Bitcoin struggled through worrisome weekend trading, continuing its slow and gradual descent from yearly highs, but finding support around $9,500. For one brief moment, bears mounted a solid attack that drove BTC prices down to $9,110, but buyers quickly stepped in to boost it back to its current level of support. If you do the…
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Bitcoin just broke through $10,000, the third time this month, but it soon dipped below this psychological 5-digit barrier, which has turned formidable of late. As we noted in a previous article, the world’s favorite digital currency appears to be in consolidation mode, curiously forming its fifth stair step, since launching from $3,122 in late…
Read moreMati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 25, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, The reasoning wasn't entirely apparent to me at the time but thanks to a bit of crowdsourcing…
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At times, Bitcoin can be quite boring, if and when volatility drops and price points move about a significant psychological level for a few weeks at a time. This situation seems to be the case at the moment, but analysts are trying awfully hard to read more into short-term charts to determine the next possible…
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Facebook's Libra is getting traction as the project is going full speed ahead. However, it's not only the regulatory heat that Facebook has to deal with currently. Dozens of fake accounts are now claiming to sell Libra at a discount. The cryptocurrency is not released, yet scammers are all over the place. The information comes…
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Are they done yet? After weeks of hearing every crypto skeptic in town and then some express their unsolicited opinion of Facebook (FB), Project Libra, and, by association, all things crypto, it is time to let the dust settle, take a breather, and assess what valid criticisms lie buried beneath the carnage on the battlefield.…
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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 22, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights New UK PM Libra Sentiment Crypto Volumes Lagging Please note: All data, figures & graphs are valid…
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Last week may go down in history as a major turning point for Bitcoin. Attacks were coming from every quarter, as government ministers took aim at Project Libra, Facebook, and by association, Bitcoin and its altcoin brethren. Two weeks back, BTC had risen above $13,000, but Jerome Powell, the chair of the Fed, spoke negatively…
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The following article is courtesy of Nikolas Papas, Market Strategist, InvestingCube.com and ATFX. The Facebook (NASDAQ:FB) stock price increased by almost 55% this year and erased all of its 2018 losses; despite the growth of Facebook decelerated as legal costs and higher investments pressured its earnings, but the Instagram expansion largely offset those worries. On…
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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 19, 2019. The text below is an excerpt and does not contain the full analysis. Well, it finally happened... This shouldn't come as much of a surprise to anyone who's been watching the space.…
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