BKCH News and Press, Global X Blockchain ETF From 02/27/23

Summary On January 20, 2023, the price of Bitcoin broke the bearish trend that had been going on for fourteen months and thus brought a touch of optimism to the market. The interest rate hike by the Fed does not contribute to a significant increase in optimism about Bitcoin. This ar...

Summary The bitcoin hash rate measures the computational power of the bitcoin blockchain and is a proxy for how much bitcoin mining is being done. As bitcoin mining declines in a region, the correlation between bitcoin and local stock markets subsides as well. The United States and ...

Summary Crypto prices were in the high $60,000 range in 4Q21 and have seen pressure throughout most of 2022, averaging just under $30,000 for the year. In the crypto mining space, several other factors contributed to the rally. Much like the relationship of gold mining companies to the ...

Summary Global central banks' interest rate stances has pushed the crypto and blockchain market off a cliff. A tight correlation to the Bitcoin price puts the BKCH ETF in price discovery mode. Technical analysis suggests no reliable support in sight, but to join the sellers, I am wa...

Global X ETFs Announces Eight ETF Reverse Stock Splits PR Newswire NEW YORK , Nov. 18, 2022 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange traded funds (ETFs), today announced a reverse split of the following eight funds: ...

Summary The allegations against FTX are that it lent out customer assets for risky activities. If this sounds familiar, it’s because it’s a move we have seen before in recent months with other bankruptcies. Most cryptocurrency values have been down significantly in t...

Summary In today's issue of the 1-Minute Market Report, I examine the market bounce since the October low, and highlight the areas of the market that are leading the way higher. On Thursday, for every stock that was down, there were 26 that were up. For the first time since August...

Summary After rallying 9% off the October 12 bottom, the market pulled back last week but still sits 5.4% above the low point. Commodities are trouncing all other major asset classes on a YTD basis, largely due to the rise in oil, natural gas, and agricultural prices. The newe...

Summary Crypto regulation has been widely discussed as one of the necessary steps for the digital asset market to mature and become truly mainstream. While mature industries often fear regulations because they believe they may stifle innovation, many crypto advocates are looking f...

Summary Digital assets are a new and distinct asset class that, despite considerable volatility, is rapidly maturing. To analyse digital assets, we apply the lens of traditional finance (“TradFi”). By combining this framework - informed by decades of experience in eq...