Quick take: The US economy shrunk by 32.9% in the second quarter of 2020. This is the deepest decline since the US government started keeping records in 1947. Bitcoin’s fate tied to that of the stock...
Quick take: The amount of Bitcoin in user accounts on crypto exchanges is low. There has been no significant increment in deposits to exchanges since BTC broke $11k. This suggests more crypto investors prefer to store...
In brief: What looked like a sure altseason, has been slowed down by Bitcoin pumping past $11k. Bitcoin’s dominance in the crypto markets has experienced a massive rebound. BTC’s push above $11K has stolen the show...
Quick take: Bitcoin has bulldozed the $10K psychological price level before dropping back to $9,900. This move by Bitcoin had been predicted by Timothy Peterson of Cane Island Alternative Advisors. His prediction had set a mid-August...
In summary: John Bollinger has warned that Bitcoin needs to keep moving up or risk printing a head-fake. Bitcoin is having a hard time breaking and holding the important $9,600 price level. However, recent news developments...
In brief: China has ordered the US to close the American consulate in Chengdu. This move is in retaliation to the United States ordering the closure of China’s consulate in Houston. The back and forth between...
Quick take: The OCC has formally given the green light for US banks to offer crypto custody solutions for their customers. Bitcoin (BTC) and Ethereum (ETH) have rallied as a result. US Banks being allowed to...
Quick take: Tether’s (USDT) market capitalization has just hit $10 Billion. USDT has cemented its number 3 spot in terms of market cap. Tether’s daily transaction volume is slowing catching up to that of Bitcoin and...
In brief: Bitcoin has broken the important $9,300 resistance level. The swift move by Bitcoin from around $9,150 to $9,350 has brought back much-needed volatility. Crypto Twitter has welcomed the move up by Bitcoin. BTC still...
Quick take: The daily Bitcoin futures trade volume is constantly decreasing. One reason for the decline could be the summer season in the Northern hemisphere providing traders with activities to do other than trading. Bitcoin is...
Quick take: Bitcoin seems to have shaken off the effects of the Twitter hack. The King of Crypto is still trading within a tight range above $9,100. With the weekend about to kick off, $8,900 is...
Quick take: Twitter has experienced one of its greatest hacks to date that has affected accounts of prominent global personalities and companies. The coverage of the Twitter hack by Mainstream media highlights Bitcoin as the digital...