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NEWS OF CRYPTO MINERS CAPITAL EXPENDITURES BUDGETS DECLINE IS A POSITIVE FOR CRYPTO COIN PRICES

As with with any commodity, capital spending budgets   (CAPEX) is closely watched by investors and traders to help forecast the next move in a particular commodity.  When marginal revenues are higher than marginal cost, producers of commoditized products are likely to add to CAPEX spending in an effort to grow production.  The net effect is […]

Short Term Bullish Pattern Developing

BITCOIN’S PRICE ACTION HAS BEEN QUIET ON THURSDAY, BUT A BULLISH TECHNICAL PATTERN IS BUILDING.  The price action from 8/7 through today has produced a potential inverse Head & Shoulders pattern.  We’ll need a break above the most recent highs (6,620) for this to officially trigger.  An uspide break would then target 7,300. Again, we’re not […]

Crypto Markets Rally as US Investors get Exposure to Bitcoin ETN | NewsBTC

Crypto Markets Rally as US Investors get Exposure to Bitcoin ETN | NewsBTC

Cryptocurrency markets are tentatively posting green numbers again after a disastrous start to August. Has the price just stopped letting blood or is the Bitcoin ETN to launch for US investors. The product is based in Sweden and will allow investors exposure to Bitcoin without them having to hold it.

Is the Bitcoin Bounce For Real?

BITCOIN IS EXPERIENCING ITS BIGGEST GAIN SINCE MID JULY, BUT CAN WE TRUST IT?   As many alt coins plummeted this past week, overall Crypto sentiment did, as well.  Anyone who purchased his/her first coin in 2017 can attest to this feeling. Bitcoin, itself, felt the pain, too, but unlike the other coins, it has respected its […]