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UBS's Global Wealth Management advises clients to be wary of bitcoin BTC-USD even as media reports suggest institutional money has entered in the margins with futures contracts, dedicated funds, and more mature know-your-customer processes. Bitcoin's "reserve risk" metric indicates the cryptocurrency is nowhere close to a major price top.
Bitcoin looks to have charted a rising wedge pattern, a sign of uptrend fatigue. The Federal Reserve has strengthened bitcoin's appeal as an inflation hedge, opening doors for a continued price rally.
RSI's bearish divergence indicates uptrend fatigue and suggests scope for a bull market correction. Data Bitcoin. Export data.
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Transaction Count 24h. Average Transaction Fee 24h. Value Transacted 24h. Category Currency.
Value proposition Digital gold. Any data, text or other content on this page is provided as general market information and not as investment advice.
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The idea of bitcoin as a hedge against inflation has continued to gain traction among investors. In this article. In this photo illustration, visual representations of the digital cryptocurrency, Bitcoin are arranged on January 4, in Katwijk, Netherlands.
VIDEO Chamath Palihapitiya on SoFi, social media, bitcoin and more.