Monitoring The Volatility In Bitcoin (/BTC) And Crypto

The Japanese state of emergency contributed to the massive selling at the open, says Michele Schneider of Marketguage.com. She thinks crypto will be bullish and be the future. There will be a 6-month release in July of institutions locked up in bitcoin (/BTC), with the ability to sell $530M if they choose, she says. She thinks $41K is a catalyst for bitcoin, but we are in a range of $30K to $36K. Visa (V) reported over $1B of usage in crypto with the credit card, she adds. She says the biggest reason crypto sold off was Bitfinex saw whale selling or going short. She discusses the environmental concerns with bitcoin.

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08 Jul 2021

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Monitoring The Volatility In Bitcoin (/BTC) And Crypto

The Japanese state of emergency contributed to the massive selling at the open, says Michele Schneider of Marketguage.com. She thinks crypto will be bullish and be the future. There will be a 6-month release in July of institutions locked up in bitcoin (/BTC), with the ability to sell $530M if they choose, she says. She thinks $41K is a catalyst for bitcoin, but we are in a range of $30K to $36K. Visa (V) reported over $1B of usage in crypto with the credit card, she adds. She says the biggest reason crypto sold off was Bitfinex saw whale selling or going short. She discusses the environmental concerns with bitcoin.

The Watch List

08 Jul 2021

ON AIR
7:00 am
Market Overtime
replay

Get Market Minute

Daily insights for every investor

FOLLOW US