Fundamental view: Bitcoin price has penetrated below the psychological level $50000 and closed around $48000 this week. Some recent news might have lead the Bitcoin to crash. The president of Payne Capital Management, Ryan Payne has warned that crypto is “one of the biggest bubbles ever.” Stressing that the crypto market is “becoming a bigger [...]
Fundamental view: Bitcoin traded low against the greenback during the trading course of the week. This crash to lowest since late September comes in the wake of uncertainties caused by the Omicron variant of COVID-19 and Federal Reserve’s (Fed) growing discomfort with high inflation. In this week, US Federal Reserve Chair Jerome Powell and Treasury [...]
Fundamental view: Bitcoin traded lower against the greenback in this week. Some recent news underpin the bearish sentiment for the King Crypto. Hillary Clinton, former Democratic presidential candidate, talked about cryptocurrency Tuesday. She elaborated on her crypto statement last week and warned that the technology may be manipulated by countries like China and Russia to [...]
Fundamental view: Bitcoin price is deep under $60000 as it had a hard fall this week. Bearish trend was framed by the two negative events happened in the past few days. On Nov. 12, the United States Securities and Exchange Commission (SEC) denied VanEck’s spot Bitcoin ETF request, Upon the rejection the Bitcoin saw a [...]
