Cryptocurrency Analysis and News Portal
Thursday was a bloodbath for traditional and cryptocurrency markets. On the worst day of trading since 2020, Bitcoin (BTC) dropped over 7%, while the Nasdaq slipped over 5%. Many hoped for capitulation in the trade and crypto markets, and although the short-term outlook for Bitcoin looks weak, one analyst and some evidence would suggest
Read More
"I don't remember this level of bearishness amongst contacts and Twitter, even back on cycle lows in January," one fund manager said. Source
Read More
As such, it is probably more accurate to refer to bitcoin as an aspirational store of value. Yes, a borderless, permissionless, uncensorable, sound monetary system-of-value transfer with a predictable monetary policy is theoretically a great store of value, but until that narrative penetrates more than 100 million people, the other
Read More
The latest moves in crypto markets in context for April 1, 2022. Source
Read More
By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Last week there was a risk-on sentiment after the FOMC meeting where the Federal Reserve raised rates by
Read More
Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset. While the Fed is planning to raise interest rates to fight inflation, risk-on assets like crypto may suffer, as people would likely prefer to invest
Read More
Bitcoin (BTC) still gets criticized for being too volatile, but one Bloomberg analyst believes that it conversely is becoming a "risk-off" choice for investors.In a tweet on March 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that this year marked a watershed moment for the largest cryptocurrency.$400,000 BTC
Read More
Quick take:MassMutal Life Insurance recently purchases $100 million in BitcoinInsurance companies are known to avoid unnecessary risksThe 169-year-old insurance company buying Bitcoin is a sign that BTC is no longer a ‘risk-off’ assetBitcoin being sold now by miners and retail traders is increasingly being scooped up by institutional investorsThe herd
Read More
Stocks, oil, even gold are down on fears of resumed COVID-19 lockdowns, but bitcoin hodlers are keeping the faith. Source
Read More
Gold, bitcoin, and government bonds fell in sync on Wednesday, suggesting that investors are raising cash to tackle the disruption caused by the Coronavirus pandemic.The gold-to-dollar exchange rate dipped by as much as 2.73 percent to $1,487.66 an ounce shortly after the European market open. The yellow metal came under
Read More