‘Big Short' Michael Burry Says Bitcoin Crash Is Only Halfway Through

Michael Burry, the co-founder of Scion Asset Management, predicted on Twitter that the market fall is about halfway through. Pointing to the massive downfall in the S&P 500, Nasdaq, and Bitcoin prices, Burry predicted that the market went through multiple compressions, with earning compression to follow.

Timeline of Bitcoin

The Grayscale BTC trust trades 355 lower than the Bitcoin price and the disparity recovered a little but only because the crypto continued falling so let's read more today in our latest Bitcoin news. The shares of the Grayscale Bitcoin Trust were trading at a discount of 35% after the US SEC rejection of its

The Bank for International Settlements has always maintained a skeptical stance regarding cryptocurrencies, which was further exasperated after the recent crash. However, it seems to have softened its stand and may allow banks to hold up to 1% of their reserves in cryptocurrencies like Bitcoin.

CFTC cited $1.7M multi-level-marketing scheme as the biggest fraud scheme that involved Bitcoin, and the agency alleged Cornelius Steynbger used this scheme to launder over $29K in BTC so let's read more today In our latest bitcoin news. The Commodity Futures Trading Commission or the CFTC cited a huge MLM scheme involving bitcoin as it

Securities and Exchange Commission has received a new application from investment firm VanEck for a Spot Bitcoin ETF. It's eight months since the SEC rejected VanEck's prior application and only a day after declining Grayscale Investments' and Bitwise's Spot Bitcoin ETF applications.

Bitcoin was trading below $20,000 on Friday after the cryptocurrency had registered its worst quarter in 11 years. The post Bitcoin registers its worst quarter in 11 years amid crypto market tumult appeared first on The Block.

Bitcoin (CRYPTO: BTC) marks its worst quarter in a decade with a 56.2% slump — breaking its last record of 49% loss in Q1 2021 when it fell from its ATH $19,750 to around the $4,000. At the start of the quarter ended June, BTC was trading around $45,000, 35% down from its all-time high of $69,000, before hitting its 18-month low at $17,100 on June 19.

Mirror Trading International has been charged with a $1.7 billion fraud — and it's claimed that the company misappropriated 29,000 BTC that was pooled from thousands of investors worldwide.

VanEck, one of the ETF & Mutual Fund Manager firms to ever file for a Bitcoin ETF, has once again re-filed for a physically-backed Bitcoin ETF with the US Securities and Exchange Commission (SEC) after its first application was rejected. VanEck seems not to be giving up its fight to be allowed to issue a The post VanEck refiles for physically-backed Bitcoin ETF with the US SEC appeared first on Invezz.

Analysts have been predicting a final capitulation event for some time now, but it could already be happening according to on-chain metrics. The post Bitcoin Markets in Capitulation After Worse Quarterly Loss in a Decade appeared first on BeInCrypto.

Bitcoin BTC/USD is the largest cryptocurrency in terms of market capitalization, and it has maintained its level of dominance in the crypto space despite the bearish crypto market. Despite its recent bearish outlook, a lot of investors and even entire countries are buying cryptocurrency. El Salvador and MicroStrategy's purchases of BTC as catalysts for growth The post Bitcoin's price movements after El Salvador and MicroStrategy purchase appeared first on Invezz.