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Daily Bitcoin and Crypto Analysis

Morning‌‌ ‌‌Update—June 7th—Macro and Crypto Markets

June 7, 2021

Justin d'Anethan

With optimism about economic recovery, most equity markets finished up last week. The VIX dropped sharply while the S&P and the DOW gained, and the 10-year yield fell. Gold gained as well but not enough to erase the massive loss endured on Thursday.

Daily BTC Analysis

June 7, 2021

Bitcoin continues to trade sideways, with a largely uneventful weekend offering little in the way of price discovery. $37,000 capped the upside, and $35,000 limited losses.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—June 4th

June 4, 2021

We’re seeing a very clear market dynamic: Yesterday, the dollar rose and, conversely, equities were sold. The S&P, the Nasdaq, and the Dow are down. Gold and silver are most definitely down, both losing around 2% on the session.

Daily BTC Analysis

June 4, 2021

I have to wonder how long before Bitcoiner and Twitter CEO Jack Dorsey pulls the plug on Elon Musk's twitter account. Do we really need heartbreak emojis wiping $100B off the value of the crypto market cap? On a positive note, Musk's tweets are having less effect, with only a 5% drop in BTC post his latest attempt at humor.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—June 3rd

June 3, 2021

I look at traditional markets because the moves and risk appetite can have an impact on crypto markets. For now, equity indexes look steady and are at elevated levels, but their inability to break higher worries me somewhat.

Daily BTC Analysis

June 3, 2021

Bitcoin has traded positively today, with prices advancing 2.7%, but we are still waiting to see if the market will challenge resistance at $40,000.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—June 2nd

June 2, 2021

With the US coming back from a long weekend, one might have expected stronger moves in equity markets—that didn’t happen. Most indexes traded barely half a percent down. The 10-year yield rose back above 1.6%. Gold is teasing investors, currently trading at $1,899.

Daily BTC Analysis

June 2, 2021

Okay, so celebrating doing nothing got boring fast. Bitcoin has spent another day bouncing between support and resistance, and although it's nice not to be edging towards a heart attack, it has lead me to delve into some 'activity metrics' to get a better idea of the state of play.

Morning‌‌ ‌‌Update—June 1st—Macro and Crypto Markets

June 1, 2021

Crypto markets (trading 24/7) didn’t rest and, unlike equities, rose. BTC gained almost 5%, rising from $35,500 to the current $37,300.

Daily BTC Analysis

June 1, 2021

Another quiet day in Bitcoin-land has seen a higher high and higher low, spreading confidence that the purge may be behind us.

Daily BTC Analysis

May 31, 2021

Well, unless the truly remarkable happens, Bitcoin is on course to break its run of printing a new ATH in every month of 2021. How disappointing.

Daily BTC Analysis

May 30, 2021

Welcome to the Weekender: your weekly round-up of the most clicked news stories, as chosen by you, our readers. This week, it’s all about progress; with adoption, regulation, and sustainability as the key themes.