Crypto Updates

Crypto Market Commentary & Outlook   Bitcoin (BTC) & Monero (XMR) continue bullish patterns as predicted with healthy fundamentals   Bitcoin (BTC) & Monero (XMR) have both continued their bullish rallies and consolidations as predicted in my recent post, TCV Crypto Alert & Market Outlook – Monero (XMR) bullish (January 5, 2020).  I continue to…

Crypto Market Commentary & Outlook   The past few weeks have been bearishly choppy and quite frustrating for Bitcoin (BTC) bulls.  As mentioned in my TCV Crypto Alert & Market Outlook (November 22, 2019), the BTC/USD price has consolidated in the $6.5k-$7.9k range, and has recently broken back below the $7k area, as seen in…

Crypto Market Commentary & Outlook As noted in my October 25th TCV Crypto Alert & Market Outlook, Bitcoin (BTC) recently made a nice bullish breakout move above its multi-month descending channel in the low $9k area.  Shortly after publishing that report, the price continued rising all the way up to a new local high of…

Introductory Note   This “Extended” TCV Crypto Market Update will be a bit longer than usual because the market has allowed us the opportunity to catch our breath.  There aren’t very many bullish altcoin trading setups right now, so we are using this extra time to provide more coverage regarding what I believe are important…

The following market commentary has been compiled from TCV’s internal Telegram discussions. Important News: Bitcoin Network Hash Rate Mysteriously Flash Crashes by 40% https://cointelegraph.com/news/bitcoin-network-hash-rate-mysteriously-flash-crashes-by-40   Squire Mining Operations Undergo Temporary Power Outage https://www.globenewswire.com/news-release/2019/09/19/1918342/0/en/Squire-Mining-Operations-Undergo-Temporary-Power-Outage.html   “Sell the news” event on Bakkt – Bakkt’s Slow Start Doesn’t Mean Bitcoin Futures Have Flopped https://www.coindesk.com/bakkts-slow-start-doesnt-mean-bitcoin-futures-have-flopped   SEC delays Wilshire…

Crypto Market Commentary & Outlook   The seasonality and overall sentiment of the crypto markets appear to indicate that altcoins may continue to remain under pressure for some time, possibly for several more months.  Since rebounding strongly off the lows of $3122 earlier this year, Bitcoin (BTC) has continued to remain in the spotlight and…

Crypto Market Commentary    Venezuela used a crypto wallet app to convert airport tax funds into Bitcoin and avoid economic sanctions  It was recently reported that Venezuela used a crypto wallet app to bypass economic sanctions by converting funds received via taxes from its airports into cryptocurrencies including Bitcoin.  The cryptocurrency was then reportedly deposited…

Keys To Being A Smart Speculator   This was posted on the TCV FB Group yesterday.     And, far from attacking this post and poster, I want to use it as an opportunity to hopefully enlighten some subscribers on the keys of investing and speculating. To begin, let me start with two stories.  …

Crypto Market Commentary     Fundstrat attends Bakkt Institutional Digital Asset Summit at NYSE, shares update Fundstrat Global Advisors recently attended Bakkt’s Institutional Digital Asset Summit at the New York Stock Exchange, and tweeted a report of some positive news from this meeting with prominent institutional fund managers and analysts. The overall takeaway is that Bakkt’s…

Crypto Market Commentary    Cuba considering cryptocurrency to avoid US sanctions Cuba is reportedly studying the use of cryptocurrency to avoid US sanctions.   Poloniex adds credit card & bank account connectivity, beneficial for Monero liquidity Crypto exchange Poloniex recently announced they have added credit cards and bank accounts for crypto traders.  This is particularly…