Tag: nasdaq

Nov 11 2020

Bloomberg Analyst: Bitcoin’s Link With Nasdaq Being Broken Favors Continuation

Nov 11 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin has given a powerful buy signal that demanded the financial world begin paying closer attention to cryptocurrencies. The recent momentum has also caused the top crypto asset to "decouple" from the stock market. Thus far, it has been primarily crypto analysts shouting about the coming decoupling, but now even Bloomberg Intelligence senior commodity strategist Mike McGlone says that the divergence away from...

Oct 28 2020

Bitcoin is Sucking Liquidity Out of Every Major Market, Charts Show

Oct 28 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency gold

On Wednesday, Bitcoin evangelist and Wall Street investor Raoul Pal published a series of charts that pitted the cryptocurrency against major financial markets. Every graph appeared identical to one another, for they showed how the mainstream assets/indexes were trending lower against...

Oct 27 2020

Bitcoin Escapes Stock Market Sell-Off on Booming Safe-Haven Appeal

An overnight attempt to crash Bitcoin alongside the US stock market met with extreme resistance as the cryptocurrency bounced back handsomely. The BTC/USD exchange rate lost $465, or 3.51 percent, after the New York opening bell Monday. The pair fell to as low as $12,785, only to find a considerably...

Oct 03 2020

SEC Chairman Jay Clayton Backs Innovation In Crypto, But Warns of Any Tricky Play

Oct 03 2020 Published at Coingape under tags  bitcoin etf btcusd btcusdt jay clayton nasdaq

Speaking at an event by the Digital Chamber of Commerce, SEC Chairman Jay Clayton opened up his views about cryptocurrencies and blockchain. The U.S. Securities and Exchange Commission (SEC) has been going hard after...

Sep 29 2020

Bitcoin Decouples from Gold, Stocks after Overnight Sell-Off, What’s Next?

Bitcoin did its own thing during the late Monday trading session. The benchmark cryptocurrency plunged suddenly towards $10,600 after maintaining intraday gains above the $10,800-support all day. The sell-off appeared despite a healthier macroeconomic outlook led by signs of progress...

Sep 24 2020

Bitcoin May Break Below $9K on Wall Street Correlation: Stock Analyst

Any attempts from Bitcoin to secure higher price levels may fall short as long as its correlation with the US stocks sustains. So predicts Ronnie Moas, a stock market analyst heading Florida-based research firm Standpoint Research. He said in an early Thursday tweet that Bitcoin might fall by another $400 (or more) in the coming sessions. The expected downside move should come if...

Sep 23 2020

3 Crucial Reasons Why Bitcoin Could Fall Below $10K This Fall

Bitcoin faces the prospects of breaking below $10,000 after failing to extend a rally that pushed its price up by 70 percent earlier this year....

Sep 22 2020

Analysts Explain Why Bitcoin Bearish Correction Could Turn Worse

Bitcoin is trading almost 17 percent below its year-to-date high near $12,500. And, according to analysts at TradingShot, the downside bias is about to turn a lot worse. The independent market analysis portal spotted the benchmark cryptocurrency testing the support of a...

Aug 12 2020

MicroStrategy Buys Massive 0.1 Percent Of Total Bitcoin Supply

In the midst of massive quantitative easing, a global pandemic and uncertainty for the future of the U.S. dollar, a whopping 21,454 BTC was just swiped off the market by intelligence and mobile software company MicroStrategy. Bitcoin Twitter picked up on the news yesterday when Matt Walsh and Nic Carter shared...

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