Analyses

news, week 27

Week 27 – Fundamental and technical analysis

Fundamentals and expected events: week 27 Crypto markets:Bitcoin briefly dipped below the $19,000 mark during last week. The correlation with equity markets and risk assets is more than obvious. Bitcoin has already lost over 55% this year and is down 70% from its all-time high last year. The latest wave of sell-offs means a reduction…

week 17, week 26

Week 26 – Fundamental and technical analysis

Fundamentals and expected events: week 26 Crypto markets:After bottoming at $17,500 last Sunday, an 18-month low, the primary cryptocurrency began its recovery on Monday and quickly reclaimed the coveted $20,000 line. It dipped below a few times in the next couple of days but stood north of it for longer periods. Similar to Bitcoin, most…

week 17, week 25

Week 25 – Fundamental and technical analysis

Fundamentals and expected events: week 25 Crypto markets: The previous week was a very bad one for the cryptocurrency markets, as the digital asset market was hit by a wave of major sell-offs.  Bitcoin lost over 30% in a single weekend, dropping as low as below $20,000 over the weekend. Altcoins were mostly even worse…

week 20, week 24

Week 24 – Fundamental and technical analysis

Fundamentals and expected events: week 24 Crypto markets: On Friday, the US inflation report (a record 8.6% year-on-year increase) kicked off the decline of Bitcoin, which first dropped from $30,000 to $29,000 in a matter of hours. What happened (and is still happening) in the next few days, however, is considerably steeper. Bitcoin’s freefall intensified…

week 23

Week 23 – Fundamental and technical analysis

Fundamentals and expected events: week 23 Crypto markets: Bitcoin has managed to reverse the bearish development of past several weeks, rising above the $31,400 level after a bearish weekend and adding 5.1% to its USD exchange rate. Ethereum and other top cryptos have been following the king crypto to the North, with ETH rising 5.2%. Analytical company…

news, week 22

Week 22 – Fundamental and technical analysis

Fundamentals and expected events: week 22 Crypto markets: After a very volatile and turbulent month for the crypto markets, Bitcoin (BTC) was almost doomed to extend its losing streak to a record of nine weeks in a row. However, that scenario has been narrowly avoided after the leading cryptocurrency jumped in the late hours on…

week 21

Week 21 – Fundamental and technical analysis

Fundamentals and expected events: week 21 Crypto markets: Fear has returned to the crypto markets as the Fear and Greed index dropped down to level 10, meaning extreme fear. The crypto-ecosystem as a whole has taken a dive following not only the macroeconomic data and also an upcoming correction on from the “free money” era…

week 20, week 24

Week 20 – Fundamental and technical analysis

Fundamentals and expected events: week 20 Crypto markets: Crypto markets experienced a very turbulent week and now seem to calm down a bit. Bitcoin jumped to above $31,000 but was quickly stopped in its tracks and was turned back below the $30,000 line, where it bounced and now is trading above that line again. Most…

week 18

Week 18 – Fundamental and technical analysis

Fundamentals and expected events: week 18 Crypto markets: After not so good weekend, when Bitcoin marked the multi-week low yesterday, Bitcoin managed to bounce back and spiked by almost $2,000 in the following hours. Most altcoins are also slightly in the green following the recent corrections. Total market capitalization also slightly recovered and is now…

week 23

Week 19 – Fundamental and technical analysis

Fundamentals and expected events: week 19 Crypto markets: Bitcoin and the overall crypto market continues to weaken in correlation with declines in technology titles within the major US indices. Sales are driven by persistent concerns about high inflation and looming stagflation, rising dollar rates, and especially disappointing corporate results for some technology sector leaders. There…

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