Recent news for Bitcoin:
The DOJ's recent recovery of the bitcoin stolen in the ransom of the Colonial Pipeline served as a bullish case for crypto. The fact that over 80% of the money taken by cybercriminals was recovered shows that it is not as difficult to track as we had it out to be. The US government's argument has always been that the decentralization and anonymity provided by crypto platforms is a major obstacle standing in the way of government endorsements. However, this recent discovery made by the DOJ helps to shed light on the digital market as a whole.
Cardano makes big moves:]
The rest of the altcoins tend to move in the same direction that bitcoin moves, and this tends to create many of the same trade setups in the market. Having that said, Cardano (ADA/USD) shows something promising on the fundamental side. Earlier this month, the coin and Nervos Network (CRB/USD) partnered on a project to what looks like a public network of cryptocurrency.
ETH 2.0 and Space Chain
Ethereum 2.0 is working to reduce blockchain energy consumption through proof-of-stake. They are also planning to send a beacon chain node in orbit to help reduce costs in the long run. Their plan is to maximize decentralization along with security. Zee Zheng, CEO of SpaceChain believes the future of crypto is literally among the stars as he plans to help take Ethereum 2.0 to outer space.
9/27/2021 Election results in Germany has German equities mostly flat on the day as investors are watching the Social Democratic Party take the lead in the polls. In Washington D.C., legislation is toiling to raise the US's debt limit, pass Biden's agenda and avoid a government shutdown from defaulting on federal aid with hundreds of […]
Hey everybody, this is a breakdown of some of the macro trends around Gold and some of the pressures it is facing from inflation and the Fed's potential rate hikes. Overview As of 09/26/2021, the Gold Continuous Contract is down -0.75% this week, and -3.79% for the month. Gold is currently caught in a limbo […]
Hey everyone! Welcome to this week's forex forecast for the week ending October 1st, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at USDJPY, GBPUSD, GBPNZD & XAUUSD. USD/JPY Price closed off for the week just above the resistance at 110.6 in this range bound market. Look out for how price […]