In fact, Bitcoin’s price movements seem to track the expansion of global liquidity almost tic-for-tac. If additional monetary stimulus comes to fruition, this cryptocurrency would likely rocket to new all-time highs. Look, bitcoin has an implied price correlation with global M2 liquidity of over 84%. This very robust relationship speaks...
Last week Bitcoin grabbed headlines once again as the price of Bitcoin skyrocketed over $84,000, with the highest price hitting over $84,711. However, even with all of the downturns in more mainstream markets, the increase was significant. The Nasdaq 100 was down just 0.2% on the week, with the Dow...
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Bitcoin, the market’s leading digital currency, always responds fizzled out. Like the previous two players in this environment, the biggest players, by far, are the Bitcoin whales. These entities, currently sitting on multibillion dollar hoards of Bitcoin, have the ability to move the market in massive positive or negative directions...