Market

Blog tagged as Market

The Rake Review: June 2024

Arguably the most impactful six months in Bitcoins’ history has come to a close. The long awaited approval and trading of the Spot Bitcoin ETF occurred within the first fortnight of the year. This momentum propelled BTC to new all time highs of $73,737.94 prior to the fourth Bitcoin Halving (the fir...

27.06.24 08:39 AM - Comment(s)
BTC – An Intermission before the inevitable
As we quickly approach the mid-way point of 2024, it’s prudent not only to look back on how far we’ve come since the beginning of the year, but also to cast our gaze into the horizon as we venture off into the second half of the year with optimism. Looking at the grandfather off all crypto...
27.06.24 05:09 AM - Comment(s)
Is there a TON of opportunity in Toncoin
Everyone is always looking for the next altcoin gem, could this be TON? Whilst it has catapulted its way into becoming a top 10 cryptocurrency, it is yet to be listed on the largest crypto exchange in Binance. Will a Binance listing price push it further up the ranks?
14.06.24 07:19 AM - Comment(s)
Cryptocurrencies premature reaction to positive inflation data
An action packed night has drawn to a close with CPI numbers and the FOMC statement being released within hours of each other.  Both bulls and bears fought gallantly, however, the bears came out on top.

A clearer image of the above chart can be found here (tradingview: https://www.tradingview.co...

14.06.24 07:09 AM - Comment(s)
What's Wrong with Bitcoin?

As a cryptocurrency brokerage we are often seeing new clients come to us for alts. 


Hello, I'm new to Stormrake, can you buy Shiba, Akita, Dogwifhat, Kira the injective cat or HarryPotterObamaSonic10Inu Coin?


While its true that we can service a very large set of coins the question has to be aske...

04.06.24 12:33 AM - Comment(s)
The Rake Review: May 2024

The ever changing crypto environment quickly moved on from the BTC halving and onto the highly anticipated Spot Ethereum ETF, which looks to be all but ready to go. As anticipated, Bitcoin experienced a somewhat slow and sideways month post halving. The month of May had seen the lowest volumes trade...

30.05.24 05:04 AM - Comment(s)
Spot Ethereum ETF Approved! What's Next?

The Spot Ethereum ETF has been approved! It's great news for all those already invested in Ethereum and those who are looking to enter the cryptocurrency space. Less than a week ago, the chances of approval were extremely bleak at a mere 25% (According to Bloomberg analysts). These odds ro...

24.05.24 02:04 AM - Comment(s)
Ethereum ETF likely to be approved

Is 2024 the year for cryptocurrency ETFs? As the SEC, once seen as the enemy of crypto, is on track to approve an Ethereum spot ETF.


Bloomberg ETF analysts have increased their odds of the spot Ethereum ETF to an approval chance of 75%. Prior to this news, the likelihood of approval was sitting at a ...

22.05.24 06:19 AM - Comment(s)
The FEDs Fight Against Inflation a Doveish Prophecy or a Wolf in Sheep's Clothing?
Between a deluge of mostly bullish stock market Q1 earnings in the last month, positive Inflation CPI data last week and a continued overall fixation on how the Federal Reserve in the United States will respond to such macro-economic data, it’s needless to say we’re at a pivotal turning point in the...
21.05.24 10:09 AM - Comment(s)
Bitcoin 2024 Halving Edition

The 4th Bitcoin halving has finally arrived, the 840,000th block has been mined. Is this where the fun begins or will we have to wait a little longer?

A clearer view of the image above can be found here: https://www.tradingview.com/x/hXx6mv9Y/

02.05.24 08:43 AM - Comment(s)
BTC The Calm Before the Storm!
In the last month since our February analysis, Bitcoin’s Price Action has been choppy to say the least. Whilst we’ve watched Bitcoin technically make a new All-Time-High in $USD, we’ve also been subject to much needed consolidation during this time period after reaching a temporary peak of $73,794, ...
13.04.24 11:51 PM - Comment(s)
Stormrake BTC Halving Opportunity

Stormrake is thrilled to announce that it is offering a 50% discount on brokerage fees for Bitcoin trades above $10,000. All eligible buys, sells and swaps can participate to celebrate the historic 4th Bitcoin Halving.

09.04.24 11:21 PM - Comment(s)
The Crypto Bull Market Playbook 

Just before we dive into this month's edition of The Rake Review, the Stormrake team which is currently hiring and expanding hopes you enjoyed the Easter break with your loved ones. As you may have noticed, our team has tripled in recent months and are still on the lookout for talented, passionate a...

01.04.24 06:51 AM - Comment(s)
BTC Blow-off! March 2024 Analysis
What a tremendous week we’ve seen in the markets in just a short span of time since our last
update two weeks ago on Bitcoin’s Price Action. There’s no denying that Bitcoin has defied short-
term expectations. It is reassuring to see that price has now not only just hit our previous target of
$59,000 f...
04.03.24 05:13 AM - Comment(s)
BTC Market Update

As of last week’s price analysis, we’ve since watched the battle of the bears & bulls, while it’s also been a week of stiff competition between both the Superbowl’s Chief’s and 49’ers, we’ve also witnessed a supercharged and energetic Crypto market. 


Fueled between the prospects of a potenti...

15.02.24 04:57 AM - Comment(s)
BTC The Battle of Bulls & Bears; a Price Analysis - February 2024

Bitcoin has seen tremendous bullish momentum since the beginning of 2023, rallying nearly 200% since the open of $16,530 as of Jan 1st 2023 until its recent high of $49,048 USD as at 11th of Jan 2024, erasing all the gains lost in the wake of the Luna and FTX insolvency fiascos and then some. The ye...

09.02.24 05:14 AM - Comment(s)
A New Year of Hope & Actual Strategies

While we hope you enjoyed downtime during the holiday season and a lazy warm January, markets were buzzing with news and excitement. Crypto markets experienced multiple significant waves as massive players entered the market. We bring you another packed Rake Review to fill you in on the important...

31.01.24 09:49 AM - Comment(s)
SEC approves spot Bitcoin ETF

This morning, The U.S Security and Exchanges Commission (SEC) approved the rule changes that allows a spot Bitcoin ETF to be listed and traded. 11 individual funds have received approval. This landmark decision marks a pivotal moment in the cryptocurrency space, opening up access for old money to fl...

11.01.24 03:34 AM - Comment(s)
2024: The Year of The Raging Bull

The year 2023 witnessed significant strides in the cryptocurrency market, characterized by both maturation and innovation. Amidst regulatory advancements, technological breakthroughs, and shifting investor sentiments, the industry demonstrated resilience and adaptability. This comprehensive research...

02.01.24 03:37 AM - Comment(s)
Your Lifeboat Is Waiting

Another great month for crypto draws to a close while the world outside makes less and less sense. Bitcoin is more than money, it is personal freedom. Bitcoin doesn't care about who you are and where you come from - It is for all of us so get on the lifeboat


Nov...

01.12.23 02:08 AM - Comment(s)