Bitcoin

Published on May 15 2019

Bitcoin
Bitcoin
Bitcoin

06/02/2019 around $3,375  

15/05/2019 about $8,000 

A handful of large players, that started buying in waves. Systematic buying.

Clues to reach that conclusion can be found in volume, price action, funding, and futures basis and term structure. May expand on this later.

Not retail driven.

Sentiment and network activity are not following. More careful reflection suggests that Bitcoin may be in a transitional period.

The bitcoin price recovery 13/05 mirrored market biases in the haven assets, Gold and the Japanese Yen. The XAU/USD spot rate rose up to 1299.8, while the JPY/USD surged as high as 0.009171.

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Major financial and tech institutions are also bringing good news to bitcoin.

Facebook is potentially launching a private cryptocurrency following reports that it's looking to get venture capital firms to invest in its cryptocurrency project.

JP Morgan announced that it is rolling out a USD-pegged stablecoin for cross-border payments and the world's largest asset manager,

Fidelity, is about to roll out bitcoin trading for institutional clients in the coming weeks.

Bakkt , the digital asset exchange that shares a parent company with the New York Stock Exchange, announced on 13/05 that it would begin user acceptance testing for bitcoin futures contracts in July.

15/05/2019

14/05/2019

14/05/2019

14/05/2019

13/05/2019

Written by construction man

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