Bitcoin crashed overnight into Tuesday morning as Google stated that they will not allow cryptocurrencies and initial coin offerings from advertising on its platforms.
Bitcoin was trading near $8,700 mark on word of the ad crackdown. Continue reading
Since Jan. 26th more than 2,100 points have come off the Dow using Thurs. closing price. Dow futures suggest another 200 points at the open, but it’s early.
Across that same time frame, bitcoin has remained flat, down roughly $150, with much churn along the way. Continue reading
As i wrote about a month ago, technical analysts I was speaking with saw bitcoin setting a floor at $8K market and would build off that.
It bounced numerous times off the $8k mark and put a floor in at $6,500 before moving higher. Continue reading
Before you could figure out how the market would react this morning to flat retail sales for the holiday quarter, Dow futures were up bigly on Wednesday.
Then before you could look up the definition of inflation this morning, the market was down “bigerly” on the Consumer Price Index report. Continue reading
Please excuse the sporadic posting, still in great pain as a result of my spinal surgery.
Stock markets around the world are back to rally mode with the exception of Japan.
The Olympic euphoria has even creeped into the cryptos with bitcoin up 10% for the day. Continue reading