Financial markets are in turmoil. The forever feared interest rate inversion has occurred. When 10-year Treasury yields drop below those for 2-year Treasuries, it is an alarm that a recession is on the way, perhaps, within the next 12 months. This indicator is our most trusted and accurate one for predicting recessions, having been on…
Read more
The Bears cometh, and the Bears taketh away, from not only equities across the board, but also from Bitcoin and its altcoin brethren, as fears of an impending recession overly sway investor sentiments. That large sucking noise that you hear is the globe’s financial market being drawn into a “Black Hole” of frantic selling. Stocks…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 14, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Since landing in California last week, it's become very clear to me how quickly the retail landscape…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 13, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, National elections in a country like Argentina aren't usually something that has the potential to roil international…
Read more
Bitcoin analysts that populate Twitter take great pains in plotting every possible near-term movement that their beloved digital asset might traverse over the ensuing weeks, tapping into their favorite technical indicators and citing all manner of fundamental causes that will drive the price action. While the majority points to actions taken by Fidelity Investments, the…
Read more
The first half of 2019 has concluded in Crypto-Land, and this event has been accompanied by new research reports that delve into the hidden corners of all things crypto. Coinshares and Circle, two crypto data analysis firms, have each issued reports that purport that the amazing push behind Bitcoin’s meteoric rise during the first six…
Read more
Bitcoin has continued its assault upon the $12,000 barrier, while expanding its crypto market share dominance to 68.8%. Its share had been 66.5% only a few weeks back, but analysts are now projecting an 80% target, as altcoins weaken and fade away. A final reckoning may be occurring, where poor use cases may finally dictate…
Read more
Right on cue, Bitcoin arose from its “slumber party” and bludgeoned its way upward once more, taking out formidable resistance at $11,200 with ease, leaping beyond $12,000 for a spell, and now consolidating its rapid gains at $11,742. If you do the math, that is a hefty 14% gain in a matter of days, thereby…
Read more
Bitcoin is back to its old tricks of waiting until the weekend to make a positive leap forward. It had been ranging of late, unable to break out in any direction. If you went back to June, its fifth positive gain month in a row, BTC had been roundly repulsed from the $13,800 level. A…
Read more
In a much-anticipated dovish move, Fed Chairman Jerome Powell and his banking buddies capitulated to political pressure and market demand by cutting their benchmark interest rate by 25 basis points. Believe it or not, this was the first time that the Fed has cut its rate since 2008, which also meant that it was the…
Read more