2020 emerged as the year of cryptocurrencies as more investors dumped their low-yielding traditional safe-haven instruments to seek profitable opportunities in projects that offered more returns on their investments.
With a history of firing nasty comments at Bitcoin, the Wall Street mammoth, ranging anywhere from “bubble” to “financial scam,” appeared with candies in its hands this time.
The dilemma was the same at the beginning of July 2020: could or could not Wall Street earnings influence the Bitcoin price trend? Entering October 2020, the market has some clues about it.
A battered final month of the third quarter signaled more pain for Bitcoin, a decentralized cryptocurrency known for hedging global market risks and enabling cheaper and quicker cross-border payments.
On Sunday, Bitcoin experienced a brief pump-and-dump.
Predicting Bitcoin price is no less than looking into a crystal ball. As the cryptocurrency leaves behind a trail of endless bullish and bearish fractals, it gives traders a grain of data to predict its next trend.
“Negative interest rates? Over my dead body.” Jerome Powell did not say that. But if one were to reimagine the Federal Reserve chairman in a superhero comic book, that is precisely how his dramatized version would have screamed about “the biggest monetary policy experiment of modern times.” In the real world, a less-theatrical Powell conveyed…