NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Why Bitcoin Could Frustrate Bulls And Bears In 2022

Reynaldo Marquez
Reynaldo Marquez
1 year ago
2 mins read
Picture of gold bitcoin on top a circuit board

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has been on a downtrend for the past days recording a 1.8% loss in 24 hours and a 10.5% correction in seven days. The benchmark crypto seems to be reacting to macro-economic factors and could see further downside in the short term.

Related Reading | U.S. Mining Company Marathon Now Holds 8,133 BTC. And They’re Not Selling It

As of press time, Bitcoin trades at $42,076 after testing the levels around $40,500. Remains to be seen if current levels will hold and if the crypto market will experience recovery or continue its downside trend into the $30,000s.

Bitcoin BTC BTCUSD
BTC on a downtrend in the 4-hour chart. Source: BTCUSD Tradingview

Today’s sell-off was apparently triggered by the release of the U.S. unemployment report. In December 2021 around 200,000 new jobs were added to this country’s economy, far below the expected number above 400,000.

BREAKING: +199,000 jobs added in December, a major miss from the consensus estimate of +422,,000. pic.twitter.com/s3Vgv2pRdr

— Squawk Box (@SquawkCNBC) January 7, 2022

This has increased the possibility, alongside the rise in inflation metrics for the U.S. expected to hit around 7% in the upcoming CPI reports, that the U.S. Federal Reserve will increase interest rates. Thus, creating less favorable conditions for the global market and risk assets, such as Bitcoin.

As NewsBTC reported yesterday, some experts believe risk assets could see shaky months and blood in the short to mid-term, but ultimately benefit from a rise in interest rates. Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone remains confident that Bitcoin will hit $100,000 in 2022.

On a different note, Director of Global Macro for investment firm Fidelity, Jurrien Timmer, thinks Bitcoin will “frustrate” bulls and bears alike. Many of the former expect a quick bounce towards McGlone’s price target, while the latter investors are targeting $30,000 and much lower. Timmer said:

If real rates stay negative, gold and bitcoin could do well this year. But the “excess money” impulse (M2 growth less GDP growth) has all but vanished. Perhaps both gold and bitcoin will continue to frustrate bulls and bears alike by doing very little in 2022.

Bitcoin BTC BTCUSD
Source: Jurrien Timmer via Twitter

Bitcoin To Keep “Crab-like” Price Action In 2022?

Timmer further explains that Bitcoin, Gold, and other assets have reacted positively to an increase in the U.S. monetary supply. As the FED attempts to implement changes in its monetary policy, BTC could underperform.

In the first half of 2021, the benchmark crypto saw an impressive rally as the FED contributed to the global increase in liquidity. BTC then moved sideways in the $30,000 to $60,000 range as the macro-economic outlook shifted. On this topic, former BitMEX CEO Arthur Hayes wrote:

Since M2% growth stalled, Bitcoin has traded sideways. If M2 is set to hit 0% — and possibly even go negative — in short order, the natural conclusion is that Bitcoin (absent any asymptotic growth in the number of users or transactions processed via the network) is likely to go much lower as well.

In any case, the 2022 outlook seems more complicated than expected and could be mined with surprises and unexpected twists.

Related Reading | TA: Bitcoin Consolidates Below $45K: What Could Trigger Another Decline

Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

アルトコインの代表格イーサリアム(ETH)の価格予測:4,000ドルに向かうのか?このチャートパターンが「YES」と示す理由

イーサリアム(ETH)は過去24時間で7%上昇し、取引量は90%以上も急増しています。 アルトコイン市場のトップ銘柄であるETHは、他のデジタル資産が軟調な中で10.3%の月間上昇を記録しており、非常...

Yohei Hanazato 3 hours ago
BTC Bitcoin

仮想通貨投資の注目銘柄:ビットコインが109,000ドル突破、BTC Bull Tokenが700万ドル調達でプレセール終了間近

ビットコインは現在急騰中で、6月13日時点で109,600ドルを記録し、日中3.8%の上昇を見せています。 この勢いの中で、新しいミームコイン「BTC Bull Token」が注目を集めています。プレ...

Yohei Hanazato 3 hours ago
Solaxyが次世代の隠れた仮想通貨プレセールプロジェクトである理由

仮想通貨 1000倍の可能性:Solaxyプレセールが4700万ドル突破、ローンチまで残り5日

Solaxy(SOLX)は現在、最終プレセールフェーズで4700万ドルを突破し、2025年で最も急速に資金調達を進めるプロジェクトの一つとなっています。この強い需要は、投資家がSolaxy(Solan...

Yohei Hanazato 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Trump

Trump Media Makes Moves On Bitcoin And Smartphone – What’s Next?

Christian Encila 34 minutes ago

Hossa na rynku kryptowalut właśnie się zaczyna: najlepsze altcoiny do kupienia teraz

Zieliński Michał 1 hour ago

Solana ETF sú bližšie k schváleniu. Využite nárast SOL s týmto tokenom

Karol Paták 2 hours ago

Premium Sponsors

Top Brands

Press Releases

  • LandDAO to Bring Land NFTs Backed by Real-World Assets...

    2 hours ago
  • 仮想通貨プレセール終了|SOLXの今後と初期投資家に訪れるチャンスとは?

    ...

    4 hours ago
  • 仮想通貨おすすめ|初期段階で注目される次世代プロジェクト3選

    ...

    4 hours ago
  • Nový DeFi coin posílil o 76.6 %, zatímco Solana a Tron trpí kvůli tržní volatilitě

    Nový DeFi coin posílil o 76.6 %, zatímco Solana a Tron...

    4 hours ago
  • ...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.