Fundamental view: Bitcoin traded down against the US dollar during the first half but later traded up and erased its losses at the second of the week. The US dollar bulls was underpinned by the NFP report. US March’s Nonfarm Payrolls report came at 431K jobs added, more than the 80K foreseen by economists. Thus [...]
Fundamental view: Bitcoin traded high against the US dollar during the trading course of the week. News of Russia accepting cryptocurrency in exchange of oil and gas exports favors the Bitcoin. Russia's head of the energy committee has said the country is willing to accept bitcoin in exchange for oil and gas exports from countries [...]
Fundamental view: Bitcoin edged higher against the US dollar during the trading course of the week. Headlines of Russia- Ukraine crisis dominated the financial markets, but it did not show any peace talks progress. However, during the first half, Optimism over a probable truce between the wto helped the Bitcoin. Market sentiment was sour on [...]
Fundamental view: Bitcoin traded high and erased some of its previous week’s losses against the greenback during this week. Financial Market was largely impacted with the Russia- Ukraine tension this week. President Joe Biden’s new executive order on cryptocurrency that was announced Wednesday saw Bitcoin’s price increase by 10%, before falling back. The order directed government agencies to coordinate [...]
