Conservative investment advisors are of a different breed, especially when it comes to appraising the merits of cryptocurrencies. This part of the institutional investor arena will generally be the last ones to come to the crypto party, but not everyone of this genre is solidly in this “stay-away” camp. One of these contrary fellows is…
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A lot has changed in global commerce in 75 years, but there is one thing that has not – the dependence of global trade on the U.S. Dollar. As World War II was ending, one monumental meeting resulted in the formation of the World Bank, the International Monetary Fund, and the establishment of the U.S.…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for November 4, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Not Likely That BTC Whale Fueled 2017 Price Surge: The more likely narrative of what fueled the…
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After a severe “head fake”, Bitcoin has once again climbed from the depths of lowly depression, confounded every analyst alive and their first cousin, and risen like a rocket, if 39% in one day satisfies that definition. Yes, the “King of Resiliency” sits upon its throne once more. Bitcoin had lost 10% in one day,…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 24, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Of the many takeaways from Zuckerberg's appearance on Capitol Hill yesterday, the one thing that stood out…
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In some respects, we are back to old times where Bitcoin followers react to every tiny little wobbling that affects their favorite digital asset. The carnage from last week’s battle has been cleared from the battlefield, as investors regain confidence that Bitcoin might actually be on a road back to recovery. A cacophony of critical…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 2, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights BTC Demand in Hong Kong Reaches Record Highs: Well it’s hard to identify the source of trading…
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It has been one week since the opening of the Bakkt futures exchange, which many analysts and investors have claimed was a colossal failure and that it lead to the downfall of all things crypto in its subdued wake. As for the folks that prefer not to overreact at inconsequential news, these wiser voices have…
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Mysteries can be fun or evil, but you never get to pick beforehand. Bitcoin and altcoin hodlers are in shock. Their favorite digital assets have suddenly cratered for no oddly apparent reason, leaving everyone groping for the truth about who bombed the crypto train? Bitcoin had been coasting along at $10,000, only to plummet to…
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Bitcoin’s travails accelerate. BTC was continuing its slow grind southward, passing $9,600, but then a left cross came out of nowhere, landing securely on its chin, driving it to $8,100 in a flash. Dazed and on the canvass for the count, Bitcoin seems to have lost all sense of stability. As the capital is sucked…
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