opinion

BTC falls after Middle East tensions...risk hedge role questioned

"Bitcoin has fallen following escalating tensions in the Middle East, raising questions about its role as a hedge against geopolitical risk," Cointelegraph reports. Bob Elliott, a former executive at global hedge fund giant Bridgewater, said: "While Paxos' physical gold-backed token PAXG has risen since the geopolitical risks in the Middle East, BTC has fallen with a negative correlation. BTC is losing value as a hedge over time." On the other hand, Checkmate (@checkmatey), a senior analyst at on-chain analytics firm Glassnode, said: "It's absurd to present PAXG as a comparable asset to BTC dumping. PAXG's daily trading volume is very low, around $36 million." On-chain analyst Willie Wu also noted that "BTC will recover in a matter of days," referring to the price relationship immediately after the Russia-Ukraine war.

Bitcoin recovers $64,000 price after 42-day Bitcoin correction, absorbing more than $3 billion in selling pressure

BTC has regained $64,000, according to Coinness Market Monitor. On the Binance USDT market, BTC is trading at $64,102.48. "Bitcoin has completed a 25.6% correction that lasted 42 days," an anonymous crypto trader, Rekt Capital, told X. "It's been a long

blockchain crypto cryptocurrency Altcoins have topped out (SpotedCrypto)

Andrew Kang: "Altcoins have topped out, except for some memes"

As Andrew Kang, co-founder of crypto investment firm Mechanism Capital, recently told X, "A common mistake crypto investors make is buying too quickly when an uptrend turns down. The correction is longer and deeper than most people expect. When the majority are liquidating and questioning that crypto is dead,

blockchain crypto cryptocurrency michael saylor btc rise to 10m (Spoted Crypto)

Michael Saylor "BTC to rise to $10 million"

Michael Saylor, founder of MicroStrategy, which holds the most Bitcoin by a single company, said in a YouTube podcast that "Bitcoin will go to $10 million". "BTC is the perfect money, it's economically immortal. Economics is a quasi-religious humanities discipline, full of people's

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