stimulus

Economic Crisis Leaves US Government Officials in State of Confusion

Source Node: https://beincrypto.com/economic-crisis-leaves-us-government-officials-in-state-of-confusion/
Time Stamp: August 9, 2020 1:20 PM - Modified On: May 21, 2021 - Published By:
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The continuing economic trauma from the COVID-19 crisis has left US government officials in a state of confusion. While some argue for opening the economy, others are advocating for a complete shutdown. The lack of clear economic policy direction is becoming more and more apparent as the crisis unfolds. The difficulty appears to be the potential impact of another shutdown weighed against the continued economic stagnation from partial closures. US Economy Bleeding Out The Federal Reserve Bank of Minneapolis President Neel Kashkari is on the side of complete closure. In

Eerily Accurate Analyst Thinks Bitcoin Could Hit $20,000 in the Next 3 Months

Source Node: https://bitcoinist.com/eerily-accurate-analyst-bitcoin-hit-25000-next-3-months/?utm_source=rss&utm_medium=rss&utm_campaign=eerily-accurate-analyst-bitcoin-hit-25000-next-3-months
Time Stamp: August 8, 2020 3:00 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin has finally started to show weakness after recovering from last weekend’s flash crash. After falling as low as $10,500 last weekend, the leading cryptocurrency surged as high as $11,950 before retracing. As of the time of this article’s writing, BTC trades for $11,500, sliding to this critical level from the aforementioned highs. The retracement for Bitcoin has been bearish, especially considering it was rejected at $12,000 again. Some remain optimistic that Bitcoin bulls are in control, though. One historically accurate analyst that predicted BTC’s macro price action is still

Analysts Fear an Ethereum Drop to $300 As Price Becomes “Heavy”

Source Node: https://bitcoinist.com/analysts-fear-an-ethereum-drop-to-300-as-price-becomes-heavy/?utm_source=rss&utm_medium=rss&utm_campaign=analysts-fear-an-ethereum-drop-to-300-as-price-becomes-heavy
Time Stamp: August 8, 2020 12:00 AM - Modified On: May 21, 2021 - Published By:
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Ethereum has begun to drop over the past 24 hours as the asset was once again rejected at $400. $400 is a psychological and technical resistance for the leading cryptocurrency, which is still up 50% in the past two weeks. Analysts believe that the recent price weakness could be a precursor to a stronger retracement in the days ahead. One commentator is predicting a drop to $300. This purportedly lines up with important technical levels on Ethereum’s medium-term chart. Investors in ETH should watch Bitcoin and other markets for some

Bullish Bitcoin Price Trend Intact Even After BTC Retests $11.4K Support

Source Node: https://cointelegraph.com/news/bullish-bitcoin-price-trend-intact-even-after-btc-retests-114k-support
Time Stamp: August 7, 2020 9:48 PM - Modified On: May 21, 2021 - Published By:
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 Bitcoin (BTC) price swiftly fell to $11,322 after reaching a daily high at $11,909The drop came as U.S. jobless claims fell to $1.2 million but lawmakers inability to reach a deal on the next coronavirus stimulus package has worried some investorsDespite the pullback to the $11.4K support, Bitcoin price remains in an uptrend Crypto market daily price chart. Source: Coin360Earlier today Bitcoin (BTC) price abruptly dropped to $11,322 after topping out at $11,909.The mild correction came as U.S. jobless claims fell to 1.2 million and U.S. markets opened slightly in the

BitMEX Leaderboard Trader Fears Bitcoin Could See a Second “Flash Dump”

Source Node: https://bitcoinist.com/bitmex-leaderboard-trader-fears-bitcoin-could-see-a-second-flash-dump/?utm_source=rss&utm_medium=rss&utm_campaign=bitmex-leaderboard-trader-fears-bitcoin-could-see-a-second-flash-dump
Time Stamp: August 7, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has slid lower over the past 24 hours as the cryptocurrency failed to surmount $12,000 in the latest leg higher. As of the time of this article’s writing, BTC trades for $11,600 — 5% shy of the local highs. Investors are still reeling from the flash crash that transpired approximately one week ago. While that was seemingly a black swan event, a trader is fearing a secondary event. The individual in question is a two-time BitMEX return on equity (ROE) leaderboard trader, meaning he has a strong track record.

