Sure there are other things going on in the market right now but who cares about them?
With the VIX currently hovering at record lows, there isn’t much volatility or movement in the stock markets right now. Frankly, the kind of movements we’re seeing these days in the cryptocurrency markets are astonishing and are some of the biggest seen in any market since the beginning of time.
I mean, we could talk about President Trump firing the FBI director but really that would just be beating a dead horse. Besides, I’ve made a conscious decision not to let President Trump dictate what I write about and I’m pretty sure you’re tired of reading it by now.
Poor Mark Carney though. The Governor of the Bank of England said some really interesting things yesterday and managed to move the Pound Sterling by about 30 pips. It’s just that during the time frame of that announcement Bitcoin moved more than $50 a coin.
How we got here
Why this is happening
Where is it going
Please note: All data, figures graphs below are valid as of May 12th. All trading carries risk. Only risk capital you can afford to lose.
What’s going on?
Well, the ride up
Read more ... source: CryptoCoinsNews
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