Pinduoduo: Pinduoduo is another Chinese e-commerce firm with a Nasdaq listing, that has enjoyed a huge share price rally in 2020 so far — jumping by more than 50%. The company reports its Q1 earnings results on Friday morning New York time, after being downgraded from a buy rating to neutral by a Bank of…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 13, 2020. Cryptoassets plunged to their lowest levels for almost a year and Asian markets saw continued selling overnight. Bitcoin briefly acquired a valuation less than $4k but has now rebounded and is challenging the…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for November 20, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: BTC Drops to Lowest Level Since October: This below-$8000 level suggests markets hitting bear market territory. On the flip…
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The Bitcoin rollercoaster ride continues, but at the moment, it is at the starting gate, taking on new riders, i.e., consolidating, if we wish to shift metaphors back to trading parlance. Advocates were preparing back in August to head south for the winter, but a month later, after Bakkt fizzled, their bags were packed and…
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Bitcoin may has astonished critics across the globe with its nearly $2,000 run up in a single day, but there is one analyst that discounts any of its current movements or even the halving event next year. His premise is that a major run up will occur in roughly a year, as a result of…
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After a severe “head fake”, Bitcoin has once again climbed from the depths of lowly depression, confounded every analyst alive and their first cousin, and risen like a rocket, if 39% in one day satisfies that definition. Yes, the “King of Resiliency” sits upon its throne once more. Bitcoin had lost 10% in one day,…
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It is always amazing how any deflation in Bitcoin prices can bring out the skeptics in the crowd. After Bitcoin’s latest “Flash Crash”, analysts, who were afraid to show their faces for months on end, are now flooding the streets with dire predictions of another “Crypto Winter” or that government officials have finally signaled the…
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Parliament stymies Boris Johnson and his Brexit aspirations. Trade talks show no progress, and China releases worst economic data in three decades. A trio of news stories that could wreak havoc in financial markets and send capital fleeing for safe havens, but not to Bitcoin, at least not yet. The world’s favorite digital asset had…
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In Bitcoin-Land, enthusiasts are always circling important dates on their calendars for events that could rock the crypto world, but no event commands the same respect, as does Bitcoin’s halving happening in May of 2020. In both 2012 and 2016, similar halving episodes gave rise to massive appreciation in the months that followed. Can the…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 18, 2019. The text below is an excerpt and does not contain the full analysis. Hey Joe... I heard you shot Bitcoin down. And that ain't cool. For those of you who don't know,…
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