Bitcoin Hanging By A Thread
Bitcoin has been pulling back over the past two weeks and is now approaching an important bullish/bearish inflection point:
Bitcoin has been pulling back over the past two weeks and is now approaching an important bullish/bearish inflection point:
With the much touted January 10th due date looming investment firms, exchanges, and the SEC have been scrambling to put their final touches on several spot bitcoin ETF filings.
I’m not one to commit myself to outlandish New Year’s resolutions as I’m more of a proponent of gradual but constant improvement throughout one’s life.
Christmas is drawing near and since that particular holiday sucks blocks here in Spain I spontaneously decided to catch a flight to snowy Lithuania this year.
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Bitcoin is on tear right now and even pushed into $42k overnight.
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You may have noticed that every time anything exciting worth writing about happens in Bitcoin all price action suddenly comes to a screeching halt and we’re back to a good ole’ fashioned sideways churn.
Instead of the usual market report I need to issue a public service announcement. At RPQ, running a clean ship has always been our #1 priority – we keep everything out in the open and we’re always completely transparent with what we are doing.
So far so good. The first set of bank earnings reports that were released last Friday looked positive, but war clouds are clearly dampening what is traditionally considered a bullish season.