Ray Dalio, a prominent hedge fund manager, criticized Bitcoin's ability to serve as a safe haven asset, citing its lack of privacy and transparency of transactions, which makes it unattractive for central banks. He also pointed out Bitcoin's correlation with tech stocks, reducing its effectiveness as a store of value compared to gold, which is widely held and established in the global financial system. Despite this, Dalio maintains a modest Bitcoin allocation as a hedge against macroeconomic risks but prefers gold. Industry leaders defend Bitcoin's transparency as a feature and highlight its utility against inflation and for payments, suggesting Bitcoin is still in a monetization phase.
Bitcoin price recently hit a strong resistance level at $65,600 but failed to break through, signaling a possible reversal. Short-term momentum is weakening, suggesting the price may decline unless a sudden surge occurs. Key support levels include th...
NYDIG projects Bitcoin might fall to $38,000-$39,000 by October 2026 if the current 2025-26 market decline matches the depth of the 2022 bear market. Bitcoin is currently trading near $64,500, down about 30% this year and roughly 50% below its Octobe...
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...
