Bitcoin Price Spikes to $650 as Outlook Shifts for ‘Brexit’
The price of bitcoin is rising at press time, passing the $650 mark just a day after dropping to a weekly low of $550. Though there were suggestions the volatility could be tied to any number of recent indicators, at press time, ongoing macroeconomic concerns in Europe seem to be the most influential factor, as the price of bitcoin began to rise amid reports that the UK appears increasingly likely to leave the European Union. The UK’s ongoing EU membership referendum, in which voters were asked whether the country should stay (‘Bremain’) or leave (‘Brexit’) the European Union, has....
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Bitcoin has switched its short-term market bias from bullish to bearish in the last two weeks.
On the 23rd of June the United Kingdom will hold a referendum to decide whether it should remain in the European Union or whether it should leave. A potential leaving of the European Union by the UK has been dubbed ‘Brexit’ and the polls are currently suggesting that it can go either way. This uncertainty has weighed heavily on the British pound since the beginning of the year and is poised to spark strong volatility in Britain’s currency in the wake of the referendum, regardless of the outcome. This in turn creates the opportunity to generate strong trading profits in the currency market.....
Large spikes in whale transactions typically precede a period of declines in the Litecoin market. The daily transactions involving the richest Litecoin (LTC) addresses — "whales" that hold 10,000 to 1 million LTC — have jumped to their highest levels since December 2021.Litecoin selloff ahead?On-chain analytics platform Santiment detected a total of 3,458 LTC transactions worth over $100,000 on April 5, calling it "an indicator of mid-term price direction shifts." Meanwhile, Litecoin's price continued its correction move on April 6, down 13% from recent highs of $135 on March 30.Litecoin....
Each year, some of the most powerful and influential people in the world come together to discuss a slew of events at the Bilderberg Meetings, which started in 1954 at the Hotel de Bilderberg in the Netherlands. These meets are shrouded in secrecy, which has given way to no shortage of conspiracy theories, but one can't help but to wonder whether or not bitcoin will be a talking point at this year's meeting, which runs from May 29th through the 1st of June in Copenhagen. Some of the topics at this year's meeting includes: Is the economic recovery sustainable? Who will pay for the....
Crypto analyst Levi Rietveld released a new video on X, describing it as “the most important XRP video you will ever watch.” His remarks and outlook focus on some important macroeconomic shifts that are going to usher in a new cycle for Bitcoin, XRP, and other cryptocurrencies. This is important, as it coincides with a […]