Down $500 Bonds have been a haven. Gold was for a while but now gold is down ($-5.60 or -0.37%). The JPY and CHF has had the Pavlovian reaction of flow of funds (which may be questionable).
Blogs
SEC disapproves plan to list bitcoin ETF
ETF rejected It was already a tough day for bitcoin but news that the SEC has disapproved a plan to list a bitcoin ETF on NYSE ARCA is now breaking. Regulators cited concerns over Bitcoin manipulation.
Bitcoin tries to hold near 200 day MA support
Price moved below the MA today but rebounded. The price of bitcoin moved below its 200 day MA today at the 8779.84 level on the Coinbase exchange today.
Bitcoin (on Coinbase) tests the 100 hour MA and bounces
Keep above the 100 hour MA, bull still in control. Move below and waters are muddy However the current price is down about $136 at $10,257.52. The good news for the bulls/buyers is that the dip came down to test its 100 hour moving average (blue line currently at $10119.95) and found buyers. Risk is def
Bitcoin back above the $10K level
Chair Powell talks about digital currencies in his testimony The price of bitcoin is currently up about $420 at $10,286. The price high reached $10,400. That is the highest level since the October 26 swing high peak which took the price up to $10,540.49.
Bitcoin may be usurped by Tesla for now, but still looking toward $10K
Trades at the highest level since October 28. The price of bitcoin reached a high today of $9885 on the Coinbase exchange. That was the highest level since October 28 and just $115 away from the magical $10K. The last time the price trade above 10,000 was on October 26 when the price s
Japanese lawmakers call for BOJ to consider digital currency to counter China
A statement made by a group of ruling party lawmakers in Japan today The statement says that this has to be done as a way to head off China's growing influence as a digitised yuan would further internationalise China's currency and destabilise a world order that has revolved around the US dollar, posing a risk […]
Fed's Brainard says illicit activities using Bitcoin is a huge issue
Lael Brainard is a member of the Federal Reserve's Board of Governors and chairs the Committees on Financial Stability Speaking in California. In her Q&A now
Bitcoin runs higher after 8 days of up and down consolidation
Runs into a topside trend line The price of of bitcoin is running higher today. The price is up about $580 currently at $9713.65. The low today was down at $9126.76. The high reached $9769.70.
Bitcoin (on Coinbase) extends further above its 200 day moving average
Up $230 on the day The price of bitcoin (on Coinbase – 7 day week) has moved above its 200 day moving average over the last few days and is extending higher in trading today.