Fundamental view: Bitcoin edged higher against the US dollar during the trading course of the week. The broad US dollar weakness and the threat of rising inflation are the major catalysts in the bullish move of the quote BTC/USD. US policymaker’s hesitance on rate hike along with weak US ADP data weighed on the US [...]
Fundamental view: Bitcoin seesawed against the US dollar during the trading course of the week. Bitcoin had a quite disappointing year till Jan 25. 2022, However it has 12% partial recovery to $38,100 on Jan. 26. Amidst Hawkish move from Fed weighing on Bitcoin, few other catalysts favors the Bitcoin. The Central bank has left [...]
Fundamental view: Bitcoin dropped against the US dollar during the trading course of the week. The fall can be related to the souring of global risk sentiment and traders moving towards the safe haven. The recent crypto.com hacking and Russia’s call for banning crypto also weighs on the Bitcoin. On Thursday, Cryptocurrency exchange Crypto.com acknowledged [...]
Fundamental view: Bitcoin edged higher against the US dollar during the trading course of the week. The rationale behind the move can be related to the fall of the dollar due to the Labor Statistics showing that the Consumer Price Index (CPI) rose to 7% on a yearly basis in December on Wednesday. Moreover, the country released [...]
