Fundamental view: Bitcoin dropped against the greenback during the trading course of the week. The fall of the Bitcoin indicates a lower appetite for risk among traders, investors reduce their exposure to speculative assets such as cryptos during times of uncertainty. .As the Shanghai’s coronavirus lockdown dragged into the fourth week, China ordered mass coronavirus [...]
Fundamental view: Bitcoin fell against the US dollar during this week due to the positive sentiment for the greenback. Bitcoin price continues to move sideways in an increasingly tightening trading range to the dismay of cryptocurrency investors. And the bearish sentiment across the space is among the most prominent in years which is potentially more bearish [...]
Fundamental view: Bitcoin dropped against the US dollar during the trading course of the week. The Crypto king traded low this week with US inflation data, possible moves by the US Federal Reserve (Fed), and bearish-looking technology stocks all weighing on investors’ sentiment and causing worry about the way forward. Bitcoin is trading near the $40,000 support [...]
Fundamental view: Bitcoin had a bad week against the US dollar. The hawkish stance by the Fed Policymakers favored the US dollar. The Fed unveiled the monetary policy this week. FOMC Minutes were far more aggressive than anticipated. US policymakers “generally agreed” on reducing the balance sheet by $95 billion a month, which will likely [...]
