Fundamental view: Bitcoin price shows considerable strength after springing from the recent crashes. Chicago Mercantile Exchange (CME) has announced the launch of Micro Bitcoin Futures (MBT) on May 3, which could see a lot of interest from retail investors. According to the firm’s senior managing director, Sean Tully, the decision to launch this new financial product comes [...]
Fundamental view: Bitcoin fell significantly during the course of the week. Market participants seem to be panic and are selling their holdings, sending the market into a tailspin. Bitcoin price witnesses two crashes in less than a week, Some unfounded sources stated that the U.S. Treasures would go after financial institutions for money laundering using cryptocurrencies. [...]
Fundamental view: Bitcoin price hits a new all-time high reaching a level of 64800. Coinbase direct listing is the most important development for the crypto currency. US-based cryptocurrency exchange Coinbase went public on Wednesday under the ticker COIN. Despite the significant price slump, institutional investors are already taking advantage of the downswing to buy the shares at a discount. [...]
Fundamental view: Bitcoin rallied against the greenback in the previous week. The prices of Bitcoin look primed to advance further despite the ongoing consolidation phase. The billionaire Peter Thiel questioned whether Bitcoin could be a “Chinese financial weapon” and urged the U.S. government to consider tighter regulations. China has managed to control for more than 65% of the Bitcoin [...]
