Sentiment may have turned a little too bearish, a feature that is often observed at market bottoms.
The DOGE frenzy appears to have spread to decentralized finance, where several imitator tokens have chalked up staggering single-day gains.
Bloomberg anticipates continued deflation and peak oil similar to 2018. This could be negative for bitcoin.
Analysts at Bloomberg Crypto argue the largest cryptocurrency might be due for a run analogous with the steep rallies of 2017 and 2013, following prior "halvings" on the blockchain network.
The data is being provided by a Kraken unit.
"We are certainly on track though $10 billion dollars is a low valuation," said Powell. "I wouldn't be interested in issuing shares at that price."
Bitcoin’s 30% price correction was enough to give some CFOs second thoughts.
A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.
A Bloomberg senior editor today argued there were six reasons why 2020 was bad for bitcoin. Here’s the opposite case.
The $20,000 in 2020 prediction may be overly optimistic, but analysts agree bitcoin is likely heading north.
Bloomberg analysts argue that historical patterns and macro factors mean prices are on a path back the the all-time high.
Bitcoin, like gold, is a limited asset that can't be easily increased to meet demand. Bloomberg analysts predict the price of both will rise this year.
The terminals of Reuters and Bloomberg will soon provide cryptocurrency data from an index that takes into account social media posts and news.
In a blockchain first, Cadence has obtained a Financial Instrument Global Identifier (FIGI) and can be easily found on Bloomberg Terminal.
Two crypto benchmark indices from CoinMarketCap launch on Nasdaq, Bloomberg Terminal, Thomson Reuters and Börse Stuttgart today.