Bitcoin USD

Stagflation concerns and rate hikes continue to weigh on risk appetite

There’s a subtle yet big difference between ‘risk-off’ and ‘de-risking’, in that the latter means investors also offload their safe havens as they flock to the safety of cash.

Bitcoin charts can be an important tools for foreign exchange traders to have in their arsenal

Currency traders can use this relationship between the 2 assets as another tool.

If traders believe that DXY will continue to act as a leading indicator for Bitcoin, they should expect Bitcoin to bounce.

Bitcoin and USD/RUB currently have a strong positive correlation.

Bitcoin and EUR/AUD, along with EUR/NZD, have a strong negative correlation on the daily timeframe.

With the Fed showing little interest in scaling back their ultra-easy policies, cryptocurrencies such as Ethereum continue to look attractive to investors.

I suspect like many other seasoned traders, I have watched the drama in GameStop Corp (GME US) unfold with some disbelief as “Reddit Traders” made life very uncomfortable for hedge funds who held large short positions in the stock.

The stage is setting up for bitcoin to potentially break its record high...

Proponents of Bitcoin point to its safe-haven qualities and scarcity, as reasons why Bitcoin will eventually replace fiat currencies as a medium of exchange and a store of value.

After it’s capitulation in March and subsequent recovery in April, the month of May has brought much-needed stability to the price of Bitcoin, amongst further signs of acceptance and institutional legitimacy. While the “halving” on May 11 appears to have been factored into the price of Bitcoin in advance, the month of May has been notable for the following reasons.

Paul Tutor Jones is a big name in the hedge fund world. So, when he speaks, people listen.

Next week brings an event that will reshape the cryptocurrency landscape for the next half decade and beyond: Bitcoin’s third “halving” of block rewards.

There has been lots of chatter lately surrounding Bitcoin

We review the key levels to watch in Bitcoin ahead of next month's highly-anticipated "halving" event...

As regular readers would know, like other market analysts we often give ourselves a “pat on the back” when our market calls work out as planned. It is therefore only fair that we acknowledge when key calls don’t work out as well. In late February, after global stock markets had begun to unwind in response to the emerging threat of the coronavirus, we wrote again about the benefits that Bitcoin offered to traders as a safe haven asset.