Español
PortuguêsBitcoin prices climbed for the second day on Tuesday, spurred by increased optimism over the second stimulus package in the United States and a firmer US dollar. Positive risk-on momentum…
Continue ReadingIt is safe to assume that Bitcoin’s parabolic rally in 2020 has everything to do with the underperformance of its arch-nemesis, the US dollar. The charts tell the entire story.…
Continue ReadingAt 22.49 percent higher, Bitcoin logged its best week since April 2019. The benchmark cryptocurrency ascended to its lifetime record level of $24,300, up 22. as traders assessed its growing…
Continue ReadingA remarkable rebound this weekend has put Bitcoin back en route to $20,000, its record high to date. The flagship cryptocurrency still closed the week in red, down 1.28 percent…
Continue ReadingIt is Monday. Bitcoin is holding above crucial technical support at $11,400. Meanwhile, its safe-haven rival, the US dollar, is experiencing a sharp decline. The inverse correlation between the two…
Continue ReadingBitcoin (BTC) is at risk of extending its ongoing downside correction as it breaks below a so-called “legacy trendline.” As spotted by an independent, pseudonymous chart analyst, the said trendline…
Continue ReadingBitcoin faces the prospects of undergoing broader downside corrections as hedge funds rush to short stocks that surged impressively during the coronavirus pandemic. According to the Financial Times, some fund…
Continue ReadingThere was no major stimulus announcement, but Bitcoin was still able to hit a five-week high on the first day of the week. The benchmark cryptocurrency established an intraday high…
Continue ReadingA recent sharp pullback move in the US dollar market is insufficient to log a full-fledged upside breakout. So says Stephen Roach, the former chairman of Morgan Stanley Asia. The…
Continue Reading