Bitcoin-Gold-Stock Markets have been on investors’ radar throughout 2020. Interestingly, after Monday’s major sell-off in the stock market, BTC continues to show its strength and is trading above $13,4000 levels at press time. On Monday, Dow Jones (INDEXDJX: .DJI) corrected 650 points or 2.29 with other indices following the cue. This has been the biggest
The COVID-19 “lockdown discount” is now gone. Businesses are opening all over the world and subsequently, it is bringing back the bullish sentiments price to the crash as well. Yesterday, Bitcoin broke above $10,000 for the second time after the crash to lows at $3850 on Black Thursday crash of March 2020. NASDAQ index is
The COVID-19 ‘Black Thursday’ crash on March 12th began a strange, but strong positive correlation with the stock markets (0.6 at the peak) which now seems to be fading away. Moreover, the uptrend in both assets in the following weeks despite bearish sentiments further baffled the traders. Fundamentally, Bitcoin is looking to poise itself as
The current macroeconomic is one of pain across all markets. The sudden drop in demand for goods and services was evident in the oil market crash of 20 April 2020. Micheal Novogratz, the founder of Galaxy Digital and a former hedge fund manager noted in a recent CNBC fast money update on the oil crash that,
Bitcoin price plunged below $9000 mark yet again. What looked like a possible break above $10,000, has turned into longer days of consolidation. The narrative for Bitcoin [BTC] investment has taken many shapes and forms over the years. After its failure as a payment mechanism in 2016-2017, the ‘safe haven‘ narrative has become wildly popular.