Economy - Finance > Derivatives

2 crypto pros break down why bitcoin in the clear for now after plunging 35% in a matter of days

23 days ago   |   By Business Insider

REUTERS/Dado Ruvic/Illustration/File Photo
Insider spoke to two cryptocurrency professionals on why they're still bullish towards bitcoin.
Bitcoin plunged 35% in a matter of days, then saw renewed selling pressure after China reiterated its bitcoin-mining clampdown.
The bitcoin bulls said the cryptocurrency will see range-bound trading in the short term.
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After taking a one-day breather following a week-long plunge that saw it lose more than 35%, bitcoin resume its sell-off on Friday after China reiterated its...
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2 crypto pros break down why bitcoin in the clear for now after plunging 35% in a matter of days

2 crypto pros break down why bitcoin in the clear for now after plunging 35% in a matter of days

23 days ago   |   By Business Insider

Summary List Placement After taking a one-day breather following a week-long plunge that saw it lose more than 35%, bitcoin resume its sell-off on Friday after China reiterated its crackdown on bitcoin mining and trading .
Despite the quick succession of blows, two crypto professionals argue that the worst is over for bitcoin for now, despite renewed selling pressure.
"We believe that most of the leverage is out of the system now and bitcoin should start to form a base here," Pankaj Balani, CEO at Delta Exchange, a crypto derivatives exchange, told Insider.
Balani did acknowledge that...
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The investing chief of a crypto asset manager breaks down why SushiSwap is now the 'most undervalued token in digital assets' that could triple from here - and shares 2 under-the-radar tokens he's bullish on

The investing chief of a crypto asset manager breaks down why SushiSwap is now the 'most undervalued token in digital assets' that could triple from here - and shares 2 under-the-radar tokens he's bullish on

23 days ago   |   By Business Insider

Summary List Placement There are easy ways to make money in the world of cryptocurrencies, but Jeff Dorman has taken the road less traveled for a good reason.
A buy-and-hold investor can sit back and watch their crypto holdings go up in value, but they would also have to stomach the type of wild ride that saw bitcoin plummet 31% on Wednesday morning and surge 33% in the afternoon without panic selling.
Dorman, the chief investment officer of crypto asset manager Arca, guides his team to take advantage of catalysts and inefficiencies in the nascent and constantly evolving market by focusing...
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