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Daily Bitcoin and Crypto Analysis

Daily BTC Analysis

September 3, 2021

Bitcoin is up 1% on the day, which actually feels like a disappointment after the market printed above $50,000 but was unable to sustain the momentum needed to drive prices through a wall of resistance.

Daily BTC Analysis

September 2, 2021

Bitcoin has rallied 2% today, but has outperformed the wider market once again. It was Bitcoin's rally at the end of July that sparked the resurgence of interest in the wider crypto market. The stall in prices since the one print above $50,000 has now seen the Bitcoin dominance indicator drop to its lowest level since May 19th, the day when Bitcoin crashed 14%.

September 2 Daily Crypto Update: US equities top as Asia's bottom.

September 2, 2021

Justin d'Anethan

While investors await jobs data on Thursday in the US, most American equity indexes traded flat. But, to be fair, they are all close to or at all-time highs.

Daily BTC Analysis

September 1, 2021

It's been a quiet day for Bitcoin, with prices largely unchanged from yesterday. August was another solid month for the asset, with gains of nearly 14%. With the summer coming to an end, many will be hoping that trading activity returns, and with it, volatility.

September 1 Daily Crypto Update: The beginning phase of a massive bull run?

September 1, 2021

Justin d'Anethan

Looking at American equity indexes, it’s been almost a year without a real correction.

Daily BTC Analysis

August 31, 2021

Bitcoin has fallen 2% today, after a weekend trading session in which the market really couldn't decide if it wanted to move higher or lower. There is no impetus driving the market and we are nestled nicely at the top end of the range, with dips supported and rallies sold. Having spent 11 days around these levels, we look for a break out to set the tone for the next leg, with $46,000 and $50,000 the key areas to watch.

August 31 Daily Crypto Update: More people holding onto coins longer

August 31, 2021

Justin d'Anethan

Equity indexes continued to rise yesterday. Investors are still bullish risk assets despite concerns about having reached an economic growth peak, geopolitical risks, or the Fed hinting at tapering. And, as it did yesterday, with capital flowing to equities, the dollar and yields fell.

August 30 Daily Crypto Update: Investors are still looking for higher returns

August 30, 2021

Justin d'Anethan

Looking back on last Friday’s trading in traditional markets, one can see a clear risk-on session.

Daily BTC Analysis

August 28, 2021

Bitcoin is up 3% on the day, as the Fed assured the markets that it is in no rush the remove the punch bowl.

Daily BTC Analysis

August 27, 2021

Bitcoin has fallen further today, registering a 4.5% decline. I asked the question earlier in the week: What happens should the market return to $47,500?

Daily BTC Analysis

August 26, 2021

After starting the day on the back foot, Bitcoin has rallied from trend support and is currently 2% up on the day. There is still some work for the bulls to do, but the reaction post the challenge of key support levels will encourage them to spur them on.

August 26 Daily Crypto Update: Alts are currently at a standstill

August 26, 2021

Justin d'Anethan

The S&P 500 marched on to record highs yesterday, touching 4,500 for the first time.