By Nicolas Abington | Crescent City Capital Market Analyst Intern One of the biggest dates in crypto is coming up in less than seven months, the Bitcoin halving. For those reading that don’t know what that necessarily means, Bitcoin essentially distributes supply like a heartbeat. At the moment, ₿12.5 are distributed to the market place […]

By Nicolas Abington | Crescent City Capital Market Analyst Intern Bitcoin and Ethereum have been the leading cryptocurrencies since the early stages of the emergence of the concept. Due to their notoriety between the two coins as the face of the industry, their prices have predictably fluctuated in tandem with each other. As the coins […]

By Nicolas Abington | Crescent City Capital Market Analyst Intern Recently we’ve been able to see a trend involving the inverse relationship between crypto investment and stock prices. Recently the DOW Jones Industrial Index took an 840 point (-3.14%) drop over the course of two trading days. During that same period, crypto prices either remained […]

By Nicolas Abington | Crescent City Capital Market Analyst Intern If you’ve been paying attention to the crypto markets for the past couple of days then you’ve been seeing nothing but red. While these fluctuations in price are somewhat regular, it’s important to note the trend that occurs around Bitcoin’s price changes.With the slow launch […]

By Nicolas Abington | Crescent City Capital Market Analyst Intern Bitcoin’s average monthly volume has reached a surprising low in the past month as its daily volume has sunk to two-year lows. As you can see by the graphs in Exhibits 1 and 2, Bitcoin volume has been on a decline this past month involving […]

By Nicolas Abington | Crescent City Capital Market Analyst Intern Low Volatility According to calculations by Blockforce capital, Bitcoin’s price volatility has recently reached a 4 month low of 53.3%. For clarification on the calculation, volatility is being measured by multiplying the asset’s standard deviation, in this case, Bitcoin’s standard deviation, by the number of […]

By Nicolas Abington | Crescent City Capital Market Analyst Intern Low Volatility According to calculations by Blockforce capital, Bitcoin’s price volatility has recently reached a 4 month low of 53.3%. For clarification on the calculation, volatility is being measured by multiplying the asset’s standard deviation, in this case, Bitcoin’s standard deviation, by the number of […]

By Nicolas Abington | Crescent City Capital Market Analyst Intern Bitcoin dominance hits 26 month high as it achieves 71% of Crypto market capitalization, a bullish signal that was last seen when bitcoin prices were approximately $1290 per ₿1.Bitcoin has been on a steady increase in dominance since it broke a previous barrier of 69% […]

By Crescent City Capital Team In the broader cryptocurrency complex, the story continues to be one of widening spreads.  The relative value of Bitcoin (BTCUSD) versus its two primary alternative counterparts, Litecoin (LTCUSD) and Ether (ETHUSD) has widened significantly over the last several months.  We first noted this trade in late July, and it has […]

By Jing Zhu | Crescent City Capital Market Analyst Intern Chinese Yuan Falls[1] Last Monday, China let the value of the yuan drop sending the currency above 7 CNH per USD. This decade-low marked a significant point in the US-China Trade War, resulting in a tumultuous stock market and a spike in US government bonds. Investors fear […]

By Jing Zhu| Crescent City Capital Market Analyst Intern Bitcoin Needs Weekly Close Above $12,000[1] Compared to last week, Bitcoin price has definitely made a short-term recovery. It is currently trading at $11,615. However, it needs to close above $12,000 this week if traders want to revive the bullish momentum. The repeated failure to do so […]

By Jing Zhu (with aid from Hunter Metcalf)| Crescent City Capital Market Analyst Intern Price Spread of ETH BTC  Price spread ratios between Ether-Bitcoin (ETH BTC) and Litecoin-Bitcoin (LTC BTC) have been trading at historical lows throughout July. Especially for ETH BTC, the spreads moved to a new all-time low of 0.0197. This price is well below […]

By Jing Zhu | Crescent City Capital Market Analyst Intern Wednesday, Bitcoin price dropped to $9,049 before coming back up to $9,850 today. The price is currently struggling to break resistance at $10,000. On the 4-hour chart, candles with long wicks indicate that Bitcoin’s recovery is slowing down. If price breaks below $9580 (the low of the […]

By Jing Zhu | Crescent City Capital Market Analyst Intern Just yesterday morning, Bitcoin price was around $13,200. Earlier this morning, it has dropped to a low of $11,164. Despite the price drop, the outlook remains bullish because the current price is holding up well above support at $9,615 (the higher low experienced on July 2). Bitcoin […]

By Jing Zhu | Crescent City Capital Market Analyst Intern On July 2, Bitcoin price fell to $9,700. However, it has quickly recovered to $11,800 in the span of 48 hours. The strong momentum of the U.S. stock market, the returning appetite for high-risk trades, the development of Libra, and the performance of gold are just a […]

By Jing Zhu | Crescent City Capital Market Analyst Intern Bitcoin Price Increases Weekly Gain to 30% Early on Wednesday, Bitcoin price topped $12,900. It broke resistance around the $12,500 mark, but is currently hovering around that value. This momentum is impressive, especially considering that just last Friday, traders were waiting for Bitcoin to break $10,000. The […]

By Jing Zhu | Crescent City Capital Market Analyst Intern Facebook Introduces Libra On June 18th, Facebook came out with the Libra coin. This new cryptocurrency uses cryptography to verify transactions, which will launch next year. Users of Facebook’s Messenger App will be able to access Libra coins through a digital wallet. Because Facebook has many users […]

By Jing Zhu | Crescent City Capital Market Analyst Intern Technical Indicators Suggest Dip is Over According to Bloomberg, the technical analysis from Fundstrat Global Advisors indicates that most cryptocurrencies are prepared for fresh gains. Relative strength index momentum is now turning upwards from neutral, which shows that there are strong trending markets. Rob Sluymer, a technical […]

By Jing Zhu | Crescent City Capital Market Analyst Intern Currently, Bitcoin is experiencing another bull run. In May of 2019, prices surged well above $8000. This phenomenon has not been seen since November of 2017. For example, on November 25th, 2017, Bitcoin dominated the market across all cryptocurrencies, achieving a 52% overall market cap. Now in […]

By Jing Zhu | Crescent City Capital Market Analyst Intern According to the GTI Vera Convergence-Divergence indicator, which displays positive and negative trends, the halt in Bitcoin’s rally may include further downsides. Jake Stolarski, a senior trader at Greenwich, asserts that the market is currently trying to stabilize. As a result, key technical levels are creating high […]