Markets Weekly: Bitcoin Stable Amid Global Oil and Metals Crash
All was quiet in the bitcoin markets this week, with price and trading volume both remaining relatively flat. The bitcoin price opened the week at $375.24 and climbed just under $2 to close the week at $377.09, according to the CoinDesk Bitcoin Price Index. Bitcoins traded across all exchanges tracked by Bitcoinity fell slightly by 2.4%. The number of coins that changed hands for the week ending 30th November stood at 3.59 million, while the previous week saw 3.68 million bitcoins traded. Despite that total figure, however, the drop on most major exchanges was more pronounced. Bitstamp and....
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As the title suggests, this week has been stable for the most part. Take the world stable with several grains of salt, as stable in cryptocurrency is still volatile for most people to stomach when they have been used to the relative stability of the dollar and people in precious metals. For example, let’s take a look at some of the more recognizable cryptocurrencies such as Litecoin and Darkcoin. Litecoin has stayed in the $5 range, with volume staying around the $2.5 million mark. With a market cap that Litecoin possess, I fully expect Litecoin to recover from the downward trend it has....
Amagi Metals. Bitcoin accepting precious metals companies have received much attention within the retail precious metals industry over the past few years. This week, some changes have taken place. Amagi Metals has relaunched after some time offline due to internal issues. Under new management, Amagi Metals is hoping to win the trust of the precious metals retail scene, even if it is slowly. Amagi Metals relaunched under the management of Anthem Vault. As a representative posted to Reddit: Hello r/silverbugs - I want to introduce the new Amagi Metals brand that is being released under the....
Global liquidity specialist Michael Howell used an appearance on the Bankless podcast to deliver a clear, if uncomfortable, message for risk assets: the post-GFC “everything bubble” is ending as the global refinancing machine rolls over, and crypto is late in that cycle rather than at the start of a fresh one. Howell’s starting point is his own definition of liquidity, which diverges sharply from textbook aggregates like M2. “This is the flow of money through global financial markets,” he said. It is not bank deposits in the real economy, but “money that is in the financial markets… it....
Data shows amid the panic of the crypto crash, the Bitcoin mining hashrate has gone flying to a new all-time high. Bitcoin Mining Hashrate Surges To New All-Time High As Price Crashes According to the latest weekly report from Arcane Research, the BTC miners’ revenues continue to suffer as price crashes and competition becomes all-time […]
Global risk desks are recalibrating their dashboards this week after prominent financial commentator and Bitcoin supporter Robert Kiyosaki reiterated his claim that the world is heading toward the “biggest crash in history.” His warning, amplified across markets already dealing with tightening liquidity and geopolitical volatility, has once again triggered fresh debate across traditional finance markets. […]