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913 days ago

Bitcoin's jump to 48k changed its technical setup

According to Fundstrat, Bitcoin is holding to on its big Friday jump. The popular crypto jumped to $48,000 and has been trading around this level since, after having spent a week trading at $40,000. The breakout “looks important technically,” strategists at Fundstrat, the firm co-founded by Tom Lee, wrote in a report. “Prices have eclipsed weekly highs as well as one-month downtrends,” they said. While trends had turned negative a month ago, “Friday’s move is a big positive in helping to resolve this consolidation.” Source: Bloomberg, Fundstrat

Bitcoin's jump to 48k changed its technical setup

918 days ago

Bitcoin is having its worst month since May

The world’s largest coin slumped for a second day and is down roughly 12% this month, on track for its worst monthly performance since May, when it experienced a swoon that knocked it off its steady upward momentum. It’s also its fifth consecutive negative September and its worst since 2019. @Bloomberg

924 days ago

Gold or Bitcoin? Here are the pros and cons

One is a little older than the other and offers at least some kind of price stability, but the other one is easily divisible, is easy to hold, fast to process and can be used in transactions. Gold or Bitcoin, which asset is the right for you? Source: Bloomberg

#Commodities
Gold or Bitcoin? Here are the pros and cons

933 days ago

This measure of Bitcoin FUD says we're near a low

Social media sentiment indicator by Santiment has reached a low level histroically associagted with a bounce in the BTC price. 

#Macro
This measure of Bitcoin FUD says we're near a low

933 days ago

We're keeping a closer look at ETH; ETH is key to NFT hot run.

The NFT industry has exploded in popularity this year. There was more than $2.5 billion in sales volume during the first half of 2021 and it has only accelerated since then. Here you can see the weekly NFT buyers through the end of June consisted of both primary and secondary market participants. But all records are made to be broken. OpenSea, the most popular NFT marketplace, saw more than $3 billion in NFT sales volume just during the month of August. @TME

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