• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
bitcoin market
Nexo

Crypto Market Investment Interesting Picking Up In A Big Way

Bitcoinist by Bitcoinist
3 years ago
in Mati Greenspan, News, News teaser, Sponsored Article
0
Advertisement

What might very well be the crypto market’s worst fear has come true last week. Yet somehow it doesn’t seem all that bad.


The Attorney General of New York has publicly accused Bitfinex and Tether of a scandalous cover-up involving $850 million that allegedly went missing. Bitfinex has accused the attorney general of acting in bad faith and of making false assertions. Fund transfers from Tether’s reserves to Bitfinex bank accounts have now been effectively frozen by the US government.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

In the coming days and weeks, we’ll likely witness a massive investigation as the US government cracks down on one of the largest crypto exchanges. Perhaps it’s just a coincidence but the news comes just two weeks after the Bittrex exchange was denied a Bitlicense and ordered to cease operations in the state of New York.

Bitcoin and the entire crypto market did dip on the news on Thursday but what’s more interesting is that a price gap has opened between exchanges that use Tether and exchanges that don’t, they’re calling it the ‘bitfinex premium’. Basically, platforms using Tether are showing the price of bitcoin about $200 to $350 higher than the rest of the market.

Astonishingly, Tether’s peg to the US Dollar is holding up incredibly well dropping a total of two cents on the entire drama from $1.01 to $0.99.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

@MatiGreenspan
eToro, Senior Market Analyst

Today’s Highlights

China, Spain & FAANG

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

No More Patience

Crypto Winter is Over

Please note: All data, figures & graphs are valid as of April 29th. All trading carries risk. Only risk capital you can afford to lose.

Today’s Highlights

Asian markets rose this morning, presumably on trade optimism as US-China talks resume in Beijing this week.

The European session is not going quite as swimmingly today. Very possibly due to the results of Spain’s elections, which saw a surprise victory for the socialist party.

All things considered though, markets are still pretty calm and volatility remains low as we await earnings reports from Alphabet this evening and Apple tomorrow. Facebook, Amazon, and Netflix all smashed their respective first-quarter earnings, so things are looking pretty good for the FAANG group so far.

Smashed Growth

On Friday, the United States reported its biggest growth beat since 2010. Analysts were expecting to see GDP growth figures chug in at 2.2% but instead, the numbers surprised to by a full percentage point higher at 3.2%.

This graph shows the Advance GDP in blue and the analyst forecast in gold.

This is the latest sign that the US economy is doing really great at the moment, at least from a macro perspective. Pressure is now back on the Fed as it will be difficult for them to justify a policy of patience with figures looking this good. They may soon be forced into further monetary tightening, especially since stock markets are once again breaking new record highs.

Crypto Winter is Over

Investor interest has been picking up again in the crypto market in a big way.

There have been some phenomenal gains in many crypto assets since the market lows of mid-December, but that’s not specifically what I’m talking about right now.

During an interview, I once heard Jeff Bezos responding to Amazon’s price crash when the tech bubble popped. Amazon shares went from triple digits to single digits in a matter of months but Jeff was unfazed. He says, and I’m paraphrasing, the stock price crashing only affects companies that are trying to raise capital but we already had all the money we needed. In the meantime, all of our metrics including userbase and sales were growing at a rapid rate.

Sometimes we need to look beyond the price. In this case, we can already see signs that investor confidence in the crypto industry is rising rapidly.

Bitcoin.com came out with an article this morning that highlights a few projects that are seeing a rush of investor interest but what really caught my attention is this…

The VC firm Andreessen Horowitz has been responsible for funding some of the biggest tech startups in the world and the fact that they’re going big on crypto inspires me with great confidence.

Outperforming today has been IOTA, who just announced an interesting partnership with Jaguar Land Rover.

Now, we have heard a few of these type of announcements before that turned out to be fake news but this one appears to be genuine. Here is a blog post on Jaguarlandrover.com that explains the pilot they’re doing and how they want to use machine to machine microtransactions on IOTA’s tangle to improve the motorist experience.

Needless to say, IOTA is up more than 20% today, which comes at an ideal time as the token was showing signs of trouble in the price action over the last few weeks. Declining despite optimism in the rest of the crypto market. Now we can see it giving a serious test to the 200-day moving average (blue).

Let’s have a fantastic day!

Best regards,
Mati Greenspan
Senior Market Analyst


Your Social Investment Network – www.eToro.com

eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority. eToro (Europe) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission.

This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared to utilize publicly-available information.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Cardano-Based Cardalonia Partners With Ready Player Me 70% Of Their Token Presale Allocation Filled

Cardano-Based Cardalonia Partners With Ready Player Me 70% Of Their Token Presale Allocation Filled

20 hours ago
Seedify Makes a “Bonus Snapshot” Airdrop Available for Its Upcoming Token Eligibility

Seedify Makes a “Bonus Snapshot” Airdrop Available for Its Upcoming Token Eligibility

2 days ago
Cuprum Coin, one of the most valuable cryptocurrencies, launched via an IEO offering on the Bitforex exchange.

Cuprum Coin, one of the most valuable cryptocurrencies, launched via an IEO offering on the Bitforex exchange.

2 days ago
Decentralizing the Internet: How Wayru is Bringing People Together with Blockchain

Decentralizing the Internet: How Wayru is Bringing People Together with Blockchain

3 days ago
Elon Musk

Elon Musk To Twitter: Let’s Do A Public Debate On Bots!

5 days ago
Flow (FLOW), Seedify.fund (SFUND) and Gorilix (SILVA) win big

Flow (FLOW), Seedify.fund (SFUND) and Gorilix (SILVA) win big

7 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.