US lawmakers say crypto industry has a 'tech bro' problem hurting innovation

Venture capitalists tend to invest in companies with predominantly white male leadership, while women and people of color "remain in the waiting room," according to Stephen Lynch. According to some United States lawmakers in the House Financial Services Committee, the lack of diversity in the financial technology space could be hurting many companies’ bottom lines.In a Thursday virtual hearing on “Combatting Tech Bro Culture,” US lawmakers and witnesses discussed how women and people of color were underrepresented in leadership positions in the financial technology industry, including crypto firms.

Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism

India's central bank has been a vocal critic of cryptocurrencies over the years; it previously stated that CBDCs could thwart the adoption of digital assets.

Crypto Markets Could Be Reaching a Bearish Tipping Point: JPMorgan

After the weeks-long freefall in the crypto market, the bottom may be near, suggested JPM's strategists.

Crypto Analyst Reveals Big Downside Target for Ethereum, Predicts Bitcoin Bottom Scenario

A popular analyst is digging into the charts to set low-end price targets for the two largest crypto assets by market cap.

Is Bitcoin Ready To Bottom Out? Veteran Analyst John Bollinger Weighs In on State of BTC

A seasoned crypto analyst is closely tracking Bitcoin (BTC) price action as he attempts to determine whether the leading crypto by market cap has carved a bottom.

Key Bitcoin price metrics say BTC bottomed, but traders still fear a drop to $10K

On-chain and technical analysis indicators suggest BTC price may have bottomed, but several traders are still wary that price could fall as low as $10,000 in the short-term. The crypto market is currently going through a period of heightened volatility as global economic conditions continue to worsen amid a backdrop of rising inflation and interest rates. As the headwinds impacting global financial markets beat down all traces of bullish sentiment, many crypto investors are predicting that Bitcoin (BTC) price could drop to as low as $10,000 before a market bottom is found.

Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’

To mine, or not to mine, that is the question.

Different this time? 'Almost all' Bitcoin metrics are now hinting at a price bottom

Current BTC price levels are being keenly eyed as a prime site for a macro Bitcoin price trend reversal. Bitcoin (BTC) played wait-and-see with traders on June 28 as Wall Street opened to flat performance.BTC/USD 1-hour candle chart (Bitstamp).

First In History: Bitcoin Mayer Multiple Records Lower Value Than Last Cycle’s Low

The Bitcoin Mayer Multiple has recently sunk to a lower value than the bottom of the previous cycle.

Bitcoin Monthly Tags Lower Bollinger Band, Tool’s Creator Hints At Bottom

Bitcoin price action on monthly timeframes has made a historic move to the touch the lower Bollinger Band – a popular technical indicator and volatility measuring tool.

Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000

Bitcoin. The bottom. Are we there yet? Several higher timeframe metrics suggest BTC’s real bottom will be somewhere around $10,000. Bear markets have historically been challenging to navigate for traders and the conventional set of "reliable" indicators that determine good entry points are unable to predict how long a crypto winter might last.Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was in, but a deeper dive into the data suggests that the short-term relief rally might not be enough proof of a macro-level trend change.Evidence pointing to the need for caution was provided in a recent report by cryptocurrency research firm Delphi Digital, which suggested that “we need to see a little more pain before we have conviction that a market bottom is in.”Despite the pain that has already been felt since Bitcoin’s price topped in November, a comparison between its pullback since then and the 2017 market top points to the possibility of further decline in the short-term.

Top 5 cryptocurrencies to watch this week: BTC, UNI, XLM, THETA, HNT

Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT. The United States equities markets witnessed a sharp comeback last week, led by the Nasdaq Composite which gained 7.5%.

Five Altcoins Are Showing Strength As Bitcoin Bottoming Begins, According to Analyst Nicholas Merten

A closely followed crypto analyst says five large-cap altcoins are starting to flash signs of strength as Bitcoin (BTC) attempts to carve a bottom.

AAVE: Here's why the token is in whales' latest shopping list

While technical analysis offers insight into the performance of crypto assets and where the market sentiment lies, 'buying the dip' at a specified 'bottom' is not always as easy as many people make itThe post AAVE: Here's why the token is in whales' latest shopping list appeared first on AMBCrypto.

Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip

Predicting a market bottom is pretty much impossible, but clever traders use options strategies like the Iron Condor setup to target a particular trading price range. Bitcoin hit a 2022 low at $17,580 on June 18 and many traders are hopeful that this was the bottom, but (BTC) has been unable to produce a daily close above $21,000 for the past six days.

