Bakkt, the Intercontinental Exchange Inc. owned crypto subsidiary is in final stage talks with VPC Impact Acquisition Holdings to go public. A Bloomberg report confirmed that the Bitcoin futures market provider is planning to merge with the special purpose acquisition company firm VPC Impact at a combined valuation of $2 billion. Sources: Intercontinental Exchange's Bakkt is
Bakkt, the Intercontinental Exchange Inc. owned crypto subsidiary is in final stage talks with VPC Impact Acquisition Holdings to go public. A Bloomberg report confirmed that the Bitcoin futures market provider is planning to merge with the special purpose acquisition company firm VPC Impact at a combined valuation of $2 billion. Sources: Intercontinental Exchange's Bakkt is
After holding up well earlier this week against the stock market sell-off, Bitcoin finally enters correction slipping below the crucial $13,000 in a market-wide sell-off. At press time, Bitcoin (BTC) is trading 3.23% down at a price of $12,980 with a market cap of $240 billion. At press time, the overall cryptocurrency market looks under
After holding up well earlier this week against the stock market sell-off, Bitcoin finally enters correction slipping below the crucial $13,000 in a market-wide sell-off. At press time, Bitcoin (BTC) is trading 3.23% down at a price of $12,980 with a market cap of $240 billion. At press time, the overall cryptocurrency market looks under
Over the last few months, global investors have been largely celebrating their gains in the U.S. stock market. The tech sector has outperformed the indices, especially some of the top tech companies like Amazon, Apple, Alphabet, Microsoft, etc. However, when compared to the top-three indexes in the U.S. stock market, Bitcoin overwhelmingly outclasses them in
Over the last few months, global investors have been largely celebrating their gains in the U.S. stock market. The tech sector has outperformed the indices, especially some of the top tech companies like Amazon, Apple, Alphabet, Microsoft, etc. However, when compared to the top-three indexes in the U.S. stock market, Bitcoin overwhelmingly outclasses them in
Research around Bitcoins volatility in comparison with the equities included in the S&P 500 index reveals that Bitcoin’s realized volatility from the beginning of the year and a 90-day period is better than many stocks. The research finds, … bitcoin has exhibited lower volatility than 172 stocks of the S&P 500 in a 90 day
Research around Bitcoins volatility in comparison with the equities included in the S&P 500 index reveals that Bitcoin’s realized volatility from the beginning of the year and a 90-day period is better than many stocks. The research finds, … bitcoin has exhibited lower volatility than 172 stocks of the S&P 500 in a 90 day
The markets are green across all major assets, including stock markets, commodities and crypto. This is despite the rise of unemployment and economic slowdown. According to leading financial analysts, there are a number of factors at play which despite the facade of a bubble keeps pushing asset prices. There is a lot of liquidity in
The markets are green across all major assets, including stock markets, commodities and crypto. This is despite the rise of unemployment and economic slowdown. According to leading financial analysts, there are a number of factors at play which despite the facade of a bubble keeps pushing asset prices. There is a lot of liquidity in
Coinbase Inc., one of the most popular cryptocurrency exchanges is reportedly readying a direct listing on the stock market, according to sources. An independent researcher, *Walter Bloomberg, tweeted about the news first. Reuters also published a similar report a while back, further confirming the reports. EXCLUSIVE-COINBASE INC KICKS OFF PREPARATIONS FOR A STOCK MARKET DEBUT-SOURCES
Coinbase Inc., one of the most popular cryptocurrency exchanges is reportedly readying a direct listing on the stock market, according to sources. An independent researcher, *Walter Bloomberg, tweeted about the news first. Reuters also published a similar report a while back, further confirming the reports. EXCLUSIVE-COINBASE INC KICKS OFF PREPARATIONS FOR A STOCK MARKET DEBUT-SOURCES
