As traditional equities have plummeted in value, especially Nasdaq-based technology stocks, interestingly, so has the Bitcoin (BTC) market. This seeming correlation was most recently exemplified by crypto’s tumble on Christmas Eve, as BTC fell from $4,200 to $3,800 as industry commentators were claiming that a “Santa Claus rally” was nigh. Other digital assets followed, with…
Key Points Bitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar. There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a downside break below…
Earlier this week, the crypto markets rose slightly and were able to regain much of their recent losses. This relatively small pump got many investors who viewed it as the “Christmas rally” excited for what was to come, although the bears pushed the markets back down on December 24th. Following this drop, the overall markets…
Key Points Bitcoin price corrected lower recently and traded below the $3,800 support against the US Dollar. There was a break above a short term declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely basing for a fresh upward move above the…
Eighteen years ago, on March 10, 2000, the Nasdaq Composite Index established a then-intraday peak at 5,132.52 before closing that day at 5,048.61. The day marked the beginning of what the world now calls a “dotcom bubble,” which eventually washed billions of dollars off the market, a market movement uncomparable to crypto. The financial markets in 2018…
This year the Boxing Day sales seem to have started a day early for anyone hoping to get exposure to the number one digital asset at a discounted rate. The Bitcoin price and those of other cryptos have been dropping hard since the clock struck midnight last night and this trend has continued since. At…
The controversial Canadian psychologist and right-wing thought leader Jordan Peterson has announced he will be launching an alternative to the popular content creation funding platform, Patreon. Peterson will be working with Dave Rubin and atheist intellectual Sam Harris on the project. The decision to abandon Patreon to form a new platform has been largely driven…
Key Points Bitcoin price struggled to gain pace above the $4,240 level and declined recently against the US Dollar. There was a break below a major bullish trend line with support at $4,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading below the $3,850 support and…
Anthony Pompliano, the founder of Morgan Creek’s “Digital” branch, has long been a zealot for the decentralist movement, lauding the crypto space for years on end. Case in point, each and every week, Pompliano, better known as Pomp to the crypto community, subjects his 179,000 Twitter followers to the “long Bitcoin, short the bankers” rhetoric…
As Bitcoin (BTC) collapsed in 2018, many naysayers and cynics claimed that the end was nigh for the world’s first cryptocurrency. Some critics drew attention to Bitcoin’s mining ecosystem, claiming that the hashrate drought would catapult BTC into a “death spiral,” whereas miners would flee en-masse. Others looked to stringent regulatory measures, claiming that legislature…