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Mati Greenspan on the Technical and Macro Roots of Bitcoin's Price Surge
As BTC surges, is it fundamentals, technicals or macro context? Former eToro analyst Mati Greenspan breaks it down.
Updated Sep 13, 2021, 12:08 p.m. Published Jan 14, 2020, 8:00 p.m.
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Bitcoin is up more than 8 percent in the last 24 hours. BSV, meanwhile, is up nearly a whopping 100 percent. The question is, of course, why? Is it some larger macro context? A pump-and-dump? Or just the crypto markets being as crazy as they are. The Breakdown invited guest Mati Greenspan, former eToro analyst and now founder of Quantum Economics, to give his take.
We also look at two stories around the growing crypto derivatives markets: the launch of the CME’s options on bitcoin futures and CFTC Chair Heath Tarbert’s comments Monday that regulated derivatives will bring legitimacy to the space. Finally, we look at a just-released Investor Alert from the U.S. Securities and Exchange Commission on IEOs.
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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