Cryptocurrency Analysis and News Portal
Crypto index fund provider Stack Funds has labeled yesterday’s pullback as a “healthy correction” that was needed before Bitcoin continues its upward trajectory. Bitcoin broke through $19,000 earlier this week after posting seven weeks of consecutive gains. According to the firm, the crypto has been at overbought levels since October, further
Read More
Galaxy Digital’s over-the-counter trading desk posted record volumes in the third quarter, signaling once again that institutional uptake of digital assets is on the rise. The company’s third-quarter earnings report showed a 75% year-over-year rise in trading volumes, reaching approximately $1.4 billion. The increase was attributed to an expanding counterparty base,
Read More
The price of Bitcoin (BTC) had to hold the crucial support level between $11,100-11,300, and it did. After this support test, the price of BTC continued to surge upward on Oct. 20, reaching the crucial resistance area between $11,900-12,200.This upward move came along with weakness in the dollar, as the
Read More
The U.S. stock market marches forward with strong momentum buoyed by optimistic earnings from tech giants. While there are no clear signs of correction, strategists see the emergence of warning signs as the markets enter a phase of “euphoria.” Economists foresee a continuous increase in the U.S. liquidity, which might offset risks
Read More
The long-awaited third block reward halving is less than a month away for Bitcoin, and sentiment indicators are pumping through the roof. Google searches for “Bitcoin halving” have seen an exponential increase in 2020, as per The Next Web, April 15, 2020. Sentiment Aloft The supply reduction that comes through as a result of Bitcoin’s
Read More
Stock market euphoria returned on Wednesday as the Dow Jones, Nasdaq, and S&P 500 pushed back towards record highs. This confidence in risk assets belies demand for safe-havens as the price of gold continues to surge. Concerns about risk-taking and the impact of the coronavirus are potential causes for
Read More