Bitcoin Price Declines On Greece Market Positive News
Bitcoin price had been trailing just below its 1-hour 200-period moving average for days. The overlap between the Sunday evening US session and the early Monday Asia-Pacific session saw a sharp sell-off - to support - where the market is now eyeing $200. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h00 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The Greek elections have had a market positive....
Related News
The hot topic across global financial markets at the moment is Greece. Flick to any business or economics related channel on the television, or browse to news media websites in the aforementioned categories online, and you will be hard pushed to find anything on the front page that doesn't relate to the potential impact a Greek exit from the Eurozone might have on a) global economies and b) global commodities. For a while we have looked to Greece as a potential barometer of just how much bitcoin at its current level of acceptance is influenced by global fundamental events, and - at the....
Greece, one of the world’s regions that was known for ratio, philosophy and mathematics in the ancient world is under siege. These days, Greece and the lending/repayment actions are daily in the news. A lot of people are getting worked up about the EU, the European central bank, Germany, Belgium, lending policies etc. and “the poor Greek people”. To understand the EU viewpoints on Greece, just or not, and Greece itself we will have to go back in time. In the second part, we will discuss the benefit of blockchain like technologies and Bitcoin. To understand the current crisis in Greece, we....
After months in seclusion, the price of bitcoin once again emerged as the breakout tabloid star of this week's news cycle. Spurred by a sudden spike in trading activity on 16th June, the media quickly correlated the surge to Greece's increasingly possible exit from the European Union (nicknamed the 'Grexit'). Though real evidence to suggest bitcoin is becoming a tool for Greek citizens amidst monetary uncertainty is scarce, the coverage nonetheless succeeded at overshadowing other developments in the industry, both positive and negative. A 'Grexit' price pump. To understand Greece's role....
Greece faces a €1.5 billion payment to the IMF expires on June 30, and to make matters worse The Eurozone portion of Greece's €245-billion bailout expires on the same day. This huge debt and interest is totally unsustainable for Greece to maintain and Greece has no more to give. This could mean Greece exclusion from the Eurozone. Would it be a good idea for Greece to renounce the euro and adopt bitcoin? This would mean giving up their sovereign monetary policy. However, the finance minister of Greece, Yanis Varoufakis, believes that because Bitcoin is deflationary, it would be bad for....
For the last few weeks, the Bitcoin price has been on a high following bad financial news from Greece and China. Greece once again found itself staring down the barrel of a debt crisis, while China found itself in the clutches of a stock market collapse. The Bitcoin community met these ominous occurrences with optimism; the next global recession will surely give Bitcoin an opportunity to shine. The possibility of a global recession, combined with the hopes of a mass migration to Bitcoin, sent the Bitcoin price upwards until it hit resistance at $300 last week. Since then, the price has....