In a recent interview on Bloomberg Television, Steve Eisman of Neuberger Berman, who gained prominence from “The Big Short,” shared insights on the impending U.S. election and his investment strategies. Eisman identified three significant current themes, including cryptocurrency, about which he expressed skepticism. Steve Eisman’s Take: Trump’s Re-Election and the So-Called Crypto Conundrum Steve Eisman, […]
After reaching a low of $ 56,500 on April 30, bitcoin climbed to a peak of $ 62,109 by Friday, May 3, in response to the previous downturn. This uptick resulted in the liquidation of $ 26.65 million in bitcoin short positions within just four hours, and approximately 48,962 traders found their …
A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $ 2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks remaining until the next reward halving. Impending …
The price of bitcoin soared past the $ 52K milestone on Wednesday, reaching $ 52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $ 89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ …
Similar to bitcoin prices, the second leading crypto asset in terms of market capitalization has risen on Friday, jumping 2% against the U.S. dollar. The 24-hour price range of ether has been recorded between $ 2,024 and $ 2,111, reflecting a volatile yet upward trajectory. Ether now stands with a market capitalization of …