Two recent announcements from the U.S. government on the improvement of trade with the European Union and its economic rival, China, are faring well for the stocks market. However, it seems to be causing a downturn in Gold and Bitcoin. Worries around inflation are also not bading well for the ‘safe haven’ assets. The U.S.
New highs in SPX seems to be acting as a catalyst for the drop in Bitcoin and gold. However, the devaluation of the US Dollar might build bullish fundamentals. The stock market opening on Tuesday was quite eventful as asset prices across commodity, currency and crypto markets moved drastically. $SPX new ATH. Let that sink
Bitcoin [BTC] has broken out above $12,000 for the third time this year after a long built of anticipation. Confirmation of current levels for the digital currency targets $13,000 next. And, it could be approaching fast. The Day of the Break-out? According to leading derivatives trader, Tone Vay’s technical view, the price is very bullish
Another effort by Bitcoin [BTC] bulls to surpass $12,000 gets rejected with a flash drop to lows at $11,500. According to Datamish, the move liquidated $30 million in Bitcoin longs. Nevertheless, the market is witnessing a quick reversal to $11,950 looking to break resistance around $12,000. The trader sentiments are bullish despite the drop. It
The correlation between Bitcoin and gold grows stronger even as these assets are forging new highs. Gold breached the $2000 level to log a new ATH, while Bitcoin is trading above $11,500 as well. The stock markets, on the other hand, are led by tech companies as NASDAQ hits new highs, but again, is laid
Bitcoin [BTC] peer-to-peer trading volumes record new highs in India, South Africa, Ghana, Kenya, Argentina and Chile. The data is compiled from Localbitcoin and Paxful at UsefulTulips. It was brought to light by Kevin Rooke, an independent researcher. Only last week, Rooke, notified about the highs in four of the above-listed countries with the addition of
Bitcoin [BTC] futures volume and open interest on institutional platforms like CME and Bakkt are at All-Time Highs. The surge began around 27th July with the 11.08% break-out above $11,000. The monthly futures price in contango further confirms the bullish inclination of the large OI. Contango implies that the price of future month contracts is