We were thrilled to welcome to Marc Kimsey, Senior Trader at Frederick & Oliver, to delve into the crypto markets and the Bitcoin and Ethereum outlook.
A period of severe volatility in cryptocurrencies saw Bitcoin retrace nearly 80% from its all time high, which has been a key level of support historically. This level sits around $14,000 while Bitcoin traded briefly beneath $18,000 over the weekend.
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As Bitcoin rebounds above $21,000 at the time of recording, Marc explores both the bear and bull case for cryptocurrencies. We look at Bitcoin’s growing financial infrastructure and the potential for a disorderly market caused by forced selling.
We finish by looking at Frederick & Oliver’s Bitcoin and Ethereum trading offering for professional clients.