Analyses BTC Surpasses $45K for the First Time Since May – Analysis, 9 Aug

This past week the price of Bitcoin surpassed the psychological level of $45,000 for the first time since May. Because of this, Bitcoin has been able to recover almost half of the recent losses, and the bearish sentiment in the crypto community has started to fade away: Source: Twitter On August 3rd, Chairman of the U.S. Securities and Exchange...

Analyses Fear & Greed Index Returns to Neutral Level Thanks to BTC – Analysis, 2 Aug

The Crypto Fear & Greed Index has returned to a neutral level because Bitcoin has been able to regain the psychological level of $40,000 per one digital coin: Source: alternative.me That has been the index’s highest level since May 12th, which is a signal that the bullish sentiment is returning to the market: Source: Twitter From a fundame...

Analyses Tesla, SpaceX, Musk All Own Bitcoin – Analysis, 26 July

Last week was full of positive events and news. On Tuesday, July 20, Mastercard announced that it would enhance its card program for cryptocurrency wallets and exchanges. The financial giant will partner with Evolve Bank & Trust, Paxos Trust Company, and Circle to offer a card option to people wanting to spend their digital assets anywhere M...

Analyses Apple Rumored to Have Bought Over $2B Worth of BTC – Analysis, 19 July

In the first half of last week, rumors about Apple buying Bitcoins worth over $2 billion spread across the crypto-related social media platforms. Source: Twitter Many cryptocurrency enthusiasts expect such kind of news (about big players entering the market) to revert the price decline of Bitcoin and resume the uptrend.   Source: Twitter Howeve...

Analyses Crypto Becoming Integral Part of Global Fin System – Analysis, 12 July

On July 7, Visa said that cryptocurrency users spent more than $1 billion on different goods and services through their crypto-linked cards in the first half of the year. That is a signal that the integration of cryptocurrencies in global trade is on the way. Because cryptocurrencies are becoming an integral part of the global financial system, ...

Analyses Yet Another Week of Crypto Market Consolidation – Analysis, 5 July

The crypto market has recorded another week of consolidation. Recently, most of the major cryptocurrencies have been trading in a very narrow range, struggling to find direction. For example, Bitcoin has been fluctuating between $30,000 and $38,000 for almost 5 weeks now. It is clear that sooner or later, this consolidation will end. But the que...

Analyses BTC Correction - Not the First One, Not the Last One Either – Analysis, 25 May

Last week, one of the deepest corrections unexpectedly hit the cryptocurrency market. For example, the price of Bitcoin recorded approximately 50% decline: Source: CoinMarketCap.com However, as some cryptocurrency enthusiasts outlined, such kinds of panic sell-offs are nothing new to the market, and things like this happen and will continue to ...

Analyses Elon Musk and the Crypto Drama He Leaves in His Wake – Analysis, 17 May

Last week, Elon Musk brought another surprise to the market. This time he started to criticize Bitcoin instead of praising the cryptocurrency. On May 13th, the Tesla CEO announced that they had stopped vehicle purchases using Bitcoin: Source: Twitter Musk underlined that the reason behind the decision is because Bitcoin is heavily energy-consum...