Financial Industry News
Bitcoin price is still stuck in the mid-$30,000 range for weeks now, unable to break any lower or make an attempt to reclaim highs. After such a drastic 50% move down, the market is shaken and waiting for confirmation of direction before volume returns. Currently, the top cryptocurrency by market cap is at historically oversold […]
Continue ReadingThis week’s Fed meeting has been viewed hawkishly by the broader market, and asset prices reacted negatively to the plan to begin to raise interest rates come 2023. Bitcoin fell slightly putting a recovery in crypto on hold, while major stock market indices tumbled on the news. Volatility was even more significant in the traditionally […]
Continue ReadingBitcoin price is now trading at around $40,000, up from virtually worthless just ten years ago. Even despite the law of diminishing returns, the nascent financial technology has enormous upside potential still. Well known investors are beginning to take more notice – even mainstream names like Suze Orman are now recommending BTC to those young […]
Continue ReadingBitcoin and other cryptocurrencies are notoriously volatile, as the recent May selloff was a violent reminder of. The ongoing market cycle has been a walk in the park compared to the rollercoaster theme park ride of past cycles, which according to capital manager Dan Tapiero could be a sign that the first ever cryptocurrency is […]
Continue ReadingBitcoin is an asset for everyone, but that doesn’t mean whales don’t often swallow up as many coins as they can, with the intent of sometimes spitting them back out and causing a major wave across the market. Right now, on one of the most prominent cryptocurrency trading platforms on the market, a battle between […]
Continue ReadingBitcoin price action is what everyone cares most about, however, the health of the network the asset underpins can have a dramatic impact on price action as the market has recently witnessed. A massive drop to the hash rate, China cracking down on miners, and energy FUD all contributed to one of the worst selloffs […]
Continue ReadingThe recent Bitcoin bull market has attracted a lot more influential names these days. The CIO of Guggenheim Scott Minerd regularly speculates on crypto, Elon Musk is at the forefront of most conversations, and the Presidents of several countries are now adopting the cryptocurrency as legal tender. One of the most skilled names in technical […]
Continue ReadingWhere the king of cryptocurrency is in its current market cycle is up for fierce debate. Has Bitcoin topped? Or is it ready to bounce and carry on just like it did in 2017. Unfortunately, a “super” sounding technical indicator has flipped bearish on the first ever cryptocurrency – something that never once occurred in […]
Continue ReadingThe masses cheered as Tesla CEO Elon Musk added the Bitcoin hashtag to his Twitter bio, and later revealed his company would accept BTC for purchases. Since then, however, the moon man himself has done enormous damage to the crypto bull market structure, and to investor’s bottom lines. Worst of all, Musk is weakening the […]
Continue ReadingSentiment has sharply switched bearish on Bitcoin, and those that never liked the cryptocurrency in the first place are now out in droves doing further damage to the coin’s rep. The latest to add to fuel to the flames of FUD in crypto, is Amundi CIO Pascal Blanque, who says Bitcoin is a “farce,” is […]
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