Anthony Pompliano, CEO of Professional Capital Management, described Bitcoin as a 'dog with fleas' due to its recent underperformance but suggested it could be a good contrarian buy when out of favor. He highlighted that while AI stocks are currently popular, Bitcoin's value could rebound, especially with ongoing U.S. dollar debasement. Pompliano also mentioned Bitcoin's potential to reach $1 million over time but noted timing is challenging. Despite Bitcoin's recent 30% loss, contrasting with gains in gold and major stock indexes, Pompliano still sees it as a valuable asset alongside gold as a hedge against inflation and currency devaluation.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
