As Bitcoin Keeps Tanking, Arthur Hayes Joins Chorus of USD 1m BTC Predictors and Warns of 'The Doom Loop'

With the price of bitcoin (BTC) falling lower, former BitMEX CEO Arthur Hayes is joining the ranks of the most bullish bitcoin proponents, with a USD 1m price prediction as part of what he calls “the doom loop” that started with sanctioning Russia over its invasion of Ukraine.

Timeline of Bitcoin

A solo Bitcoin (BTC) miner with a hashrate capacity of 60 terahashes per second (TH/s) has added a new block to the Bitcoin blockchain, registering the block reward of BTC 6.25 (USD 244,074).

It is a period where central banks experience a zugzwang situation where monetary tools meant to control rising inflation lead to higher unemployment and lower economic production.

Fund manager 21Shares is set to launch a new exchange-traded product (ETP) that will track both Bitcoin and Gold under one instrument. The ETP is set to begin trading on the SIX Swiss Exchange this week.

Bitcoin and Ethereum have always been at the forefront for institutional investors. This is with good reasons too as not only are these the largest cryptocurrencies by market cap, but they are also the most popular with the best prospects.

Bitcoin is finally moving away from what many consider its Achilles heel, its reliance on non-renewable sources of energy. According to the Bitcoin Mining Council's latest quarterly survey, the bitcoin mining industry is increasing its dependence on electricity from sustainable sources, significantly reducing its dependence on non-renewables.

Brazil just became the latest country to regulate its crypto industry. The countrys Senate just passed a bill, also known as the Bitcoin bill, that will regulate digital currencies in the country.

A survey has found that Salvadorans are using the state-run Chivo bitcoin (BTC) app and wallet sparingly if at all, with most simply downloading it to receive a USD 30 worth of bitcoin as a golden hello before returning to using the dollar.

Despite the Bitcoin (BTC) price action being firmly bearish, technical indicators suggest a significant rebound could occur soon. The post Bitcoin (BTC) Negates Recent Gains With Bearish Candlestick appeared first on BeInCrypto.

The month of April has been very harsh on the cryptocurrency market. Since the start of the month, the cryptocurrencies are struggling to find a stable bull run and with this the global cryptocurrency market has plunged by 4.48% over the last 24hrs. Along Bitcoin, the Altcoins too have been dragged where most of these …

Researchers from the Queensland University of Technology recently published a study on the dark tetrad personality and cryptocurrency attitudes. The post A response to the claim “dark tetrad” personality types are drawn to Bitcoin appeared first on CryptoSlate.