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Day: March 9, 2018

Chart analysts are getting worried about bitcoin: ‘No touch’

Bitcoin’s drop this week paints a pretty discouraging picture for the near future, technical market analysts say. Critically, bitcoin failed Monday to break above a key level close to $12,000, they said. The cryptocurrency has fallen more than 20 percent since amid a slew of negative headlines that have raised worries about regulatory crackdown on …

Chart analysts are getting worried about bitcoin: ‘No touch’Read More

Wall Street analyst creates new index that tries to tell you when to buy bitcoin

Now is the time to buy bitcoin, according to a new “misery index” for the cryptocurrency created by a Wall Street strategist. “When the bitcoin misery index is at ‘misery’ (below 27), bitcoin sees the best 12-month performance,” Fundstrat Global Advisors co-founder Thomas Lee said in a Friday report. “A signal is generated about every …

Wall Street analyst creates new index that tries to tell you when to buy bitcoinRead More

Bitcoin prices fall below $9,000 — a 24% decline for the week

Bitcoin fell below $9,000 during Friday afternoon Asia trade, extending losses seen earlier in the week when it dropped below the key $10,000 level. The cryptocurrency fell as low as $8,370.80, down 24 percent for the week, according to CoinDesk’s bitcoin price index. Bitcoin recovered to near $8,995 as of 8:02 a.m., ET. That’s still …

Bitcoin prices fall below $9,000 — a 24% decline for the weekRead More

ECB Surprisingly Removed Easing Bias, Draghi Downplayed The Implication On Future Policy

Surprising to most market participants, ECB dropped the easing bias in the forward guidance. While this had initially sent the euro slightly higher, it reversed as President Mario Draghi reinforced that the act was ‘backward looking’ and would not affect future monetary decision making. Policymakers remained confident over the growth outlook but again raised concern …

ECB Surprisingly Removed Easing Bias, Draghi Downplayed The Implication On Future PolicyRead More

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