Bitcoin features prominently on the list of winners after two weeks of war in Iran, proving once again that the largest cryptocurrency usually weathers geopolitical developments with ease. Who else is on that list, and who are the big losers? An overview. Winners: oil, Bitcoin and the US dollar Oil is the clear winner of […]
After two weeks of fairly positive price news for Bitcoin (primarily due to the geopolitical situation in Iran), the next step is already on the horizon. If the largest cryptocurrency can finally break through the $75,000 level in the coming days, things will likely move very quickly. The reverse of a flash crash, or a […]
President Donald Trump being accused of manipulating crypto prices is not really news, but this time it was particularly striking. After various media (including us) reported earlier this week that his ‘Official Trump’ memecoin had dropped to an unprecedented low level, the US president announced that he would once again host a gala dinner at […]
It’s been a while since I had the chance to say this, but in the week and a half since the US-Israeli attack on Iran, Bitcoin has outperformed gold and most stock markets. Since the start of the war, the largest cryptocurrency has risen by about 7%, gold has remained virtually unchanged, and the S&P […]
The largest digital currency fell below the psychologically important $70,000 barrier again on Wednesday after Iran claimed it had planted mines in the Strait of Hormuz, where dozens of oil tankers are currently waiting to sail to their final customers. After oil prices fell later in the day, Bitcoin’s price rose back above $70,000. #CRUDEOIL […]
Bitcoin climbed back above $70,000 after President Donald Trump declared that the war against Iran is nearly over. In China, engineers from Alibaba discovered that an AI bot had begun mining Bitcoin without permission to earn some extra money. Hormuz The war against Iran has entered its second phase. While the first week was primarily […]
Stock markets opened bloody red on Monday (and closed relatively neutral in Europe), and panic reigned, especially in Asia. The Kospi, the South Korean stock exchange, had to implement a so-called “circuit breaker,” a pause to give investors a breather after the index fell by more than 8%. In China, however, the decline remained limited. […]
Where is Bitcoin headed in the coming days and weeks? That’s difficult to predict and depends on geopolitical circumstances, the direction of fiat currencies and (especially) the price of oil. Here are the top three possible triggers for the Bitcoin price in the coming weeks. Note that the biggest possible trigger of all is rising […]
After a week of war in Iran (apparently, Republicans don’t want to call it a real war in the United States because Trump would have to ask Congress for approval), it’s striking that Bitcoin is holding up very well while stocks are falling. Silver, like gold, rose slightly on a weekly basis and joined the […]
We’re not sure yet whether we can believe him, but it is notable that Grok, the well-known AI bot of billionaire Elon Musk, thinks Bitcoin’s recent upward breakout is a reversal and will likely mark the start of a new leg up. Renowned chart reader Peter Brandt also believes this. He’s convinced of several months […]
