Veteran hedge fund manager Paul Tudor Jones on Wednesday criticized the Federal Reserve’s quantitative easing policy.He warned that the central bank might lose track of the inflation that would follow its unprecedented bond-buying programs and lower interest rates.Tudor Jones last month announced that he is investing in Bitcoin as a protective measure against inflation.Billionaire hedge…
Bitcoin failed at yet another attempt to break bullish above $10,000 on Wednesday.The cryptocurrency’s sharp pullback from the crucial resistance level has raised its possibilities of falling towards $8,800.One prominent analyst sees the breakdown as an opportunity to launch a bull run above $10,000.Bitcoin could be at risk of crashing towards $8,800 this month, according…
Bitcoin got a special mention in a journal penned by Paul Britton, the CEO & Founder of Capstone Investment Advisors.The hedge fund manager recommended asset allocators to think about alternatives to government bonds, such as “cryptocurrencies.”The statement took cues from the sovereign assets’ inability to insure 60/40 portfolios after the Federal Reserve slashed interest rates…
Spot bitcoin fell was down 1.32 percent at $9,659 per token ahead of the New York opening bell Friday.Bitcoin futures slid 1.82 percent to $9,715.The move downhill appeared as the U.S. futures headed higher following jobs report at 0830 ET.Bitcoin prices eased ahead of hugely awaited U.S. jobs report on Friday as investors pinned their…
Bitcoin bulls eye a $20,000 yearly close against the Federal Reserve and the European Central Bank’s expansionary policies.Dan Morehead, the CEO of Pantera Capital, noted that the bitcoin market is already outperforming other assets since the Fed launched an unlimited bond-buying program in March 2020.With ECB following a similar quantitative easing policy, it could prove…
Spot bitcoin fell 1.45 percent to $9,501 as of 0900 UTC as the U.S. dollar rebounded from its seven-day plunge.The cryptocurrency’s downside move surfaced ahead of a fresh U.S. trade and unemployment data release at 0830 ET on Thursday.The U.S. stock market, which remains positively correlated to bitcoin, also dived as investors booked short-term profits.Bitcoin…
It appears Bitcoin missed a medium-term upside target above $11,500 after undergoing a significant sell-off in March 2020.The major northward move had appeared out of a Falling Wedge breakout.Bitcoin reentered the Wedge after the crash and followed it with a breakout towards a new bull target near $9,500.The cryptocurrency is still eyeing $11,500.Bitcoin is sending…
Bitcoin eyes market growth heading into June as yuan falls to its lowest levels in eight months.Both assets have shown an erratic negative correlation in the past.Goldman Sachs sees yuan falling to its 2008 low, raising possibilities of an explosive price rally in the Bitcoin market.With halving in rearview, Bitcoin traders are now looking at…
Bitcoin breaks below $9,500, a crucial support level, a day after breaching it to the upside.The cryptocurrency pared its intraday gains ahead of Donald Trump’s retaliating press conference on China’s national security law for Hong Kong.Its downside move laggingly tailed a similar price action in the S&P 500. The U.S. benchmark closed Thursday down 0.2…
Gemini, the crypto asset exchange founded by the Winklevoss Twins, has become the first exchange to partner with Samsung, the companies announced on Thursday. Samsung will be integrating Gemini in the Samsung Blockchain Wallet, allowing users to transfer their holdings from gemini into self-custody.Gemini Announces Collaboration With Samsung Blockchain WalletWhen Samsung revealed that its newest…