Chain News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency market is cooling off from a major rally during the past few days that saw the global market capitalization blowing off the roof and breaking past $1 trillion for the first time in weeks. However, the market seems to be getting ready to consolidate again. Crypto prices are consolidating In recent weeks, the volatility across the cryptocurrency market has been significantly low, with Bitcoin trading in a manner that nearly reflected a stablecoin. The volatility of Bitcoin was even lower than some fiat currencies. However, an unexpected spike in volatility was seen earlier this week, with $1 billion in short positions recorded. While the bullish rally made it appear that most cryptocurrencies would rally to monthly highs, it now seems like the market could consolidate again. During the past 24 hours, Bitcoin has dropped by around 2% to $20,166. During the period, the largest cryptocurren...

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects the bear market to get much worse, adding that this recession will be the worst in his lifetime. “We are probably going to have one last rally but that will be it,” he predicted. “Then we are coming to the end of the line. Be worried.” Jim Rogers on the Worst Recession in His Lifetime Famed investor Jim Rogers shared his view about the U.S. economy in an interview with Business Today, published Monday. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. He was asked if right now is “the beginning of an impending recession, the worst ever like it’s been predicted by some.” Rogers replied: Well, before this is over, yes, it’s going to be the worst in my lifetime. “In 2008, we had a problem because of too much debt,” he explained. “But since 2009, the debt e...