Category: Markets and Prices
-
Peter Schiff Blames Government for the Massive Dollar Depreciation — Still Refuses to Accept BTC is Digital Gold
Gold bug and bitcoin opponent Peter Schiff says the U.S. government’s actions in the past 78 years are partly responsible for the massive depreciation of the U.S. dollar. Using a medical bill from 1942 to illustrate the extent of the dollar’s decline, Schiff says the $70 paid to foot hospital expenses that year was equal…
-
Report: November Sell-off by Long Term BTC Holders Does Not Signal an Approaching Bear Market
A recent Glassnode report says some long-term holders (LTHs) of bitcoin offloaded part of their holdings and cashed out their profits during a bull-run. Still, the report explains that the sell-off, which has been noticeable since late November, is not necessarily a sign of an approaching bear market. Instead, as the data shows, BTC is…
-
Market Watch by Fyookball: Price Is in a Tight Channel
BTC is often a good macro indicator for the entire crypto market, so this is a good place to start. Bitcoin (BTC) has recently surpassed its all-time high price just shy of $20,000, so it’s a unique time to zoom out and look at the weekly chart for the past several years. The last several…
-
Market Update: Bull Trap Warnings After Bitcoin Shoots Above $18k Handle
Digital asset markets have recaptured some of the losses taken three days ago, as a great majority of the crypto economy has started to rebound after the market rout. Bitcoin has climbed above the $18k handle once again and a myriad of crypto assets are up between 1-6% during the last 24 hours. After dropping…
-
Veteran Analyst Says BTC Might See Further Correction but ‘Prices Have Not Topped’
Following bitcoin’s sharp pullback on November 26, renowned trader Peter Brandt says BTC is likely to see a further correction, although he thinks prices have not topped. The comments follow the massive sell-off of cryptos that resulted in traded volumes of $8.5 billion being recorded across exchanges in just 24 hours. According to Messari, this…
-
Market Update: Crypto Prices Drop Fast, Bitcoin Loses $2K, Correction Considered Healthy
The price of bitcoin and a great number of digital assets plunged in value during the early morning trading sessions on November 26, 2020. Bitcoin’s price dropped from a high of $19,319 on Wednesday evening only to lose over $2,000 during the course of the morning hours (EST) on Thursday morning. Cryptocurrency markets have shed…
-
Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked
Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts…
-
Market Update: Crypto Asset Prices Spike Massively, Speculators Claim ‘Altcoin Season’ Is Here
A number of crypto-asset markets saw significant gains on Saturday, as a myriad of digital assets spiked between 4-40% in value during the last 24 hours. The entire crypto market capitalization had risen above $540 billion, as top-ten coin values from the likes of bitcoin cash, cardano and XRP jumped massively in value. On Saturday,…
-
Calling Tops and Bottoms: 2020’s Most Popular Bitcoin Traders and Analysts
Bitcoin and cryptocurrency trading is quite popular these days. With the price upswings and volatility in 2020, crypto traders have made and lost a lot of money. In the last few years, a number of digital currency enthusiasts have been attracted to professional traders and analysts routinely publishing technical analysis (TA) online. Crypto asset trading…
-
Hedge Fund Manager Brian Kelly Says Increasing Institutional Interest in Bitcoin Down to its Fixed Supply
Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency while taking away some of the perceived risks. Bitcoin Value…