#btccny

Will USD Devaluation Hedge the $SPX Fueled Drop in Bitcoin Prices?

New highs in SPX seems to be acting as a catalyst for the drop in Bitcoin and gold. However, the devaluation of the US Dollar might build bullish fundamentals. 

The stock market opening on Tuesday was quite eventful as asset prices across commodity, currency and crypto markets moved drastically.

$SPX new ATH.

Let that sink in.

— Cantering Clark (@CanteringClark) August 18, 2020

The new ATH in…

Will USD Devaluation Hedge the $SPX Fueled Drop in Bitcoin Prices?

New highs in SPX seems to be acting as a catalyst for the drop in Bitcoin and gold. However, the devaluation of the US Dollar might build bullish fundamentals. 

The stock market opening on Tuesday was quite eventful as asset prices across commodity, currency and crypto markets moved drastically.

$SPX new ATH.

Let that sink in.

— Cantering Clark (@CanteringClark) August 18, 2020

The new ATH in…

How Fast Can Bitcoin [BTC] Reach $13,000 as FOMO Ensues?

Bitcoin [BTC] has broken out above $12,000 for the third time this year after a long built of anticipation. Confirmation of current levels for the digital currency targets $13,000 next. And, it could be approaching fast. 

The Day of the Break-out?

According Tone Vay’s technical view, the price is very bullish at the edge of a break-out on the daily and 4-hour scale backed by positive monthly and…

Bitcoin [BTC] P2P Volumes Records All-Time Highs in Six Countries: Analyst

Bitcoin [BTC] peer-to-peer trading volumes record new highs in India, South Africa, Ghana, Kenya, Argentina and Chile. The data is compiled from Localbitcoin and Paxful at UsefulTulips. It was brought to light by Kevin Rooke, an independent researcher.

Only last week, Rooke, notified about the highs in four of the above-listed countries with the addition of Nigeria and the Philippines. His thoug…

Bitcoin [BTC] Futures: CME, Bakkt Log New Highs in Open Interest and Volume

Bitcoin [BTC] futures volume and open interest on institutional platforms like CME and Bakkt are at All-Time Highs. The surge began around 27th July with the 11.08% break-out above $11,000.  

Bitcoin [BTC] Futures Open Interest on CME

The monthly futures price in contango further confirms the bullish inclination of the large OI. Contango implies that the price of future month contracts is higher…