Crypto Updates

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…

Crypto Market Commentary & Fundamental Analysis   Note: Our Director of Research, Ed Bugos, has a special message regarding the altcoin market which I have included at the conclusion of this update.   FATF will officially require all global crypto exchanges to share customer data, bullish for Monero In a recent update regarding the impending…

Crypto Market Commentary & Fundamental Analysis   Please note that this weekly crypto market update will be in a different format than usual due to traveling circumstances and scheduling conflicts.   First and foremost we would like to empathize with all of our subscribers regarding how crazy crypto can be at times. We know first…

Crypto Market Commentary & Fundamental Analysis   Please note that the next weekly crypto market update or two will likely be later than usual due to traveling circumstances and scheduling conflicts.  Because of this, and the lateness of this update, this week’s update will once again be a bit lengthier than usual.  We apologize for…