First Mover: As Bitcoin Flips Bearish, Neither Biden Nor BlackRock Brightens ...
There's a lot of long-term bulls in the bitcoin market. But in the short-term? Pretty much everyone has suddenly turned bearish.
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As prices consolidate below $20K, traders cue off macroeconomic factors - like Biden remark that $908B stimulus would be "down payment."
BlackRock, the world’s largest asset manager, is accumulating Bitcoin (BTC) and Ethereum (ETH) once again, as institutional demand for crypto-based Exchange-Traded Funds (ETFs) ramps up. The move comes despite ongoing market volatility and heightened bearish sentiment, highlighting how institutional appetite for crypto exposure remains firm even as fear and uncertainty spread across the market. BlackRock […]
Major media outlets have declared Joe Biden the winner of the 2020 election, leading analysts to speculate how a Biden presidency may impact Bitcoin price in 2021. On Nov. 7 several major media outlets announced that after 4 days of rigorous vote-counting in key battleground states Joe Biden had managed to secure enough electoral votes to become the 46th President of the United States. As the excitement over an incredibly close election starts to abate, analysts will take a closer look at how a Biden presidency may impact traditional markets and Bitcoin price. Three key factors to consider....
Crypto markets could turn on a shift in economic policies as U.S. President-Elect Joe Biden's transition team starts to meet.
The Federal Reserve might need to print money to help finance Biden's coronavirus relief proposal, to keep Treasury-bond interest rates from climbing.