Oil Prices Rise Despite Increase In US Inventories
The prices of oil rose on July 21, 2021, extending gains from the previous session as a growing risk appetite offered support despite data indicating that there is an unexpected ...
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Tag: market analysis
Bitcoin Bulls Defend Yearly Open With BTC Price Surging Back Above $30K
On July 21, 2021 Bitcoin rebounded after going full circle in 2021 to nearly, but not quite, hit its January 1. BTC bulls could celebrate a modest victory on July ...
Bitcoin Plunges Below $30K, What Comes Next?
On July 20, 2021, Bitcoin dropped below $30,000 for the first time since June 22 dragging other digital assets lower. Nearly $98 billion was wiped off the whole crypto market ...
Oil Prices Plunge After OPEC+ Resolve Deadlock
WTI Crude and Brent Crude fell sharply on the news that OPEC+ had resolved production issues. Oil prices dropped on July 19 after the producers broke through a deadlock to ...
Bitcoin Rises From $31K After Bank Of America Approves BTC Futures Trading
Bitcoin continued to bounce off $31,000 support on July 16 as fresh data insisted on the importance of the current price levels. For now, bitcoin is trading sideways with no ...
Bitcoin Withering At The ‘Final Support’ With $24K Appearing On The Horizon
Bitcoin (BTC) plunged to its ‘final support zone’ above $31,000 on July 15 as a low gradual plunge brought in fresh predictions of a BTC price crash. A failure to ...
Institutions Now Cautious As Crypto Products Record Weakest Since October
Institutional investors have not yet regained confidence in the cryptocurrency markets, with the weekly crypto investment product volume plunging to its lowest level since October 2021. Based on CoinShares’ July ...
Bitcoin Is Down But Not Out, $1B Liquidations Are Not Frequent
Bitcoin (BTC) might be struggling to break the $36,000 resistance for the last three weeks. However, the bulls now have one less issue to worry about: cascading futures contracts liquidations. ...
Bitcoin To Experience A Breakout Targeting $38K Later This Week –Trader
One market trader is convinced that there is some upside momentum in store for the BTC/USD pair in the coming days despite the massive nervousness surrounding Grayscale. Bitcoin closed below ...
Ethereum’s Popularity May See ETH Become Biggest Store Of Value – Goldman Sachs
Goldman Sachs said in a note to clients on July 6 that the blockchain that has the highest "real use potential" is Ethereum. The bank suggested that ETH may become ...