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Top related persons:
Michael Safai - 2 Litecoin - 1 Greg Cipolaro - 1 Cipolaro - 1 bitcoin - 1 Altcoins - 1 Polygon's - 1 Cardano's - 1
Top related locs:
NYDIG Stone
Top related orgs:
Management - 1 CNBC - 1 Traders - 1 Chartered - 1 Federal - 1 Metrics - 1 U.S - 1 Federal Reserve - 1

Search resuls for: "Michael Safai"


3 mentions found


☆ What bitcoin investors can learn from the halving of Litecoin this week
  + stars: | 2023-08-03 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +3 min
Traders have been looking to next spring's Bitcoin halving as a beacon of hope while regulatory uncertainty weighs on the industry and trading volumes remain suppressed. "The Litecoin halving has a bit of a price cyclicality associated with it as well, and those patterns seem to be repeating," he told CNBC. The token typically finds its trough and then its peak ahead of the halving, whereas bitcoin tends to peak well after its halving. Litecoin's trough to peak returns fell from 550% in its first halving cycle in 2015 to 504.8% in its second halving cycle three years later. "The Litecoin halving hasn't had as much of a pre-event momentum build like, say, a Bitcoin halving or Ethereum upgrade," said Michael Safai, managing partner at the crypto trading firm Dexterity Capital.
Persons: Litecoin, Greg Cipolaro, Cipolaro, Michael Safai Organizations: Management, CNBC, Traders Locations: NYDIG, Stone
☆ Bitcoin drops below $25,000, Tether's stablecoin falls under its dollar peg
  + stars: | 2023-06-15 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +1 min
Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Cryptocurrency prices fell after the Federal Reserve's June meeting, with bitcoin falling below $25,000 for the first time since March. On Thursday, bitcoin was lower by around 4% at $24,866.92, according to Coin Metrics, while ether fell more than 5% to $1,632.47. And selling pressure weighed on Tether (USDT), which lost its peg to the U.S. dollar on most exchanges Thursday, falling to 99 cents in its biggest drop since November. "Given how thin trading volumes are at the moment, a sizable (but not massive) sell order is enough to set off liquidations."
Persons: bitcoin, Altcoins, Polygon's, Cardano's, Stocks, Michael Safai Organizations: Chartered, Federal, Metrics, U.S, Federal Reserve
☆ Cryptocurrencies fall as investors weigh the Fed's latest rate decision, bitcoin slides toward $25,000
  + stars: | 2023-03-22 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +1 min
Ether's superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called "the merge." Cryptocurrencies fell on Wednesday as investors weighed the latest policy decision from the Federal Reserve. The Fed enacted a quarter percentage point interest rate increase at the conclusion of its latest policy meeting, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. A 25 basis point increase was widely anticipated. The decision makes it the ninth consecutive interest rate hike and the second quarter-point increase in a row after a series of bigger rate hikes were implemented throughout 2022.
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