Category: Cryptocurrency Predictions
Dish of the Day: Uncertainty in Crypto Trading
World stocks continue to serve uncertainty on a platter. Today, the movement in most markets is downward, after some recovery at the end of last week. US futures fall 0.38% and Euro Stoxx has similar movement, at -0.36%. Inflation is the main course. The US inflation data measured by the CPI last week are still on the radar. The debate is whether the main central banks in the world are “late” in the movement to reduce stimuli, increasing the risk of a more persistent inflationary process ahead. This weighs on stocks, especially technology. Virus phantom haunts again. It negatively surprised…
Fasten Your Seatbelts, Bitcoin is Down!
Cryptocurrencies such as Bitcoin and Ethereum had a strong correction after a streak of highs in 2021. But don't be alarmed: this is normal behavior for these assets, where high volatility is inherent in the business. With great returns come great volatilities Big returns attract many investors, but beware of Dory's syndrome: strong bullish movements followed by sharp declines are common in this type of asset. In December 2013, Bitcoin rose 467% in one month, but, soon after, it went downhill and even lost 83% of its value. A similar move took place in 2017, when the price reached US$…