Pushing the Gas November 20, 2020 New Record? The market showed a lot of resilience and dip buying interest to shake off any immediate questions about the sustainability of the recent upside. So much that Bitcoin moved above the $18,000 level and remains on track to retest the highs from earlier on in the week. In addition, the demand for risk [...]
And Breathe… November 19, 2020 Plenty for Everyone Bitcoin traded a touch softer, although there was also plenty of dip buying interest. In the early European trade, Bitcoin was trading in the mid-$17,000 area. The growth in the open interest (OI) has abated somewhat, where stablecoin margined venues have gained market share relative to Bitcoin margined venues. That being said, [...]
Rapper Lil Yachty launches his own crypto-currency November 18, 2020 Rap star Lil Yachty, a performer whose discography is filled with boasts about the size of his wealth, is to launch his own crypto-currency. The Oprah’s Bank Account and Yacht Club singer will issue the currency on Swiss platform Fyooz. Once live it will allow Lil Yachty fans to purchase “tokens” that can be used [...]
Billionaires buy Bitcoin November 18, 2020 We are seeing an almighty squeeze in the Bitcoin price. There is a tsunami of buying power up against reluctant sellers. These buyers are putting real money behind Bitcoin, not the old dribs and drabs normally seen from retail investors. The world’s billionaires are scrambling aboard and the numbers prove it. In 2017, there was [...]
Relentless November 18, 2020 Surging Higher Bitcoin continued its relentless surge higher and after breaching the $18,000 level, the upside temporarily stalled at $18,500, but the dip buying interest was so strong that the dip into the low $17,000 was brought-up without any hesitation. The path towards an all time high is very much in sight. Similarly, Ethereum also [...]
Trends in Ethereum DeFi in Q3 2020 November 18, 2020 Three trends defined Ethereum DeFi in Q3 2020: 1) The Rise of Automated Market Makers (AMMs) 2) Governance tokens and yield farming 3) Forks, derivatives, and network effects 4) and “weird DeFi.” The Rise of Automated Market Makers (AMMs) The trend: While stablecoins and lending platforms have long been the centers of activity in the [...]
Why the pandemic and the coming economic downturn will accelerate Bitcoin’s adoption November 18, 2020 In October this year, Mode floated on the London Stock Exchange’s Main Market. Two weeks later, we decided to allocate a portion of the money we raised to purchase Bitcoin as part of our treasury strategy. In doing so, we became the first plc in the UK to officially announce the diversification of our reserves [...]
Watch it grow November 17, 2020 Beating Congestion Bitcoin continued to edge higher, making steady progress through the congestion area between $16,100-17,150. The risk on sentiment shows no sign of abating and the trend higher is therefore expected to remain in place. With that in mind, the aggregate open interest (OI) rose yet again to a new record high and continuing [...]
Crypto AM shines its Spotlight on ByteTree Asset Management November 17, 2020 | Sponsored Bitcoin – acceptance and accessibility An asset still in its infancy Estimates vary, but it’s reckoned that there are about 60m Bitcoin wallets in existence. That seems like a lot until you consider there are around 3.5bn smartphone users on the planet. Assume that smartphone ownership is a pre-condition of digital currency ownership and you [...]
How central bankers see the prospects for digicurrencies November 17, 2020 Last week three of the world’s central bankers met for an online European Central Bank Forum: BoE Governor Andrew Bailey, ECB President Christine Lagarde, and Fed Chair Jerome Powell. Their opinions will affect policy for the near-term—policies that determine inflation, interest rates, economic activity, the sales your company makes and the salaries or raises you [...]