Bitcoin miner ‘capitulation event’ may have already happened — Research

Investigative work argues that on-chain metrics are proving miners have capitulated, while whales appear to be lone Bitcoin dip-buyers. Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded.In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted that the BTC price bottom could now be due.BTC price bottom “typically” follows miner capitulationMiners have seen a dramatic change in circumstances since March 2020, going from unprecedented profitability to seeing their margins squeezed.The dip to $17,600 — 70% below November’s all-time highs for BTC/USD — has hit some players hard, data now shows, with miner wallets sending large amounts of coins to exchanges.This, CryptoQuant suggests, precedes the final stages of the Bitcoin sell-off more broadly in line with historical precedent.

Legendary Investor Mark Mobius Says Bitcoin Bottom Is Not in Yet – Here’s Why

Mobius Capital Partners co-founder Mark Mobius says leading crypto Bitcoin (BTC) has not reached its bottom yet after a prolonged downtrend.

Bitcoin May Have Hit Bottom According to These Indicators, BTC Targets $23K?

Bitcoin remains rangebound as most of the crypto market continues to trade in the red.

Bitcoin hodler data hints BTC price 'really close' to bottom — analysts

Short-term hodlers may be done with the bulk of their panic selling, while the Mayer Multiple shows buying the dip has rarely been more profitable. Bitcoin (BTC) could have already seen a price bottom or be “really close” to one, analysts believe eyeing new data this week.In a Twitter thread on June 22, well-known indicator creator David Puell revealed what he argues “looks interesting” about current Bitcoin buying and selling."High likelihood" bottom is inWith many sources calling for BTC/USD to dip to $14,000 or lower, bullish takes on current price action are few and far between.For Puell, however, dynamics between long-term (LTHs) and short-term holders (STHs) hint that the situation is not necessarily as bearish as many fear.Highlighting the cost basis for each group, Puell showed that those who have been in the market longer paid less as a whole for their BTC than recent investors.

Bitcoin Hasn’t Bottomed Yet if Compared to 2018’s Bear Market: Analysis

Bitcoin's bottom might not be in yet, at least if comparing the current price action to that of the bear market of 2018.

On-Chain Indicator Suggests Bitcoin (BTC) Bottom Is Near With Fresh Accumulation Phase Underway: Analyst Benjamin Cowen

Crypto analyst Benjamin Cowen says one on-chain indicator suggests Bitcoin (BTC) could be on the verge of entering an accumulation phase.

Decentraland forms a range after severe downtrend, is this the bottom

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Decentraland registered a low in May at $0.629.

Trader Who Called Current Market Collapse Makes Bitcoin (BTC) Bottom Prediction – Here’s His Price Target

The widely followed trader and analyst who accurately called the current crypto market downturn says the pain is nearly over and has a particular price target for Bitcoin in mind.

Friday’s $2.25B Bitcoin options expiry might prove that $17.6K wasn’t BTC’s bottom

Bulls bet on BTC prices above $60,000 for the June monthly options expiry, and now pro investors are going to pay a hefty price for being wrong. Bitcoin (BTC) has been trying to break out of a descending trend for the past week and the first attempt on June 16 failed to break the $22,600 resistance.

Here’s the Worst-Case Scenario for Bitcoin (BTC), According to Crypto Analyst Nicholas Merten

A popular crypto analyst is looking at historical data to determine whether Bitcoin (BTC) has actually reached its bottom or not after enduring an extended downtrend.

Trader Who Called 2018 Bear Market Bottom Says One Altcoin Already Gearing Up for Next Bull Market

The crypto strategist who accurately called the bottom of the 2018 bear market says he’s one altcoin looks strong during the current correction.

ETH Recovers 30% in Four Days but is The Bottom In? (Ethereum Price Analysis)

Ethereum has recovered by more than 30% in the past four days.

Bitcoin Bottom Finally In? Trader Who Predicted May 2021 Crash Looks at the State of BTC

The closely tracked crypto strategist who nailed the May 2021 collapse of Bitcoin is examining the state of BTC to determine whether the macro bottom is in for the leading digital asset.

Identifying if Tron [TRX] is actually far from falling to its mid-week bottom again

Tron [TRX] has made its way into the market's top-15 cryptos, with TRX ranked 13th on the charts.

Here’s How Bitcoin (BTC) Could Generate a ‘True’ Bottom, According to Analyst Kevin Svenson

A closely tracked crypto strategist is mapping out how Bitcoin could carve a bear market bottom this year as BTC trades below $20,000.