A recent Bloomberg report said that Bitcoin failed to take advantage of the “perfect storm” created by the COVID-19 pandemic, falling short of becoming “digital gold.” When the outbreak of pandemic had just begun, many experts like Galaxy Digital CEO Mike Novogratz had predicted that “Bitcoin’s moment” was just around Read more…
Those who invested their government stimulus checks in Bitcoin in mid-April have already been rewarded with 35% gains. The price of Bitcoin reached $9,000 on May 5, making those checks now worth $1,610. But will the halving change things? Those who purchased Bitcoin with their coronavirus stimulus checks have already Read more…
As much as many say Bitcoin is uncorrelated, even the crypto industry hasn’t been spared in the recent outbreak of COVID-19. Like a majority of other asset classes, cryptocurrencies tanked on “Black Thursday,” experiencing their worst crash in years. And like most other industries, a number of leading firms laid 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…
Bitcoin has had a rough week, down around 9 percent and trading below $6,700. Ross Ulbricht, the founder of Silk Road, believes we’re in a bear market that could even take the price under $3,200. Ulbricht is serving two life sentences for money laundering, computer hacking, and conspiracy to traffic narcotics. Mike Novogratz disagrees. Read more…
While on the lockdown, you probably eat more than usual, stress out reading the news and spend long hours in front of your crypto charts. But this lockdown can make up for the delay in all the things you have always wanted to do. The question is, what have you Read more…
If Bitcoin Fails To Keep Its Current Levels, The Crypto Market May Experience Another Steep Downfall What seemed a week of upwards momentum for the crypto sector vanished in the past 24 hours, as Bitcoin suffered from a massive price hit. The leading cryptocurrency to date saw an almost $200-per-minute slump, forcing the market Read more…
COPENHAGEN, DENMARK / ACCESSWIRE / April 7, 2020 / As the coronavirus outbreak continues to cause havoc across the globe, the world of crypto mining is quietly experiencing a revolution. BitHull S.A (www.BitHull.com), a technology company, has recently introduced two crypto miners that have created a new lease of life Read more…
Bitcoin weathering the biggest crisis since the Great Depression, which caused a severe economic crisis in the 1930s. Willy Woo tweeted about Bitcoin visualizing its fall in price by 50% in comparison with Gold and S&P 500 in a bigger run. Willy Woo, who is a famous cryptocurrency analyst, a blogger Read more…