The widespread money printing that has come about as a result of the Coronavirus pandemic will eventually lead to massive inflation rates for fiat currencies Although the crypto market’s participants have long seen digital currencies as a way to escape the impacts of this, it now appears that “smart money” is taking notice as well The managing director for Grayscale Investments is now noting that his company’s regulated crypto funds are seeing unprecedented inflows Bitcoin […]
Tensions between the United States and China in the past led to an increased interest in Bitcoin and gold in the past. But now that the economy is on thin ice due to lockdown conditions, worsening relations between the two countries are expected to have a negative impact on the assets in the near term. Could heightening tensions between US and China be responsible for Bitcoin’s waning momentum? Bullish Beginnings Emerge From Early Trade Tensions […]
Opportunities for Bitcoin could grow as its top safe-haven rival Gold risks regulatory challenges. The U.S. Federal Reserve might impose a ban on private gold ownership to tackle inflation, according to hedge fund manager Crispin Odey. The central bank resorted to a similar strategy after the Great Depression to neutralize the US dollar value. The prospects of Bitcoin on Wall Street grow further as a billionaire hedge fund manager paints a grim outlook for its […]
Bitcoin endured a surprising sell-off on Wednesday after a mysterious entity moved 40 BTC from an address that has been inactive for a decade. Twitter account “Whale Alert” first speculated that the older Bitcoin wallet potentially belongs to Satoshi Nakamoto, who has 1.1 million BTC. Technically, bitcoin slipped after failing to cross above a long-term resistance level near $10,000. The pullback sentiment could swell further. Bitcoin creator Satoshi Nakamoto might be a bearish ‘ghost’, according […]
If you haven’t been living under a rock, you know that today, 50 Bitcoin from an address created one month after the cryptocurrency’s birth in January 2009 was just moved. Fifty coins is not a large amount of money if you consider the expanse of the entire crypto market. It’s around $500,000 in a market worth in excess of $200 billion. Though due to the proximity of this address’ age to the creation of the […]
Bitcoin has continued ranging sideways within the upper-$9,000 region following a series of rejections at $10,000 The ongoing bout of sideways trading may mark buyers’ attempt to generate increased trading activity from bulls Analysts are noting that Bitcoin is nearing the apex of a large ascending triangle The resolution of this pattern could be the impetus for BTC to print a $1,000 candle Bitcoin has struggled to garner much momentum in recent times, with its […]
Open interest for Bitcoin futures on the CME is once again pushing higher towards fresh all-time highs This growth has not coincided with any heavy increase in trading volume, signaling that many investors are looking to use futures to gain long-term exposure to BTC BTC OI’s growth has come as one of the Fed presidents notes that the COVID-19 pandemic could drag on for significantly longer, also leading governments across the world to spend significantly […]
Bitcoin experiences a Golden Cross for the first time since February 2020. The bullish indicator surfaced as open interest for CME Bitcoin Futures hit a record high. Nevertheless, the cryptocurrency continues to hover below $10,000, while eyeing a price breakout. On Wednesday, Bitcoin printed what is known in technical analysis as a “Golden Cross.” The technical indicator occurs when an asset’s 50-day moving average crosses over its 200-day moving average. Its occurrence on the Bitcoin […]
Bitcoin has seen some notable volatility throughout the past several hours, with Bitcoin rallying up to highs of $10,000 before facing a sharp rejection In the time since, it has been able to find some notable support despite struggling to gain enough buying pressure to extend its upwards momentum Analysts are now noting that BTC appears to be forming a fresh trading range, and there is one key level to watch that could have a […]
Bitcoin investments in China could grow as global funds increase their exposure in Chinese equities in a significant capital reshuffling. The cryptocurrency eyes more demand as a V-shaped rebound in the Chinese economy seems unlikely per top analysts. History shows that unsettling economic conditions send Chinese investors to the safety of Bitcoin via stablecoin Tether. Investments in the world’s first decentralized asset Bitcoin could grow in China as the country becomes the center of a […]
Bitcoin surged by almost 600 points Wednesday after Federal Reserve Chairman Jerome Powell said additional fiscal stimulus is “worth it” to protect the economy. The benchmark cryptocurrency, while rising, broke its correlation intraday with the U.S. stocks, which closed lower. A top crypto analyst said a global market crash could push Bitcoin further higher. The price of Bitcoin rose Wednesday after Federal Reserve Chairman Jerome Powell’s defeatist remarks on the U.S. economy supported the perceived […]
