Stock Seasonality Points South, How Bitcoin Could Take Yet Another Hit
Bitcoin seems to be more correlated with the stock market since the Covid-19 pandemic went global in 2020. The first cryptocurrency by market cap has been rejected for the second time around the $40,000 and now trades slightly south at $39,954, at the time of writing. A new study published by the Singapore bank DBS […]
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Africa's largest banks and South Africa’s Central Securities Depository, Strate, set up a Blockchain network that could have a far-reaching effect on the continent’s financial sector. South African Reserve Bank (SARB) and the Financial Services Board will play a role of observers. While the new working group has representatives from Standard Bank, Absa, FirstRand, Nedbank - the top four banks in Africa - and Investec which stands at the eighth position, the participation of the Reserve Bank is the most significant because the South African apex bank has been a little skeptical about....
Upbit, South Korea’s biggest cryptocurrency exchange, said it found unusual withdrawals from one of its Solana hot wallets and moved quickly to stop trades and protect customers. Related Reading: Strategy Stock Crashes 60% — But Michael Saylor Refuses To Step Aside According to company statements and law enforcement sources, about 44.5 billion Korean won — […]
A minority investor in a major South Korean crypto exchange is currently the best performing stock in the country. The effects of South Korea’s crypto frenzy seem to be spreading beyond the cryptocurrency market to affect stock prices in the country’s stock exchange.According to a report by Bloomberg on Wednesday, Hanwha Investment & Securities Co. has seen its stock price almost triple since the start of the year.Indeed, at the time of writing, Hanwha Investment is trading at 6,550 Korean won per share, which constitutes a 197% stock price gain year-to-date.This almost-200% share price....
Bitcoin will always experience highs and lows, but how do investors reliably combat any market downturns? Weathering crypto stormsOne crypto seasonality solution exists in the form of continually accumulating assets.While there might be multiple solutions to crypto seasonality, one crypto startup, Seasonal Tokens, is developing a potentially safer alternative to traditional trading methods. Seasonal Tokens are designed to rise and fall over the course of nine months, hoping to provide investors with a more stable alternative to Bitcoin’s downtrends.The project breaks up its tokens into the....
Bitcoin heads into the final days of August with choppy, two-way trade and a familiar seasonal question hanging over it: will September once again be a drag—or a reset into Q4 strength? As of Wednesday, August 28, BTC hovers near $112,900 after a stop-start month that has bulls and bears circling the same range rather than breaking conviction. Macro expectations, market positioning and Bitcoin’s own statistical quirks now converge in a narrow window before the Federal Reserve’s September policy meeting, making the next few weeks unusually consequential. The Fed’s rate-setting FOMC convenes....