Here’s What Bitcoin’s Strong Weekly Close Says About Its Present Outlook
Bitcoin posted a strong weekly close yesterday afternoon, which is what allowed the cryptocurrency to see an overnight
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outlook
Ethereum’s Mid-Term Outlook Remains Extremely Bullish Despite Today’s Drop
Ethereum has seen some rocky price action over the past few days, with sellers gaining clear control over
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Weaker US Dollar Pushes Bitcoin Towards $12K; A Weekly Outlook
In a week that will see the world central bankers convening a virtual conference on the future of
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Lack of Unique Bitcoin Circulation a “Concerning” Sign for Its Mid-Term Outlook
It has been another boring day for Bitcoin. While many of its smaller counterparts incur intense uptrends, BTC has largely been trading sideways, forming an incredibly tight trading range between $9,100 and $9,100. Analysts are now scratching their heads as to what could come next for the benchmark digital asset, as
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Ripple’s Garlinghouse Says China Leads US in Crypto Regulatory Outlook
Ripple CEO Brad Garlinghouse said he considers China ahead of the U.S. as both countries wade the regulatory waters of the burgeoning crypto space.As part of the Chamber of Digital Commerce’s Parallel Summit on July 17, Garlinghouse expressed admiration for China’s approach to the crypto space. “In some ways I’m
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There’s a Key $12 Million Buy Wall Boosting Bitcoin’s Immediate Outlook
After attempting to break below $9,000 on Sunday, Bitcoin has mounted somewhat of a comeback.As of the time of this article’s writing, the cryptocurrency trades at $9,350. This is the highest BTC has traded in over a week.BTC price chart from TradingView.comWhile some doubt it can make it past the
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A $9,000-Retest Likely for Bitcoin as BTIG Relays Negative S&P 500 Outlook
Bitcoin is at risk of plunging towards $9,000 on a negative outlook for the S&P 500 index.Wall Street firm BTIG LLC has warned that the U.S. benchmark could correct towards the lower end of its current trading range.The downside move in the index could lead investors to offset their losses
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Ethereum Competitors Bolstered by High Fees, But ETH‘s Outlook Remains Strong
There has been a boom in demand for Ethereum in recent times, with much of this stemming from the explosive growth of the DeFi sector.Although this demand has yet to result in any type of bullish price action, it does appear that its growing utility is bolstering its macro outlook.That
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Bitcoin and Gold Will Be Unaffected by 2020 Market Tumult: Bloomberg Outlook
[sociallocker id="55298"] Despite the current market uncertainties some pundits point to gold and Bitcoin (BTC) as suitable hedges against future downturns. BTC remains of the best performing assets, maintaining its decoupling from mainstream stocks. Bitcoin and Gold as Hedge Against Uncertainties According to June 2020 Bloomberg Commodity Outlook, Bitcoin and gold will
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Blockchain Bites: a16z’s Cyclic Crypto Thinking and Grin’s Grim Outlook
FalconX raised an inflation-adjusted equivalent to Facebook's 2005 Series A, Bakkt has unveiled $600 million in total insurance cover and Andressen Horowitz anticipates another age of growth. Crypto trading platform FalconX closed a multimillion seed round led by Accel, a venture capital firm that took a gamble by investing early
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