Tag Archives: Simon Peters

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin, Ethereum, and many other assets have experienced certain degrees of healing in the year 2023, a big turnaround from the previous 12 months, though the fact remains that the Fed is still looking into hiking rates, and another rate jump could be right around the corner. The Fed Could Hike Rates Again It...

The price of bitcoin has experienced a few bumps since the beginning of the year, but it’s still up 40 percent since 2023 first began. At the time of writing, the asset is above $23,000. While this isn’t quite the $25K it hit a few weeks ago, the currency is still maintaining a price in the $20K range. Bitcoin Is Maintaining Its Strength Mike McGlone – a senior macro strategist at Bloomberg Intelligence – wrote the following on social media: Headwinds remain strong....

Bitcoin has been having a very good year in 2023. The currency is up 50 percent since the end of 2022, and it looks like it’s going to be enjoying at least another few solid months in the coming future thanks to leniency from China. China Is Stepping Back Into the Crypto Picture For the most part, China has always been a big player in the bitcoin and crypto communities. The country once accounted for close to three quarters of the world’s bitcoin and crypto mining...

The last six weeks have been some of the worst bitcoin has ever experienced. Despite only being around for roughly 12 years, the world’s number one digital currency by market cap has seen its fair share of dark days and radical price changes. Last Month was the Worst Point in Time for Bitcoin Initially trading for about $64,000 per unit in mid-April, the asset hit a massive snag that late last week, saw it shed approximately $30,000 off its price. Today, the currency has...

As crypto traders, we have all been so caught up in the bitcoin hype as of late that it appears we have forgotten about Ethereum and a lot of the world’s smaller altcoins, but the fact is that these assets should not be forgotten. In fact, they should be revered. Ethereum Is Surging Ethereum has recently hit a new all-time high. At the time of writing, one unit of Ethereum has struck $2,774. That means one unit of the world’s second-largest cryptocurrency by market cap...

Everyone is talking about Tesla and bitcoin. While the news is more than 48 hours old, many are commenting that the latest move from the electric car company and its CEO Elon Musk is going to mark a significant time for the world’s leading digital currency by market cap.Tesla and Bitcoin Are Becoming the Perfect MatchThe currency has been making real waves for itself in the land of institutional investors, many of whom now see BTC as a hedge tool or store of wealth rather than just a...

Well, it looks like all good luck can’t last forever. Bitcoin, the world’s number one digital currency by market cap, has taken a serious stumble, having fallen back to about $33,000 at press time after spending most of the weekend trading at the $40,000 range.Bitcoin Decides to Step BackThe currency has risen to unprecedented levels, and with these spikes comes some serious repercussions that are potentially coming in the form of a new selloff, which typically tends to happen whenever...

Without reiterating too much, this past week has been rather rough for bitcoin. The currency has lost about $2,000 and fallen from $12,000 all the way down to the low $10,000 position. To say that things are bearish for the coin would be something of an understatement.Labor Day Is Here, and That Could be Good for BitcoinAnd yet according to some analysts, this week is going to prove pivotal for the world’s number one cryptocurrency by market cap. This is Labor Day week, which just last month,...

According to Simon Peters of the cryptocurrency exchange e-Toro, the inflation that everybody is so worried about as of late is going to result in a rather positive future for bitcoin.Simon Peters: BTC Has a Bright Future if Inflation ExistsNot too long ago, Federal Reserve chair Jerome Powell announced that the United States was going to permit inflation beyond the $2 mark. Traditionally, $2 is the maximum that inflation is usually allowed to go in this country, but given the special...

For the last several weeks, bitcoin appears to be hovering between the mid-$9,000 and $10K ranges. According to Simon Peters – an analyst with the cryptocurrency exchange and broker e-Toro – things are about to get rather ugly for the world’s number one cryptocurrency by market cap.Simon Peters: Bitcoin Could Strike New LowsPeters explains that the asset is about to undergo a serious correction that could bring it to new lows in the coming weeks. In an interview, he states:The recent crypto...