Fundamental view: Bitcoin initially traded high but later fell against the US dollar during the trading course of the week, However it managed to erase some of its previous week losses. War is the main market driver of the financial market now. Leaders from all the West’s nations have asked President Vladimir Putin to put [...]
Fundamental view: Bitcoin traded back and forth against its counterpart US Dollar during the week and ended with a bullish candle. The Russia – Ukraine crisis headlines was the major catayst this week. And Russia's invasion of Ukraine has perhaps dispelled a popular notion about bitcoin. It maybe it's not the gold of the 21st century. [...]
Fundamental view: Bitcoin dropped against the US dollar during the trading course of the week and is trading around $40000. The worsening situation in Ukraine is the major catalyst prompting investors towards safe haven asset and pullback from perceived riskier asset – Bitcoin. The Market participants largely ignored the Fed minutes. Russia deployed troops to [...]
Fundamental view: Bitcoin initially rallied against the greenback but later gave up some of its gains, However it managed to form a bullish weekly candle. The US dollar bulls was favored by the stronger than expected CPI data. The US reported the January Consumer Price Index, which soared to 7.5% YoY against the forecast of 7.2%,and [...]