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 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
The correlation between Bitcoin [BTC] and gold is at an all-time high. Moreover, looks like the de-coupling with the S&P 500 has happened completely as well. Bloomberg Intelligence: Bitcoin-Gold 52-week correl (0.43) at all time highs: pic.twitter.com/ci1y1ngMQr — light (@LightCrypto) June 9, 2020 The important point to understand here is why the S&P correlation held
The correlation between Bitcoin [BTC] and gold is at an all-time high. Moreover, looks like the de-coupling with the S&P 500 has happened completely as well. Bloomberg Intelligence: Bitcoin-Gold 52-week correl (0.43) at all time highs: pic.twitter.com/ci1y1ngMQr — light (@LightCrypto) June 9, 2020 The important point to understand here is why the S&P correlation held
The negative correlation of the stock markets with gold and Bitcoin continue to its trend. As reported yesterday, the two commodities (or digital asset) began an uptrend against the negative move in stocks. While the uptrend does not seem to hold, the negative correlation is getting stronger. Have We Hit Bottom? The rate of unemployment
The negative correlation of the stock markets with gold and Bitcoin continue to its trend. As reported yesterday, the two commodities (or digital asset) began an uptrend against the negative move in stocks. While the uptrend does not seem to hold, the negative correlation is getting stronger. Have We Hit Bottom? The rate of unemployment
Gold futures gained on Thursday as global socio-economic tension continue to linger. The price bounced back above $1700 after a two-day fall as the tension between the U.S. and China along with riots in the states have continued to create a tensed environment. The stocks opened slightly lower (negative 0.2%) today for the first time
Gold futures gained on Thursday as global socio-economic tension continue to linger. The price bounced back above $1700 after a two-day fall as the tension between the U.S. and China along with riots in the states have continued to create a tensed environment. The stocks opened slightly lower (negative 0.2%) today for the first time
The S&P 500 index moves above $3000 in less than three months from the COVID-19 crash in mid-march. With the weak economic projection and fundamental, this might come as a surprise to many. Nevertheless, the price action seems to be dominated by the Fed induced market liquidity. Thomas Lee, partner at Fundstrat tweeted, – analysts
The S&P 500 index moves above $3000 in less than three months from the COVID-19 crash in mid-march. With the weak economic projection and fundamental, this might come as a surprise to many. Nevertheless, the price action seems to be dominated by the Fed induced market liquidity. Thomas Lee, partner at Fundstrat tweeted, – analysts
Positive human trials for the COVID-19 vaccine seems to be turning the market sentiments to ‘risk-on’ mode again. Yesterday, the Dow Jones Industrial Avg. (DJIA) and S&P 500 index rose by 3.85% and 3.18%, respectively. Whereas, Gold and Bitcoin took a beating at the edge of a bullish breakout. On Monday, Moderna, Inc., an American
Positive human trials for the COVID-19 vaccine seems to be turning the market sentiments to ‘risk-on’ mode again. Yesterday, the Dow Jones Industrial Avg. (DJIA) and S&P 500 index rose by 3.85% and 3.18%, respectively. Whereas, Gold and Bitcoin took a beating at the edge of a bullish breakout. On Monday, Moderna, Inc., an American
Gold prices made a new yearly high yesterday. While the difference from the February highs is mere $4, $1751 compared to $1747, it is following a wide and deep trough caused by the massive COVID-19 dump. Since the ominous address made by the U.S. Fed Chairman, Jerome Powell, on Wednesday, gold has risen by 3.45%.
Gold prices made a new yearly high yesterday. While the difference from the February highs is mere $4, $1751 compared to $1747, it is following a wide and deep trough caused by the massive COVID-19 dump. Since the ominous address made by the U.S. Fed Chairman, Jerome Powell, on Wednesday, gold has risen by 3.45%.
