![]() ![]() Using data from CoinMarketCap, this graphic looks at bitcoin’s historical price corrections from all-time highs. While bitcoin has been one of the world’s best performing assets over the past 10 years, the cryptocurrency has had its fair share of volatility and price corrections. “This could be a seismic moment for the sports sponsorship industry,” GlobalData analyst Conrad Wiacek, said in a Wednesday note, projecting “further turbulence” after crypto spent more than $3 billion in sports sponsorship since early 2021. Bitcoin’s Latest Crash: Not the First, Not the Last. Earlier in the day it fell as low as 15,586.94, its lowest level since Nov. What To Watch ForįTX has spent millions on advertising, largely focused on sports-related advertising to reach its primarily young male target market, becoming the named sponsor of the NBA’s Miami Heat’s arena and striking deals with star athletes like Tom Brady and Stephen Curry. Bitcoin was last lower by 4 to trade around 15,725.02, according to Coin Metrics. I think bitcoin will repeat the fallback it suffered in 2017. FTX’s collapse apparently came out of nowhere even to Bankman-Fried, who refused to rule out an FTX acquisition of Binance at last week’s Forbes Iconoclast Summit. BTC won’t make its next significant high until the next halvening scheduled for 2024and that will see us in a different world. Bankman-Fried needing rescue was a major role reversal for the low-key 30-year-old crypto baron, previously offering hundreds of millions in revolving credit to ailing crypto lenders BlockFi and Voyager Digital. The Aussies who lost a FORTUNE after a series of Bitcoin crashes - as the ones who held onto their wealth reveal how they dodged the latest crypto freefall: 'I thought I was a genius'. ![]() ![]() Bankman-Fried was worth as much as $26.5 billion, according to our estimates earlier this year, and built his Bahamas-based exchange to a $32 billion valuation in January. A top trader with a history of accurate market calls is warning Bitcoin bulls not to get too ahead of themselves with outlandish price targets.Pseudonymous crypto trader and analyst Dave the Wave tells his 139,000 Twitter followers that too many are placing Bitcoin price targets that follow a straight diagonal resistance and lead somewhere way into the six figures. ![]()
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