Delta Variant – DIGIT INFO

Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid

DIGIT — Mon, 09 Aug 2021 21:00:29 +0000

The price of an ounce of gold dropped dramatically this week, slipping under the $1,700 handle to $1,688 per ounce on August 8. On Monday, gold regained some of the losses jumping 2.36% back above the $1.7K region to $1,727 per ounce of fine gold. Gold’s Volatile Movements This Weekend Blamed on a Number of […]

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Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support

DIGIT — Sun, 25 Jul 2021 05:16:51 +0000

The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the $20K support range. […]

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$13K Bitcoin price predictions emerge with BTC falling below historic trendline

DIGIT — Tue, 20 Jul 2021 17:41:04 +0000

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.

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Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices

DIGIT — Tue, 20 Jul 2021 14:30:00 +0000

Bitcoin’s drop below $30,000 has sparked worries that it is heading to $20,000 next. But is such a massive drop feasible against the current macro fundamentals?

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As the Stock Market Dives Report Shows ‘US Households Now Have Record High Exposure to Stocks’

DIGIT — Mon, 19 Jul 2021 19:00:53 +0000

While inflation has kicked up in the U.S., following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “U.S. households now have record high exposure to stocks.” The news comes at a time when many analysts and economists believe equities markets are in a […]

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Strong Bitcoin accumulation spotted as BTC price refuses to fall below $30K

DIGIT — Sun, 11 Jul 2021 15:19:28 +0000

Glassnode data reveals that investors with a long-term risk outlook have started accumulating Bitcoin during its recent downtrend.

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