Bitcoin Back Below $20K, While Coinbase, MicroStrategy, Other Crypto Stocks Bounce

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Bitcoin Back Below $20K, While Coinbase, MicroStrategy, Other Crypto Stocks Bounce

Seeking Alpha2022-07-05

Bitcoin (BTC-USD) on Tuesday is slipping back under its $20K key level in a backdrop of a broader market downturn and mounting recession fears. Still, crypto-focused stocks are seeing some buying ...

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Kel9670ong
·2022-07-06
Crypto is facing a major recorrection
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Thalos
·2022-07-06
Trade safe
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T2huat
·2022-07-06
Ok
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Jerryoic
·2022-07-06
Like
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BlueDragon
·2022-07-06
Ok
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HENRYCSC
·2022-07-06
Thanks
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Wafu
·2022-07-06
Like pls
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FattyBull
·2022-07-06
Nice
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N00b
·2022-07-06
Ok like
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ramius75
·2022-07-06
🙅‍♂️
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Ragz
·2022-07-06
Turning full cycle
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iNkwiziTs
·2022-07-06
Good news
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andrew123
·2022-07-06
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SPOT_ON
·2022-07-06
Ok
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InvisibleP
·2022-07-06
Ok
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YTigger
·2022-07-05
👍
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Supremo23
·2022-07-05
Ok
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kukumolu
·2022-07-05
Short coin!
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Still, crypto-focused stocks are seeing some buying ...</p>\n\n<a href=\"https://seekingalpha.com/news/3854216-bitcoin-back-below-20k-amid-crypto-downturn-recession-fears\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTR","symbol_name":"MicroStrategy","start_time":0,"source_url":"https://seekingalpha.com/news/3854216-bitcoin-back-below-20k-amid-crypto-downturn-recession-fears","article_id":"1114583705","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114583705","pubTimestamp":1657033055,"sourceInfo":null,"weMediaInfo":null,"summary":"Bitcoin (BTC-USD) on Tuesday is slipping back under its $20K key level in a backdrop of a broader ma","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSTR":"MicroStrategy","COIN":"Coinbase Global, Inc."},"translate_title":"比特币回到2万美元以下，而Coinbase、MicroStrategy和其他加密股反弹","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9,"MSTR":0.9},"content_text":"Bitcoin (BTC-USD) on Tuesday is slipping back under its $20K key level in a backdrop of a broader market downturn and mounting recession fears. Still, crypto-focused stocks are seeing some buying pressure.The largest digital token by market cap is edging down 0.6% to $19.4K as of shortly before 11:00 a.m. ET. Ethereum (ETH-USD), though, is rising 0.8% to $1.1K over the past 24 hours, as investors brace for its transition to a Proof-of-Stake consensus mechanism from energy-intensive Proof-of-Work.The relatively slower price action follows bitcoin's (BTC-USD) worst first half half of a year in its 12-year history, dropping 60.3% in H1 2022. Crypto owners remain committed despite the slump in bitcoin and cryptos more broadly.Some strategists are calling for a near-term bottom in bitcoin (BTC-USD) given its huge drawdown over the past year. Note that “the case for Bitcoin bottom formation is one grounded in observable dominance of strong-hand investors, historically significant lows in numerous macro oscillators, and a strong confluence with prices hovering in striking distance of several bear-market pricing models,” analysts at Glassnode wrote in a note, as quoted by Bloomberg on July 4.Moreover, Mark Newton, head of Technical Strategy at FSInsight, said in the week ended July 1 that bitcoin (BTC-USD) could bottom out in this month as the weekly and monthly charts point to a possible trend reversal.While a slew of cryptos are trading slightly lower intraday, crypto-related stocks are mostly rising in a rare dynamic, including Coinbase Global, MicroStrategy, Silvergate Capital , and Riot Blockchain .Previously, (July 1) El Salvador bought the dip in bitcoin again.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9070768354,"gmtCreate":1657110305078,"gmtModify":1676535950689,"author":{"id":"3578468158955348","authorId":"3578468158955348","name":"Kel9670ong","avatar":"https://static.tigerbbs.com/bd86c42e207fbd94e7f8877a29457d71","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578468158955348","authorIdStr":"3578468158955348"},"htmlText":"Crypto is facing a major recorrection","listText":"Crypto is facing a major recorrection","text":"Crypto is facing a major recorrection","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9070768354","repostId":1114583705,"repostType":4,"repost":{"id":"1114583705","kind":"news","pubTimestamp":1657033055,"share":"https://ttm.financial/m/news/1114583705?lang=&edition=fundamental","pubTime":"2022-07-05 22:57","market":"us","language":"en","title":"Bitcoin Back Below $20K, While Coinbase, MicroStrategy, Other Crypto Stocks Bounce","url":"https://stock-news.laohu8.com/highlight/detail?id=1114583705","media":"Seeking Alpha","summary":"Bitcoin (BTC-USD) on Tuesday is slipping back under its $20K key level in a backdrop of a broader ma","content":"<html><head></head><body><p>Bitcoin (BTC-USD) on Tuesday is slipping back under its $20K key level in a backdrop of a broader market downturn and mounting recession fears. Still, crypto-focused stocks are seeing some buying pressure.