Archive: Bitcoin
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The Vicious Cycle of Fuel Prices, Energy Consumption and Crypto
By Yasmin Sharbaf on October 14, 2022
Crypto Market Musings The Consumer Price Index (CPI) for the month of September is finally here, and it’s not what economists and the Fed wanted. The CPI increased 8.2% from last September and increased 0.4% month to month. The financial markets tumbled right after yesterday morning’s news. Ethereum fell by more than 4%, reaching below $1,250. Bitcoin also reacted poorly, diving below $19,000. Fortunately, both the crypto and stock markets recovered later in the afternoon. Let’s…
It’s Time to Retire the “Bitcoin as Digital Gold” Analogy
By Vin Narayanan on October 7, 2022
Crypto Market Musings As of this writing, bitcoin is up about 3% over the last seven days and trading around $20,000. Ethereum is up about 2% over the last seven days and trading around $1,358. There’s no Fed meeting this month, so we won’t…
New Pick: The Next Generation of Sports Fandom
By Vin Narayanan on September 30, 2022
It’s been a heavy year for crypto investors. We’ve spent the year talking about bear markets, inflation, interest rates, stock market correlation, dollar cost averaging and so much more. These are all important topics. They’re hardly fun or exciting, though. And investing in crypto…
New Pick: Taking Interoperability to a New Level
By Vin Narayanan on September 29, 2022
In bear markets, people tend to fixate on bitcoin and ethereum when it comes to crypto. And for good reason. If bitcoin and ethereum are falling, the crypto markets are likely following their lead. But if you look beyond bitcoin and ethereum, it’s possible to find…
Regulators Try to Tighten Their Grip on Crypto
By Yasmin Sharbaf on September 23, 2022
Crypto Market Musings On Wednesday, the Fed raised interest rates for the third time this year by 75 basis points. Both the stock and crypto markets responded quickly to the aggressive rate hike. As of this writing, bitcoin is down 2.6% and trading below $19,000. Ethereum fell by…
Why Some Market Events Aren’t “Priced In”
By Olivia Strobl on September 16, 2022
Crypto Market Musings The long-awaited Ethereum Merge occurred September 15th at around 3 AM ET. As of this writing, ethereum is down around 8% following the Merge. The Ethereum blockchain has now moved from a proof of work consensus mechanism to proof of…
Ethereum Outperforms the Market… for Now
By Vin Narayanan on September 9, 2022
Crypto Market Musings Can August please come back? On August 1, bitcoin was trading around $23,000. On August 31, it was trading around $20,000. As of this writing, it’s trading around $19,360. I like August’s numbers better. My general approach to bear markets is summed up…
Crypto Insider: Two Cryptos We’re Following
By Early Investing on August 29, 2022
For crypto investors, curiosity is a virtue. The crypto market is full of fascinating tokens for us to consider. Some projects, like bitcoin, are well established. Others are brand new. And new projects are emerging all the time. So if a coin catches your eye, research…
The Crypto Rally Is Over – What’s Next?
By Yasmin Sharbaf on August 19, 2022
Editor’s Note: Vin is out of the office attending LA Tech Week. So KingsCrowd Investment Research Analyst Yasmin Sharbaf is filling in for him on this weekly crypto market update. We think you’ll be interested to hear her point of view. Crypto Market Musings Last week,…
Crypto and Public Markets Take Inflation in Stride
By Vin Narayanan on August 12, 2022
Crypto Market Musings Finally, some good news. Bitcoin is trading around $24,000 and is up by more than 4% over the last seven days. Ethereum is trading above $1,880 and is up more than 10%. This week’s inflation data triggered the rally. The consumer price index…
New Pick: An Ethereum Alternative With a Stunning Transaction Rate
By Vin Narayanan on August 11, 2022
As I’ve written — and said — often, trying to time the markets is a fool’s errand. The crypto markets, in particular, are too volatile to time precisely. And for buy-and-hold investors, investment time horizons are more important than investing at exactly the right moment. If you’re holding…
Demystifying Bitcoin Bottom Predictions
By Olivia Strobl on August 5, 2022
Editor’s Note: Vin is out of the office this week. So KingsCrowd Investment Research Manager Olivia Strobl is stepping in. We think you’ll enjoy her take on the crypto markets. Crypto Market Musings So much happened last week that I don’t know where to begin.
News Fix: Crypto Bear Market Edition
By Allison Brickell on August 3, 2022
We’ve made it to the dog days of summer. The crypto markets haven’t exactly been hot — in fact, they’ve been pretty cold for the last few months. But that doesn’t mean it’s all bad news. Market Update The crypto market is still in bear market…
New Pick: Invest in Better Crypto Wallets
By Vin Narayanan on July 29, 2022
We’re firm believers in investing in good projects with long-term upside — projects that can survive multiple bear markets, thrive in bull markets and deliver outsized returns over the long run. Finding projects like that with solid traction is even more difficult.
Crypto Monitor: Why Bitcoin Is Correlated With the Stock Market
By Early Investing on July 22, 2022
Bitcoin has historically been a non-correlated asset. Over the last 12 years or so, bitcoin has not moved in tandem with the stock market. But this year, that relationship changed. Bitcoin seems to be moving in lockstep with the broader markets. But why? And…
Crypto Bear Market Continues Despite Relief Rally
By Vin Narayanan on July 22, 2022
Crypto Market Musings Relief rallies happen when a lack of bad news — or news that wasn’t quite as bad as investors expected — causes the markets to go up. And they typically take place during bear markets. We usually don’t…