Mati Greenspan, senior analyst for eToro, has been a voice of both reason and wisdom when it comes to all things crypto. Often sought out for comments about the pricing behavior of Bitcoin and its altcoin brethren, Greenspan has never shied away from expressing his thoughts on the state of the crypto industry. This week…
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Bitcoin is not a problem to be solved – It is a mystery to behold. Ancient writers may have writ this aphorism about life, but today it appears to apply to Bitcoin, as well. The entire analyst community is scratching its collective head today to ascertain the reasons why their beloved digital asset suddenly fell…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 24, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, On March 10th, 2017 the SEC in the United States took a decision to reject a bitcoin-backed…
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Ho-hum. The Bakkt exchange finally opened its doors, after thirteen months of built up anticipation, but there was no avalanche of institutional orders, no fanfare, only a plethora of articles in the press asking where was everyone hiding? The first transaction was for one BTC, pegging the price at $10,115. Another 17 BTC of orders…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 20, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Today is quadruple witching day on Wall Street, which is the perfect follow up for last week's…
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Analysts tend to get complacent when their favorite asset goes into ranging mode for an extended period of time. BTC has been range bound for more than thirteen weeks, hovering about $10,300, as if “low volatility” was its middle and last name. We have seen a dearth of recent outlandish predictions of how high the…
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eToro UK markets analyst, Adam Vettese, has provided his daily commentary on traditional and crypto markets for September 3, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Bitcoin Network Prepared for Bakkt Launch: Physically-settled bitcoin futures contracts are set to launch this month. Bitcoin’s hash rate continues…
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Suddenly, Bitcoin “watching” has become boring. There had been some expectations that this weekend might bring a groundswell of support, based on a contentious G7 meeting and the fact that S&P futures were in the toilet, due to tariff wars, but such was not the case. Yes, Bitcoin jumped up on Friday in anticipation of…
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In our new Internet Age, news cycles often turn over so quickly that yesterday’s storylines are soon forgotten, along with any important dates that could loom large in the future. Such is the case with Bitcoin, and particularly so since price behavior tends to gyrate wildly whenever news event of interest occur. For traders and…
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eToro UK markets analyst, Adam Vettese, has provided his daily commentary on traditional and crypto markets for August 19, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, This week may well be as volatile as last week. Attention will be focused on the Federal Reserve’s FOMC minutes…
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