7/22/2021 The past couple months haven't been too good for the crypto market, in fact, the market saw a $90 billion loss since May. If you have kept up with the activity on Elon Musk's account, you might have seen how the majority of his tweets about dogecoin or bitcoin have greatly influenced the price […]
7/20/2021 Bitcoin has been under severe selling pressure since May of this year which has sent price back down below February levels at $29,000s. Bitcoin is already down over 6% on the week at the time of writing this. Meanwhile, crypto exchanges are getting lots of attention as COT reports an increase in long positions […]
7/9/2021 Private crypto firm, Bullish, has agreed to go public through a $9 billion deal with Far Peak Acquisition Corp (FPAC). This new exchange company will likely be set to go public near the end of 2021, according to news sources. Bullish is funded by Block.one which holds $10 billion in crypto assets and cash. […]
7/8/2021 Alabama Congressman, Barry Moore has reportedly bought cryptos coins such as Dogecoin, Ethereum and Cardano in an SEC filing from June 13. Since then, doge has fallen another 50% before hovering in the low 20 cent range. Cardano and Ethereum are down as well, so Moore has yet to make any money by the […]
7/6/2021 The Chinese government came after a chip making company and shut them down as their policies towards crypto mining and trading is banned in their country. They have also told businesses that they cannot discuss/advertise crypto in any way or they will risk getting shut down as well. Their claim towards the harsh prohibition […]
6/29/2021 Bitcoin jumps 5% on the day as former bitcoin bear bank, Morgan Stanley has purchased nearly 30,000 shares of the Greyscale Bitcoin Trust (OTCMKTS:GBTC) which appeared in their recent SEC filing causing the crypto to fly 6.15% this morning. They are one of the first banks to hold and offer crypto to their clients […]
6/28/2021 After China's restriction on crypto mining and transacting, The United Kingdom has decided to start their own policies toward the market. The Financial Conduct Authority has banned the largest trading platform in crypto known as Binance. There were conditions that the platform could not meet in its anti-money laundering requirements which caused the FCA […]
6/25/2021 What was seemingly awful news for bitcoin and the altcoin market has recently been given a positive spin by analysts. Their new take on the China ban explains that less centralized mining in China means more market share allocated elsewhere, aka Texas. One thought I had- which is just speculation- is if Venezuela and […]
GU Sinks, BTC Consolidates, SPX Hits All-Time Highs6/24/2021 GBP/USD Analysis GU on the 4H chart takes an aggressive bounce from support before retracing off resistance around 1.39997. GBP's bank rates were able to stay the same while setting policy to reach their 2% inflation target. The news might have caused price to fall this morning, […]
Crypto Stumbles to Lows, EU Awaits PMI Data, SPX Flat6/22/2021 EUR/USD Analysis EU bounces off support and oscillates between support and resistance from 1.19100 and 1.18700. German and French PMI data will report tomorrow which could add extra volatility in the market. The US also has PMI news coming out that day, so we can […]
