Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts
The declaration appears as Bitcoin pops back above $50,000, with its addition in a Gold-Bond portfolio outperforming the S&P 500 index. Go to Source Powered by WPeMatico
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Bloomberg senior strategist calls Bitcoin a global reserve asset on the path to $100K
Following a massive correction, digital assets led by Bitcoin and Ethereum are on track for new highs, according to a new report from Bloomberg. Go to Source Powered by WPeMatico
Dreading September? Bitcoin price hopes to break the slump trend
Despite BTC’s lackluster performance in September historically, 2021 could be an outlier to this trend if current market momentum persists. Go to Source Powered by WPeMatico
Bitcoin price overcomes $50K, stocks slide after disappointing US jobs report
Nonfarm payroll data shows the worst U.S. jobs gain in seven months, limiting concerns of Federal Reserve tapering this year. Go to Source Powered by WPeMatico
Traders identify $51K as the key level for Bitcoin to overcome in the short term
Bitcoin’s spike to $50,000 renewed calls for a new all-time high, but analysts caution that a daily close above $51,000 is needed to solidify the current uptrend. Go to Source Powered by WPeMatico
MicroStrategy stock flips bullish with MSTR a Bitcoin ‘proxy’ for institutional investors
The bullish setup has appeared after MSTR’s increasingly positive correlation with Bitcoin, the flagship cryptocurrency which has surged 339% year on year and is now struggling to close above $50,000. Go to Source Powered by WPeMatico
China mining shock may not be over yet, experts suggest
Despite Bitcoin’s perceived hash rate recovery, analysts noted that the recent 150 EH/s reading was based on a short 24-hour window. Go to Source Powered by WPeMatico
Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K?
Ethereum showing strength while Bitcoin is consolidating in a range beneath $50,000. Go to Source Powered by WPeMatico
Former US president calls crypto a ‘disaster waiting to happen’
He seemingly dismissed the crypto market’s potential in favor of strengthening the U.S. dollar in a recent interview. Go to Source Powered by WPeMatico
Anthony Scaramucci: $100K per BTC by year-end is still within reach
Exponential monthly growth in demand should propel Bitcoin to $100,000 by the end of 2021, according to the CEO of SkyBridge Capital, Anthony Scaramucci. Go to Source Powered by WPeMatico