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If Bitcoin Passes $14K, Analysts Say Traders ‘Should Look to $20,000’ Instead of Looking Back
27.10.2020
While bitcoin prices touched all-time 2020 highs on Tuesday, a few analysts say they are expecting only a few more hurdles to surpass the 2017 all-time high (ATH). For instance, the market analyst from Etoro, David Derhy, says to look to $20,000 instead of back at $12,000. A few traders and popular...
Bitcoin analysts say this BTC metric is in ‘belief zone’ for the first time in 15 months
27.10.2020
Glassnode data finds Bitcoin has entered the "belief zone" for the first time since the July 2019 top, indicating a bull cycle is nearing
Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles
24.10.2020
The entry of Paypal into the cryptocurrency industry continues to expose the divide between traditional crypto space players who are less enthusiastic and non-crypto players who endorse the move. Non-crypto players like the analysts at Morgan Stanely are agreement with the notion that the payments...
Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K
21.10.2020
Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained 5.6% hovering above $379 billion during the afternoon trading...
Institutions Long and Hedge Funds Short: Bitcoin Options Traders Prep for ‘Big Moves’ Ahead
20.10.2020
Trends in bitcoin options markets are making it difficult for financial analysts to pinpoint BTC’s next move. Data from CME’s recently published trader report shows that institutional investors are capturing a larger number of bitcoin long contracts, while hedge funds are showing...
Bitcoin Price Dips 3% on OKEx News, Analysts Aren’t Too Worried
16.10.2020
While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely
World’s Growing Stockpile of Negative-Yielding Debt a Positive for Bitcoin, Say Analysts
15.10.2020
The search for profit is likely to intensify with amount of global debt offering negative yields more than doubling in the past seven months
Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze
9.10.2020
Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340...
Bitcoin Must Now Beat $11.2K for Bull Revival, Say Analysts
9.10.2020
Bitcoin has woken up from its recent slumber. But a, bull revival needs a break above $11,200
Analysts Can’t Agree What Prompted Big Spike in New Bitcoin Addresses
7.10.2020
New bitcoin addresses have spiked this month, with one industry exec pointing to traders moving funds off the legally troubled BitMEX exchange. Others disagree
DeFi Darling yearn.finance Crashes 60% From ATH, Analysts Still Optimistic
6.10.2020
Known as one of the hottest decentralized finance (DeFi) tokens of the year, yearn.finance’s YFI token is now down by close to 60% from its all-time high just over three weeks ago.
At the time of writing (11:50 UTC), YFI was down by 6% over the past 24 hours, and down by just over 31% over...
DeFi Sell-Off Just ‘a Pullback,’ Boom Not Over Yet - Analysts
24.9.2020
Despite a recent slump in the prices of many popular DeFi-related tokens, the ‘DeFi summer’ of 2020 is not over yet, analysts claim.
According to data from Coinpaprika, the absolute majority of the tokens that are listed in the site’s ‘DeFi’ category are now in the red over the past...
Bitcoin Realized Cap Soars, Analysts Divided on Near-Term Outlook
24.9.2020
With bitcoin (BTC) still trading lower both on a weekly and daily basis, a new high in a key price metric shows that investors in recent years have continued to accumulate coins at ever-higher prices. However, opinions still seem to be divided on what the near-term outlook for the bitcoin price...
Equity Markets Turmoil Could Push Bitcoin Below $10K, Say Analysts
22.9.2020
Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar
UK Mulls Over Negative Interest Rates, US to Keep Near Zero Rates for Years
18.9.2020
The Bank of England is now seriously considering implementing negative interest rates while the U.S. Federal Reserve has pledged to keep interest rates near zero for years. Some analysts say even the Fed will soon consider negative interest rates. Meanwhile, many expect a boost to the price...
Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top
15.9.2020
According to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows...
Future Tesla S&P 500 inclusion may lead to Bitcoin price rally — Analysts
10.9.2020
Tesla and Bitcoin price surged higher after recovering from a sharp correction, leading analysts to take a closer look at the BTC to S&P 500 correlation
V-Shaped Recovery From Bitcoin’s Biggest Drop Since March Unlikely, Say Analysts
4.9.2020
Despite a slight bounce Friday morning, some analysts don't expect bitcoin to chart a quick recovery from the double-digit price drop over the last two days
$1 Trillion in Housing Bonds: US Real Estate Crisis Held Back by Fed’s Mortgage Purchases
3.9.2020
The U.S. real estate market is facing a conundrum, as there’s now a tidal wave of renters who can’t pay rent and a massive number of mortgage defaults stacking up like never before. Amid the looming real estate chaos, the Centers for Disease Control and Prevention (CDC) enacted public...
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation
2.9.2020
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another...