It’s been a good week for Bitcoin. After languishing at around $6,700, the cryptocoin is up more than 6 percent over the last week to take it above $7,000. And the next halving is now less than three weeks away. Changpeng Zhao is looking further ahead. He predicts that in a few months, as Read more…
Developing markets have a lot to gain from many of Bitcoin’s use cases. This narrative has played out predominantly in several parts of Africa and Latina America, especially over the last few years. Be it as a means of transacting value, a means to safeguard value, or an asset that stops governments Read more…
In brief Dallas Mavericks owner Mark Cuban says the team has taken in $130 of Bitcoin. The NBA team accepts Bitcoin for tickets and merchandise. Cuban, an outspoken critic, previously said he had no holdings of crypto. It was just over a month ago that billionaire investor Mark Cuban claimed Read more…
In brief: In a tweet earlier this week, Tyler Winklevoss believes that the Federal Reserve’s recent actions have set the stage for the rise of Bitcoin (BTC). Additionally, he cautioned that the COVID10 pandemic will increase surveillance by governments attempting to track the spread of the virus. He also pointed Read more…
Despite the fact that all eyes have been on Bitcoin as of late, the hype around a rally in XRP and other altcoins has grown over the past few weeks. After all, Ethereum has embarked on an extremely strong rally against BTC over the past few weeks, retaking support level Read more…
Holding a net worth of about $140 billion, Jeff Bezos could theoretically afford to buy all the Bitcoin (BTC) in circulation. What would happen if he tried? Genesis Mining’s head of mining operations weighs in on the matter. “Of course he could only buy the liquid BTC on exchanges, massively Read more…
The cryptocurrency community believes that Bitcoin was made for the type of economic upheaval that has gripped the world since COVID-19. Billionaire trader Mike Novogratz tends to agree, saying in an interview with CNBC that Bitcoin is facing a key moment, as monetary policymakers continue to dole out trillions in stimulus. The Galaxy Digital Read more…
The coronavirus-driven economic downturn has prompted Bank of America to revise its price forecast for gold upwards, bringing its prediction to $3,000 in the next 1-2 years. But despite being warring assets, experts believe this may be positive for Bitcoin. In the last few weeks, central banks have flooded the global economy Read more…
The stock market seems to be playing out exactly as we predicted. The S&P 500 (SPX) seems all set to test the 61.8% fib retracement level once again. This would lead to similar near-term bullishness in the cryptocurrency market. We expect BTC/USD to climb past $8k to test $8.4k-$9k before the next Read more…
Amidst the oil market madness, can Bitcoin (BTC) pull through to hit $10,000 before the halving? Can Bitcoin brace the current market and rise beyond the $10,000-mark before the halving? Here are our top 5 picks in favor for a bitcoin bull rally. 1. Bitcoin (BTC) spikes above $6,900 breaching above Read more…