The Dow Could Have Its Best Week Ever

The doom and gloom that prefaced this earnings season could be clearing to reveal a rainbow of epic proportions, and some are predicting that markets could have the best week ever this week as the bulk of S&P 500 companies announce their results. Both the S&P 500 and the Dow finished last week only 1% […] The post The Dow Could Have Its Best Week Ever appeared first on CCN.com

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Signet Could Give Bitcoin a More Stable, Predictable Testnet Option

What’s better than the current Bitcoin testnet? A testnet that is highly predictable. This is the goal of the Bitcoin signet, a new sort of testnet proposed by Karl-Johan Alm, for which the one-word description would be “stable.” What Is a Testnet? Bitcoin developers need a place to test things out. That’s why we have two “versions” of Bitcoin: the mainnet (where everything is real and the coins have value) and the testnet (which mimics the mainnet but the coins have no actual value).  The fact that the coins on…

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Trends in GBTC Premium Offer Limited Predictive Value

After reaching new depths below the 8k level near the end of September, market valuations in BTC/USD have been largely trendless.  Over the last month, bitcoin has been caught in a narrowing price range that has made it difficult for quantitative traders to plot the next trend direction for the crypto pair.  Can price correlations between BTC and the GBTC offer some predictive value? One analyst says this is unlikely. On September 24th, major selling pressure in BTC/USD sent valuations to new lows at $7,988.  For bitcoin bulls, this move…

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Bitcoin Reclaims Support Level as Analysts Eye Further Gains

After struggling to break above $8,000 for the past several days, Bitcoin was once again able to find some support within the upper-$7,000 region that held strong and allowed BTC to move back up above $8,000. Analysts are now noting that the cryptocurrency may climb higher in the near-term but are also noting that a resistance level that is just a short way above BTC’s current price may halt this fleeting rally and send the crypto plunging back below $8,000. Bitcoin Climbs Above $8,000, But Bears May Soon Return  At…

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