Expert Predicts When Bitcoin Can Decouple From Stocks

Charles Edwards, the founder of the Capriole Fund, revealed that Bitcoin will decouple from stocks and will likely outperform them. However, arcane research recently reported that Bitcoin is still firmly following the stock market.

Timeline of Bitcoin

The world's first cryptocurrency, Bitcoin had kicked off August month on a bullish note as the currency had reclaimed its $23,000 price level. However, today, the currency has once again lost its $23k price area and is hovering around the $22,000 mark. At the time of writing, Bitcoin is pulled down by 0.

The pseudonymous crypto analyst Altcoin Sherpa remains largely bearish about the market despite the general price uptick last week. The trader tells his 180,700 Twitter followers that $22,000 is a “must hold” level for Bitcoin (BTC).

Bloomberg Intelligence's latest crypto outlook report said Bitcoin (BTC) might begin to perform more like the United States Treasury bonds rather than stock equities as it slowly recovers from the recent market crash. The post Bitcoin to perform more like US Treasury bonds as it recovers from crash – Bloomberg Intelligence says appeared first on CryptoSlate.

Paying attention to the macro environment won't hurt BTC investors, because it is now beyond dispute that the macro environment has a significant impact on the price of Bitcoin. Early in the year, the stock market correlation reached a new high; the cryptocurrency market has not yet begun to separate from it.

XRP price against the USD or USDT is trading within the same pre-defined price range between $0.33 and $0.39 for more than a fortnight. The raised volatility had induced significant upward momentum, but the recent price slash nullified the bullish impact and kept the price restricted below $0.4.

Bitcoin (BTC) has failed to initiate any sort of upward movement after breaking out from a short-term descending wedge pattern.  The post Bitcoin (BTC) Continues Hovering Near $22,700 Support appeared first on BeInCrypto.

Oxford City Football Club (OCFC) - one of the most successful and coveted football clubs in the world, has partnered with Isle of Man-based bitcoin company CoinCorner to offer bitcoin payments.

Bitcoin has bottomed this cycle, according to Antony Scaramucci, the founder of SkyBridge Capital. Anthony Scaramucci does not see a decline in the value of Bitcoin below the $17,500 mark.

Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone's monetary authority also claims stablecoins, among other options, are “problematic.

Bitcoin price currently appears to have to withstand the upward pressure to a large extent as the price hovers close to the recent highs. After undergoing a steep descending trend for nearly 6 days, the asset attempts to stabalize an upward trajectory without much involvement from bears.