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Bitcoin Continues to Struggle
The Bitcoin market initially tried to rally during the trading session on Tuesday, only to turn around and show signs of weakness. At this point in time, I think you do need to be cautious about Bitcoin due to the fact that the market is currently waiting to see if interest rates will drop again, and that's what the trading action of the last couple of days had been all about, quite frankly.Bitcoin desperately needs low interest rates in order to flourish. That's the exact reason that it exists. It was to get away from fiat money printing and low interest rates. Oddly enough, we have both money printing and high ... (full story)