Fundamental view: Bitcoin has been falling against the greenback in the previous week. It has reached levels last seen almost a month ago. While the recovery has been slow for now, investors can expect an expedited run-up the following week. However El Salvador’s news failed to catalyze Bitcoin price significantly, the developments around Bitcoin mining [...]
Fundamental view: Bitcoin fell against greenback in the last week. The U.S. Federal Reserve updated their inflation expectations for this year from 2.4% in March to 3.4% in their latest meeting that concluded on June 16. To tame inflation, the Fed plans to undertake two rate hikes before the end of 2023. Elsewhere Pantera Capital [...]
Fundamental view: Bitcoin has made an end to its downtrend as it bottomed on June 8 which indicated that a reversal was due. A bill has also passed to make BTC a legal tender in El Salvador on June 9. This created a historic win for the flagship cryptocurrency, which has come a long way. [...]
Fundamental view: Bitcoin price is currently witnessing massive selling pressure. Tesla CEO Elon Musk's involvement in Bitcoin has been an interesting development to track. His tweets on May 12 and May 19 worked as an important catalyst in accelerating the BTC price crash. Regardless of this week being the state-owned Xinhua News Agency and China Central Television mentioned that the [...]
