Fundamental view: This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value. Bitcoin showed a mixed trend in the last week. Jack Dorsey, [...]
Fundamental view: Bitcoin fell in the beginning of the week later managed to tacked the strength of greenback. “The aggressive unwind of crowded positioning related to DeFi assets” could have contributed to the decline. However, other factors like whales taking profit, miners selling off their stashes, and a major South Korean exchange Bithumb reportedly being [...]
Fundamental view: Bitcoin (BTC) fell below $10,000 in the last week. The largest cryptocurrency had attempted to reclaim $10,500 on last Thursday, before capitulating to lose five figures for the first time since late July. The move down comes amid renewed bullish signs in the U.S. dollar currency index (DXY), with which Bitcoin had shown increasing inverse correlation [...]
Fundamental view: Bitcoin fell in the last week and touched around 11k. The Fed's plan to hold rates near zero for the foreseeable future is driving real Treasury yields below zero and forcing investors to find healthy returns elsewhere. Traders are experimenting with crypto currencies, anticipating their insulation from inflation will lift prices higher. The major [...]
