Bitcoin Weekend Trading Volumes Shows Institutional Interest: Mati Greenspan
May 27th, 2020
Bitcoin [BTC] price has been stalling in the $8800-$9000 range, as traders in the space are working to fathom the bullish or bearish narrative. Apart from that, in the past, there has been also debating around retail vs. institutional factors driving the markets. The crypto bubble in 2017 was essentially led by retail demand, and eventually,…
Bitcoin Price Analysis: BTC/USD Big Picture, Why $10,000 Must Come Down For Further Gains?
May 27th, 2020
Bitcoin is focusing on sustaining the uptrend but a break above the long term trendline is critical for continued growth. BTC/USD must hold above the 50 SMA in the weekly range to avoid possible declines likely to test triangle support. Bitcoin is facing the ongoing struggle under $9,000 simply because it failed to break above…
Bitcoin Price Analysis: BTC/USD Bulls Focused On Destroying $9,000 Hurdle
May 26th, 2020
Bitcoin recovery from recent support at $8,600 stalls above $8,900 but eyes still glued at $9,000. BTC/USD must step above $9,000 soon to avert possible refreshing of $8,600 support due to bears’ gaining traction. Bitcoin price has since the weekend session been unable to clear the resistance at $9,000. This follows the losses that tested…
Bitcoin Prepares for Volatility with CME Contracts Expiration this Week
May 26th, 2020
With the CME Bitcoin monthly futures contract expiry set to occur this Friday, the market can expect a lot of volatility. Moreover, as the Open Interest (OI) is significantly large, the price moves could be of large proportions. The futures investors are not motivated to take delivery of the contracts, especially the ones trading on…
Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges
May 26th, 2020
As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation. Goldman Sachs’ Bitcoin Call for Clients New York City-headquartered investment…
Bitcoin Price Analysis: BTC/USD Trading Near $9,000 Resistance After Testing $8,600, What To Expect?
May 25th, 2020
Bitcoin price weekend bearish action finds support at $8,600. BTC/USD remains in the hands of the bulls in spite of the bulls’ inability to sustain gains above towards $9,000. Bitcoin succumbed to more selling action during the weekend session. The price extended the bearish action from last week’s resistances between $9,200 and $9,300 to levels…
This Is Not Capitalism: How Covid-19 Shined a Light on America’s Fascist System
May 24th, 2020
In the last few months, giant American corporations and financial incumbents that are subsidized by the U.S. government, have profited immensely during the coronavirus outbreak. This has caused certain groups of people and those who despise wealth to claim that “capitalism is broken.” However, today’s system, that’s currently practiced in the U.S. and many other…
US Real Estate Crisis: Home Sales Plunge to 9-Year Low, Mortgage Delinquencies to Soar Past Great Recession Level
May 24th, 2020
The US real estate market is facing a crisis as unemployment soars amid the coronavirus pandemic. Home sales have plunged to a nine-year low and a record-high number of homeowners are defaulting on their mortgage payments. The impact of the real estate crisis is also seen in rental and commercial real estate markets. Massive Declines…
Bitcoin Mining Hashrate Expected to Rise Towards May End in China: Report
May 22nd, 2020
Bitcoin [BTC] mining hash-rate has dropped to March lows after as inefficient and old generation miners are being driven out by low profitability. Nevertheless, the arrival of the flood season by the end of the month is expected to cause an uptrend in hash-rate with the availability of cheap electricity. Miners Asked to Side-Step China…
Bitcoin Investors Worry As Price Nosedives Under $9,000: What to Expect Ahead Of The Weekend Session
May 22nd, 2020
Bitcoin is seeking balance above $9,000 after a minor recovery from the weekly low at $8,750. BTC/USD is technically poised for more upward price action as long as support at $9,000 is defended at all costs. Bitcoin spiraled further over the last 24 hours after actively drumming on the critical $10,000 level without success. Investors…