After a year of unprecedented failures, cryptocurrency insiders held out hope that 2023 would usher in a fresh start for the industry. Instead, the industry has found itself on the receiving end of a ...
Tag: Washout
Mike Novogratz: 2022 a Grand Washout for Crypto and Growth Stocks
Mike Novogratz, CEO of Galaxy Digital, says that 2022 was “a grand washout” for cryptocurrencies and growth stocks. Everything in the financial assets industry that was “growth-linked” encountered dif...
Crypto’s ‘best’ performers during 2022’s market washout
Crypto holders had a rough ride in 2022. At the start of the year, the collective market cap of cryptocurrencies worldwide stood at $2.2 trillion. As the year ends, that figures stands at just below $...
The internet bubble-like “Washout” crypto
The contagion of FTX, the collapse of crypto prices, the failure of connected companies, is not yet over according to Scott Minerd, CIO of Guggenheim Partners: we are going close to another financial ...
Guggenheim CIO Scott Minerd Warns of a Crypto ‘Washout’ Similar to the Internet Bubble – Markets and Prices Bitcoin News
Guggenheim Partners CIO Scott Minerd believes there is going to be a crypto washout similar to the internet bubble. “There’s another shoe to drop,” he warned. Nonetheless, the executive is confident t...
Here Comes A Rare Event: A Stock Market Washout
Losses, losses everywhere John Tobey (Financial Visualizations – FinViz.com) Last month, I described why a stock market shakeout was likely. Such episodes are meant to “shake out” re...
Alert, Traders! There Shall Be A Crypto Washout Soon, Warns Expert
After reaching heady heights in 2021, the cryptocurrency market has had to weather a period of tightening monetary policy, which has resulted in sell-offs, the implosion of projects like Terra, the ba...
“There’s Going to Be a Washout”
Alex Dovbnya Scott Minerd is convinced that cryptocurrencies will be transformative for the global economy, but they need a proper regulatory framework During a recent Bloomberg interview, Guggenheim...
Here’s Why Bitcoin Longs are Vulnerable to a Washout, Will This Impact the BTC Price?
Bitcoin price is back within the range, displaying a lowered strength as its closest competitor, DXY Index is trading along the resistance. However, a minor relief may be expected in the coming days a...
Bitcoin Tumbles Towards Washout as Crypto Enters ‘Get Me Out’ Phase
In our June 13 review of bitcoin futures we gave a sober outlook for prices including a price target: “In this daily Point and Figure chart of bitcoin, below, we can see the breakdown and a pric...
Bitcoin is Still Due for a “Final Washout” says Fundstrat Analyst
Mark Newton – technical strategist at the investment insights firm Fundstrat – is not convinced that Bitcoin has reached its bottom. He claims there is a significant chance of a “final washout” style ...
Analyst highlights Bitcoin’s key levels to watch before final ‘washout’
After Bitcoin (BTC) briefly dipped below $20,000 on Wednesday, June 29, the focus is on whether the maiden cryptocurrency will attract further correction or if there is room for a rally. Having trade...
Bitcoin Washout Is Leaving Mom-and-Pop Buyers Holding the Bag
(Bloomberg) — There’s a crypto refrain when prices crash precipitously like this: The selloff is washing out the short term-focused non-believers, known as weak hands, strengthening the industry...