Macroeconomic fears have gripped the bitcoin market over the past week, despite the appearance in price charts of a “golden cross” pattern that’s typically seen as a bullish indicator. A golden cross is when the 50-day moving average of an asset’s price climbs above its 200-day average. It happened in the bitcoin market on Sept. 15 for the first time in 15 months. But bitcoin’s price has receded by 12% to $42,000 since the golden cross appeared. “I think the market got itself a little too long,” Galaxy Digital CEO Mike Novogratz said in an interview on CNBC. During the 11 months following bitcoin’s previous golden ... (full story)