Fundstrat – Page 2

The Daily: EU Budgets €1M to Monitor Crypto, Wyoming Mulls Fintech Bank

The Daily: EU to Spend €1M to Monitor Crypto Space, Wyoming Mulls Bank for Fintech Firms The European securities and markets watchdog ESMA has dedicated over 1 million euros to finance the monitoring of developments in the crypto sector. Also in The Daily this Saturday, Wyoming legislators are working on a bill that would facilitate the provision of banking services to crypto and blockchain companies, and according to a new survey, […]

The post The Daily: EU Budgets €1M to Monitor Crypto, Wyoming Mulls Fintech Bank appeared first on Bitcoin News.

Go to Source

Markets Update: Cryptocurrencies Dip Again Forming Consolidated Support

Markets Update: Cryptocurrencies Dip Again Forming Consolidated Support Just when cryptocurrency prices were starting to look better, digital asset markets shaved around $19 billion USD off the entire crypto-economy. Today the cryptocurrency ecosystem’s 1,900+ coins have an overall market capitalization of about $210 billion and about $14 billion in global trade volume. Also read: Ebang Announces 44 Terahash E-11 Miners With 10nm Chips The […]

The post Markets Update: Cryptocurrencies Dip Again Forming Consolidated Support appeared first on Bitcoin News.

Go to Source

BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position

During Brutal Bear Market, Bitcoin Hashpower Doubles According to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. “Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18m” Mr. Doctor tweeted. “Breakeven now […]

The post BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position appeared first on Bitcoin News.

Go to Source

The Altcoin Correction Index Gives an Alternative View of Crypto Assets

The Altcoin Correction Index Gives an Alternative View of Crypto Assets Analysts are always seeking new ways to assess cryptocurrencies. Different metrics provide insights that can be used to gauge various trends, such as estimating when a particular asset has bottomed out and is due to rise. The Altcoin Correction Index provides an unvarnished snapshot of this year’s worst performing cryptos. Also read: Blockchain, Reloaded: How the […]

The post The Altcoin Correction Index Gives an Alternative View of Crypto Assets appeared first on Bitcoin News.

Go to Source

Emerging Markets Are the Biggest Determinant of Bitcoin’s Price Movement: Fundstrat’s Tom Lee

Mining and network effects affect the price of Bitcoin, but according to Tom Lee, the biggest determinant of Bitcoin’s price movement is the emerging markets. In a recent interview, the Bitcoin researcher from Fundstrat Global Advisors stated that the economic factors at play in emerging markets have had the biggest effect on the price of […]

Go to Source

Tom Lee Blames the Cboe Futures for Crashing the Bitcoin Price

There is still plenty of speculation as to why the Bitcoin price has plummeted over the past few months. Some sources hint at Tether’s involvement, whereas Fundstrat’s Tom Lee has a completely different view. In his opinion, the expiration of Cboe’s Bitcoin futures are the main culprit. Factors Influencing the Bitcoin Price Although Bitcoin markets […]

Go to Source

Add Crypto to Investment Portfolio: Enhance Return, Reduce Risk/Volatility

Add Crypto to Investment Portfolio: Enhance Return, Reduce Risk/Volatility As an emerging asset class, cryptocurrency and blockchain technology related investments are gaining begrudging respect among finance professionals. Market slides aside for the moment, a study released by Grayscale Investments attempts to make the case investors should seriously consider adding crypto to their respective portfolios, as they bring better returns and, counterintuitively, reduce risk and […]

The post Add Crypto to Investment Portfolio: Enhance Return, Reduce Risk/Volatility appeared first on Bitcoin News.

Go to Source

Fundstrat Analyst Claims Bitcoin’s Bottom Is In

There are still a lot of genuine concerns over the future of the Bitcoin price. Considering that the first half of 2018 has been anything but positive, more bearish pressure can be expected. Fundstrat strategist Robert Sluymer, however, is confident that the worst is behind us and that Bitcoin has bottomed out. What’s Next for Bitcoin? Compared to late 2017, the current Bitcoin price is almost too cheap to pass up. That is not necessarily how most people feel about the world’s leading cryptocurrency right now, though, as there is still plenty of panic in the market these days. Some industry experts are confident

Go to Source

DOJ Crypto Investigation Tanks Prices, Fundstrat Welcomes Adult Supervision

DOJ Crypto Investigation Tanks Prices, Fundstrat Welcomes Adult Supervision Investigations are all about the crypto ecosystem, but a recent report regarding a US Department of Justice price manipulation crackdown was widely said to be the cause of market caps falling, and by a lot. Fundstrat, the ecosystem’s favorite financial professional crypto bull, is on record as welcoming government regulation, what it calls “adult supervision.” […]

The post DOJ Crypto Investigation Tanks Prices, Fundstrat Welcomes Adult Supervision appeared first on Bitcoin News.

Go to Source

Bitcoin Price Watch: Currency Moves Up to $8,300

Bitcoin has incurred a slight price jump in the last 24 hours. The currency was trading at a measly $8,200 during yesterday’s afternoon hours, but has since spiked by roughly $100 to trade at its current price of $8,300. It’s nothing huge, but it’s a step in the right direction. Bitcoin had previously started a journey that many of us originally thought would ease the currency closer towards recovery. A price bump had initially occurred after the start of the Coindesk Consensus Conference on Monday, and bitcoin was trading for as high as $8,500. With the Conference now over, bitcoin

Go to Source