Bitcoin Price Erratic: Here's What We're Watching
Late yesterday evening, shortly before the markets closed in Europe, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be watching throughout the evening and during the Asian session, and suggested how we would get in and out of the markets according to our breakout strategy - primarily because our intra-range strategy that we incorporated during the beginning of this week was unavailable to us. Now action has matured overnight, what of levels that we are watching in the bitcoin price during today's session, which of our....
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Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fed’s 75bps (basis points) rate hike, 10-year notes reached 3.642% and two-year Treasury notes jumped to a 15-year high at 4.090%. The curve between the two- and 10-year notes indicates the chances of a deep U.S. recession have grown stronger, and recent reports say bond traders have been “confronted with the wildest volatility of their careers.”
2 Quarters of Negative GDP, Red-Hot Inflation, and....
"This is no different than an entirely erratic stock," said Cramer. Jim Cramer, the host of CNBC’s Mad Money, said he is still “playing with the house’s money” after selling off some of his crypto before the recent price crash.In an interview with TheStreet, Jim Cramer said he still believed in Bitcoin (BTC) despite a $10,000 price correction over the past three days. However, he added he was unlikely to buy more unless the price goes under $20,000. “My goal was to get my cash out so I don’t have to think about it,” said Cramer. “If it goes back under $20,000, I’m a buyer again. But I got....
A little while before markets closed in Europe yesterday evening, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be keeping an eye on in the bitcoin price throughout Wednesday evening, and suggested how we might respond to price reaching or breaking these levels in the event that we got some volatility, and could enter according to our intraday breakout strategy. Now action has matured overnight, and we have seen some pretty erratic movement, so, with this said, what are the levels that we are watching during today's European....
Seven days ago Bitcoin’s network difficulty saw the largest drop in nine years as it slid over 16% last week. Similar to the crypto asset’s price, the hashrate has been extremely volatile according to statistics. After dropping to 111 exahash per second (EH/s), the network hashrate spiked a whopping 45% on Tuesday morning to 161 EH/s before sliding back to 120 EH/s. Bitcoin’s hashrate, much like the price of bitcoin (BTC), has been jumping around during the last few days. The crypto asset’s hashrate is the measurement of processing power pointed at the network. In....
Yesterday afternoon, we published our twice-daily bitcoin price watch piece, highlighting the levels that we had been watching during today's session, and suggesting a couple of key levels that we will be keeping an eye on as we entered into Thursday evening and beyond. Now action has matured overnight, and Though we have not seen considerable movement in the bitcoin price, our key levels have changed from those we were watching last night. With this said, what are we watching now, and how can we play price action as we head into the European Friday morning session? Take a quick look at....