BTC divided market to 2 camps

10 September, 2019

Crypto market participants were divided into 2 camps. The former believe that the current side trend is a harbinger of a deep correction. This scenario assumes that Bitcoin may decline to $8.5K or lower. What will happen to the altcoins, in this case, this group of investors is afraid to predict at all. The second group places great hopes on delivery futures and institutional money, which are about to start entering the market.

The news background, trade war, devaluation of national currencies, soft monetary policy and populism have become some kind of “backing” for cryptocurrencies. In addition, Bakkt has already started to accept deposits, announcing that it has insured user deposits of $125 million. Trading will begin on September 23, which could be a landmark day for Bitcoin and the entire cryptocurrency market. On Tuesday morning, Bitcoin trades around $10,300, showing almost unchanged dynamics over the day. TOP-10 altcoins show growth by 2-5% which confirms the forecasts for the possible revival of alternative coins.


Source  
Second wave of coronavirus could make Fed rethink negative interest rates15 May, 2020  

Another "big setback" in the U.S. economy could prompt the Federal Reserve to consider cutting interest rates into negative territory - but such a monetary...

Markets are excited about oil price rally too soon8 May, 2020  

Oil prices rallied for five consecutive days this week amid investor optimism over the relaxing of coronavirus lockdowns in the U.S. and around the world...

Gold has "growing potential" to break $18005 May, 2020  

Gold prices could "break the highs" seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank's Joni Teves...


US oil prices are on track for their worst day ever21 Apr, 2020  

U.S. oil prices were on track for their worst day on record on Monday, with crude storage facilities filling rapidly as the coronavirus pandemic continues to crush demand...

Coronavirus crisis will erase nearly a decade of oil demand growth15 Apr, 2020  

The International Energy Agency (IEA) said Wednesday that it expects the coronavirus crisis to erase almost a decade of oil demand growth in 2020...

Key U.S. coronavirus death projection revised down to 600009 Apr, 2020  

Some 60,000 Americans could die in the coronavirus pandemic, a university model often cited by U.S. and state policymakers projected on Wednesday...


Coronavirus likely ended record U.S. job growth6 Apr, 2020  

The U.S. economy likely shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the coronavirus...

COVID-19: White House predicts 100000 to 240000 to die in US1 Apr, 2020  

President Donald Trump prepared Americans for a coming surge in coronavirus cases, calling COVID-19 a plague...

Coronavirus pandemic driving sales of appliances for health31 Mar, 2020  

Now that consumers have stocked up on toilet paper, disinfectant wipes and other household necessities...