New Analysis Finds That Mondays Are the Best Days to Buy Bitcoin

This week saw Bitcoin price (BTC) hitting the $9,000 barrier amid the launch of CME Bitcoin options and Plaid’s acquisition by Visa, reaching a record price for the last two months.  Bitcoin’s 27% price gain since the beginning of the year along with the future bullish scenarios laid down by investors may attract new crypto holders. But since BTC/USD is traded 24/7, new investors may be wondering: is there a difference between investing on a particular day of the week? Figure 1. Crypto market data, 1-day performance. Source: Coin360 The…

Blind Bitcoin Bias Gives Crypto Technical Analysis a Bad Rap

If you’ve spent any time browsing crypto Twitter, or any of the Bitcoin or crypto-focused communities on Reddit, there’s no doubt you’ve come across investors challenging traders sharing charts filled with trendlines, saying that “technical analysis doesn’t work.” While technical analysis does not guarantee success, it can certainly increase the probability of it. However, any bias – something that is ever-present throughout the crypto market – must be removed to accurately get a read on the market. Let’s take a look at how bias can interfere with technical analysis, and…

ANALYSIS: The Global Game of Coins Heats Up

China’s digital currency project continues to move ahead aggressively, with a new paper from the People’s Bank of China suggesting that a core design is complete. Whatever stage of development the currency actually is, it’s clear that China wants the world to see it as ahead of the curve in the digital currency race.  In other parts of the world, crypto companies face a never-ending game of regulatory arbitrage. Derebit has moved from the Netherlands to Panama, citing a new burden from AMLD5 compliance. In the U.S., New York wants…

Bitcoin & Crypto Market Facing Hurdles: BNB, BCH, LTC, EOS Analysis

The total crypto market cap is declining and struggling near the $178.0B support. Bitcoin price was down around 3%, but it is now recovering above $7,000. Litecoin (LTC) price declined more than 5% and it is now trading below $40.00. BCH price failed to stay above the $200 support and it is extending losses below $195. EOS price is down 5% and it even broke the $2.500 support area. Binance coin (BNB) is likely to revisit the key $13.00 support area. Bitcoin (BTC) and the crypto market cap are gaining…