Tag: stimulus

Oct 21 2020

Bitcoin Crosses $12K as Pelosi and Mnuchin Near Stimulus Deal

Bitcoin rose on renewed optimism for the second coronavirus stimulus package, while the US dollar plunged. House Speaker Nanci Pelosi said a bill for the compromised aid is on the way after confirming a fruitful, 45-minute telephonic conversation with Treasury Secretary Steven...

Oct 16 2020

Bitcoin on Way for Weekly Loss on Fading Stimulus Hopes

Oct 16 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt okex steve mnuchin

Bitcoin slipped on Friday as it looked sure to close the week at a loss in the remaining three days of trading. The benchmark cryptocurrency was down $230, or 2 percent, to $11,279 per token by 0456 UTC. It lost 0.7 percent so far in the week. Its downside mood resurfaced as the US...

Oct 14 2020

Should Bitcoin Traders Worry About Third-Quarter Earnings’ Outcome?

The dilemma was the same at the beginning of July 2020: could or could not Wall Street earnings influence the Bitcoin price trend? Entering October 2020, the market has some clues about it. The post Should Bitcoin Traders Worry About Third-Quarter Earnings' Outcome? appeared first on CoinStats Blog.

Oct 08 2020

Key Bitcoin Takeaways from Fed’s September Meeting Minutes

Bitcoin rose by more than 200 percent from its mid-March nadir at one point this year, supported by the Federal Reserve's unprecedented expansionary policies. But minutes from the US central bank's meeting last month showed their officials disagreeing on implementing their new policy frameworks. Some officials noted that they would need to clarify their final words around the purchases of Treasurys and mortgage-backed...

Oct 07 2020

Troubles for Bitcoin Grow as Analyst Spots “Potential Death Cross”

Bitcoin is on the verge of painting a Death Cross. The technical chart pattern–which forms after an asset's short-term moving average closes below its long-term moving average–holds credibility for predicting bearish markets. In the stock market crash of 2008, for instance, many investors credited Death Cross for...

Expect a Short-term Setback in Bitcoin Market, Asserts OKCoin Exchange

Bitcoin is bracing for a bearish impact in the short- to medium-term, according to OKCoin. The San Francisco-based cryptocurrency exchange cited data from IntoTheBlock, a blockchain intelligence platform, that painted Bitcoin's two out of seven on-chain fundamentals as...

Oct 06 2020

Bitcoin Analyst Sees “Accumulation Signals” as Price Eyes Breakout

The Bitcoin price expects to grow higher in the coming sessions as a historically accurate indicator flashes signs of substantial accumulation. Spotted by TradingShot, an independent market analysis portal, the "on-chain smart money indicator" shows that influential traders/investors are...

Oct 05 2020

Bitcoin Weekly Outlook: Stimulus Bill, Trump’s Health Remain Key Drivers

Bitcoin has started recovering from the losses it incurred after the American authorities filed criminal charges against the owners of BitMEX, a crypto exchange, last week. The benchmark cryptocurrency jumped by up to 3.82 percent from its session low, hitting $10,759 in the early Monday trading session. Its uptick showed that traders are willing to ignore the...

Oct 01 2020

Hopes of Last-Ditch Stimulus Prompt Bitcoin to Target $11K This Week

Bitcoin was firm in the early Thursday trading session as new signs of progress emerged in negotiations over the second coronavirus stimulus. The Donald Trump administration agreed to increase the size of the aid to $1.5 trillion – a trillion-dollar higher than their previous proposal. Steven Mnuchin, the US...

Sep 28 2020

Hopes for Bitcoin Rally as Americans Prepare for Second Coronavirus Stimulus

Steven Mnuchin was one of the biggest catalysts behind the Bitcoin rebound last week. The US Treasury Secretary, known for having an ill-opinion about the cryptocurrency, sat alongside his knee-shaking buddy, the Federal Reserve Chairman Jerome Powell, before the Senate Banking Committee on Thursday. He testified about the coronavirus's impact on the US economy and... The post Hopes for Bitcoin Rally as Americans...

Sep 23 2020

Bitcoin is Eerily Copying Gold Trends; Analyst Fears Breakdown

Bitcoin is laggingly tailing the gold chart trends, and it may face trouble for its delayed correlation. That is due to the precious metal's latest breakdown move, wherein the price broke out of a Symmetrical Triangle pattern to the downside. Incidentally, Bitcoin is now...

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