She may have publicly expressed her opposition to digital currencies in the past, stressing that she does not believe in crypto, but the reality belies her: according to recent data, Goldman Sachs holds over $400 million in bitcoin ETFs. Notably, the investment bank disclosed in its quarterly 13-F report that it holds positions in seven … Read more
Carry trade strategies in yen and the closing of investment positions after the decision by the Japanese central bank to raise interest rates, combined with concern about the momentum of the US economy after the release of July labor market data , which activated the “Sahm rule”, along with escalating tensions and uncertainty over geopolitical … Read more
Every three months, the members of the DER AKTIONÄR Crypto TSI Index are examined for trend strength. Weak cryptos are replaced by stronger ones – these are the new stars on the crypto market. It was a week ago when the crash in Japan’s leading index led to a significant price correction on the financial … Read more
The plan of the Ministry of National Economy and Finance for the taxation of crypto-currencies is currently shelved. With a new decision, the older decision of the Minister of National Economy and Finance on “Constitution, composition and appointment of members of a Working Group to define the framework of taxation and control of cryptocurrencies and … Read more
Cryptocurrencies saw their biggest three-day sell-off in nearly a year, with losses of up to $510 billion since August 2. Cryptocurrencies, which in recent months have been moving in tandem with mainstream investment options, have been dragged along by the sharp sell-off in stocks, with the S&P 500 down as much as 4.4% in the … Read more
eToro analyst, Josh Gilbert, is sure that it is unlikely that large investors will consider the first digital currency as a hedge fund along with gold. This is reported by Bloomberg. “These two instruments do not have the same place in investment portfolios,” the expert said. According to the news agency, the correlation between gold … Read more
Tennessee. Former U.S. President Donald Trump on Saturday outlined plans to fully embrace cryptocurrency use if elected for a second term, telling hundreds of digital currency proponents that he wants the country to become a “bitcoin superpower” under his leadership. In his opening speech at a bitcoin conference in Nashville, Tennessee, the Republican presidential candidate … Read more
Pivot: 55 120 Preferred scenario: Short positions below 55,120 with a target of 51,800 and then up to 50,000. Alternative scenario: Above 55,120, a rise to 57,200 and then up to 59,100 is likely. Comment: The RSI indicator is below the 30% level. Supports and Resistances: 59 100 57 200 55 120 53,535 – last … Read more
You can also listen to the article in audio version. On Monday, there was a significant sell-off in the stock markets, which affected not only traditional financial assets, but also the cryptocurrency market. Bitcoin, the best-known and most valuable cryptocurrency, has not escaped turbulence either. The price of Bitcoin hit its lowest level since February … Read more
At the end of April, Bitcoin strengthened to over 1.6 million crowns and climbed to new records. It was mainly supported by the appearance of Donald Trump, who pledged to make the US a cryptocurrency superpower if he is elected US president. Since the beginning of the month, however, the most famous cryptocurrency has practically … Read more