Black Thursday

After weeks of consolidation directly below critical resistance, Bitcoin price has failed to take out $10,000 and has instead for a brief moment broken below $9,000.Will the first-ever cryptocurrency see a retest of Black Thursday lows, or is this just an opportunity to buy the dip before the real bull…

In a new report from Morgan Stanley’s Head of US Equity Strategy Michael Wilson, the analyst told investors that the stock market is showing similarities with the 2009 recovery that led to the longest bull run in history. Given Bitcoin’s recent correlation with the stock market, this could also result in…

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been hovering below the psychological barrier of $10,000. The halving didn’t give the market what they expected as the majority was anticipating a further decline in the price post-halving. What’s next for the crypto markets? What can be expected…

The number of Ethereum (ETH) longs has continued to surge after breaking into all-time highs at the end of March.Despite the broader crypto markets posting price gains alongside Bitcoin (BTC) in recent weeks, the number of open longs remains low for most crypto assets after plummeting during the mid-March crypto…

Bitcoin sells off at $9,900 after printing three consecutive winning sessions.The cryptocurrency’s latest move serves as a reminder of its price action before the “Black Thursday” crash.The fractal’s validation risks extending Bitcoin’s downside correction towards its long-term moving average.Bitcoin’s three-day winning streak came to an abrupt end on Friday as…

Bitcoin (BTC) has been labeled as an “uncorrelated asset” since BTC is not directly connected to global GDP, company, revenues, profits (P/E ratios), dividends, and instead, relies on the network effect. For those reasons, the million dollar question is… What are the factors that impact Bitcoin’s price the most and why?The…

About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards.The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus paid to miners for solving mathematical…

opinionColin Harper Guest columnistPublished 2:46 PM EDT May 11, 2020Google “the Cantillon Effect.” Now google the Federal Reserve’s balance sheet.This is how your purchasing power is being stolen from you.The Cantillon Effect describes how money can flow disproportionately through an economy. Those closest to a money’s “injection point” have first…

Tomorrow’s halving helped Bitcoin price make another strong push to $10,000, but the first-ever cryptocurrency failed to breach the key level.However, according to the structure of a massive rising wedge, there may be yet another wave up to nearly $11,000 before a correction and pullback ensue.Started From the Bottom: Bitcoin…

AP PhotoThousands of unemployed people are gathered in a food line in Times Square during the Great Depression. The coronavirus pandemic has devastated the US economy, and unemployment levels have spiked to the highest levels since the Great Depression. The April jobs report showed the unemployment rate spiked to 14.7%.…