“Sell in May, and go away” is an oft-heard phrase amongst equity investors. Its truth has been borne out by years of study of the historical record. The presumption is that traders and investors alike prefer to take holiday after May, returning some time in September to resume their daily regimens. During that period, volumes…
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Analysts and investors have quantified nearly a dozen fundamental drivers that have propelled Bitcoin forward over the past four months, but there is always room for one more. The latest argument to be supported by the evidence of the historical record is that geopolitical tensions are shifting the tides of capital flows more in favor…
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Volatility? What volatility? Where did it go? Suddenly Bitcoin seems to have forgotten its most identifying trait, to be the most volatile asset class in history. For the past thirty days, there have been several fits and starts, but the world’s favorite cryptocurrency has displayed fairly stable price behavior of late, as if Bulls and Bears had…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 11, 2019. The text below is an excerpt and does not contain the full analysis. It might have been a small update, or a large one, we really have no way of knowing. The…
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It is often said that politics and religion should never be discussed in mixed company, but in today’s digital age, you might want to refrain from discussing comparisons between Bitcoin and Gold, especially if there are any Gold Bugs in the room. The fact that comparisons are made is a mystery, but ever since its…
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Bitcoin Bulls and Bears seem to be honoring a “D-Day” truce, as market volatility has waned. The crypto leader has been ranging within tight boundaries between $7,600 and $7,800, but bears appear determined to bring about the 30%+ correction that everyone has been speaking to for weeks on end. One pundit accepts the “calm” as…
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Bitcoin prices were beaten down not once but twice over a period of six hours last evening. The initial hit drove the value down from roughly $8,500 to $7,700 and change. It slowly recovered, peaking above $8,000 for a bit, only to test support once more. Since that time, it has hovered about $7,800. It…
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If the Bitcoin blockchain is anything, it is transparent, but only to a degree. Yes, the history of every transaction since 2009 is present for public inspection at anytime, but only to the extent of endpoint addresses. The owner’s identity is the only thing missing, a fact which government authorities, law enforcement officials, and regulators…
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Analysts may have come up with a dozen fundamental drivers that have continued to propel Bitcoin forward from February onward, although June is shaping up to be a period of consolidation and reflection. There has been one other factor that has been mentioned occasionally, but no one has ever done the research to back up…
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Bitcoin is finally in a bit of a correction mode, down some $1,500 after attacking the $9,000 level, but a 17% drop is nowhere near the 30%+ correction that analysts have been prophesizing for weeks. In the past, anytime that Bitcoin has failed to deliver on its promise, whether monthly, weekly, or now daily, a…
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