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The FXGT Blog
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Bitcoin
9 July 2024
Technical overview – Bitcoin's Four-Week Losing Streak Continues
Bitcoin has seen substantial declines, falling 10% over the past week and 20% over the past month, extending its losing streak to four consecutive weeks.
9 July 2024
Crypto News Catchup – Bitcoin Market Faces Turbulence with German BTC Transfers and Mt. Gox Repayments
The German government has transferred 700 BTC to an asset management institution, fueling market speculation about potential impacts.
2 July 2024
Technical overview – Bitcoin Ends June Down 7%, Recovery Signals Emerge Above $62K
Bitcoin ended June with a 7% decline, facing bearish pressure and retesting the $60,000 level.
2 July 2024
Crypto News Catchup – SEC Requires Ethereum ETF Revisions; US Treasury Finalizes Crypto Tax Rules
The U.S. Treasury has finalized new cryptocurrency tax reporting rules to address tax evasion. These regulations require brokers to report crypto transactions and gains, ...
26 June 2024
Technical overview – Bitcoin Under Pressure: Key Support Zone in Focus
Bitcoin's performance for the month is down 9%, with over a 5% drop last week, marking the second consecutive weekly decline.
26 June 2024
Crypto News Catchup – Bitcoin Falls to $60,000 Amid Mt. Gox Repayment Fears.
Bitcoin dropped to $60,000 after the Mt. Gox trustee announced that BTC and BCH repayments will begin next week.
11 June 2024
Bitcoin's Price Action Stalls Amid Strong US Jobs Data and Fed Speculation
Bitcoin has dropped by 1.5% over the past week, but the sideways consolidation persists in the medium term.
11 June 2024
Crypto News Catchup – Bitcoin ETF Surge, Hedge Fund Shorts, and Regulatory Shifts Drive Crypto Landscape
Bitcoin ETFs have absorbed the equivalent of two months' worth of Bitcoin mining supply within a single week, significantly impacting the market.
4 June 2024
Bitcoin Gains 11.50% in May: Consolidation and Key Levels in Focus
Bitcoin gained 11.50% in May and is up 2% over the past week as it continues to consolidate sideways, remaining above the immediate support level of $66,300. The daily tr...
4 June 2024
Crypto News Catchup – BlackRock's Bitcoin ETF has become the world's largest Bitcoin fund
BlackRock's Bitcoin ETF has become the world's largest Bitcoin fund, with assets totalling $15.6 billion. It has overtaken the Grayscale Bitcoin Trust (GBTC), which previ...
28 May 2024
Technical overview – Bitcoin Consolidates Above Key Support, Eyes Breakthrough Above $71,000 Resistance
Bitcoin is down 3.5% over the past week, trading within a sideways range between $66,500 and $71,000. Any price dips have been quickly bought up, and the market has respe...
28 May 2024
Crypto News Catchup – SEC Approval of Ethereum ETFs Sparks Institutional Investment Buzz
The SEC's approval of spot Ethereum ETFs is creating significant buzz in the cryptocurrency community. Michael Saylor, CEO of MicroStrategy, believes this move could driv...
21 May 2024
Technical overview – Bitcoin's Bullish Reversal
Following the last couple of months of downward pressure, Bitcoin's price is now showing signs of recovery, increasing almost 10% over the past week. The $60,000 level, t...
21 May 2024
Crypto News Catchup – Upcoming Ethereum ETF Decision and Bitcoin Volume Spike
The U.S. Securities and Exchange Commission is expected to decide on Ethereum ETF applications this week. This highly anticipated decision follows delays and reflects the...
Cryptocurrency
Advanced
16 May 2024
The BTCUSD Relationship: Factors That Influence the Pair
The BTCUSD relationship represents one of the most fascinating and dynamic interactions in the financial markets today. At its core, this pair symbolizes the trade value ...
14 May 2024
Technical overview – Bitcoin’s Surge Faces Critical Test at $65,500 Resistance Level
Bitcoin’s Recent Performance: Bitcoin has seen a notable rebound this week, climbing 11% from the previous week's low of $56,700. Since the beginning of May, the cryptocu...