Crypto Markets Report Slight Gains While Gold Rises

Friday, March 22 — All the top 20 cryptocurrencies, except Tether (USDT), are in the green, having overcome yesterday’s drop. Market visualization from Coin360 Bitcoin (BTC) is up 0.31 percent over the past 24 hours, and is trading at around $4,045 at press time. The coin started the day at $4,029, with a jump to as high as $4,053 in the middle of the day. In terms of a weekly view, Bitcoin has gained around 1.9 percent, while in terms of the month BTC has increased by just one percent.…

Bitfinex’s Bitcoin Markets Could Be Signalling a BTC Rally To $5,000

Bitcoin “Likely” To Break Higher Over recent weeks, the cryptocurrency market has seemingly began to embark on a slow and steady recovery. While the asset class took a slight tumble on Thursday, with Bitcoin (BTC) falling by 1.33%, cryptocurrencies are still nearing their year-to-date highs. The simple fact has led some crypto analysts to begin touting bullish sentiment, as the technical and fundamentals tides have seemingly begun to turn in BTC’s favor. Prominent trader Filb Filb joined in with his own optimism recently, issuing a number of charts accentuating his/her…

Bitfinex’s Bitcoin Markets Could Be Signalling a BTC Rally To $5,000

Bitcoin “Likely” To Break Higher Over recent weeks, the cryptocurrency market has seemingly began to embark on a slow and steady recovery. While the asset class took a slight tumble on Thursday, with Bitcoin (BTC) falling by 1.33%, cryptocurrencies are still nearing their year-to-date highs. The simple fact has led some crypto analysts to begin touting bullish sentiment, as the technical and fundamentals tides have seemingly begun to turn in BTC’s favor. Prominent trader Filb Filb joined in with his own optimism recently, issuing a number of charts accentuating his/her…

Betting Markets Are A Potential Boon For Major Cryptos

If you’re reading here, you’re likely aware that cryptocurrencies are still looking for major footholds in the consumer world. Those who favor cryptos and are determined to put them to use as functional currencies can generally find ways to do so; this has been true for years now. However, the average consumer tends to look at cryptos now and see one of three things: a gimmick, an investment asset, or something that’s intriguing but poorly defined. There still aren’t clear avenues for using cryptocurrencies for those who aren’t actively, and…

Crypto Markets Descend While Tech Stocks Surge

Thursday, March 21 — Most of the top 20 coins by market capitalization are in the red, showing slight losses on the day, down from one to four percent. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is trading at $4,027 at press time, down about one percent over the 24-hour period. BTC has been trading sideways as of early trading hours, following a drop to as low as $4,007 in the middle of the day. Bitcoin 24-hour chart. Source: CoinMarketCap The top altcoin Ethereum (ETH) has seen a…

Fundstrat Expects Emerging Markets Rally To Spark Bitcoin Boom, Potentially Pushing BTC to $20k

Emerging Market Rally To Aid Bitcoin For some reason or another, investor sentiment has begun to turn decidedly positive in the cryptocurrency market. Tom Lee, the co-founder and head of research at Fundstrat Global Advisors, added to this influx of hopium-laced messages through a piece of analysis he pushed to his Twitter following, many of which are embroiled in all things Bitcoin. Lee explained that from this perspective of his New York-based advisory outfit, emerging markets, whose value is captured through the MSCI Emerging Markets Index, pulled down BTC over…

Winklevoss Twins: Crypto Hype at SXSW Offers Investors a Bullish Case for the Markets

Ever since Bitcoin and the entire crypto markets went spiraling downwards in late-2017 and early-2018, investor’s sentiment has grown to be strongly linked to price action, and as such, the sentiment of most neophyte investors that have been burned by the persisting bear market remains in the gutter. Despite this, the sheer amount of hype and excitement surrounding the nascent markets and technologies at the on-going South by Southwest (SXSW) conference in Austin, Texas, may be a signal that excitement for the markets is still flowing through the veins of…

Crypto Markets See Mixed Action While Bitcoin Holds $3,900, US Stocks Rise

Wednesday, March 13 — cryptocurrencies continued trading sideways today, with most of the top 20 cryptocurrencies by market capitalization seeing moderate price changes since yesterday. Market visualization from Coin360 Bitcoin (BTC) has managed to hold the $3,900 price threshold by press time, staying relatively stable since March 6. However, the biggest cryptocurrency dropped below the price point earlier on the day, with the intraday low of $3,891. At press time, Bitcoin is trading at $3,910, down around 0.01 percent over the past 24 hours. Bitcoin 30-day price chart. Source: CoinMarketCap…

Emerging Markets are Surging and Investors Could Send Bitcoin Moon-Bound

Emerging markets and their respective currencies are on the rise, which historically has had some correlation with the price of Bitcoin. According to Morgan Stanley, the global emerging markets benchmark is expected to rise by around 8 percent in 2019, primarily due to the increase in interest in the Chinese stock market following the optimistic prospect of the trade deal. Bitcoin Vs. Emerging Markets: What’s the Correlation? In August 2018, global macro analyst Peter Tchir said that during periods of emerging market stress, cryptocurrencies like Bitcoin as a store of…

Crypto Markets Are Trading Sideways, Bitcoin Holds $3,900 Support

Tuesday, March 12 — crypto markets are trading sideways, with total market cap hovering between $133–$134 billion, and Bitcoin (BTC) holding $3,900 for the most part of the day. The top 20 cryptocurrencies by market cap are seeing mixed signals, with losses not exceeding 1.1 percent, while some coins have seen a growth of over 3 percent over 24 hours at press time. Market visualization from Coin360 Bitcoin is trading at $3,912 at press time, up around 0.3 percent over the past 24 hours. The biggest cryptocurrency surged to as…