BITCOIN NEWS UPDATE

Bear Market Resilience Bitcoin remained resilient during the recent bear market, leading some commentators to conclude it is finally decoupling from stock market trends. That said, in periods of dislocation, particularly liquidations of leverage, all correlations...

Global M2 Money Supply Is A Key Metric For Your Trading Toolbox In our 18 February post, we highlighted a useful metric to watch is the open interest in the derivatives market The power of that metric is enhanced when combined with the global M2 money supply. The...

Mixed News For Coinbase Last week's positive news that Coinbase would be listed on the S&P 500 was tarnished by the announcement that hackers had obtained Coinbase customer details. Coinbase's stock price was up 24% on Tuesday, following the S&P 500...

Where Next For Bitcoin? Last week, we saw a surge in bitcoin price predictions from industry heavyweights, each backed by their expertise and research. The most bullish was ARK Invest, which introduced a new model that discounted lost bitcoin. The model projects a...

Twenty One To Mirror Strategy Twenty One (XXI) is a new bitcoin-only company that will follow the Strategy (MSTR) playbook. Jack Mallers, currently CEO of Strike, will be the CEO of the new company, and Jack will be the CEO of both companies simultaneously. The...

Bitcoin Consolidation Last week, bitcoin was relatively flat compared to equities and gold. While that was positive from an equity perspective (equities continued their downward trajectory), it was disappointing that bitcoin wasn't following the upward trajectory of...

Bitcoin Decouples From Markets Last week, bitcoin closed at $82k on Monday and ended the day at $83k on Friday. The vast majority of stocks and commodities in the markets last week was in a liquidation event not seen since the pandemic. While bitcoin and markets tend...

Bitcoin Ends The Week On A Low Last week, the Bitcoin market experienced a rollercoaster of activity, reflecting the broader volatility of the financial sector. The week began positively, with Bitcoin climbing to a peak of $88,800. However, this optimism was...

Strategic Bitcoin Reserve Now Reality The U.S. Strategic Bitcoin Reserve was confirmed last Thursday by executive order and will be capitalised by Bitcoin ONLY on behalf of the U.S. Federal Government. With the U.S. Federal Government's seal of approval, Bitcoin's...

Where next for the price of bitcoin? There is no shortage of views and predictions on what the price of bitcoin will do next. However, rather than relying on the “gurus,” investors should form their own opinions, and the best starting point is to look at the data. A...