Tagbart smith

Not All Gloomy: 79% Drop of Bitcoin is Smallest Major Correction to Date

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Bitcoin (BTC) has experienced five major corrections to date, and the recent bear market of 2018 is the smallest major correction to date. As seen in a table shared by a renowned trader and technical analyst Peter Brandt, BTC experienced a drop of 79.7 percent in the past eleven months as its price declined from $19,500 to $4,035. On November 21, Bitcoin experienced a steep decline from $4,500 to...

Susquehanna Exec: Bakkt and Fidelity Could Solve Bitcoin’s Liquidity Issue

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Over the past week, the price of Bitcoin has dropped by more than 35 percent, and the majority of analysts in the crypto space have shared the sentiment that the crash was triggered by the contentious hard fork of Bitcoin Cash. According to Bart Smith, the head of digital asset at trading giant Susquehanna, a lack of liquidity in Bitcoin markets allowed the dominant cryptocurrency to be...

Newsflash: Bitcoin Price Slips Below Crucial $6,800 Support Level

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The worst does not appear to be over for the bitcoin price, as the flagship cryptocurrency on Tuesday slipped below $6,800, a mark that many analysts had pegged as a critical support level for BTC's short-term prospects. Bitcoin had spent the majority of the day trading above the $7,000 mark. However, as CCN reported, the market has been plagued by low volume in recent days, which is often an...

Bitcoin Price Preparing for a Breakout [But Must Hold Above $6,800]: Wall Street Trader

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One of Wall Street’s biggest crypto bulls said that the bitcoin price could be primed for a breakout, as long as it continues to hold near its present level at $7,500. Bart Smith, head of digital asset at Pennsylvania-based trading firm Susquehanna International Group, provided this analysis during an interview with CNBC, explaining that he is watching to see whether bitcoin continues to hit...

Susquehanna’s Crypto Chief Touts Bitcoin as the Best Cryptocurrency Investment

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The existing use cases of bitcoin give it an edge over other cryptocurrencies, the head of digital assets at Pennsylvania-based trading firm Susquehanna International Group, Bart Smith, told CNBC’s Fast Money on Tuesday. According to Smith, with these established functions of bitcoin which are already applicable today, the flagship cryptocurrency presents the best opportunities for investors in...

Wall Street's 'Crypto King' Says Regulatory Clarity Will Jump-start Institutional Investments

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Bart Smith, who was crowned "Wall Street's Crypto King" by CNBC, is optimistic that institutional investors will start pouring money into the cryptocurrency market once more regulatory clarity is provided. Smith heads the digital asset group at Pennsylvania-based investment firm Susquehanna International Group, which first experimented with bitcoin trading in 2014. Since then, the privately-held...

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