Hate giving mindshare to these people but have to admit, am pleased to see queries for Bitcoin still having a leg up vs. the Likes of Donald Trump and Kim Kardashian despite the declining trend. The correlation between Google queries and BTC px action is surprisingly uncanny.
The peak in queries superseded the +17% pop that lifted BTC from $6340 which extended to clock in a 43% move before pulling back to where we are now. The heating Sino-US trade war certainly playing a hand as well through the impact on the CNY which has been drifting higher on the back of this; -3.65% vs. the Greenback from mid-April . CNY-CNH spread widens on these abrupt moves (either way). Not to mention the demonstrations; reportedly over a million protestors took to the streets against the extradition bill slated to be voted by LegCo 20th June.
Surprised how little attention Apple’s CryptoKit is getting from the press. BTC actually dropped during Apple’s Worldwide Developers Conference during which the announcement was made (6/3~7). Not a game changer yet but surely the change of heart alone is huge?
While the crackdown by the US continue to lead to platforms shuttering their doors to Americans (Bittrex, GateCoin…) and more reports (including an unsavory leak on this matter) of fake volumes awash at exchanges, we are still seeing some solid performers. Noteworthy performers over past 7 days: $LTC +30.6% as investors trade ahead of the halving slated 25th Aug, $LEO +32.2% as the anchor investors continue to shill it. The coin is nearly 2x since launching just 24 days ago.
Heads up on the $OKB markets for USD, BTC, ETH & USDT listing on Bitfinex 6:00PM HKT. OKEx’s token has gained +18.4% on the back of this.
May the trend be your friend… Happy Trading
