Bitcoin Price Spikes to $650 as Outlook Shifts for ‘Brexit’
The price of bitcoin is rising at press time, passing the $650 mark just a day after dropping to a weekly low of $550. Though there were suggestions the volatility could be tied to any number of recent indicators, at press time, ongoing macroeconomic concerns in Europe seem to be the most influential factor, as the price of bitcoin began to rise amid reports that the UK appears increasingly likely to leave the European Union. The UK’s ongoing EU membership referendum, in which voters were asked whether the country should stay (‘Bremain’) or leave (‘Brexit’) the European Union, has....
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Bitcoin has switched its short-term market bias from bullish to bearish in the last two weeks.
On the 23rd of June the United Kingdom will hold a referendum to decide whether it should remain in the European Union or whether it should leave. A potential leaving of the European Union by the UK has been dubbed ‘Brexit’ and the polls are currently suggesting that it can go either way. This uncertainty has weighed heavily on the British pound since the beginning of the year and is poised to spark strong volatility in Britain’s currency in the wake of the referendum, regardless of the outcome. This in turn creates the opportunity to generate strong trading profits in the currency market.....
Bitcoin Strategist Joe Burnett has shared an ambitious long-term outlook for the BTC price that puts the world’s largest cryptocurrency in the eight-figure range. The projection comes from a research report published on Substack that discusses how major technological and economic shifts could reshape global markets. While the projected price target is bold, Burnett’s reason […]
Large spikes in whale transactions typically precede a period of declines in the Litecoin market. The daily transactions involving the richest Litecoin (LTC) addresses — "whales" that hold 10,000 to 1 million LTC — have jumped to their highest levels since December 2021.Litecoin selloff ahead?On-chain analytics platform Santiment detected a total of 3,458 LTC transactions worth over $100,000 on April 5, calling it "an indicator of mid-term price direction shifts." Meanwhile, Litecoin's price continued its correction move on April 6, down 13% from recent highs of $135 on March 30.Litecoin....
The world’s economies are in a very frail state as of late, ever since the most recent financial crisis took place. Some countries, such as the United States, have noted a small growth for the first time in many years, while others are on the brink of collapsing. Despite the outlook of a unified front, the United Kingdom could end up leaving the European....