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Fintech Focus For December 14, 2020

EU, UK to go the extra mile in talks. Bitcoin price dislocations unpacked. Direct-to-consumer growth secrets. What is wrong with the Cyber Truck? Hyundai to control Boston Dynamics. American Air to offer COVID testing. US sues Facebook and gets a reply. Market Moving Headline: During last week’s trade, U.S. index futures auctioned to new all-time highs, before moving back into balance. Key Takeaways: – Macro-, technical-landscape is still bullish. Given that the higher-time frame breakout remains intact, the following frameworks for next week’s trade apply. In the best case, buyers surface at the $3,654.75 low-volume node and extend range up to the high-volume node at $3,667.75. High-volume areas denote value and should slow prices allowing participants enough time to enter and exit trades. An initiative drive through this area would portend a test of the $3,690.75 high-volume node, and then the prior all-time rally high.

JP Morgan Sees MassMutual s Bitcoin Foray as a Signal for Better Demand

JP Morgan Sees MassMutual’s Bitcoin Foray as a Signal for Better Demand Last Updated: 14 December 2020 The demand for Bitcoin is rising among institutional investors like pension funds and insurance firms. The latest move by MassMutual into crypto is being highlighted as a signal for better demand according to JP Morgan. JP Morgan talks Bitcoin JP Morgan Chase & Co. the Wall Street banking giant suggests that the recent $100 million Bitcoin purchase of Bitcoin by Massachusetts Mutual Life Insurance Co. underscores an increasing demand for cryptocurrencies among institutional investors. In a Friday note, strategists from the lender including Nikolaos Panigirtzoglou said that wealthier investors, family offices, and institutional entities like pension funds and insurance firms are now eyeing Bitcoin investments. While both insurance firms and pension funds are not expected to make huge allocations to cryptocurrencies, even a small investment by them suggests

Crypto Long & Short: Bitcoin s Relationship With Gold Is More Complicated Than It Looks

Crypto Long & Short: Bitcoin s Relationship With Gold Is More Complicated Than It Looks
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