• 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
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin 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
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin 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
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
Advertisement

From Alt Sides

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

One of the main advantages of working in a global company is that we get to see the news from different perspectives. 


For example, take the ongoing legal battle between Apple and Qualcomm. Yesterday, a San Diego court awarded the mobile chipmaker a judgment of $31 million, saying that $AAPL did indeed infringe on several of $QCOM‘s patents.

Claim the JACKPOT with 55 FREE SPINS. Signup today to redeem your bonus.

What was most interesting to me, is that this case has been on the radar of eToro’s China research desk for quite a while. In a blog post distributed on our WeChat channel last week, our Shanghai analyst writes…

Technological innovation can help companies quickly gain an edge, but at the same time, the advantages that technology brings are actually the easiest to imitate.

These type of patent infringement cases are now gaining global prominence as they are at the very heart of the ongoing US-China trade war. So for macro investors, it’s particularly interesting to see these type of stories from all sides.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

@MatiGreenspan
eToro, Senior Market Analyst

Today’s Highlights

Risk on Baby

OPEC+

Altseason Continues

Please note: All data, figures & graphs are valid as of March 18th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

Stocks are on a roll lately. It seems that all the geopolitical tensions that have been weighing on the markets over the last few months have suddenly been brushed aside in a wave of risk appetite.

That said, there’s plenty of stuff to look out for this week that could potentially rock the markets. Perhaps above all will be the Fed meeting this Wednesday.

The US Federal Reserve is firmly in control of the financial markets at the moment so speculation on what they might do will likely be the focus of this weeks volatility, or lack thereof.

As we can see, the VIX volatility index is at its lowest point in more than six months.

Who Controls the Oil?

Crude oil has been on a run lately, largely based on supply cuts from Saudi Arabia and energy shortages in Venezuela.

This morning, Saudi Oil Energy Minister Khalid Al-Falih, seemingly speaking on behalf of OPEC and all of their allies, reiterated that the cartel will be able to meet the necessary production cuts to send the price higher in the weeks to come.

Still, the US, UK, and Brazil continue to produce more and more. So OPEC and even the new OPEC+, which includes Saudi Arabia, Russia, Kuwait, and several others, are only half the story and the battle continues.

By the chart, it does seem like the price is running into a bit of weakness within the upward channel (yellow lines) ahead of the strong psychological barrier at $60 a barrel (blue line).

OPEC+ members will reportedly be meeting in Jeddah this May, presumably to try and push the price further up. President Trump has been tweeting quite a bit trying to push the price of oil down. Who will win?

Altseason Continues

Crypto markets surged on Saturday morning but seem to be giving some of that back as we speak.

Seemingly leading the charge is Bitcoin Cash (orange), which is up 20% since Friday morning. Far ahead of the runner up Litecoin (blue), which rose 5.6% over the weekend.

In further confirmation that we’re in the throes of alt-season, we can see Bitcoin’s dominance has continued to decline over the last month, even though the price of BTC has risen 10% during the same period.

Here we can see the Bitcoin Dominance Index that shows BTC’s share of the total market cap has dropped a total of 1.5%, while the ‘others’ category (silver line), showing the small-cap cryptos has risen 2.2%.

At this point, it’s even possible that some of the long term hodlers are getting into the altcoin action. Even though the stigma in the market that Bitcoin is the safe and stable one remains strong, some of the other smaller projects are showing some serious potential.

A recent transaction was spotted on the Bitcoin blockchain where 50 BTC were moved from a wallet that hadn’t been touched since they were first mined in November of 2010.

The most likely reasons that we can speculate for this type of movement is that the person either really needs to pay some bills, or they’re looking at some other investments in lower tier alts. Given that the individual hodled right through several massive bull and bear runs, I’d say it’s probably more likely the latter.

Have an amazing week ahead!

Best regards,
Mati Greenspan
Senior Market Analyst


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. 76% 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

BitStarz App

BitStarz Casino App – Download, Bonus & Review

2 days ago
BitStarz Live

BitStarz Live Casino – Complete Guide + Bonus

2 days ago
Does BitStarz Require KYC? Complete Guide

Does BitStarz Require KYC? Complete Guide

2 days ago
BitStarz VIP

BitStarz VIP – Complete Guide

2 days ago
Is BitStarz Down? Try These Alternatives

Is BitStarz Down? Try These Alternatives

2 days ago
Is BitStarz Available In Australia?

Is BitStarz Available In Australia?

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Polygon (MATIC) and Tron (TRX) Price Prediction: TMS...

    3 hours ago
  • TMS Network (TMSN) Attracts Big Attention Amidst Binance...

    3 hours ago
  • Unveiling Dogetti, Pepe, and Floki – 3...

    3 hours ago
  • Q3 Expectations: Exploring Cosmos, and Caged Beasts In the...

    3 hours ago
  • How Avalanche And Solana Could Help DogeMiyagi Master The...

    4 hours 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
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin 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
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 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.