Bitcoin’s Death Cross Confirmed: Why This Time Might Be Different

Bitcoin’s Death Cross Confirmed: Why This Time Might Be Different

Quick Read Bitcoin (BTC) formed a death cross on November 16 when its 50-day moving average crossed below the 200-day moving average. Bitcoin dropped 25% from its October 6 peak of $126,000 to below $90,000. BlackRock’s IBIT saw $1.26B in net outflows in mid-November amid record Bitcoin ETF withdrawals. It sounds nuts, but SoFi is giving new active invest users up to $1k in stock, see for yourself (Sponsor) Bitcoin (CRYPTO: BTC) has triggere…

Business Brief: Bitcoin’s ‘death cross’ and other files to follow

Also in today’s edition: The Great British Ache Off

Business Brief: Bitcoin’s ‘death cross’ and other files to follow

Good morning. Canada’s economy might have found its sea legs; the U.S. labour market is weakening; and the cryptocurrency market has lost more than US$1-trillion in value since bitcoin’s all-time high – last month. In focus today, the stories...