Tag: Analyst

SOL, XRP ETF filings are ‘call options’ on Trump win: Bloomberg analyst

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The flurry of filings to list alternative cryptocurrency exchange-traded funds (ETFs) in the United States are “call options on a Trump victory” in the upcoming presidential elections, Eric Balchunas, an ETF analyst at Bloomberg Intelligence, said on Oct. 25. “If [former US president Donald] Trump wins […] he will definitely put in a more libertarian [Securities and Exchange Commission] chair,” Balchunas said during the Plan B Forum conference in Lugano, Switzerland. “So if you see a Trump victory, watch this space, and if you see a [Kamala] Harris victory, just…

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Analyst: Europe Is Secretly Preparing for a Renewed Gold Standard

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Jan Nieuwenhuijs, an expert in gold markets, believes he has found evidence that Europe is preparing to adopt a new standard. He states that the recent movements of several Eastern European countries—purchasing or selling gold to reach a determined ratio—are part of the actions leading up to this development. Analyst: Countries in Europe Equilibrating Gold […] Source link

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Blockchain adoption continues unabated — Bloomberg analyst

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Should the current rate of adoption continue, blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts.  On X (formerly Twitter), Coutts pointed out that blockchain adoption has been “unabated” throughout bull and bear markets over the past years. “Not having exposure to one of the largest structural trends of the next decade could be costly,” said the analyst. Daily active addresses exceed 5 million in the third quarter of 2023, up 14% from 2022, according to Coutts, while quarter-on-quarter growth…

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Bitcoin analyst eyes ‘V-shape’ BTC price bounce as RSI hits 5-year low

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Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action. BTC/USD 1-hour chart. Source: TradingView BTC price “death chop” returns Data from Cointelegraph Markets Pro and TradingView tracked a third day of sideways performance for BTC/USD. Despite being heavily oversold, according to relative strength index (RSI) readings, Bitcoin refused to offer any form of recovery bounce from levels last seen two months prior. Market participants were restless, with popular trader Jelle referring to intraday movements as the “death chop.” “At this stage…

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Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst

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Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted reactions to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price,” popular trader Daan Crypto Trades wrote in part of…

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Inflation in China Down to Lowest Number in More Than Two Years; Analyst Proposes Giving Cash Handouts to Avoid Deflation – Economics Bitcoin News

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Inflation in China registered an increase of 0.1% year-over-year in April, according to numbers from the National Bureau of Statistics of the country, falling below expectations. Some analysts are already warning about the dangers of deflation, even calling on the Chinese government to deliver cash handouts in order to push consumer demand. Low Inflation Numbers in China Worry Analysts China, one of the biggest economies in the world, has registered its lowest inflation numbers in more than two years, according to data coming from the National Bureau of Statistics (NBS).…

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