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The stats are working against bitcoin bulls today
Bitcoin futures followed their seasonal tendency to rally on Thanksgiving Day. And pattern is to hold true today, it could be set for a down day as we veer into the weekend.
Will Bitcoin $100K Be a Profit-Taking Magnet?
Bitcoin probes the key $100K level – will that be a profit-taking area or mere stepping stone on the way to $120K+?
Bitcoin Pauses as Fed Mulls a December Pause – Cryptoasset Weekly Update (November 17, 2024)
Bitcoin is showing signs of fading bullish momentum, hinting at pullback potential before another leg higher.
Bitcoin Soars Past Silver in Value – Is the Trump Effect Just Beginning?
Following the 2024 U.S. presidential election, Bitcoin reached a record high of $93,163. Over $3.2 billion flowed into the top 10 Bitcoin ETFs, bringing Bitcoin's market valuation to $1.752 trillion—surpassing silver’s $1.72 trillion and making it the eighth largest asset globally. Here's what's driving it.
Bitcoin on the Edge of a Breakout Ahead of Election – Cryptoasset Weekly Update (October 26, 2024)
Bitcoin and Ether traders are increasingly confident that former President Trump will win the US Presidential election, with prediction markets pricing in 60%+ odds of a Trump victory.
Bitcoin Breaks Out – Cryptoasset Weekly Update (October 19, 2024)
There’s no denying that the technical outlook on Bitcoin is more bullish than it’s been in weeks if not months
Is the Strong NFP Report Bullish or Bearish for Bitcoin? Cryptoasset Weekly Update (October 5, 2024)
Friday’s strong jobs report means the Fed is less likely to cut interest rates aggressively, but a strong economy nonetheless should support risk assets.
Bitcoin and Ethereum Extend Rallies – Is Crypto Summer Back? (September 28 2024)
Massive stimulus announcements from China and solid US economic data have kept cryptoassets bid - is Crypto Summer back?
Bitcoin and Ethereum Bounce Back Ahead of Fed? Cryptoasset Weekly Update (September 14 2024)
US election prediction markets have tightened following the debate, a potential headwind for cryptoassets
Can Bitcoin and Ethereum Recover from a Disappointing Week? Cryptoasset Weekly Update (August 17 2024)
Bitcoin and Ether struggled as last week’s data underscored the shift in the market’s focus from inflation to the labor market and health of the consumer.
Bad Start, Strong Finish to the Week for Bitcoin, Ethereum - Cryptoasset Weekly Update (August 10 2024)
BTC/USD remains within its recent range, but the technical outlook for ETH/USD has flipped negative after breaking key support.
Bad Economic News is Once Again Bad Bitcoin News - Cryptoasset Weekly Update (August 3 2024)
Traders now fear that the Fed is “behind the curve” and risks tipping the US economy into recession – bad (economic) news is once again bad news (for Bitcoin and other risk assets).
ETH ETFs Launch, Traders Sell the News Again - Cryptoasset Weekly Update (July 27 2024)
Surprising no experienced crypto market participant, the launch of cash Ethereum ETFs led to a classic “sell the news” reaction in ETH/USD’s price.
Politics Drive Strong Week for Bitcoin, Ethereum - Cryptoasset Weekly Update (July 20 2024)
While Bitcoin's near-term momentum clearly favors the bulls after a big rally last week, the next leg of this bullish cycle won’t start in earnest until we see a confirmed breakout above the record highs in the $74K zone