Tag: cryptocurrency

  • It May be Time to Go Long Bitcoin Miners Again

    It May be Time to Go Long Bitcoin Miners Again

    Investors may want to keep an eye on oversold Bitcoin mining stocks. Especially with Bitcoin bouncing back from excessively oversold conditions. Analysts at JP Morgan are saying that outflows from Grayscale’s covered spot Bitcoin ETF is largely behind us. “This would imply that most of the downward pressure on bitcoin from that channel should be…

  • Three Top Ways to Trade the Bitcoin Bounce

    Three Top Ways to Trade the Bitcoin Bounce

    Bitcoin is just beginning to recover. Days ago, Elon Musk sent the digital currency screaming lower after saying Tesla would no longer accept Bitcoin for auto purchases, citing “rapidly increasing use of fossil fuels for Bitcoin mining,” as quoted by CNBC. In addition, Musk tweeted, “We are also looking at other cryptocurrencies that use <1%…