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2022-11-22

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Bitcoin, Ethereum, Dogecoin Fall: Analyst Says More Blood Yet To Come As Genesis Crisis Adds To Crypto Carnage

The two largest cryptocurrencies,Bitcoin and Ethereum, declined on Monday evening as the global cryp

Bitcoin, Ethereum, Dogecoin Fall: Analyst Says More Blood Yet To Come As Genesis Crisis Adds To Crypto Carnage

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The <b>Dow Jones Index</b> fell over 70 points.</p><p>Bonds issued by <b>Coinbase Global</b> and <b>MicroStrategy</b> have slumped as investors&#39; confidence crashed in the wake of the FTX collapse. According to data from Finra-Morningstar, Coinbase’s bond 203 dropped 15% to 50 cents. MSTR took a similar beating as the price dropped to a record 72.5 cents.</p><p>This comes as <b>Cathie Wood</b>’s <b>Ark Invest</b> bought 1.3 million shares of Coinbase worth $56 million just this month.</p><p>Crypto analyst <b>PlanB</b> compared three different dates: the price of BTC in November 2020 was $16,000, in November 2021 was $64,000 and in November 2022 was again to $16,000.</p><p>“So Bitcoin can 4x in a year and /4 in the year after,” the analyst tweeted, adding that there are no “high returns without high volatility.”</p><p>Pseudonymous crypto analyst <b>Capo</b> said, “more blood yet to come” and predicted that BTC will hover around the $12,000 to $14,000 range, ETH to $600 and $650, <b>Cardano</b> between $0.16 to $0.20, and <b>Litecoin</b> somewhere between $29 to $32.</p><p></p></body></html>","source":"lsy1606299360108","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, Ethereum, Dogecoin Fall: Analyst Says More Blood Yet To Come As Genesis Crisis Adds To Crypto Carnage</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; 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The Dow Jones Index fell over 70 points.Bonds issued by Coinbase Global and MicroStrategy have slumped as investors' confidence crashed in the wake of the FTX collapse. According to data from Finra-Morningstar, Coinbase’s bond 203 dropped 15% to 50 cents. MSTR took a similar beating as the price dropped to a record 72.5 cents.This comes as Cathie Wood’s Ark Invest bought 1.3 million shares of Coinbase worth $56 million just this month.Crypto analyst PlanB compared three different dates: the price of BTC in November 2020 was $16,000, in November 2021 was $64,000 and in November 2022 was again to $16,000.“So Bitcoin can 4x in a year and /4 in the year after,” the analyst tweeted, adding that there are no “high returns without high volatility.”Pseudonymous crypto analyst Capo said, “more blood yet to come” and predicted that BTC will hover around the $12,000 to $14,000 range, ETH to $600 and $650, Cardano between $0.16 to $0.20, and Litecoin somewhere between $29 to $32.","news_type":1},"isVote":1,"tweetType":1,"viewCount":307,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}