Following the Bitfinex/Tether alleged scandal and the sudden unexpected downdraft in crypto valuations, analysts have taken on a decided air of cautious optimism before venturing out on any unsure limbs in Bitcoin’s future. A few brave souls have reiterated their previous predictions, and there does seem to be consensus that BTC will pass the $6,200…
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The analyst community has become very cautiously optimistic of late, refraining from grandiose projections or near-term certainty over the perturbations of Bitcoin or any of its altcoin brethren for that matter. The alleged scandal with the management of Tether and Bitfinex was a bolt from the unknown, an event that was totally unpredictable, and as…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 7, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Bitcoin Aims for $6,200: Bitcoin has outperformed most traditional asset classes since the beginning of 2019. It…
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The crypto industry has a major problem with how trading volumes are reported to data aggregators like CoinMarketCap.com. Much of the volume is overstated for a variety of reasons, and complaints of “fake volume” permeate the industry. Numerous studies have been conducted that document the “fake” level and disclose the reasons for such misrepresentations, but…
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It is the season to pack away your warm clothing and bring out your lighter fare for the warming months ahead. It may also be the season to put away heavy “bear” suits and elect to wear whatever a “bull” would wear when prancing around Crypto-Land. It is said that a leopard cannot change its…
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April is now in the history books, and Bitcoin, to the amazement of its stunned critics, has outperformed once more, delivering positive gains for a third month in a row. These gains are even more remarkable when you factor in that a major scandal broke at the end of the month, regarding reserve funds at…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 1, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Bitcoin Grows Despite Crypto Winter: A study shows that bitcoin rose in awareness, familiarity, perception, conviction, propensity…
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Tom Lee, an accomplished Wall Street strategist and the Head of Research at Fundstrat Global Advisors, brings more to the table than your traditional analyst that studies his technical charts ad nauseam. In his role at Fundstrat, he is in daily contact with participants in every sector of the crypto economy and, therefore, has a…
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When Mati Greenspan, a noted crypto analyst over at eToro, speaks, people tend to listen to what he has to say. In a recent interview on all things crypto, Mati was asked the very question that no one seems to be able to answer – When will the SEC ever approve an application for a…
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Fear, uncertainty, and doubt, or “FUD” in crypto parlance, are powerful emotions that can cause a run on a bank, or, in the case of the beleaguered crypto exchange, Bitfinex, a run on exchange deposits. The weekend has passed since last Thursday evening’s shockwave that iFinex, Bitfinex, and Tether might have been engaged in an…
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