Bitcoin Price and Trading Report: November 17th
Bitcoin makes new highs and continues to face off its all-time high as its parabola steepens. Risk is bid elsewhere.
November 17, 2020
No Comments
Bitcoin makes new highs and continues to face off its all-time high as its parabola steepens. Risk is bid elsewhere.
With significant event risk, each event with binary outcomes it is a tricky time for market analysis. Despite this, a risk-on trade may emerge.
Eth & digital assets traded lower over the w/e while Bitcoin trades high in its range. Expect the disconnect to resolve early in the week.
With risk slightly lower overnight, bitcoin still managed to break through its high while Ethereum did little.
A risk-bid developing in markets after failing to retrace all-time highs in S&P500. Bitcoin could trade higher on this independent of gold.
The bitcoin price consolidated overnight while alt-coins outperformed strongly. Meta and Loopring were up by 50% and 40%.
Our weekly wrap of capital markets and the bitcoin price covers trends in financial markets in the context of the most recent week.
The moves overnight look very bullish for bitcoin, which could have sold with gold if it wanted to do so. Risk is back on in a big way.
It’s been a great weekend for digital assets, with the bitcoin price recovering well and DeFi projects also supported, forming a major low.
Never miss a thing! Sign up to
The Knowledge Mine Digital’s newsletter on all things Crypto