Bloomberg is one of the world’s leading providers of 24-hour financial news and information. This data includes real-time and historical prices, financial data, trading news and analyzed market coverage. Its services provide financial professionals with business analysis tools. One of Bloomberg’s main sources of revenue is the Bloomberg Terminal, an integrated platform that continuously streams this price data. After a bear market that lasted several months, Bloomberg announced the current price of bitcoin is particularly low.
Bloomberg News: What is it?
Bloomberg Intelligence is one of the flagship product offerings of Bloomberg LP. They are one of the most widely used and valued professional investment systems in the financial market. The high cost does not allow individual investors with relatively small capital to acquire it. Therefore, the majority of clients are institutional investors.
Investors can also use the Bloomberg Intelligence trading system to facilitate the placement of financial transactions, such as stock and options trading.
Bloomberg charges an annual subscription. The price of the electronic trading system reached $27,660 per year in 2020.
Bitcoin price (BTC)
The cryptocurrency is trading around USD 23,018 at the time of writing. According to Bloomberg, the current price is low. For a long-term investor, we can fully engage in the analysis of the algorithm regarding the basis.
If some consider that a bullish trend has been initiated, others discount this information since the bullish recovery has not been established over time. In other words, the recent moves may just be a technical bounce. If so, the asset is not down in the falling market. However, if the negative trend is confirmed, Bloomberg seems to consider the current range synonymous with balance for investors.
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As for the angels of intervention in the current monetary system, I oppose DeFi, digital assets and the metaverse. Lawyer in Luxembourg, I am interested in cryptocurrency investment funds.