Archive | bearish

Popular Demand Spurs Goldman Sachs to Start Covering Bitcoin

After numerous client requests, Goldman Sachs has reportedly started covering bitcoin. The firm released a report on Monday with a bearish outlook for the digital currency. Also read: Hedge Funds Are Quietly Investing in Bitcoin ‘Due to Popular Demand’ Bitcoin.com recently reported on hedge funds quietly investing in bitcoin. An article by Zero Hedge on Monday confirms […]

Bitfinex Price Spreads Bring Uncertainty to Bitcoin’s Price Rally

One week has passed since bitcoin exchange Bitfinex announced issues with banking partners and halted fiat withdrawals for its customers. Since then the price of bitcoin has been rallying upwards reaching new highs across global exchanges. As the price surges, Bitfinex prices have been $100 higher than at other exchanges, making traders worrisome a bubble is […]