Fundamental view: Bitcoin showed a sell – off during the trading course of the week and reached its five month low of $40648. The Hawkish Fed is the main catalysts behind the fall. The Federal Reserve Bank released the minutes of its December meeting this week, which elaborated that there is a greater urgency to [...]
Fundamental view: Bitcoin dropped sharply during the trading course of the week. Despite the large nominal $6.1 billion year-end options expiry, the bearish candle had a win. The yearend thin trading session could be the rationale behind the Bitcoin move. Elsewhere, some recent news also impacted the crypto king, Malaysian police have cracked down on [...]
Fundamental view: Bitcoin rallied against the US dollar during the trading course of the week and ended trading above $50000 for the first time since Dec. 13. Positive economic data and calming fears about the new variant led to the increased demand for the riskier asset and fueled the bullish trend for BTC this week. For the [...]
Fundamental view: Bitcoin traded high at the beginning but later turned downside against the greenback during the trading course of the week. Inflation concerns and fear about the future of the global economy continue to put weigh on Bitcoin prices, and currently, the Crypto Fear & Greed Index is solidly in the “fear” zone where [...]
