While a bullish backdrop emerges in February, spare a thought for the traders trying to time the market. One savvy trader by the name of Samjhill on Reddit has built a trading tool that outperforms dollar-cost-averaging (DCA) for buying Bitcoin (BTC). DCA is the strategy in which investors buy a small amount regularly regardless of price fluctuations. It works in contrast to … [Read more...] about Trader builds Bitcoin ‘buy the dip’ bot, outperforms DCA
Outperforms
Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms
Argo Blockchain (ARBK), the only crypto miner listed on the London Stock Exchange (LSE), has declined by 45%, while Canadian crypto miners Hive Blockchain (HIVE) and Hut 8 Mining Corp (HUT) have slipped 52% and 59%, respectively. Toronto-listed crypto exchange Voyager Digital (VYGVF) is down 50% alongside a 45% slide in shares in MicroStrategy (MSTR), a business-intelligence … [Read more...] about Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms
Stronghold Digital Outperforms Peers After DA Davidson Buy Rating
Stronghold Digital (SDIG), the bitcoin mining company that converts coal waste into power for its operations, outperformed its mining peers on Monday after the investment bank DA Davidson slapped a buy rating on the company and said it sees potential for shares to rise more than 50% over the next 12 months. Source link … [Read more...] about Stronghold Digital Outperforms Peers After DA Davidson Buy Rating
Bitcoin Outperforms as Traders Prepare for Next Leg Higher
The surge in bitcoin futures open interest, or total number of outstanding derivative contracts, over the past month coincided with the launch of the first bitcoin futures-based exchange-traded fund (ETF) introduced by ProShares, trading under the ticker BITO. “Now, the open interest has declined substantially, particularly when subtracting the BITO contribution,” Arcane wrote … [Read more...] about Bitcoin Outperforms as Traders Prepare for Next Leg Higher
Market Wrap: Ether Hits New High, Outperforms Bitcoin as Altcoins Rally
Ether, the world’s second-largest cryptocurrency by market capitalization, reached a new all-time price high of around $4,400 on Friday, topping the previous record high of $4,379 in May, according to CoinDesk data.ETH is up about 11% over the past week, compared to a 3% rise in BTC over the same period. Technical charts indicate further upside for ether relative to bitcoin, … [Read more...] about Market Wrap: Ether Hits New High, Outperforms Bitcoin as Altcoins Rally