Bitcoin spoofs $39.5K breakout at Wall St open as Elon Musk Twitter takeover nears

Bitcoin (BTC) saw a classic “fake out” move on April 25 as volatility kept traders firmly on edge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders stay gloomy on BTC outlook Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly climbing almost $1,000 as April 25’s Wall Street trading session began. The move was short-lived, […]

Bitcoin climbs above $41K on Wall Street open as gold dives, dollar cements highs

Bitcoin (BTC) reclaimed $41,000 on April 14 as the first day of Western stock market trading after Easter painted a more bullish picture. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis calls for caution on BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking above $41,000 during April 19, reaching five-day highs on Bitstamp. […]

Bitcoin dives on Wall Street open, DOGE price jumps on Elon Musk’s Twitter offer

Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin follows stocks downhill Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it made swift losses as trading began on Thursday. The pair had hit […]

First Mover: Bitcoin Recouples With Wall Street as Stocks Tumble, Fear Trade Returns

In a redux of trading from the early days of the coronavirus crisis in March, bitcoin tumbled Thursday in tandem with a sell-off on Wall Street – rekindling an ongoing debate over the cryptocurrency’s use as a store of value. Prices for bitcoin fell 6.37% to about $9,100, as the Standard & Poor’s 500 Index […]

Wall Street’s Digital Token Broker tZERO Posts Record Growth

Overstock’s shares have jumped by 8% following the release of new data regarding user and trading activity on the company’s tZERO alternative trading system (ATS) for security tokens. An announcement published by tZERO on June 10 noted that May was the exchange’s strongest month on record, with 423,000 digital securities changing hands on the platform […]

As Bitcoiners Eye Inflation Boost, Wall Street Sees Barely Any for Five Years

There’s a disconnect between crypto markets and Wall Street.  Among bitcoin bulls, a key investment thesis is that the trillions of dollars of money injections by global central banks will usher in an era of inflation, helping to send prices for bitcoin, seen as a hedge against inflation, to the moon. You’re reading First Mover, CoinDesk’s daily […]

Bitcoin Is a Paradigm Shift Beyond Wall Street

When the Goldman Sachs report came out dismissing Bitcoin’s status as an asset class, there was significant backlash from the crypto community. This is understandable, as for those building in crypto, the points against Bitcoin didn’t make sense.  For nearly a decade of my career, I was a banker at Goldman, but decided to leave […]

First Mover: Bitcoin Market, Like Wall Street, Shrugs Off Nationwide Protests

There, in the midst of a protest against police brutality in Austin, Texas, stood a man holding a makeshift cardboard sign that read, “Bitcoin will save us.”  The image, tweeted earlier this week by the ProPublica journalist Jessica Huseman, generated 789 retweets and 2,400 likes. Some twitterati said bitcoin had nothing to do with the protests, while others argued that […]

Wall Street Shows Optimism on Reopening of Economy, Stocks in Green

With major states in the U.S. lifting the lockdown, traders showed optimism over kickstarting the economy. So far, the market has ignored the civil unrest after riots broke out following George Floyd’s death. Analysts think that if this continues further, it can deter consumer confidence. Although the coronavirus pandemic continues to create havoc with daily […]

‘Sell in May’ Wall Street Adage Doesn’t Apply to Bitcoin, Data Suggests

The old Wall Street maxim “sell in May and go away” is detrimental to bitcoin investors, market data from Messari suggests. The largest cryptocurrency generated positive returns during eight of the past 10 Mays, outperforming its monthly average for that year during six of them.  “Sell in May” refers to an old investment strategy that […]