This is the largest rate cut since the COVID-19 pandemic. In such a scenario, bitcoin can stand out as an investment and store of value asset. Globally, there is a trend of cuts in interest rates, which represents an injection of liquidity to the economy and also to the financial markets. According to the count … Read more
Bitcoin could hit a long-term low after October ends. The pullback to 60,000 is not a surprise, for Ng. Beyond the bullish expectations that abound about bitcoin (BTC) for October, there are factors that still show headwinds. “Investor eyes are eagerly set on October or, as it is known among cryptocurrency circles, uptober”, indicates financial … Read more
Bitcoin behaves as a “risk asset”, but has rapid recoveries. The price of oil skyrockets due to the possibility of greater shortages. October started “on the wrong foot.” A few hours into the tenth month of the year, war conflicts in the Middle East, Russia and Ukraine escalate to new heights. There are even those … Read more
October is historically one of the most bullish months for bitcoin, along with February. For this reason it has earned the nickname ‘uptober‘ (play on words in English that can be translated as “bullish October”). The following graph, taken from the platform CoinGlassshows that, since 2013, bitcoin had 9 positive Octobers and only 2 slightly … Read more
On past occasions, BTC had “crashed” due to wars and rumors of wars. Various factors combine to keep the price of bitcoin strong. The price of bitcoin (BTC) has shown great sensitivity to global political, macroeconomic and war events in recent years. Any situation that may be perceived as chaotic or critical, in general, negatively … Read more
2024 is coming to an end. The fourth quarter of the year is already among us. And investors in bitcoin (BTC) and cryptocurrencies are waiting to see what will happen. Many have good feelings. Reasons are not lacking. October has historically been, along with February, one of the most bullish months for bitcoin throughout its … Read more
With the arrival of the price of gold to a new historical maximum last week, above 2,685 dollars (USD) per ounce, expectations about its continuity have grown. “We raise our forecasts for gold to USD 2,750 per ounce by the end of 2024,” he said in a report the Swiss investment bank UBS. This is … Read more
The Chinese government must maintain a delicate balance if it wants to avoid serious consequences. Globally, the “China effect” is already making an impact. China, the country with the largest gross domestic product (GDP) in the world and therefore a global economic power, faces a seemingly contradictory situation in its finances. On the one hand, … Read more
This week will be full of different reports and events from the financial world that could influence investors’ operations. Therefore, depending on how they are perceived, it is possible to see their impact on the prices of assets, including bitcoin (BTC) and cryptocurrencies. First of all, A speech by Jerome Powell, president of the Federal … Read more
There is one day left until October begins. This is, along with February, one of the most historically bullish months for the price of bitcoin (BTC). Since 2013, bitcoin closed 9 Octobers with positive returns and only 2 slightly negative Octobers. The following graph, taken from the platform CoinGlassallows us to observe this historical behavior … Read more