Bitcoin and other Cryptocurrencies

Bitcoin prices climbed, appreciating alongside stocks. What factors caused this latest upside? When explaining these latest gains, several analysts pointed to a broader rally in stocks, as well as the steadily improving mindset of investors.

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Bitcoin price surges 20%, Ethereum up 50% ahead of historic event.
Too early to call the Crypto winter over…is the Ethereum ‘Merge’ driving the rally?

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During Tesla’s quarterly results webcast last week, Musk admitted to dumping some $936 million of Bitcoin to raise cash out of concern of an economic pullback due to pandemic lockdowns in China. The chief executive said he sold for a “realized gain,” but some people online have some serious doubts.

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Economic data continues to influence the fundamental backdrop with Bitcoin (BTC/USD), Ethereum (ETH/USD) & Cardano (ADA) benefiting from easing recession fears.

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Risk assets sank this week as USD strength rattled markets. Bitcoin and Ethereum surrender August gains. US data and Jackson hole could drive prices in either direction.

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The crypto market started falling from its peak price in November 2021 but didn’t technically enter a “winter” phase until June 2022. Crypto is a volatile investment with minimal historical data to model a recovery, here's what the experts believe.

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Top 10 Biggest Social Money Cryptocurrencies

To rank the top 10 social money cryptocurrencies, we used the market capitalization for social money tokens as of September 8, 2022. We used the coinmarketcap.com market capitalization data for most tokens.
BBSCoin (BBS)
This token is for internet forums. BBSCoin is designed to allow people to monetize virtual credits earned on internet forums. BBS has increased by more than 20% in the past year and almost 38% in just 30 days.

Read more at: 10 Biggest Social Money Cryptocurrencies

The outlook for BTC/USD this coming quarter to put simply is, lower before higher. As it currently stands there is the dollar and everything else, meaning that as the dollar propels higher just about everything else suffers, except volatility. The weekly price is located far below the Yearly Pivot level at 48,704 and below the first support Pivot level for trying to break the bearish triangle pattern to below for the primary bearish trend to be continuing.

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Bitcoin prices experienced some notable volatility this last week, falling below $16,000 as markets responded to concerns about exchange FTX but then rising above $18,000 yesterday. Since recovering, the digital currency has retained the majority of its gains.

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