Tag: Bloomberg

Bitcoin “Isn’t Boring”: Bloomberg Analyst Makes $1,500 BTC Call

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Crypto Investor On Bitcoin: “I Didn’t Sleep Well Last Night” “Bitcoin [is] no longer boring,” declared Bloomberg analysts/journalists Vildana Hajric and Olga Kharif in a recent piece on the crypto market. And, taking a look at the current state of cryptocurrency prices, it would appear that this is the case… unfortunately. As reported by Ethereum World News on multiple occasions in recent days, BTC fell hard on Wednesday, quickly moving under the levels of support at $6,000 and $5,800 due to a number of purported catalysts and an influx of…

‘Bitcoin’s No Longer Boring,’ Price Heading Towards $1.5K, Say Bloomberg Analysts

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Analysts at Bloomberg Intelligence predict that Bitcoin (BTC) “has further to fall,” Bloomberg reported Nov. 16. “Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price. Bloomberg cites hedge fund founder Travis Kling saying that he “didn’t sleep well” because of the potential turmoil in wider crypto markets due to the recent Bitcoin Cash hard fork: “There’s a small chance that, it’s difficult to estimate, that something really bad could…

Bitcoin’s Low Volatility Signals Bottoming as ‘Speculation Leaves,’ Bloomberg Analyst Says

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Bloomberg’s analysts have joined the ranks of experts who consider that Bitcoin (BTC)’s low volatility levels recently signal the coin is finding a bottom, according to an analysis published Oct. 24. Data analyzed by Bloomberg reveals that in October, BTC had only one day of price swings of (+/-) 5 percent or more; as compared with nine days in January and February, seven in March, and five in July. Days with Bitcoin price moves of (+/-) 5 percent or above. Source: Bloomberg Bloomberg Intelligence analyst Mike McGlone is quoted as…

Monero up 20% This Week as Bloomberg Report Injects Bullish Sentiment

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Monero value this week has surged more than 20 percent after a report published by the Satis Group predicted robust bullish forecasts for the privacy-centric cryptocurrency. The XMR/USD pair on August 30 was trading at around 97.36-fiat after strong bearish sentiment rejected the previous upside near 110-fiat. The same day, Satis Group, a major ICO advisory firm, published a report predicting Monero among the significant price gainers within the next decade. Soon after the story hit the public domain, and got covered Bloomberg, the XMR/USD started to show strong upside…

‘Soft’ Crypto ETF Alternative Now Geared Towards U.S. Investors, Says Bloomberg

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A Bitcoin (BTC)-based exchange traded note (ETN) listed on the Nasdaq Stockholm exchange is now being targeted towards U.S. investors, Bloomberg reports Wednesday, August 15. As many in the U.S. clamor to see a Bitcoin exchange-traded fund (ETF) approved by regulators, this so-called “soft” alternative has been trading on the Swedish exchange since 2015, but is now being quoted in dollars under the ticker CXBTF as of Wednesday. The product, dubbed Bitcoin Tracker One, is still technically listed and traded in Sweden, but many consider this latest move to be…

Kraken Crypto Exchange, Community Blast Bloomberg Article on Tether ‘Red Flags’

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Major crypto exchange Kraken has issued a scathing response to a recent Bloomberg article about stable cryptocurrency Tether (USDT) allegedly “defying logic” on Kraken’s platform. The article in question, titled “Crypto coin Tether defies logic on Kraken’s market, raising red flags,” was published on Bloomberg June 29, with comments and analysis from several academics and Andrew Rennhack, a former professional poker player. Its authors allege that the price of Tether might be manipulated on Kraken, citing “oddly specific order sizes” and the fact that “huge trades move prices about the…

Bloomberg Terminal Adds Huobi’s Cryptocurrency Market Index

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Financial data firm Bloomberg is now providing the HB10 crypto market index launched by crypto exchange Huobi on its terminal service. The exchange said on Thursday that users of Bloomberg Terminal are now able to track the aggregated performance of the top-10 cryptocurrencies that are traded on Huobi Pro – now the third largest exchange in the world by trading volume, based on data from CoinMarketCap. Huobi launched HB10 index last month, which uses weighted samples to track a pool of top-10 crypto assets traded on its platform in real-time against…