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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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 3, 2019. The text below is an excerpt and does not contain the full analysis. In 2014, SES was ranked by Fortune as the 534th richest company. Boy how times have changed. Over the…
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Analysts tend to get complacent when their favorite asset goes into ranging mode for an extended period of time. BTC has been range bound for more than thirteen weeks, hovering about $10,300, as if “low volatility” was its middle and last name. We have seen a dearth of recent outlandish predictions of how high the…
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The crypto financial press has been inundated with recent articles discussing Bitcoin dominance and how it might be sounding the death knell for Altcoins. An Altcoin death narrative seems a bit extreme a position to take at this juncture in the crypto evolutionary cycle, but authors are speaking in terms like “survival of the fittest”…
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After more than one decade, Bitcoin continues to be the market leader according to its share of overall crypto market capitalization. Yes, dominance dropped drastically during 2017, when altcoin development projects flooded the market, but Bitcoin had clawed its way back to a 50% share by the close of 2018. It remained so until this…
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Recovery, then steady as she goes, or so goes another average week of Bitcoin range bound trading. The good news is that BTC did rebound from a $9,300 dip that weighed heavy on Bitcoin enthusiasts, who had begun to give up hope of even the possibility of another major rally toward an All-Time-High (ATH). Such…
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Over the past two months while Bitcoin has been range bound, there have been a multitude of explanations for its sluggishness and inability to leap forward from its $10,000 perch. As for what could happen next, there are just as many predictions, primarily based on technical interpretations of the pricing “tealeaves”, but at times like…
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Concern is growing within the Bitcoin analyst community of late, since its 30-day volatility measure has been dipping from a recent high of nearly 130% to a current low of 64%. BTC has earned a reputation for being the most volatile asset class in history, and for good reason, but its latest descent has confused…
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As a stablecoin, Tether has clout in the market, as it should since it is by far the largest version of this “special use” type of token. The “USDT” reportedly has reserves to the tune of $3.5 to $4 billion, many multiples higher than its closest competitor. Skeptics have accused its management team of cavalierly…
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What a difference a week makes, or does not make in the case of Bitcoin’s progress toward a new All-Time-High (ATH). Based on favorable news about the launch of the Bakkt exchange in late September, BTC buyers were numerous at the start of the week, driving prices up to strong resistance at $11,000, only to…
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