Fundamental view: In the past week, Bitcoin rallied against greenback. Investors are certainly looking to crypto as an asset class, but bitcoin is still quite volatile. Yet, crypto advocates see bitcoin and ether (ETH) similar to different asset classes, according to Joel Edgerton, chief operating officer of cryptocurrency exchange BitFlyer USA. “My guess is that [...]
Fundamental view: Bitcoin showed a mixed trend during the past week closing with a positive node. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, intends to ban all the private cryptocurrencies in India, but will also provide a framework to create the official digital currency issued by the Reserve Bank of India. The bill will [...]
Fundamental view: After hitting a new all-time high of $41,950, Bitcoin had a major 31% correction down to $28,560. A lot of cryptocurrency enthusiasts are concerned about the end of the current Bitcoin rally as the digital asset has dropped by more than 30% since its all-time high. However, most on-chain metrics and indicators suggest the run [...]
Fundamental view: Despite the positive metrics behind Bitcoin’s run, the flagship cryptocurrency remains extremely volatile. According to Goldman Sachs, Bitcoin needs more institutional money to flow in to mature as an asset and avoid extreme volatility. Jeff Currie, Global Head of Commodities Research at Goldman Sachs says Bitcoin has shown signs of maturity already but funds from [...]
