Bitcoin Reaches All-time High and Multi-Year Low – All Within 2 Days by Bogdan Giulvezan The last couple of days have been a roller-coaster ride for the flagship cryptocurrency: on October 20, it reached a new all-time high at $66,909 according to CoinMarketCap data and on some exchanges, it climbed as high as $67,016 (Bitstamp). […]
Get Ready For A Big Move In The Dollar by Bogdan Giulvezan The US Dollar rallied against its major counterparts since September, fueled by expectations that the Fed is set to begin tapering of the monetary stimulus sooner than initially expected, due to positive signs shown by the economy. Last week the Fed released the […]
Bitcoin Futures ETF in the Works. The Battle for the ATH Is On by Bogdan Giulvezan Today Bitcoin reached $60,000 for the first time since April and looks poised for additional gains as bullish pressure is mounting. The reason: the U.S. Securities and Exchange Commission (SEC) is likely to allow the first U.S. Bitcoin futures […]
Tapering Timeline Unflustered By Soft NFP Report by Bogdan Giulvezan Despite a disappointing U.S. Non-Farm Payrolls report released Friday, the US Dollar remained largely unfazed, as the majority of market participants are still hawkish on the start of the asset purchase tapering in November or December. The U.S. added only 194K new jobs last month, […]
Breakout! Bitcoin has finally managed to break key resistance and to print a new significant high above $55,500, successfully surpassing the early-September peak at 53,000. At the time of writing, the flagship cryptocurrency is up 23.55% for the last 7 days and continues to move north, which could mean that $59,000 resistance is the next […]
The U.S. Jobs Data – Last week the US Dollar climbed to a 14-month high against the Euro, as market participants estimated that the Fed will raise rates before the other central banks, and positive U.S. data came out. The Core PCE Price Index exceeded expectations, showing a 0.3% increase, while the ISM Manufacturing PMI […]
Bitcoin Gearing Up for Bullish Breakout The world’s most well-known crypto asset – Bitcoin – has gained more than 58% since the year’s low of $27,734 that was reached on January 4. For the last 10 days, the flagship cryptocurrency has been stuck in a range between $40,000 and $45,000, bouncing perfectly between the two […]
EUR/USD – Central Bankers’ Meeting, U.S. Inflation Last week was a rollercoaster ride for the US Dollar: on Wednesday it was boosted by the Fed’s announcement that it may begin to taper asset purchases as soon as November and that rate hikes may soon follow, but on Thursday it had the biggest drop in about […]
Bitcoin Enters Twitter, Erases Losses, and Gets Compared to Kenny by Bogdan Giulvezan Throughout history, Bitcoin naysayers called it “dead” hundreds of times. It’s dead because of this, because of that, it will never work, et cetera, et cetera… and yet here we are, with Bitcoin alive and well, used as a valid investment vehicle […]
BoE Uncertainty and Gas Prices Push Pound Lower by Bogdan Giulvezan On Monday the Pound hit a one-month low against the greenback, weighted by rising gas prices in the UK, as well as uncertainty regarding the Bank of England’s monetary policy which will be revealed this Thursday. On the other hand, the dollar’s safe-haven status […]