Bitcoin and Crypto Market Analysis for the Week Gone By
Good afternoon, the S&P 500 rose steadily through the week to 3,348 by Friday evening as it recovered the ground lost last week. By contrast, the STOXX 600 and FTSE All-Share showed very little signs of life, ending the week much as they started it at 362 and 3,294, respectively. In crypto, bitcoin has continued to show remarkably low levels of volatility, while altcoins had a mixed bag of a week, with Cardano and Binance Coin […]
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The S&P 500 rose steadily through the week to 3,348 by Friday evening as it recovered the ground lost last week. By contrast, the STOXX 600 and FTSE All-Share showed very little signs of life, ending the week much as they started it at 362 and 3,294, respectively. In crypto, bitcoin has continued to show […]
This week has been interesting has been full of surprises to say the least. From January 13th to January 15th Bitcoin dropped from a weight priced of 264.35 on Bitstamp to a weighted price of 178.83 exactly 48 hours later. Equivalent to around a 32.4% drop in price in only just two days, it was a reminder that Bitcoin is still a young and volatile currency. While the price has gone back up a little bit (price of Bitcoin is at $210.58), Bitcoin is still down 22.21% this week, as of January 18th. Most if not all cryptocurrencies went down with the main exception being Nushares, which is up....
Markets enjoyed another buoyant week as newsflow around vaccines was positive, with the S&P finishing the week on 3,693. In the UK, the Medicines and Healthcare Regulatory Agency (MHRA) approved the BioNTech/Pfizer vaccine, with rollout set to start this week. The FTSE All Share rose from 3,542 on Tuesday morning to finish the week at […]
In traditional markets, the S&P 500 remained steady throughout the week, finishing on 3,722. In Europe, the STOXX 600 rose marginally, finishing the week on 395. And here in the UK, it was a different story, with ongoing Brexit negotiations and the uncertainty surrounding No Deal sending jitters through the FTSE All-Share; it finished the week on 3,685. In crypto markets, there was a little more movement. Bitcoin flew to an all-time high of $23,586. […]
The S&P 500 rose at the start of last week, shrugging off the tail end of the previous week, and remained at a solid level until Friday to finish the week on 3.482. Contrastingly, the European and UK equity markets struggled, seeing a dip on Thursday as markets digested the impending and increasing coronavirus lockdown […]