Bitcoin Looking Very Bearish Once Again

From Tyler Durden: The selloff across cryptocurrencies accelerated this week, when bitcoin and other digital tokens dropped for the second time in less than 24, sinking to a nine-month low amid growing concern broader adoption of digital assets will take longer than some anticipated following an earlier report that Goldman was suspending its cryptocurrency trading desk plans.

Don’t Ignore Turkey’s Total Economic Collapse (TUR)

From Tyler Durden: Given the goldfish-like memories of financial market participants – and outlier-stripping nature of the algos that really trade – today’s abrupt collapse will likely be a small slap in the back of the head for many traders, but as former fund manager and FX trader Richard Breslow notes, “today’s Turkey meltdown holds lessons to be […]