Tuesday, April 16, 2024

Chart of the Day: Is Bitcoin’s Long Slide Finally Ending?

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Bitcoin has been under pressure since early November, but now the top cryptocurrency may be showing signs of turning higher. The first pattern on this...

Stocks Hold Their Ground as a New Quarter Begins and Sentiment Improves

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Stocks could be trying to break out as improving sentiment draws buyers to new parts of the market. The S&P 500 slid 0.1 percent in...

Bitcoin Volumes Swell as Crypto Goes Mainstream

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Bitcoin had its busiest day ever on financial exchanges yesterday as a second major product rolled out. CME's futures (symbol BTC) had volume of more...

Choppy Price Action Is Still the Trend in Cryptocurrencies

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Summary Cryptocurrencies were flat on the week, as range-bound action persists.Bitcoin (BTC) held onto price support near the $9,000 level.Concerns remain about a second wave of...
Explanation of the Stock to Flow Model as Bitcoin Pulls Back

Explanation of the Stock to Flow Model as Bitcoin Pulls Back

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Bitcoin is having its worst week in over three months. Is it a bargain? Let's review a common valuation model for perspective -- the...

Bitcoin Retests Critical Support Zone

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Summary Bitcoin (BTC) fell for a third straight week to test support.Precious metals rose slightly then surrendered gains for the week.The Nasdaq 100 (@NQ) fell...
Bitcoin on Pace for Highest Close in Almost 3 Years as JPMorgan Joins the Crypto Club

Bitcoin Remains Strong, Shoots for Historic Highs

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Summary Bitcoin (BTC) eclipses old highs from 2019.Pfizer (PFE) vaccine announcement lifts global markets. Bitcoin (BTC) bulls kept their feet on the gas this week, lifting...

Market Pulse: Positive Signals from Bitcoin’s Big SMAs

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The recent price action in Bitcoin seems to highlight the importance of two simple moving averages (SMAs): the 50-hour SMA and the 100-hour SMA. Click here to...

How to Buy Ethereum

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Ethereum is the second-most valuable cryptocurrency in the world by market capitalization, currently valued at more than $370 billion.1 Starting from humble beginnings in...

Is Crypto Volatility an Opportunity or Risk?

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Although cryptocurrency markets appear to have calmed down, fluctuations are still the largest among major financial markets. The average daily movement in the...
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