Bitcoin’s Quantum Threat, Anti-Bubble, or Energy Costs?
The past week has been tough, with BTC down 18% since the May peak. In this update, I will explore some of the reasons.
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Back to Bear
Bitcoin’s ByteTrend Score has dropped to a 0 for the first time since April. The bear has returned.
Bitcoin and KOSPI
While Bitcoin and KOSPI have historically been correlated, they diverged last summer, with the attention shifting towards chips.
Bitcoin Nears Bull Market as Price Tests 200-Day Moving Average
The bitcoin price has neared the 200-day moving average for the first time since October.
20 Million Bitcoins Mined; 1 Million to Go
This week, 20 million Bitcoins have been mined, one million to go, and it’s the 200th issue of ByteFolio. Where did the time go?
The Technology Bear Market
There can be no doubt that Bitcoin has been caught up in the technology selloff. At its heart, Bitcoin is an internet stock.