Barstool Sports founder Dave Portnoy said he will hold his bitcoin investment even if its value drops to zero, after buying near $100,000 and facing significant losses. He admitted struggling with market timing, noting he often buys before price drops and sells before rallies. Portnoy's stance highlights the common challenge investors face in volatile markets and suggests a strategy of holding rather than trying to time trades. This candid admission serves as a lesson for retail investors about the risks of market timing.
Bitcoin surged above $63,000, reaching a two-week high, while XRP led major cryptocurrencies with a 10% weekly gain, becoming the fifth-largest by market cap. The rally is supported by easing inflation concerns and a weaker U.S. jobs report, which bo...
Bitcoin and Ethereum prices increased by 1.80% and 2.71% respectively, signaling investor preference for large-cap cryptocurrencies despite mixed performance among altcoins. Bitcoin dominance rose to 57.92% and Ethereum's to 9.87%, indicating capital...
Bitcoin challenged the $63K level but failed to surpass it, bouncing from $58.5K earlier in July. Over $143 million in short liquidations indicate many traders were caught off-guard, suggesting a possible bullish reversal rather than just a short squ...
John Bollinger, creator of the Bollinger Bands, predicts a trend reversal for Bitcoin after a recent price rebound from $60,000 support forming a bullish 'W' pattern. Bitcoin ETFs ended a 10-day outflow streak with $224 million inflows, though overal...
Bitcoin's profit and loss ratio has dropped to its lowest point in 43 months, indicating more holders are currently at a loss than since 2023. This metric reflects market stress and has led to divided investor sentiment: some experts like Bitwise's M...
