Can Short-term Support Hold Before Long-term Test?
USD/CAD Highlights: USD/CAD is trading at a near-term level of support A breakdown will have a level from 2009 and 2017 in play again USD/CAD ramped off a long-term zone… Read more »
Tag: longterm
New Stimulus Checks: Barbara Corcoran Slams Mark Cuban's Expiry Date Idea, Favors Long-Term Relief
Famous investor and “Shark Tank” star Barbara Corcoran has criticized Mark Cuban’s “use it or lose it” approach to the second round of stimulus checks for Americans. She also shares… Read more »
Chainlink Reaches an “Accumulation Zone” as Potential Long-Term Bottom Forms
Chainlink has been seeing intense weakness throughout the past few weeks, which has come about following a period of macro strength that allowed its price to rally up to highs… Read more »
Data: Long-Term Bitcoin Investors Hold Steady Despite $2,000+ Plunge
After a prolonged period of stability and sideways trading within the $11,000 region, Bitcoin finally witnessed an influx of selling pressure that put an end to this consolidation. This caused… Read more »
First Mover: As Bitcoin Falls for Second Day, Long-Term Holders Probably Won't Care – CoinDesk
You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto… Read more »
These 2 On-Chain Signs Suggest Ethereum's Long-Term Trend Is Positive
Ethereum has been on a remarkable rally over the past few weeks. Since the start of July, when the asset was trading closer to ~$220, ETH has literally doubled. It… Read more »
Why Bitcoin is the Best Insurance Policy For Long-Term Wealth Preservation
Fidelity Digital Assets has released a new report citing the company’s investment thesis for the first-ever cryptocurrency: Bitcoin. According to the finance firm, the crypto asset is an “aspirational store… Read more »
Data: Long-Term Bitcoin Investors Holding Strong Despite Latest Rally
Bitcoin’s intense uptrend in recent weeks hasn’t phased its long-term investors, who appear to be holding out for higher prices before they offload their holdings. Data shows that these investors… Read more »
Banks Face Short-Term Gain, Long-Term Pain as Commercial Lending Crisis Looms
The Paycheck Protection Program gave banks $24 billion in fees. With interest rates back at zero, this one-time gain will be offset by declining interest revenue and compressed margins. Even… Read more »
A Key Thesis for Bitcoin's Long-Term Bull Market Just Got a Knock – CoinDesk
A popular narrative argues that the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin. … Read more »