The sentiments of the stock markets have been quite fragile, fluctuating between old adages and internet trolls. Elon Musk, the founder and CEO of Tesla yesterday caused a massive $15 billion wipe-out from the market capitalization of Tesla. The traders were irked by a personal tweet from the famous entrepreneur. Tesla stock price is too
The sentiments of the stock markets have been quite fragile, fluctuating between old adages and internet trolls. Elon Musk, the founder and CEO of Tesla yesterday caused a massive $15 billion wipe-out from the market capitalization of Tesla. The traders were irked by a personal tweet from the famous entrepreneur. Tesla stock price is too
Bitcoin [BTC] is back in the long-term bearish channel as the stock market correlation and pre-halving pump fail to break above resistance. Mati Greenspan, leading financial and crypto analyst marked that resistance from the 2019 bear channel still holds. The mid-line of the parallel channel has been has been a significant level for resistance and
Bitcoin [BTC] is back in the long-term bearish channel as the stock market correlation and pre-halving pump fail to break above resistance. Mati Greenspan, leading financial and crypto analyst marked that resistance from the 2019 bear channel still holds. The mid-line of the parallel channel has been has been a significant level for resistance and
Yesterday, Bitcoin [BTC] gained 13.4% on the spot exchanges as the price a formed high at $8900 on spot exchanges. Moreover, the top also filled a month old CME gap which was recorded on the week of the ‘Black Thursday’ crash. A derivatives and crypto traders, CryptoFibonacci, noted on about the next gap which was
Yesterday, Bitcoin [BTC] gained 13.4% on the spot exchanges as the price a formed high at $8900 on spot exchanges. Moreover, the top also filled a month old CME gap which was recorded on the week of the ‘Black Thursday’ crash. A derivatives and crypto traders, CryptoFibonacci, noted on about the next gap which was
Bitcoin [BTC] price closed at $7725 on a weekly scale. Nevertheless, the volatility in the short term has been considerably high with positions liquidating on both sides. The funding rate on BitMEX is still negative which suggests that the majority of traders are positioned short. On Huobi as well, negative BTC Basis indicated a bearish
Bitcoin [BTC] price closed at $7725 on a weekly scale. Nevertheless, the volatility in the short term has been considerably high with positions liquidating on both sides. The funding rate on BitMEX is still negative which suggests that the majority of traders are positioned short. On Huobi as well, negative BTC Basis indicated a bearish
Traders are currently net short on the stock markets as the global economy is heading into a recession. Nevertheless, the US government and international agencies have been desperately keeping the worst at bay, at the moment. Moreover, Bitcoin’s recent correlation with the stock markets echoes with similar sentiments as the price faces resistances from the
Traders are currently net short on the stock markets as the global economy is heading into a recession. Nevertheless, the US government and international agencies have been desperately keeping the worst at bay, at the moment. Moreover, Bitcoin’s recent correlation with the stock markets echoes with similar sentiments as the price faces resistances from the
The disbelief among traders grew stronger as the price action on crypto and stock markets continue bullish streak despite bearish sentiments. Bitcoin [BTC] price broke above $7000 the previous day as the price bounced from lows around $6,650. The price of Bitcoin [BTC] at 5: 30 hours UTC on 17th April 2020 is $7065. The next
The disbelief among traders grew stronger as the price action on crypto and stock markets continue bullish streak despite bearish sentiments. Bitcoin [BTC] price broke above $7000 the previous day as the price bounced from lows around $6,650. The price of Bitcoin [BTC] at 5: 30 hours UTC on 17th April 2020 is $7065. The next
Has or Hasn’t Bitcoin [BTC] answered the Safe-Haven Call? Last year, Bitcoin [BTC] price rose from $4200 to $14,000 beginning the correlation with gold, in the face of the US-China Trade War. Currently, it stands a bigger confluence level that last year with the COVID-19 crisis. Moreover, in April the sentiments of the traders were
Has or Hasn’t Bitcoin [BTC] answered the Safe-Haven Call? Last year, Bitcoin [BTC] price rose from $4200 to $14,000 beginning the correlation with gold, in the face of the US-China Trade War. Currently, it stands a bigger confluence level that last year with the COVID-19 crisis. Moreover, in April the sentiments of the traders were
