Why Crypto Twitter’s Biggest Bull Suddenly Turned Bearish on Bitcoin

The pseudonymous Majin isn’t the most popular trader on Crypto Twitter, but even haters must admit that he’s got a knack for reading the market and has been on a hot streak since at least December 2018. Just to give you an example of how he called the bitcoin bottom, he tweeted a chart on January 28 that shows the leading cryptocurrency bottoming out at $3,200 and pumping above $4,000. As we all know, that came to pass. This triggers the bear. pic.twitter.com/nIR4LfUFQE — Majin (@majinsayan) January 28, 2019 Since…

Fed Will Take Interest Rates to Zero, Says Billionaire Investor Kyle Bass |

The Federal Open Market Committee (FOMC) could take a final call on lowering interest rates by a quarter percentage point in its meeting next week. But according to billionaire investor Kyle Bass, the bells of a recession could force the committee to consider even zero rates. The founder and chief investment officer of Hayman Capital Management told CNBC that he doesn’t see Fed rate cuts as a viable method to expand the US economy. He predicted a “shallow recession” in early 2020, adding that it would prompt the central bank…

Bull Case for Bitcoin Weakest Since February, Price Indicator Says

View Bitcoin’s bullish momentum has weakened to five month lows, according to Chaikin Money Flow indicator. That, coupled with the bearish lower highs pattern on short duration chart indicates BTC could fall back to the recent low of $9,049 and may even break lower. BTC may bounce back to $10,300 if sellers again fail to penetrate the support at $9,600. A UTC close above $11,120 is needed to revive the bullish view. The bullish mood in the bitcoin (BTC) market is at its weakest in five months, according to key…

Bitcoin Earning Service Lolli Bags Partnership With Safeway

Lolli Bags Big Partnership, Helps to Drive Bitcoin Adoption To most consumers, getting their hands on Bitcoin (BTC) is an arduous task. For those that aren’t so-called “crypto natives”, onboarding onto an exchange that doesn’t carry that same brand name as, say, E*Trade or TD Ameritrade’s Think or Swim may seem risky, especially when you involve passport details and other personal information. But, there have been companies trying to change this moat, so to speak. One of these is Lolli, a Bitcoin-centric rewards service that acts much like browser extensions…

U.S. Treasury Secretary: ‘I Bet I Won’t Even Talk About Bitcoin in Five Years’

U.S. Treasury Secretary Steven Mnuchin believes cryptocurrency transactions may pose certain risks to the financial system as they could potentially be used fund illicit activities such as money laundering and drug trafficking. Mnuchin’s recent comments also seemed to imply that Bitcoin might not be a major financial asset class in the coming years.  During an appearance on CNBC’s Squawk Box, Mnuchin remarked: “I can assure you I will personally not be loaded up on bitcoin in 10 years. I would bet even in five to six years I won’t even…

CFTC BitMEX Investigation Continues to Unravel Bitcoin Markets — EWN

BitMEX Continues to Lose Steam Post-CFTC Rumor Users of BitMEX seem to still be running scared. As noted by prominent Bitcoin and Ethereum proponent and commentator Spencer Noon, after Bloomberg published a story about the CFTC looking into BitMEX, $85 million worth of BTC fled the exchange within 24 hours. During the same time frame, a mere $12 million worth of the cryptocurrency was deposited, implying a net $73 million outflow on the day after the report. Also, since then, the average value of withdrawal transactions from the exchange’s wallets…