Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 1, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, As was widely anticipated, the US Federal Reserve did end up cutting their interest rate by 0.25%…
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It has barely been two weeks since President Donald Trump went on his tweet rant, attacking all things crypto, while his henchman, Secretary of the Treasury Steven Mnuchin, actually declared them a “national security issue”. The dust may still be settling, but the news is now that somehow the Department of Defense (DoD) must have…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 26, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, One question that investors constantly have to deal with is how much of the value of an…
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It seems that Bitcoin has one more skeptic, one who had yet to register his exalted opinion until this past Thursday. The “Tweeter-in-Chief”, President Donald Trump, let it be known via his infamous tweeting channel that he is not a fan of cryptocurrencies. His scorn also included Facebook’s Libra project: “If Facebook and other companies…
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Critics of Bitcoin have often pointed to its price volatility as an issue and reason why it could never be considered a secure “store of value”, but a Wall Street veteran of 22 years, Caitlin Long, has built an intellectual argument, which posits that, by design, the world’s favorite cryptocurrency provides systemic stability versus price…
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After rocketing toward $14,000, Bitcoin is now struggling to find support at the $10,000 level. It fell below this important benchmark for a short period, but has now rebounded back to the $10,600 plateau. Several noteworthy analysts predicted that a test of this territory had been missed weeks back and might occur, but others have…
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Bitcoin’s recent display of stable pricing behavior has given way in the past week to turbulent times, once again. Investors are witnessing the volatility to which they had become very accustomed, but just as violent swings in value became the norm, the world’s favorite cryptocurrency has slowly but surely regained its dominance in the crypto…
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After JP Morgan's alleged JPM Coin's launch came to life, another major US bank may be thinking of launching its very own digital coin. Goldman Sachs may be following in the footsteps of its biggest competitor. JP Morgan essentially becomes the first major US bank with its very own cryptocurrency. As Leaprate reported: "As reported…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 28, 2019. The text below is an excerpt and does not contain the full analysis. A bit of volatility comes back into the crypto market and everything goes haywire again. The market that was…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 24, 2019. The text below is an excerpt and does not contain the full analysis. A strong breakout above $10,000 over the weekend shows us just how hot bitcoin is at the moment. We'll…
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