Career Commodities Trader Warns Bitcoin Community Over Coinbase Concerns
Peter Brandt is an iconic trader who in the past called the dramatic fall to the Bitcoin bear market bottom, nearly a year ahead of time. Could the commodities trader with decades of experience in all things markets – who has for sure seen a thing or two in his career – now be forewarning […]
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Bitcoin blasting above $50,000 per coin made it clear that the parabola would continue, marking the third major parabolic phase in the cryptocurrency’s short lifecycle. Commodities trader Peter Brandt has seen many price charts throughout his storied career. This sort of behavior in an asset is rare, according to Brandt. But three times? That’s “historic,” he says. And according to a chart he’s shared, the parabola has a lot more to go before it is […]
Bitcoin price is already back headed toward all-time highs set last weekend, after a short-lived, yet steep selloff on the back of a ban potentially hitting India. The full correction thus far was a mere 13% from top to bottom – mundane by the normally notoriously volatile cryptocurrency’s standards. In fact, one career commodities trader that’s been around markets for decades, says that this current bull run in Bitcoin is “extraordinarily orderly” compared to past […]
Having a successful investing career in cryptocurrencies is quite hard. Even if you are a seasoned trader in Forex, commodities, or any other traditional market, you will find crypto to be a completely different animal. Many reasons account for this. The best-known one is the crypto’s relatively low capitalization. That means that the markets are […]
The DeFi trend is finally dying down, and it has left even the once hottest and most hyped coins reeling in the wake. Yearn.Finance, for example, was once trading at over $40,000 and four times the price of Bitcoin. Now, it could be headed for just half a BTC per YFI token, where one career […]
UK-based cryptocurrency exchange has made a big hire, we're learning via a Financial Times report. We're learning that financial guru Adam Knight will be hopping aboard the company as executive chairman, in addition to have taken a stake in the company via a recent funding. Knight's experience in the financial sector is extensive. According to his LinkedIn page, Knight started as a trader in the commodities group at Goldman Sachs from 1996 through 1999, eventually leaving to join financial services company Kiodex until 2001. He then returned to Goldman Sachs for six years, becoming the....