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 25, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, A sudden wave of fear came over the crypto markets last night as bitcoin and all the…
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Bitcoin’s travails accelerate. BTC was continuing its slow grind southward, passing $9,600, but then a left cross came out of nowhere, landing securely on its chin, driving it to $8,100 in a flash. Dazed and on the canvass for the count, Bitcoin seems to have lost all sense of stability. As the capital is sucked…
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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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It is always preferable to have a positive attitude about all things in life, but when it comes to investing, unfortunately, you must be aware of your potential downside in all situations. At those times, it is necessary to put the old “negative” hat on and decide what might make your world an inhabitable place…
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Bitcoin and its latest travails kept a bleary-eyed crew of analysts and traders awake through the night, as a sudden blast of cold wintry air from unknown parts knocked the token for a loop. As some astute observers remarked, the market share leader in Crypto-Land fell off a cliff, shedding $550 in minutes. The shockwave…
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The Trump Administration's policy decisions are taking a toll on a number of countries: from China to Argentina, governments are thinking of new, "innovative" ways to fight the economic sanctions imposed by President Trump and his office. North Korea is one of those countries. The latest news is that the country is currently working towards…
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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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The world tends to listen to economists, when they speak, especially when the Nobel award committee has recognized them for having achieved something grand in the discipline. We also like to joke about them, as well, i.e., if you laid all economists end to end, they still would not reach a conclusion. If you were…
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Bitcoin’s first decade has witnessed a seminal sea change in the way investors now evaluate a “currency” in digital terms, and with these changing times, an historical fact pattern has emerged like none other before it. Our lexicon is now filled with crypto phrases and abbreviations to beat the band. Pretty soon, especially for the…
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