Category: Investing
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Cartoon: The Challenges of Liquidity
Cryptocurrencies require an even distribution of sellers and buyers to create a healthy, liquid market. However, many cryptocurrencies have an insufficient number of buyers, and therefore rapidly fall into a frozen state that is very hard to reverse. In this context, bitcoin floats relatively close to the top. The post Cartoon: The Challenges of Liquidity…
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Bitcoin Price Analysis: Bulls Reverse Entire Bearish Drop
[youtube https://www.youtube.com/watch?v=06Z53F38peM?feature=oembed&w=640&h=360] Summary: A $1,500 candle proved bullish resolve for the bitcoin price as the entire bearish drop that occured this week was engulfed. The market is currently testing a major level in the $8,800s and there is a potential short squeeze setup that could propel the market even further. There are a ton of…
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Huobi Japan Raises $4.6M for Expansion
The Japanese branch of cryptocurrency exchange Huobi has raised about $4.6 million in equity funding by issuing new shares to Japanese financial services company FPG Corporation. Huobi Japan announced the move noting that the raised funds will be put toward expanding its business. Huobi has been working to expand for quite some time. Based in…