Archive: btc
Bitcoin Decouples From Stocks, Moves Closer to Gold
By Vin Narayanan on June 2, 2023
Crypto Market Musings It’s been a relatively calm week for crypto. Bitcoin is up 1.73% over the last seven days as of this writing. Ethereum is up 3.54% over the same period. Monero is down 1.93%. Crypto has largely decoupled from the Nasdaq and the S&P 500 and become more correlated with gold. The charts below show bitcoin (dark blue line) moving out of sync with the stock markets and more in sync with gold. BTC…
Ethereum’s Price Action Is Tied to the Shanghai Upgrade
By Vin Narayanan on April 7, 2023
Crypto Market Musings Bitcoin is having a year. In the midst of a banking crisis and regulatory upheaval, bitcoin quietly posted a 72% gain in the first quarter of this year. That’s bitcoin’s most popular quarter since the first quarter of 2021, when bitcoin’s price went up 102%.
New Pick: A Sophisticated DEX Aiming for Cross-Chain Harmony
By Vin Narayanan on January 27, 2023
One of the trickier elements of crypto portfolio construction is knowing when to diversify and when to double down on elements that are working. In order to be successful, you have to do both. For the past 12 months, we’ve focused mostly on diversification. We needed…
SBF and the Fear of Future AI Overlords
By Olivia Strobl on December 9, 2022
Crypto Market Musings Over the past week, bitcoin and ethereum have begun to stabilize following the spectacular collapse of FTX and the fall of crypto tycoon Sam Bankman-Fried (SBF). BTC prices have hovered around $17,000, and ETH prices have hovered around $1,300. According to…
Bitcoin Gives Investors a Break During the Bear Market
By Vin Narayanan on October 21, 2022
Crypto Market Musings Bitcoin (BTC) is traditionally an extremely volatile asset. But not right now. Bitcoin volatility (.BVOL) is at a 100-day low. Since September 1, bitcoin has largely been trading in a narrow range between $18,400 and $20,000. And BTC…
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…
A Strong Dollar Drives Bitcoin’s Price Down
By Vin Narayanan on July 15, 2022
Crypto Market Musings Phew. June inflation numbers came in hot on Wednesday — and the markets mostly yawned. Bitcoin is trading (as of this writing) at around $20,000. It was trading around $21,000 last week. Ethereum is trading around $1,131. It…
2020 Turned Into a Great Year for Crypto
By Adam Sharp on December 31, 2020
It’s been an amazing year in crypto! We had a nasty dip in the spring — followed by a roaring comeback once people realized crypto was created for these economic times (massive money printing and even lower interest rates). Things are truly starting to get interesting…
Bitcoin is Looking Better Than Ever
By Adam Sharp on October 16, 2020
Long-time readers know I’m always bullish on bitcoin over the long-term. But recently I’ve become extremely bullish over the short- and mid-term. Let me tell you why. On October 7th, Square — a publicly-traded $82 billion financial giant — announced that they purchased $50…
What We Should Learn From the Twitter Hack
By Adam Sharp on July 17, 2020
By now, you’ve probably heard about the major hack that occurred on Twitter. The accounts of Elon Musk, Bill Gates, Coinbase, Gemini, Barack Obama, Apple and others were taken over by bad actors on Wednesday. Once this individual (or group) successfully…
Crypto Monitor: Feeling Good About Crypto
By Vin Narayanan on June 5, 2020
Crypto Monitor is back! Adam and I are both working from home. But we’ve figured out how we can keep bringing you this show every other week. Click on the video to watch this week’s show. Or read the summary below. This week,…
More Institutional Proof for Bitcoin
By Adam Sharp on May 29, 2020
This week we received more proof that institutions are buying up Bitcoin. I highly recommend reading this recent Decrypt piece titled “Hedge funds are buying Bitcoin despite Goldman Sachs’ skepticism.” Here’s an excerpt: Since Bitcoin’s block reward halving, digital asset manager Grayscale Investments has purchased more…
Bitcoin Holds Above Support Levels and Maintains Its Upward Streak
By Adam Sharp on December 20, 2019
Bitcoin is holding above a key support level, and the media is finally catching on to the halving next year. So now is a great time to buy.
Binance Launches Its U.S. Exchange
By Vin Narayanan on September 20, 2019
Binance has launched its U.S. exchange, which is great news for U.S. investors. VanEck and SolidX have less-than-great news... but the crypto world is chugging along regardless.