Poor Weekly Jobless Claims Hint at Another Bitcoin Price Plunge
Bitcoin rally came under the threat this Friday as the number of Americans filing for unemployment claims remains elevated. That, combined with a rising number of COVID cases amid...
Economist Warns of 1929-Like Second Leg Down; Will Bitcoin Follow?
Bitcoin has been tightly correlated with the stock market since the start of 2020. If a warning from a global economist comes true, and the correlation between crypto and stocks...
A U.S. Stimulus-Backed Rebound Could Fuel a Bitcoin Bull Rally: Here’s Why
Bitcoin kicked off this week with a modest move higher, rising 0.78 percent as of Monday’s close. The gains followed a sharp sell-off last week as traders pinned their hopes on a...
Bitcoin Braces for Turbulent Week Ahead: Three Reasons Why
Bitcoin fell 0.31 percent in the early Monday session. The cryptocurrency’s plunge followed a similar downside move in the S&P 500, validating its growing correlation with...
Stock Market Net Shorts Reaching Decade Highs Could Fuel a Bitcoin Breakout
After a record-breaking recovery rally, traders aren’t convinced any of the recent gains in the S&P 500 are sustainable and have amassed the largest net short futures...
This Alarming 50% Stock Market Crash Warning May Leave Bitcoin in Dust
Bitcoin risks plunging lower in 2020 as a Wall Street veteran warns about a 50 percent crash in the stock market. Scott Minerd, the chief investment officer of New York-based...
A Correction to $8.6K Likely as Bitcoin Paints 50-200 Death Cross
Bitcoin confirmed a so-called Death Cross pattern on Thursday as its price plunged 1.20 percent. The downside correction surfaced after failing to maintain a price floor above $9,000...
Money Manager Recommends Zero Exposure To Equities, Will Capital Flow Into Bitcoin?
A highly respected money manager that has called the last three financial bubbles says the current bubble is the “real McCoy,” and recommends zero exposure to traditional...
Bond Veteran Sees Stocks Hitting March Lows: What It Means for Bitcoin
Bitcoin may get caught up in a stock market storm as a veteran bond investor makes a chilling stock market prediction. There is a 76.8 percent chance that equities take out their March...
Sharp U.S. Futures Recovery Hints Bitcoin Will Retest $10K This Week
Spot bitcoin price was up 1 percent as the U.S. futures recovered sharply on Sunday evening. The S&P 500 mini had opened lower amid uncertainty about the effect of riots in major...
Buy Bitcoin if S&P 500 Corrects Lower, Fund Manager Suggests
Investors should consider buying Bitcoin if the S&P 500 breaks lower, according to Victor Dergunov, co-founder of Albright Investment Group. The cryptocurrency’s upside...
Bitcoin, Gold are Not Rising Because of Major Market Manipulation
Bitcoin and Gold ditched their safe-haven narratives to move alongside the risky U.S. equities amid a global healthcare crisis. While Bitcoin crashed to below $4,000 in an overnight...