Bitcoin Plunges Under Pivotal $11.5k Support: What Do Analysts Think Is Next?

Source Node: https://bitcoinist.com/bitcoin-plunges-under-pivotal-115k-support/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-plunges-under-pivotal-115k-support
Time Stamp: August 7, 2020 2:50 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is slipping lower after peaking at $11,950 just the other day. This marked the second major rejection at the pivotal $12,000 level in the span of a week. As of the time of this article’s writing, BTC is trading for $11,400. This is the lowest price in days, with the asset last trading this low after last week’s flash crash. Analysts believe that Bitcoin’s ongoing drop could be a precursor to a greater move lower. $11,500 has been a level that traders have been watching with intrigue. Some have

Why Toppling Silver and Gold Prices Could Be Especially Bad for Bitcoin

Source Node: https://bitcoinist.com/why-toppling-silver-and-gold-prices-could-be-especially-bad-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=why-toppling-silver-and-gold-prices-could-be-especially-bad-bitcoin
Time Stamp: August 7, 2020 11:09 AM - Modified On: May 21, 2021 - Published By:
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In March 2020, the stock market dragged cryptocurrencies down to their Black Thursday bottom. Since then, however, soaring gold and silver prices have helped restore interest in Bitcoin and altcoins. These hard, digitally scarce assets are expected to perform similarly to precious metals due to similar supply attributes. Still, it also could cause a disastrous crash in crypto as a result. Silver and Gold Rally Ready For Pullback And Dollar Stages Overdue Recovery The dollar has been in steady decline, with top financial market analysts from the likes of Goldman

Bitcoin Eyes $14K as US Dollar Breaks Below Classic Support

Source Node: https://bitcoinist.com/bitcoin-eyes-14k-as-us-dollar-breaks-below-classic-support/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-eyes-14k-as-us-dollar-breaks-below-classic-support
Time Stamp: August 6, 2020 1:26 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin pressed higher on Wednesday after finding reliable support at $10,500. The upside move appeared as the US dollar index broke below its classic trendline support that originated back in 2011. With greenback setting new downside targets based on technical parameters, Bitcoin could extend its gains further as it eyes a $14,000-retest. Bitcoin climbed higher during the Wednesday trading session as demand for alternative safe-havens remained stronger against an underperforming US dollar. The benchmark cryptocurrency rose 5 percent to close at $11,756.75 (data from Coinbase). Its gains followed a record

The Bulls Are Back in the Digital Asset Market

Source Node: https://www.bitcoinmarketjournal.com/the-bulls-are-back-in-the-digital-asset-market/
Time Stamp: August 3, 2020 3:03 PM - Modified On: May 21, 2021 - Published By:
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Hope you had an excellent weekend. It’s become a bit of a rarity lately while bitcoin was sitting flat, but now that crypto is in a bull market again, I suppose it makes sense to see some volatility over the weekend. Hope it’s not surprising to anyone. Stocks are moving up, precious metals are marching higher, and capital is flowing toward new age financial technology in a way that we’ve never really seen before. There’s a lot more liquidity these days, and it has been floating into all sorts of

Dramatic $17,000 Bitcoin Peak Possible Within Weeks Based on Halving Fracal

Source Node: https://www.newsbtc.com/2020/08/01/bitcoin-peak-possible-fractal/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-peak-possible-fractal
Time Stamp: August 1, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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If a fractal plays out on Bitcoin price charts matching the previous halving post-consolidation breakout, the cryptocurrency could keep on climbing from here. The target, if the rally takes a similar path, would put valuations of the top cryptocurrency at between $15,000 to $17,000 before peaking. Bitcoin Breaks Out: What Happens Next Will Be Fast and Furious Bitcoin price exploded early last week on the heels of gold setting a new record and the government committing to another $1 trillion in stimulus spending. Inflating money supply has prompted a flight