{"id":102502,"date":"2018-11-28T21:45:31","date_gmt":"2018-11-28T21:45:31","guid":{"rendered":"https:\/\/www.bnreport.com\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/"},"modified":"2018-11-28T21:45:31","modified_gmt":"2018-11-28T21:45:31","slug":"bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/","title":{"rendered":"Bitcoin rises after a terrible month, don’t call it a bottom yet"},"content":{"rendered":"

By Eric Lam<\/strong><\/p>\n

Bitcoin<\/a> is headed for the biggest gain since July, providing some welcome relief to battered cryptocurrency investors<\/a> \u2014 but it may be too soon to call a bottom.<\/p>\n

Thats the assessment of Kenetic Capitals Jehan Chu after the largest digital token rallied on Wednesday, climbing 5.8 per cent to $3,987 at 11:23 a.m. London time. Gains in Ether and XRP helped propel the Bloomberg Galaxy Crypto Index to a 6 per cent increase, paring this months rout to 37 per cent.<\/p>\n

\u201cWhat we are seeing is not yet a bottom, but a short-term buying opportunity,\u201d said Chu, managing partner at Kenetic Capital, a blockchain<\/a> investment and advisory company. \u201cUntil we have broader adoption of decentralised applications, it will be hard to find a firm floor.\u201d<\/p>\n

One technical indicator had suggested Bitcoin was due a short-term bounce. The cryptocurrencys relative strength index dropped to a record this month, according to Bitstamp<\/a> prices that incorporate weekend trading, signaling it may have fallen too fast.<\/p>\n

Bitcoin is on course for its largest advance since July 24, according to Bloomberg composite prices.<\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a>
\n[contf]
\n[contfnew]
\n <\/p>\n

ET Markets<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

By Eric Lam<\/p>\n

Bitcoin is headed for the biggest gain since Ju..<\/p>\n","protected":false},"author":1,"featured_media":102503,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-102502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nBitcoin rises after a terrible month, don't call it a bottom yet - Business News Report<\/title>\n<meta name=\"description\" content=\"By Eric Lam Bitcoin is headed for the biggest gain since Ju..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin rises after a terrible month, don't call it a bottom yet - Business News Report\" \/>\n<meta property=\"og:description\" content=\"By Eric Lam Bitcoin is headed for the biggest gain since Ju..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-28T21:45:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-15-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1070\" \/>\n\t<meta property=\"og:image:height\" content=\"580\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Bitcoin rises after a terrible month, don’t call it a bottom yet\",\"datePublished\":\"2018-11-28T21:45:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/\"},\"wordCount\":195,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/photo-15-3.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/\",\"name\":\"Bitcoin rises after a terrible month, don't call it a bottom yet - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/photo-15-3.jpg\",\"datePublished\":\"2018-11-28T21:45:31+00:00\",\"description\":\"By Eric Lam Bitcoin is headed for the biggest gain since Ju..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/photo-15-3.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/photo-15-3.jpg\",\"width\":1070,\"height\":580},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin rises after a terrible month, don’t call it a bottom yet\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin rises after a terrible month, don't call it a bottom yet - Business News Report","description":"By Eric Lam Bitcoin is headed for the biggest gain since Ju..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin rises after a terrible month, don't call it a bottom yet - Business News Report","og_description":"By Eric Lam Bitcoin is headed for the biggest gain since Ju..","og_url":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2018-11-28T21:45:31+00:00","og_image":[{"width":1070,"height":580,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-15-3.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Bitcoin rises after a terrible month, don’t call it a bottom yet","datePublished":"2018-11-28T21:45:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/"},"wordCount":195,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-15-3.jpg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/","url":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/","name":"Bitcoin rises after a terrible month, don't call it a bottom yet - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-15-3.jpg","datePublished":"2018-11-28T21:45:31+00:00","description":"By Eric Lam Bitcoin is headed for the biggest gain since Ju..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-15-3.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-15-3.jpg","width":1070,"height":580},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/bitcoin-rises-after-a-terrible-month-dont-call-it-a-bottom-yet\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Bitcoin rises after a terrible month, don’t call it a bottom yet"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/102502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=102502"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/102502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/102503"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=102502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=102502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=102502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}