Fundamental view: Bitcoin rallied in the past week. The year 2020 was perhaps the best for Bitcoin ever, not only because of the price action but also for the massive increase in institutional interest. Currently, Bitcoin market capitalization is $382 billion after the digital asset hit $20,700 for the first time ever. During 2020, Bitcoin [...]
Fundamental view: In the last week, The aussie just went with the flow these days, boosted by rallying equities and persistent hopes among speculative interest, which believes that the economic chaos triggered by the coronavirus pandemic is on its final stages. On the other hand, the greenback remained pressured by a combination of factors such as political [...]
Fundamental view: The Australian dollar has shown itself to be rather resilient and strong during the course of the week, after initially pulling back. It seems that US dollar is probably in serious trouble longer term. There seems less stimulus in the market. As long as that is going to be the case in the United States, [...]
Fundamental view: The cryptocurrency market celebrates the New Year with new highs. Bitcoins jumped above $29,000 and set a new all-time high at $29,321 during the last week. Since that time, the pioneer digital asset has retreated to $28,800, though it is still 3.5% higher on a day-to-day basis. On a weekly basis, BTC gained [...]
