Fundamental view: The latest update that ‘Crypto-exchanges have to comply with SEC rules’ makes crypto weaker against the recovering dollar in the past week. The optimism among the investors for the dollar makes Bitcoin to fall and we expect it to continue in the upcoming week. The major economic events deciding the movement of the [...]
Fundamental view: Bitcoin fell in the last week initially due to the positive sentiment for the greenback but it made a bounce back at the end of the week. The recent update that China’s ministry of commerce has announced the initial launch of the country’s digital currency in selected cities. The cities that have been selected [...]
Fundamental view: Bitcoin within the dominant bullish trend and resume the upside move after a short-period of range-bound trading in the beginning of the week. Bitcoin's on-chain stats continued to improve as the price increased. Bitcoin often referred to as digital gold, attracts investors' attention due to its anti-inflationary features and a decentralized nature, which makes [...]
Fundamental view: In the last week, USD cyclical downturn reinforces Bitcoin rally. Goldman Sachs’ strategists say that U.S. dollar is at risk of losing its status as the world’s reserve currency. Other factors that affect the greenback are the increased political uncertainty and growing concerns of another corona virus infection spike created a favourable environment [...]
