Tag: cryptocurrencies

  • Two Top Ways to Trade the Bitcoin Recovery

    Two Top Ways to Trade the Bitcoin Recovery

    Bitcoin is on fire. All thanks to a growing appetite for risk among investors. In fact, according to Barron’s, “Crypto fundamentals are taking a backseat here and the primary driver is what the overall appetite is for risky assets,” said Edward Moya, an analyst at broker Oanda. If the bottom is finally in, investors may…

  • Top Ways to Trade a Potential Bitcoin Bounce

    Top Ways to Trade a Potential Bitcoin Bounce

    Keep an eye on Bitcoin. After a devastating pullback from about $48,000 to $26,000, it’s just starting to pivot higher.  It’s also incredibly oversold on RSI, MACD, and Williams’ %R.  Plus, most of the Terra USD (UST) crash may have been priced into the crash, too. “Bitcoin has been a casualty of the broader market selloff…

  • The Top 3 Cryptocurrency Miners to Own on Pullback

    The Top 3 Cryptocurrency Miners to Own on Pullback

    The pullback in cryptocurrencies was a buy opportunity. In fact, every time China makes a threat against cryptocurrencies, we see an inevitable pullback, followed by an inevitable rally. Sure, according to the People’s Bank of China, services offering trading, order matching, token issuance, and derivatives are now prohibited, as are overseas cryptocurrency exchanges that provide…

  • Here’s Why Bitcoin Just Plummeted Under $60,000

    Here’s Why Bitcoin Just Plummeted Under $60,000

    Look out below. Bitcoin (BTC) just plummeted to less than $50,000 after testing $61,556. All as markets react to Joe Biden’s proposed capital gains tax hike on the wealthy.  In fact, Bloomberg reports Biden wants to nearly double the tax rate to 39.6% from 20%. “The Biden administration is looking to raise the top marginal…

  • Coinbase Just Filed to Go Public on the NASDAQ

    Coinbase Just Filed to Go Public on the NASDAQ

    With the cryptocurrency boom well underway, Coinbase is going public. It will use a direct listing to offer shares to the public instead of a traditional IPO. “The company said it plans to list its shares on the Nasdaq exchange under the ticker symbol ‘COIN.’ More than 43 million investors in more than 100 countries…

  • The Top Ways to Trade the Crypto Boom

    The Top Ways to Trade the Crypto Boom

    Cryptocurrencies are in rally mode. Bitcoin is back up to $35.186.  Ethereum is up to $1,353.  Even Dogecoin is up 113% today.  A good deal of that is thanks to retail and institutional interest.  Even Elon Musk added the hashtag #Bitcoin to his Twitter feed, noting, “In retrospect, it was inevitable.” BlackRock filed prospectuses for…