Most major cryptocurrencies have seen strong buying at lower levels, which shows traders remain interested in buying the dips. Although Bitcoin (BTC) has weathered the current crisis and come out on top, Goldman Sachs only focused on the March 12 fall in a presentation to its clients. Using liberally interpreted information, Goldman appears to be […]
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Goldman Sachs starkly disagrees with Mike Bloomberg on cryptocurrency as an asset class worthy of investment interest. According to a leaked PowerPoint slide, Goldman Sachs, in a May 27 call discussing the U.S. economic outlook, stated that cryptocurrencies are not an asset class. The wording of the slide appears to discourage its clients from investing […]
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The price of Bitcoin dropped to $8,600 and is now fluctuating just above $9,000, showing high volatility as several factors make its next step unclear. The price of Bitcoin (BTC) dropped to as low as $8,600 on May 25 as retail investors on Coinbase led an abrupt short-term downtrend. The price has since fluctuated between […]
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Bitcoin price is struggling to reclaim $9,000, leading investor sentiment to turn bearish on BTC’s short-term price action. Bitcoin (BTC) price had a relatively muted day as the digital asset traded between $8,700-$8,885. Currently, the price remains below the ascending channel trendline and the daily candle closed as a neutral doji, showing bulls and bears […]
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Despite Bitcoin’s bearish price action, top traders on Binance Futures are aggressively longing cryptocurrencies, including Bitcoin and Ethereum. The majority of top traders on Binance Futures are longing Bitcoin (BTC), Ether (ETH), and 8 other cryptocurrencies. In fact, more than 50% of traders are long on 10 crypto assets despite the current decline in the […]
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Bitcoin faces a crucial weekly close, the mystery of coins moved for the first time in 11 years, and Times Square billboards call for the release of Ross Ulbricht. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation […]
Continue ReadingA sideways week for Bitcoin will not come as a surprise but BTC is still poised for a big move soon as it hobbles inside a tightening range. Last week, Bitcoin (BTC) looked poised for a huge move up to $11,000. Instead, we saw a sidewards week of price action coupled with a small pullback. […]
Continue ReadingBitcoin price looks shaky after dropping below $9.3K support but still remains in a general uptrend since March even if another pullback occurs. The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has seen a spike towards $10,500 before the halving took place on May 11. However, the price of Bitcoin has been […]
Continue ReadingA few major cryptocurrencies are in an uptrend and they could offer buying opportunities in the short-term. For some reason, Bitcoin (BTC) analysts never take the middle path. They either project that the price will go to the moon or warn of imminent doom. After surviving and thriving for over a decade and being one […]
Continue ReadingThe COVID-19 pandemic has revealed serious problems of the currently existing financial system as well as the Bitcoin’s benefits over it. As many economies slowly begin opening up again, their stability remains uncertain. 2020 will go down in the history books as the year financial markets suffered their worst day since 1987 and oil’s value […]
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