Fundamental view: Bitcoin price has bounced against the greenback and formed a bull candle. The past week has been quite volatile for the flagship cryptocurrency experiencing moves of up to 10%. In the past week, Microstrategy made several more investments in Bitcoin. The first happened on March 1 right after Bitcoin price touched the local [...]
Fundamental view: Bitcoin fell against greenback in the past week. Bitcoin is trading more than $10,000 per coin less than the current high, after according to one crypto analyst, the “bid” side of market has disappeared, exposing the cryptocurrency’s current weakness. The lack of buying currently could be due to what another analyst calls a jittering macro environment, [...]
Fundamental view: The price of bitcoin has hit an all-time high again Friday, pushing its market capitalization above $1 trillion. After a 160% increase over the past 3 months, the open interest on Bitcoin (BTC) options reached a new record-high at $12 billion. While this number might seem unusually high, it makes sense that the figure would [...]
Fundamental view: This past week has been extremely beneficial for BTC and it jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship crypto currency to new highs. Earlier by this week on Monday, Tesla Inc, bought $1.5 billion worth of Bitcoin. Additionally, the electric-vehicle [...]
