Greg on Market Insights | 
The CFA Institute, a global association of investment professionals, announced its 2nd Annual Blockchain Conference, Climate & ESG Summit, National Pension Funds Conference for September 24th. Earlier in July, the CFA Institute made headlines when they added both Crypto & blockchain topics to its curriculum as part of the new reading called Fintech in Investment Management.
Frank on Market Insights | 
Thus far, the Turkey news hasn’t triggered an aggressive flight to cryptocurrency. Initially, it did, but Bitcoin remains in the same steep downtrend that commenced in late July. The risk remains for a bearish Head & Shoulders to develop atop the 6,000 level. A quick visit back to the 2018 lows could put a lot […]
Chinese private equity firm GSR Capital is investing as much as $270 million in blockchain startup tZero, a subsidiary of e-commerce giant Overstock.com
Greg on Market Insights |
The outer months of the the Chicago Mercantile Exchange’s Bitcoin futures traded slight higher this morning. Perhaps this could be prepositioning ahead of a SEC’s Bitcoin ETF decision in late September.
Greg on Market Insights |
TURKEY’S CURRENCY TURMOIL MAY UNDERSCORE THE NEED FOR CRYPTOCURRENCIES: The Turkish Lira is tumbling as investors panic before President Erdogan address. It seems that Turkey is edging closer to outright financial meltdown. The market route may act as a positive catalyst for the likes of Bitcoin and other Cryptocurrencies that are immune to poorly […]
An influx of lightning apps are mostly silly, but they demo a serious point: the tech enables bitcoin to compete with traditional payment rails.
Greg on Market Insights |
Cryptocurrencies are bouncing this morning. Ripple is leading the charge followed by Bitcoin. As highlighted by yesterday’s technical summary, we highlighted that the best rallies for Bitcoin year-to-date2018 have begun between $5,800 and $6,500. Today rally began at that midpoint!
Cryptocurrency technical analysts are warning against buying on the dip after the sell-off that shaved $600 billion from the value of digital coins since January.
Greg on Market Insights |
BLOOMBERG TECHNICAL RESEARCH HIGHLIGHTS $4,000 NEXT SUPPORT LEVEL: The recent swift decline in the price of Bitcoin (following the SEC’s decision to postpone the listing of the first Bitcoin ETF) has led to several bearish calls. One that seems to be making the rounds is a Bloomberg Intelligence report titled: “How Low Can Bitcoin Go? […]
Frank on Market Insights |
This zone has acted as support four times now since first revisiting it early February. Many eyes are focused here, and many traders may expect a strong rally to follow. That may happen, but we need to be aware that each rally has been happening within the confines of eight month downtrend. Downtrends, of course, […]
