The US Federal Reserve plans interest rate hikes this year, to deal with rising inflation and a difficult job market in the US which has seen many people walk out of their jobs in what became known as the ‘great resignation’. In response, this could mean that investors will go full risk-off and thus divest […]
When I used to write for US and Australian blogging sites, there was a standard phrase we had whenever the stock market lost a few percentage points and people around the world searching for alternative news needed to be informed. The phrase was ‘cue stressed trader’ and refers to stock pictures you can take from […]
US crypto exchange Coinbase was selected to provide the new New York Mayor Eric Adams’ first salary in Bitcoin and Ether. Adams had promised to have his first three salaries in crypto during his election, in order to promote the new financial industry in his city. It was not revealed however, how much of his […]
As cryptocurrencies anxiously await a new week of stock market mayhem and whether the next few days will bring more bloodshed, technical analysts claim that Bitcoin’s next stop is near $29k. Meanwhile El Salvador’s leader replaces his profile pic with a McDonald’s shirt, a favorite joke of Bitcoin HODLers.https://twitter.com/scottmelker/status/1485349733443026946Levels of supportThe technical analysis site FX street claims […]
The crypto market saw a bloody Friday fall on stock markets copied over into its own major coins and continued that trend into the weekend. As we predicted yesterday, the probable (and hopefully temporary) bottom for Bitcoin was set at around $35,000, which is where it hovers at the time of writing. This morning the crypto […]
Facebook, which for long has tried to launch a stablecoin, is due to set its first steps in the cryptosphere. The Mark Zuckerberg company will apparently, together with its subsidiary company Instagram, be allowing users to create, market and sell NFTs, non-fungible-tokens. Websites that auction NFTs like Opensea and others are scared out of their […]
Poor Joe Biden. Not only did he, in a clear moment of weakness, admit this week that a limited invasion of Ukraine by Russia would not necessarily get a reaction from the US, he’s also overseeing falling stock markets. In conjunction with the Nasdaq and tech stocks seeing a sea of red, the outlook for […]
Contrarian views are important. Whereas yesterday we let a Bitcoin maximalist have his say and stated that the great number of HODLers should be seen as a positive sign. Today we let the other side speak. James Malcolm, Head of FX Strategy at Swiss Banking giant UBS believes the first few weeks of 2022 point […]
So far, 2022 has not been kind to crypto or tech investors. The Nasdaq is currently in correction territory, Cathie Wood’s ARK fund is sinking and Bitcoin and other cryptocurrencies are not really going anywhere but sideways or down. However, analysts claim that the price stability shown by Bitcoin in these last few weeks is […]
Microsoft took all the front pages of business newspapers today with its planned acquisition of game maker Activision Blizzard. With the move, the Bill Gates founded company clearly ventures into the metaverse and thus also into the cryptosphere. Meanwhile, over in the chipsector, Intel seems keen on copying Nvidia’s move, one year after the former released […]
