Analyst: Short-Term Correction Expected if Bitcoin Drops Below $3,600

Following a week of slow but steady gains Bitcoin fell off the digital cliff again yesterday with a flash crash that wiped out all progress made so far this year. Analysts are now looking at a short term correction if BTC can hold on to where it has currently fallen. Further Downside Expected on Consolidation…

Read more »

Crypto Analyst: Ethereum (ETH) Investment Thesis is "Questionable"

Although the crypto market, in general, has undoubtedly had a bad year, some digital assets have had it worse off than others. Bitcoin’s (BTC) ~83% decline from its all-time high is mere peanuts, especially when compared to the 94% loss that Ethereum (ETH) has undergone. ETH has fallen so far from its high horse that the…

Read more »

Facebook has created 'too many adversaries,' says analyst who just downgraded the stock

Stifel on Wednesday published a note saying it has lowered its rating for Facebook shares from “Buy” to “Hold.” The firm said “Facebook’s management team has created too many adversaries … to not experience long-term negative ramifications on its business.” Stifel is maintaining its target price for Facebook, but it no longer finds “the upside…

Read more »

Analyst: Crypto Mining Giant Bitmain Losing Its Edge As Demand Dwindles

Chinese tech conglomerate Bitmain has been the dominant force in crypto mining for the past year. However according to analysts at Sanford C Bernstein & Co. it may be losing its edge as rival firms enter the market and demand dwindles as markets continue to decline. In a report by the SCMP it was suggested…

Read more »

Why a Respected Analyst Believes Institutional Investors Will Not Commit to Crypto in 2018

Gabor Gurbacs, the director of digital assets at VanEck, recently said it remains uncertain whether institutional investors will commit to crypto in 2018, due to the regulatory burden on the asset class. Price Isn’t Reacting to Positive News Since early August, the cryptocurrency sector has seen some of the most positive developments in the industry’s…

Read more »