Bitcoin Price slide, potential support at $3,400 or 78.6 percent Fibonacci level SEC may not approve Bitcoin ETF Reaction at $3,700 important for bulls In the short-term, sellers seem to be in charge and yesterday’s drop below our immediate support at $3,700 may lead to reductions towards $3,400. In the midst of this, we are…
It’s no secret that 2018 has been a tough year for the crypto markets, with Bitcoin dropping from highs of nearly $20,000 in late-2017 to recently established lows of $3,200. The market’s poor performance has led investors, analysts, and traders alike to ponder what impetus will be able to drive the markets back to their…
The current state of the cryptocurrency markets is leading investors to place a significant amount of their hope into future products and events, including the potential approval of the VanEck/SolidX Bitcoin ETF that is currently awaiting the U.S. Securities and Exchange Commission’s (SEC’s) approval. Despite this, one SEC commissioner who is notably bullish on cryptocurrencies,…
The crypto market at large sustained its turbulent price action this week, with Bitcoin (BTC) jolting up and down between key levels of resistance and support. However, in spite of the dreary price action, this industry’s participants kept their pedal to the metal, announcing a series of developments that piqued the interest of investors worldwide.…
Although relative non-action in crypto markets has continued, with prices stagnating en-masse, prominent institutions, such as Goldman Sachs and Tiger Global, still seem ready to pounce on what this nascent industry has to offer. Goldman Sachs Onboards Exclusive Investors For Bitcoin Products Per an insider scoop from The Block, Wall Street’s golden child, Goldman Sachs,…
As the cryptocurrency markets continue to range sideways and as market sentiment dwindles, investors should remember the events on the horizon that could lead to an imminent bull run. One analyst laid out how he sees the markets unfolding over the next couple of years. In recent months, investors have witnessed an unprecedented period of…
Financial advisory firm, DeVere, has officially launched an actively managed crypto investment fund that is geared towards experienced investors who are looking to capitalize from future growth in the cryptocurrency markets. DeVere’s chief, Nigel Green, spoke about the new fund, stating that the firm differentiates itself from a slew of cryptocurrency funds that already exist…
BlackRock, the world’s largest asset management firm, will not be offering a cryptocurrency exchange traded fund (ETF) until the markets are further legitimized. Despite the asset management firm’s CEO, Larry Fink, being bullish on blockchain technology, he still has reservations regarding cryptocurrency. Fink’s comments regarding the cryptocurrency markets came about during the New York Times Dealbook Conference…
Declining volatility in crypto markets has allowed startups, investors, and industry leaders to slow down, and postulate about the future of this nascent industry, catalyzing a series of positive developments. For one, in the past week, certain crypto-centric entities were awarded wheelbarrows of regulatory traction, with leading governmental agencies from Japan and the U.S. expressing…
While a majority of crypto-related news is sculpted for public consumption, in juxtaposition to the transparency that public blockchains provide, recently-released documents from the U.S. Securities and Exchange Commission (SEC) indicate that a paramount closed-door meeting recently occurred. VanEck: Our Bitcoin ETF Issues Have Been Resolved Two weeks ago, stowed far away from the prying…