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The Bitcoin embrace continues

By Klavs Valters  @klavsvalters A few weeks ago, it was announced that Tesla had purchased $1.5 billion worth of Bitcoin, sending the price of the world’s largest cryptocurrency to record highs. This week, two more major US companies announced they have invested more funds in the digital currency. Square  Earlier in the week, Square a paymen...

February 25, 2021
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Elon gives Bitcoin a boost

By Klavs Valters  @klavsvalters It is no secret that Elon Musk has been very outspoken about Bitcoin in recent times. Last week, the Tesla CEO changed his Twitter bio to #bitcoin, which has since been removed. Today, it was announced that Tesla has bought $1.5 billion worth of world’s largest cryptocurrency, according to a Securities and Exchan...

February 9, 2021
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Ethereum hits all-time high

By Klavs Valters  @klavsvalters Ethereum has reached its highest level after surging by around 7% in the last 24 hours. The world’s second-largest digital currency (by market cap) rose above the $1,600 level. Ethereum is now up by over 26% in the last 7 days. Its total market now stands at over $186 billion, higher than the market cap of Citigr...

February 4, 2021
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Who let the bulls out? Bitcoin breaks past $23k

By Klavs Valters  @klavsvalters $20k, $21k, $22k, $23k - that is how many price levels Bitcoin broke after surging by over 12% in the last 24 hours. The world's largest cryptocurrency reached its highest ever level of around $23,421, adding fuel to the bull run. Bitcoin has enjoyed a tremendous run over the last 7-days after dipping down to ar...

December 17, 2020
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Bitcoin hits all-time high

By Klavs Valters  @klavsvalters It has happened - Bitcoin has reached its highest level since December 2017 after surging by around 9% on Monday. World's largest digital currency (by market cap) touched $19,860 level beating the previous all-time high of $19,783 set in December 2017. BTC/USD – Daily chart I wrote last week that this rally doe...

December 1, 2020
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COTD: XRPUSD- Increased Demand Could Target $1.18

XRPUSD- Point & Figure XRPUSD - It's been a wild few sessions for the cryptocurrency space as a whole, particularly with Bitcoin creeping back up towards the $20,000 price region. In amongst this surge of activity, today's Chart of The Day will be looking at one of the major altcoins XRP using the point and figure method. The crypto XRP has...

November 25, 2020
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Cryptos on the rise – again

By Klavs Valters  @klavsvalters Cryptocurrencies have been making headlines yet again after seeing tremendous rallies over the last few weeks. We saw Bitcoin breaking past $19,000 for the first time in 3 years today. World's biggest cryptocurrency has surged by nearly 40% this month and seems to be on its way to its all-time high of $19,783 reach...

November 25, 2020
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COTD: BTCUSD – Bitcoin Bulls Feeling The Heat

BTCUSD - Point & Figure (BTCUSD) Bitcoin After a typically volatile week for Bitcoin, some traders are beginning to question whether the most recent rally towards $12,500 was merely a flash in the pan or perhaps signs of a spectacular rise brewing in the cryptocurrency. The Point & Figure chart above suggests that the bulls should procee...

September 4, 2020
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Chart of the Day: AUDNZD – Short-term downward pressure?

AUDNZD - 4HR AUDNZD (4HR) It's the final Chart of The Day for the week, and with this one, we're focussed on the Australasia region looking at AUDNZD on the 4hr time frame. Despite the longer-term indicators appearing bullish, some of the shorter ones tell a different story. I've chosen an Ichimoku chart for this as it provides a clearer view in...

August 28, 2020
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Chart of the Day: ETHUSD – Ethereum on the move

ETHUSD - Daily ETHUSD (Daily) We are keeping it relatively simple on this Chart of The Day, having a quick look at Ethereum on the daily time frame. A recent sell-off in the cryptocurrency took some analysts by surprise, given the speculative chatter of a fresh new bull run in this space. However, it may just be an overdue correction, as I'll exp...

August 27, 2020
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“Digital Gold” – New Safe-Haven Asset?

By Deepta Bolaky  @DeeptaGOMarkets During times of market turbulence, investors usually seek safety with safe-havens. Wall Street’s fear gauge indicator, the CBOE Volatility Index jumped by nearly 40% at the start of the week on fears of heightened trade tensions and currency war. Money was seen flowing into safe-havens amid heightened geopolit...

August 8, 2019
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Adoption of Crypto: New Hope with Libra?

By Deepta Bolaky  @DeeptaGOMarkets A New Digital Currency From banning all ads promoting cryptocurrencies back in January 2018, Facebook’s move into the digital world is definitely grabbing attention. The social media giant shared its plans to launch a new digital wallet- Calibra and a new digital currency – Libra. At first glance, the launch...

June 20, 2019
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Bitcoin – Diverging opinions

By Deepta Bolaky  @DeeptaGOMarkets Some of us are still struggling to understand the concept of cryptocurrencies. Bitcoin prices have soared in 2017, and media speculations drove the popularity of Bitcoin to such extent that retail investors entered the markets without much knowledge. By now, Bitcoin is tested and proven to the market. It is th...

November 28, 2018
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Price Analysis of BTCUSD and ETHUSD

By Deepta Bolaky  @DeeptaGOMarkets 2018 has sent cryptocurrencies into a bear market as bans, hacks, regulatory crackdowns and regulations overshadowed the crypto-land. It is difficult to conclude whether cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple have already bottomed down or have room to fall further to the d...

October 8, 2018
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xRapid – The Future for Financial Institutions?

  If you have followed cryptocurrencies, you have most likely heard of Ripple. But if haven’t, Ripple is a real-time gross settlement system and currency system created by the Ripple company. It provides one frictionless experience to send money globally using the power of blockchain. By using Ripple, financial organisations can process the...

September 28, 2018
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