Reportedly, Warren Buffet has bought 21 million shares of Barrick Gold. A gold mining company which has maintained a strong correlation with movement in Gold. What Changed Warren’s Mind? In a statement from his previously held believes, Buffet stands for a counter-trading strategy to make money in the market. He says that the rhetoric of
According to the prediction model using the superimposition of average gains post halving, the price is on a similar bullish track, as it was in the last two times. It’s been more than three months since the 3rd Bitcoin halving took place, and the market is starting to confirm its positive positive effect. Miner Selling
Bitcoin [BTC] hashrate post halving has returned to its highs again, with positive reports on increasing additions. According to two popular indicators based on the mining statistic, the buy signal is almost here. When miners capitulate, it signals one of the scariest trends in price. In the past, these have signalled bottoms in Bitcoin prices
Bitcoin price seems to be reacting negatively to the increased uncertainty in the equity markets. The apprehensions around the second wave of COVID-19 and rising debt crisis is acting as resistance to the rise in the S&P 500 index. On the other hand, while gold has been holding on to its’ gains during these times, Bitcoin
Bitcoin remains unshaken despite the horror of joblessness across the U.S growing to record levels. BTC/USD holding to the current support level builds confidence for a boost past $7,000, analyst In what has been described as one of the worst released jobless claims reports, worse than even the worst of economists’ predictions, over 6.6 million
Trump addresses the US at 9: 00 pm from Washington D.C. confirming that the pandemic scare is real. The escalation in quarantine measures extends to NBA and Europe Air Travel Suspension (except Britain) for the next 30 days. Hollywood star, Tom Hanks and his wife announced that they are affected by the virus as well.
The Center for Diseases Control and Prevention issued a warning letter calling the citizens to be prepared to take “disruptive measures” in face of the deadly virus. This threatens imposition of laws like school dismissals, social distancing, and so on. Consequently, the stock markets plunged over 7.8% with a huge gap at market open. Moreover,