Cryptocurrency

The highest inflation in the US since 1982 Christmas is almost here and with so many of us searching for the right gift for our nearest and dearest, the supply chain issues start to rise. Logically, such a shortage of products leads to a price increase, but there is one more thing that causes price escalations That of course is money printing. Seemingly out of nowhere, inflation became so visible…

Were you waiting to buy the dip? If so last week was your chance, as the largest cryptocurrency by market cap and popularity dropped to $47,000! Is the bear market knocking on the door or was it just a correction? Just a matter of time until we find out

Morgan Stanley accumulate more Grayscale Bitcoin shares Morgan Stanley, one of the largest investment banks in the US, continues to double down with Bitcoin and added more shares of Grayscale's Bitcoin Trust (GBTC) to a number of their funds. In its latest report to the SEC, the company revealed that it increased its Bitcoin exposure while taking advantage of GBTC discount rates. As of writing GBTC discount sits at 12.32%…

By any standard, it was an a crazy week for DAOs (decentralized autonomous organizations) but there was also a large amount of fundraising that caught our attention. We have a lot to cover so let's dive deeper.

Record-high inflation and Bitcoin with a new All Time High! During the pandemic, the money printer went berserk, increasing the dollar supply by 35% in only 18 months. Initially, the FED stated that there will be no inflation but shortly after the U.S "Central bank" changed its mind noting that the inflation will be "transitory". Despite the FED's positive overview, it seems that the inflation is here to stay. Last…

Past performance is not an indicator of future results Bitcoin has charted a higher trough followed by a higher peak. This is the technical definition of an uptrend. Price is struggling at the resistance area around 64,000 (red shaded horizontal). To break through this level, bullish momentum must be maintained and the stochastic (blue line) helps in assessing if that momentum is present. The stochastic is a measure of price…

Here on our weekly update, we keep you updated on the most essential topics from last week in the Crypto world Cathie Wood still believes in Robinhood ARK Invest, the company led by Cathie Wood, invested heavily in Robinhood, despite its poor financial results for Q3 2021. Wood's business bought 2,240,680 shares, valued at as much as $79.4 million. According to data disclosed by ARK Invest the purchase is spread…