</p><p>The largest digital token by market cap is edging down 0.6% to $19.4K as of shortly before 11:00 a.m. ET. Ethereum (ETH-USD), though, is rising 0.8% to $1.1K over the past 24 hours, as investors brace for its transition to a Proof-of-Stake consensus mechanism from energy-intensive Proof-of-Work.</p><p>The relatively slower price action follows bitcoin&#39;s (BTC-USD) worst first half half of a year in its 12-year history, dropping 60.3% in H1 2022. Crypto owners remain committed despite the slump in bitcoin and cryptos more broadly.</p><p>Some strategists are calling for a near-term bottom in bitcoin (BTC-USD) given its huge drawdown over the past year. Note that “the case for Bitcoin bottom formation is one grounded in observable dominance of strong-hand investors, historically significant lows in numerous macro oscillators, and a strong confluence with prices hovering in striking distance of several bear-market pricing models,” analysts at Glassnode wrote in a note, as quoted by Bloomberg on July 4.</p><p>Moreover, Mark Newton, head of Technical Strategy at FSInsight, said in the week ended July 1 that bitcoin (BTC-USD) could bottom out in this month as the weekly and monthly charts point to a possible trend reversal.</p><p>While a slew of cryptos are trading slightly lower intraday, crypto-related stocks are mostly rising in a rare dynamic, including <a href=\"https://laohu8.com/S/COIN\">Coinbase Global</a>, <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a>, <a href=\"https://laohu8.com/S/SI\">Silvergate Capital </a>, and <a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain </a>.</p><p><img src=\"https://static.tigerbbs.com/c77d6ebd4d3f795ba05e6720a46c0af8\" tg-width=\"437\" tg-height=\"477\" referrerpolicy=\"no-referrer\"/></p><p>Previously, (July 1) El Salvador bought the dip in bitcoin again.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Back Below $20K, While Coinbase, MicroStrategy, Other Crypto Stocks Bounce</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Back Below $20K, While Coinbase, MicroStrategy, Other Crypto Stocks Bounce\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-05 22:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3854216-bitcoin-back-below-20k-amid-crypto-downturn-recession-fears><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin (BTC-USD) on Tuesday is slipping back under its $20K key level in a backdrop of a broader market downturn and mounting recession fears. Still, crypto-focused stocks are seeing some buying ...</p>\n\n<a href=\"https://seekingalpha.com/news/3854216-bitcoin-back-below-20k-amid-crypto-downturn-recession-fears\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy","COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/news/3854216-bitcoin-back-below-20k-amid-crypto-downturn-recession-fears","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114583705","content_text":"Bitcoin (BTC-USD) on Tuesday is slipping back under its $20K key level in a backdrop of a broader market downturn and mounting recession fears. Still, crypto-focused stocks are seeing some buying pressure.The largest digital token by market cap is edging down 0.6% to $19.4K as of shortly before 11:00 a.m. ET. Ethereum (ETH-USD), though, is rising 0.8% to $1.1K over the past 24 hours, as investors brace for its transition to a Proof-of-Stake consensus mechanism from energy-intensive Proof-of-Work.The relatively slower price action follows bitcoin's (BTC-USD) worst first half half of a year in its 12-year history, dropping 60.3% in H1 2022. Crypto owners remain committed despite the slump in bitcoin and cryptos more broadly.Some strategists are calling for a near-term bottom in bitcoin (BTC-USD) given its huge drawdown over the past year. Note that “the case for Bitcoin bottom formation is one grounded in observable dominance of strong-hand investors, historically significant lows in numerous macro oscillators, and a strong confluence with prices hovering in striking distance of several bear-market pricing models,” analysts at Glassnode wrote in a note, as quoted by Bloomberg on July 4.Moreover, Mark Newton, head of Technical Strategy at FSInsight, said in the week ended July 1 that bitcoin (BTC-USD) could bottom out in this month as the weekly and monthly charts point to a possible trend reversal.While a slew of cryptos are trading slightly lower intraday, crypto-related stocks are mostly rising in a rare dynamic, including Coinbase Global, MicroStrategy, Silvergate Capital , and Riot Blockchain .Previously, (July 1) El Salvador bought the dip in bitcoin again.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9070486528,"gmtCreate":1657089095464,"gmtModify":1676535947737,"author":{"id":"4101955883486630","authorId":"4101955883486630","name":"Thalos","avatar":"https://community-static.tradeup.com/news/55ba87139db7cd8dd783879dbd6ed4c5","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4101955883486630","authorIdStr":"4101955883486630"},"htmlText":"Trade safe","listText":"Trade safe","text":"Trade 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