Bada bing, ADA Boom! February 2, 2021 Crypto at a Glance It’s always nice to wake up to a sea of green, and with a couple of notable exceptions it’s been a strong 24 hours across the board. Bitcoin is holding strong over $34,000, although it’s still yet to convincingly break out of that range between $30,000 and $35,000. It looks to [...]
Bitcoin culture in the mainstream? February 1, 2021 Bitcoin has been consolidating in price for the past 3 weeks since it hit $42,000 in January 2021. At the time of writing today’s article the price sits around $33,800 and is starting to experience a slight upwards momentum. I expect Bitcoin’s price will perform very well in February due to a number of reasons, [...]
Fed maintains monetary policy that helped bitcoin grow as BTC’s decentralization improves February 1, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved from around $34,000 to a low under the $30,000 mark before the cryptocurrency’s price recovered. It’s now trading at $34,000. BTC has been ranging between $30,000 and $40,000 for about a month now. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week above $1,400 [...]
Crypto AM shines its Spotlight on the Agora Conferences February 1, 2021 Last year was marked by a pandemic that halted global economic growth and forced many countries and economies to the brink of collapse; and no one is sure yet when the rebound will firmly start and how long it will take us to get back to “normal” economic growth. Like the rest of the world, [...]
A new era dawns with latest crypto boom February 1, 2021 Here we go again. Crypto is on the move once more, with its architect-in-chief, Bitcoin, reaching all-time highs of $40K in the past few weeks and the entire crypto market capitalisation breaching $1 trillion. Cue the eye rolls, and familiar mantras trotted out by the uninformed: “it’s not a real asset; it’ll all come crashing [...]
Elon Musk in the Clubhouse, not the Dogehouse! February 1, 2021 Crypto at a Glance If you caught last week’s episode of ‘The Markets do the Funniest Things’, you’ll undoubtedly have been on the edge of your seat waiting to see how it all turns out this week. But let’s start with a quick recap. Friday’s cliffhanger saw GameStop back up and running on Robinhood and [...]
GameStop rises on Wall St open as FCA issues trading warning January 29, 2021 GameStop stock was up more than 100 per cent as US markets opened today, as popular trading platform Robinhood eased restrictions on buying into the stock. The army of small investors behind this week’s dramatic squeeze on Wall Street hedge funds returned to drive shares in GameStop and other hot companies higher on Friday as online broker [...]
Cryptoshonk! What a time to be alive! January 29, 2021 What a time to be alive used to be a euphoric and jubilant phrase that celebrated life and the world we lived in. Under lockdown, the phrase is now used ironically as that celebrated world feels more like an Old and Lost World. Another Eden destroyed and lost. Covid is the New Flood. As usual, [...]
How the Gamestop rally may have been inspired by crypto asset markets January 29, 2021 The allure of the underdog is well-documented, but what happens when the underdog takes on the house and cleans up the table? That’s exactly what happened in equity markets this week, as a Reddit community-fueled, retail money short-squeeze resulted in GameStop (GME), which previously was the darling of short-sellers, rallying all the way to just [...]
Bitcoin skyrockets as Elon Musk expresses support January 29, 2021 To finish off what has been a wild week for markets in comes Elon Musk sending the price of bitcoin up more than 15 per cent. The Tesla founder added #bitcoin to his Twitter bio in the early hours of Friday before cryptically tweeting: “In retrospect, it was inevitable.” Prices in the cryptocurrency leapt from just [...]