Bitcoin [BTC]: Don’t buy BTC at the top, buy it right now, says CNBC’s Brian Kelly

2019-5-22 10:30

Bitcoin’s [BTC] rapid movement on the cryptocurrency charts revitalized an industry which was touted to be dead and buried in early 2019. The events over the past few weeks have not only increased the value of Bitcoin, but have also assisted in raising the collective market cap and the prices of other cryptocurrencies.

Giving more insight into this market movement was CNBC’s Brian Kelly, who touched upon the price fluctuations, as well as where the world’s largest cryptocurrency can go from here. The Bitcoin baller claimed that the 100 percent bounce back from Bitcoin’s lows was a great incentive for new investors. It also provided a reprieve for existing players in the market. Kelly claimed,

“Investors are wondering what the next market driver could be and in my opinion there are a couple of things. First of all we are starting to see the institutional players get into the field, evidenced by the entry of Fidelity and other such companies. Even the retail perspective is huge, with TD Ameritrade investing in Eris X with sources claiming that the organization will open BTC trade for customers in the  next three to six months.”

Kelly also spoke about how the market was entering a phase of a supply cut, where the supply of Bitcoin gets cut in the overall spectrum of the market. According to him, there is generally a price rally a year into the rise and a year out of it, and the combination of the supply cut and the rise in demand will be beneficial to Bitcoin’s price.

The CNBC official was also careful to inform holders and investors that while the price is holding at this point, people need to be careful since the market might be in the mood for a reversal. He warned,

“Do not buy it at the top but rather buy it now.”

At the time of writing, Bitcoin was trading at $7943.23, with a total market cap of $140.712 billion. The 24-hour market volume was holding at $24.816 billion and the BTC market was moving up by 0.45%.

The post Bitcoin [BTC]: Don’t buy BTC at the top, buy it right now, says CNBC’s Brian Kelly appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67558.23 (-0.33%)
Объем 24H $28.313b
Изменеия 24h: -1.34 %, 7d: -3.29 %
Cегодня L: $67558.23 - H: $68812.85
Капитализация $1331.236b Rank 1
Цена в час новости $ 7935.37 (751.36%)

btc bitcoin buy brian kelly cnbc don

Источник: ambcrypto.com

btc bitcoin → Результатов: 126


Long-term Bitcoin holders resume accumulation, adding almost 70,000 BTC post-downturn

Quick Take Glassnode data suggests that long-term holders who have held Bitcoin (BTC) for over 155 days are actively accumulating after offloading around 1 million BTC since late 2023. This cohort, known for selling into profits when Bitcoin reaches new all-time highs, has increased its holdings by approximately 70,000 BTC from the cycle bottom.

2024-5-14 13:40


Dogecoin (DOGE), Arbdoge AI (AIDOGE), and Others Propel Meme Coin Momentum as Bitcoin (BTC) Surpasses $70,000

As Bitcoin (BTC) has recently surpassed the $70,000 mark, the meme coin sector has been reaping the benefits of trader profit distribution. Despite the polarizing opinions surrounding the existence of memecoins within the cryptocurrency space, this sector has been outperforming other competing altcoin groups over the past week.

2024-4-11 11:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Fear and Greed Index hits 74: What it means for Bitcoin

The crypto fear and greed index recently hit 74, indicating extreme market greed. Bitcoin miner revenue soared over the past month. The rally that Bitcoin [BTC] saw over the last few weeks, The post Crypto Fear and Greed Index hits 74: What it means for Bitcoin appeared first on AMBCrypto.

Altcoins to triple in value? Analysts predict a breakout!

Altcoin market cap exceeds $1.1 trillion, signaling potential for an ‘altseason.’ Analysts predict a significant surge if resistance levels are broken. The altcoin market, a segment ofteThe post Altcoins to triple in value? Analysts predict a breakout! appeared first on AMBCrypto.

Will Ethereum surge to $4.5K before ETH ETFs go live?

Ethereum's price nears $4,000, influenced by optimism around newly approved ETFs. Market analysts suggest the potential for Ethereum to reach as high as $10,000 in the current cycle. In the The post Will Ethereum surge to $4.