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3 Reasons Why Bitcoin Price Will Continue Rising

3 Reasons Why Bitcoin Price Will Continue Rising

Institutional demand, subsiding price volatility, and the Federal Reserve having no plans to taper its economic relief spending are 3 reasons why Bitcoin will continue to rise.

Jun 03: Crypto is not for the faint-hearted

Jun 03: Crypto is not for the faint-hearted

Welcome to the world of volatility. Crypto never sleeps. Bitcoin got whipsaw squeezing shorts to trade above $10,400 on Monday only to get smashed down to $9,300 with fresh longs capitulated (see chart below).

US Crypto Exchange Kraken Predicts Bitcoin Price Crash in September

US Crypto Exchange Kraken Predicts Bitcoin Price Crash in September

US-based crypto exchange Kraken predicts the Bitcoin price will crash in September followed by a return to extreme volatility.

Bitcoin Bull Run to Take a Breather Before Further Price Surges and Volatility Ahead, Gold Surges Past $2,000

Bitcoin Bull Run to Take a Breather Before Further Price Surges and Volatility Ahead, Gold Surges Past $2,000

Bitcoin price surged past $12,100 on Aug 2, reaching its all-time high in 2020 so far. Since Bitcoin’s bull run on Sunday, Bitcoin appears to be consolidating before its next jump.

Bitfinex: The Crisis Tested Liquid Exchange King for Bitcoin and Ethereum Trading

Bitfinex: The Crisis Tested Liquid Exchange King for Bitcoin and Ethereum Trading

During the March 12 stock market crash instigated by the coronavirus pandemic’s disruption to the world economy, cryptocurrency exchanges experienced a massive sell-off of Bitcoin and Ethereum. When the liquidation panic finally settled down, Bitfinex emerged as one of the few exchanges that had been able to take the extreme volatility in stride.

April 21: Essential Oil No More

April 21: Essential Oil No More

Trading Crypto with Eugene is a series of daily commentary of market analysis and trading advice shared by Eugene Ng of Matrixport, a veteran trader with 10 years of experience in top-tier global investment banks. Hope you find it helpful.

US Crypto Exchange Kraken Predicts Bitcoin Price Will Rally in October

US Crypto Exchange Kraken Predicts Bitcoin Price Will Rally in October

US-based crypto exchange Kraken has released its September 2020 volatility report which predicts that Bitcoin’s price will likely rally in October.

Could Stock Market Turbulence and US Elections Send Bitcoin Crashing Down?

Could Stock Market Turbulence and US Elections Send Bitcoin Crashing Down?

Bitcoin has plunged from highs of more than $11K to lows of $10,400, and analysts have looked at US stock markets to explain the cryptocurrency’s price dip.

When China Yuan Sneezes, Bitcoin Wears a Mask

When China Yuan Sneezes, Bitcoin Wears a Mask

My thesis continues to be that larger accounts (i.e. whales who own > 1000 BTC) have started to liquidate (which I shared yesterday that this number have continued to decline for the past two weeks), and potentially chase/re-allocate into equities.

Bitcoin’s Price Remains Stable Despite Crypto Market Crash, BTC Matures into a Less Volatile Asset

Bitcoin’s Price Remains Stable Despite Crypto Market Crash, BTC Matures into a Less Volatile Asset

The world’s largest cryptocurrency has seen slight volatility, and has dropped back down below the $23,000 level, before gaining strength to trade at $23,172.

Bitcoin Network Mining Difficulty Nears ATH as Institutional Investors Dismiss BTC Price Volatility

Bitcoin Network Mining Difficulty Nears ATH as Institutional Investors Dismiss BTC Price Volatility

Bitcoin’s network mining difficulty has risen by 8.9 percent today, and is now only 4.4 percent below its all-time high.

May 13: ALT Coins Give You Wings

May 13: ALT Coins Give You Wings

Trade Strategy: Similar to yesterday. I've closed my long volatility trades, and will start to sell some volatility here and whenever it spikes. While implied volatility has sharply declined from 100% to 80% since Sunday, the longer-term average before the 12 March crash is around 55-60% so there's still juice to be short vol.

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