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Daily Crypto Analysis

Daily BTC Analysis

December 14, 2020

Last Monday, Bitcoin started the day at $19,375 and over the course of the week, we drifted lower, reaching $17,580 on Friday. This weekend, Bitcoin rallied, printing a Sunday high of $19,421. In recent weeks we have seen price appreciation during the more institutional Monday to Friday trading session, with weekends being largely uneventful.

This Week in Crypto...

December 13, 2020

Over the Weekend… Canadian digital asset investment manager 3iQ announced it will launch an Ethereum (ETH) fund on the Toronto Stock Exchange. Its ticker is QETH.U. 3iQ maintains a focus on Bitcoin (BTC), Litecoin (LTC), and Ethereum.

EQONEX Weekender

December 13, 2020

This week, the prestige of the ‘top clicked link’ goes to Coindesk, who ran the story that Standard Chartered’s fintech investment unit, SC Ventures, and Northern Trust are to launch a U.K.-based cryptocurrency custodian for institutional clients.

EQONEX‌ — Morning‌ ‌Update‌‌ — ‌December‌ ‌11th‌

December 11, 2020

Justin d'Anethan

It’s fascinating to see that, while traditional markets tend to go up on bad news (nowadays), the crypto space isn’t reacting to positive news anymore.

Daily BTC Analysis

December 11, 2020

Some markets move up, blind to bad news and unstoppable in their ascension. We have seen that throughout the last few years, but it has become more pronounced in the past couple of months. Something has changed and the momentum that characterised BTC throughout October and November seems to have cooled down.

EQONEX‌ ‌— Morning‌ ‌Update‌ — ‌December‌ ‌10th‌

December 10, 2020

Yesterday was a very interesting session for the crypto space. No, we did not breach new highs, test support levels or move dramatically one way or the other. We did have a scare and a bounce up. While traditional markets turned risk-off (S&P down 1%, Nasdaq down 2%, gold down 1.7%), one could’ve assumed some contagion to affect cryptocurrencies.

Daily BTC Analysis

December 10, 2020

This year, Christmas day is on a Friday, which also happens to be the day a large amount of Bitcoin futures and options will expire. As we know, Bitcoin never sleeps and doesn't do public holidays. The December 25th expiry will likely be met with an unusually thin day of liquidity, which in turn could bring some Bitcoin sized volatility to Santa's stocking filler.

EQONEX‌ — ‌Morning‌ ‌Update‌ — ‌December‌ ‌9th‌

December 9, 2020

As they often do, markets switch from pessimism to optimism and vice-versa.

Daily BTC Analysis

December 9, 2020

Bitcoin is beginning to form a new trading range at these elevated levels. As much as a rip-roaring rally is fun, a little time to acclimatize is a good thing. There would be no harm done if Bitcoin decided to track between $17,000 and $19,000 for a week or two — in fact, it would build a nice base for the next bout of price appreciation to blast off from.

EQONEX — Morning Update — December 8th

December 8, 2020

The upward momentum we’ve seen recently seems to have slowed down somewhat, both in crypto and traditional assets.