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Daily Crypto Analysis

Daily BTC Analysis

January 15, 2021

The $40,000 level has been met with a wall of selling and Bitcoin has duly retreated to lure sellers down to lower levels. As we head lower into a cluster of support, this weekend's trading session could see a wide trading range as key support sits $32,330.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—January ‌‌14th

January 14, 2021

In traditional markets, we see a simple continuation of the previous session’s dynamics. The S&P rose slightly after some intraday swings. Investors bought some more treasuries, pushing the 10-year yield down, but still above 1%. Gold is stagnating at $1,850. BTC has been more dynamic and bullish. After four down sessions and a pullback that took us more than 25% below the all-time high, BTC bounced back. The day is closing 10% up, at $37,500.

Daily BTC Analysis

January 14, 2021

Who remembers the great bear market of January 10th and 11th? Blink and you would have missed it. Bitcoin has bounced back with some swagger, leaving liquidated longs with the dreaded fomo. In fairness, we have just reached a critical juncture. The reaction to price around $38,000 is going to be key to the bullish theme. What can be said is that the reaction to the retracement from all-time highs has been impressive. The options market is echoing the sentiment. Purchases of calls are now dominating the flow.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—January ‌‌13th

January 13, 2021

Yesterday was a somewhat uneventful day in the markets. Equities in the US swung up and down to end the session perfectly flat. The 10-year yields retraced earlier gains after a government auction was met with solid demand. The dollar fell sharply, retracing the previous sessions’ gains. Gold took a pause from the massive downward moves and timidly bounced up, currently at $1,855.

Daily BTC Analysis

January 13, 2021

Bitcoin prices continue to stabilize above the $32,000 level, with buyers entering the market on each dip. As frustration begins to build for the bears, upward price pressure is finding a wall of selling above $35,000.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—January ‌‌12th

January 12, 2021

Although one can’t say that BTC is a leading indicator for the traditional markets, the risk-off move we saw yesterday definitely hinted at moves seen outside crypto.

Daily BTC Analysis

January 12, 2021

Bitcoin took a breath today as prices consolidated around the $35,000 level. Yesterday, volumes across futures exchanges set a new record, with over 4.5 million Bitcoin futures contracts changing hands.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—January ‌‌11th

January 11, 2021

On Friday, European and American markets closed the sessions with a risk-on tilt. Some indexes pushed to record highs (again). Treasuries continue to be sold, now tumbling to lows not seen within the last six months. The dollar rebounded slightly, while gold fell a significant 3.4%.

Daily BTC Analysis

January 11, 2021

Today is what you might call a bad news day. Bitcoin's march higher has been brought to an abrupt end, with prices down 16%. This time last week, Bitcoin was trading $28,000. It's amazing how short-term memories are clouded by a decreasing profit and loss statement! Bitcoin's failure to push higher over the weekend has seen profit taking cascade into auto-liquidations of leveraged longs to the tune of $2.7B.

This Week in Crypto...

January 10, 2021

Over the weekend… Social media interest in Bitcoin hit an all-time high on Twitter. The TIE, a crypto data company, reported that 66,832 individual accounts tweeted about BTC on January 2nd, surpassing the previous high from December of 2017.

Daily BTC Analysis: The Weekender

January 10, 2021

Welcome to the Weekender! Every week, we review the top news stories from the digital asset world, as chosen by our readers' clicks. This week, it’s a one-two for EQONEX, with our CEO Richard Byworth’s interview with Cointelegraph taking top spot.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—January ‌‌8th

January 8, 2021

While traditional markets are up, crypto markets are up more. With the progressing political situation in the US (suggesting further stimulus) and the reassurance of vaccine arrivals in the coming months, markets are enjoying a risk on tilt, pushing equities to all-time highs. The S&P rose 1.5% to $3,800. The Nasdaq jumped 2.5% on the session. The 10-year yield continued its ascension, now at around 1.08%. The dollar experienced a quick bounce, but is at decidedly abysmal levels still.