Cryptocurrency

In May 2018, Bloomberg announced that they had formed a cryptocurrency index called the Bloomberg Galaxy Crypto Index. Since Bloomberg only caters to institutional clients, an index of this nature was one of the first steps toward widespread institutional involvement. The index tracks five major crypto assets: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and EOS (EOS). The index started in May 2018 at 1,000. It reached a new peak in March 2021 of 3,765, dropped significantly until July 19th, and then set a new high on November …

Update on Cryptocurrencies As of December 15th, 2021 By, Van K. Tharp, Ph.D. Read More »

There are numerous ETFs that track everything from countries, commodities, currencies, and stock market indices to individual market sectors. ETFs provide a wonderfully easy way to discover what’s happening in the world markets. I apply an index-based version of my System Quality Number® (SQN®) score to measure the relative performance of numerous markets in a world model. The Market SQN score uses the daily percent change for input over a 100-day period. Typically, a Market SQN score over 1.47 is strongly bullish, and a score below -0.7 is very weak. …

November 2021 System Quality Number® Report The SQN® Report By, Van K. Tharp, PhD Read More »

In May 2018, Bloomberg announced that they had formed a cryptocurrency index called the Bloomberg Galaxy Crypto Index. Since Bloomberg only caters to institutional clients, an index of this nature was one of the first steps toward widespread institutional involvement. The index composition changes regularly but we will just show the graph because so many institutional investors follow it. Similarly, there are many indices for crypto that institutional investors now follow. For example, Bitwise has also opened the Bitwise 10 Crypto Index Fund and you can actually invest in. it. …

Update on Cryptocurrencies As of November 15th, 2021 By, Van K. Tharp, Ph.D. Read More »

Market Summary Bitcoin hit a new all-time high of $64,863.10 on March 13th but it has been going down since then and hit a low of $30,681 on May 19th. After moving sideways for a month, BTC hit another low of $28,893 on June 22nd. Then it rallied 17% in a single day and since then, it has been in a channel between $30K and $40K. The following chart shows that quite clearly. https://www.coindesk.com/price/bitcoin Thus, we are either due for more of the same or it will eventually move out …

Update on Cryptoassets as of July 20, 2021 By, Van K. Tharp, PhD Read More »

Market Summary Bitcoin hit a new all-time high of $64,863.10 three months ago on March 13th but it has been going down since. The recent low was on May 19th at $30,681 and since that time, it’s been in a channel between $30K and $40K. The following chart shows the channel quite clearly. https://www.coindesk.com In late 2017, I said that cryptoassets were the biggest institutional revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions were not ready or capable of participating in that revolution …

Update on Cryptoassets as of June 15, 2021 By, Van K. Tharp, PhD Read More »