Bookmarking Crypto Insights
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“A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage,” Bloomberg ETF analysts said. Go to Source Powered by WPeMatico
Long-dated US Treasury yields are slumping ahead of the Jackson Hole meeting. Go to Source Powered by WPeMatico
According to Bloomberg, the nine DeFi assets selected for the index at launch were based on “institutional trading and custody readiness” in the United States. Go to Source Powered by WPeMatico
The statement appeared as a takeaway from Blockworks’ Bretton Woods: The Realignment conference that gathered economists, macro analysts, and investors to discuss Bitcoin. Go to Source Powered by WPeMatico
“If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Go to Source Powered by WPeMatico
Bloomberg Intelligence analyst Mike McGlone sees “a refreshed bull market” for bitcoin. Comparing the performance of the cryptocurrency to the start of 2019, he explained, “we see performance parallels that could get the benchmark crypto back on track toward $100,000.” Bitcoin Back on Track Toward $100,000 Bloomberg Intelligence published analyst Mike McGlone’s August cryptocurrency outlook … Read more
The 50-week simple moving average earlier offered incredible support to Bitcoin’s long-term bullish bias. But bears took it convincingly during the Monday sell-off. Go to Source Powered by WPeMatico
On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the … Read more
“Bitcoin $20,000 or $100,000 in 2021? Crypto Trend Is Upward,” wrote Bloomberg senior commodity strategist Mike McGlone. Go to Source Powered by WPeMatico
This week’s price dip showed that cryptocurrency has “entered the mainstream,” says analyst Mike McGlone, and the future is likely “tilted in its favor.” Go to Source Powered by WPeMatico
