News that Tether and Bitfinex had reached a settlement with the New York Attorney General in a legal battle which had begun in 2019, ending crypto’s “most significant existential threat,” served to change market sentiment in an instant.
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U.S. will ‘squash’ Bitcoin during crisis: ‘The Big Short’ investor Burry
Forecasting an inflationary crisis, the investor who called the 2008 mortgage crisis predicts governments won’t put up with currency competition in bad times
“I don’t hate $BTC," Burry said on Twitter. "However, in my view, the long term future is tenuous for decentralized crypto in a world of legally violent, heartless centralized governments with #lifeblood interests in monopolies on currencies."
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Falling liquidity threatens Bitcoin rally: JPMorgan’s Panigirtzoglou
Analysts at the world’s top bank suggested that low liquidity means that a relatively-small sellout could have major implications for Bitcoin’s price
“Market liquidity is currently much lower for Bitcoin than in gold or the S&P 500, which implies that even small flows can have a large price impact," JPMorgan’s Nikolaos Panigirtzoglou said today.
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Markets Report: Bitcoin sheds 4% as bulls give way to new correction
A comedown from the weekend’s all-time high accelerates on Monday, with $50,000 about to be tested as support for the first time
Bitcoin is correcting again as the latest phase in its epic bull run looks ripe for some disruption. After the weekend produced a fresh all-time high of $58,314 for BTC/USD, Monday is proving stubborn, with Bitcoin briefly coming down over $10,000 in 24 hours before reversing.
