Yesterday, Goldman Sachs warned that the US Dollar stands a severe risk of losing its status as the world’s reserve currency. This comes amid rising concerns regarding inflation in the United States. Will this lead to Bitcoin price rallying further in the near future? The Demise of the Dollar’s Dominance is Near: Goldman Sachs As...Read More
Both Bitcoin and gold have surged as the US Congress is debating over the further stimulus program to support the economy amid the pandemic. Nevertheless, a major investment bank is recommending the cryptocurrency over the metal. Oppenheimer Analyst Says Now Is the Right Time to Invest in Bitcoin On Tuesday, Bitcoin touched the highest level...Read More
Bitcoin has finally been able to go past the daunting $10,000 mark after months of speculation and anticipation. In the past 24-hours, many of the altcoins have seen their coin’s price appreciate. Bitcoin SV, Dash, and Ethereum Classic have all registered up to 13 percent in the past day’s time. Bitcoin SV [BSV] Source: BSV/USD,...Read More
Grayscale Investment, operators of the largest crypto hedge fund, is close to reaching a $5B valuation after adding $500M to its assets under management (AUM) is less than a week. Meanwhile, other cryptocurrency funds like Tetras Capital are shuttering after low returns despite market-wide recovery since Black Thursday. Grayscale Crypto Fund AUM at $4.8B Tweeting...Read More
It was “fourth-times the charm” for Bitcoin as the largest digital asset successfully breached past its $10,000 resistance; a range that had alluded BTC since the start of May. To be honest, the bullish break was long-time coming for Bitcoin since the asset had strong on-chain fundamentals for the past few weeks despite price stagnancy....Read More
With gold setting a new all-time high (ATH) and Bitcoin (BTC) surging past $11,000 for the first time in over 11 months, market observers say investors are focusing on haven assets while governments prepare for another round of economic stimulus activities. Market Uncertainty Acting as Tail Winds for Bitcoin and Gold As of the time...Read More
The most recent Bitcoin price surge may have triggered a serious FOMO wave amongst investors as data displayed the largest inflow of Tether (USDT) towards exchanges in eight months happened yesterday after BTC broke above $10,000 and aimed for $11,000. Tether Into Exchanges To Follow BTC FOMO? Bitcoin’s price finally broke above $10,000 a few...Read More
The largest cryptocurrency, Bitcoin finally witnessed great volatility sneaking into the market, after months of remaining dormant. This upwards volatility helped the coin’s price to rise by 18% in a day, which eventually pushed the price above $10k. The peak registered during the rally was $11,417, whereas the price has reduced to $10,735, at press...Read More
After Bitcoin’s significant rally to above $10,000, centralized exchanges have seen the largest hourly net flow of BTC in over three months. The question remains if such a vast amount of coins heading towards platforms could unleash a sell-off and, consequently, a price drop. Record BTC Net Flow Towards Exchanges According to data from the...Read More
About an hour back, Bitcoin’s price clocked a new 2020 by hitting the $11,000 mark. This comes after BTC zoomed past the psychological $10,500 barrier earlier today. Is this a trap for bulls or the beginning of another bull market? Bitcoin Price Has Officially Clocked a New 2020 High, Bull Market Here? When a U.S....Read More
Popular cryptocurrency YouTube content creator DataDash believes that Bitcoin has entered a long-term bull cycle. He based his opinion on several factors, including the famous stock-to-flow model, the increasing hodling mentality from investors, and the issuance of new coins. Weekly And Monthly Bullish Patterns According to Nicholas Merten, the person behind the popular DataDash YouTube...Read More
Disclaimer: The findings of the following analysis may or may not materialize within a week as the variables involved and in consideration are too precarious for the year 2020 Bitcoin is treading deep waters again. In fact, the world’s largest digital asset has traded in this range only thrice over the past 7 months. Hence,...Read More
With Bitcoin breaking $10,000 for the third time this year and going on its maiden big-money move since the halving, prospects are high. Like all moves from four to five figures, this one was initially met with startling enthusiasm. However, given the market we’re in now, how long can the market sustain above $10,000? The...Read More
CryptoPotato’s cryptocurrency fund (the Crypto Fund) launched nearly a year ago continues to attract new investors and its performance has increased sharply during 2020 and especially in the past month. The growth comes after a significant change in its asset allocation with the purchase of Augur’s native token – REP. CryptoPotato’s Crypto Fund History During...Read More
Bitcoin’s rally on 26 July marked the fourth time since May that the crypto-asset had re-tested its resistance at $10,000. On the previous three occasions, after reaching $10,000, an immediate correction had ensued. In fact, over the past few months, BTC’s struggles with the $10,000 level have been well-documented. Source: Trading View As observed in...Read More
With Bitcoin surging past $10,000 for the first time in two months and marking its first real big-money move since the halving, is the 2020 bull run here? Well, it’s still too early to say, and global markets are dealing with a host of challenges, but for Bitcoin to sustain this breakout and continue on,...Read More
Bitcoin has recently concluded one of its best trading weeks of the past three months with a move over $10,000. Since the beginning of the week, the premier cryptocurrency has seen a 6.5 percent price increase which has taken it past $9,600 and then past the five-figure mark after a month of trading in a...Read More
Since its inception, Bitcoin has been the most popular payment tool among criminals operating in the markets of the darknet. Even today, with mainstream attention, global regulation, and billions in daily traded volume, the use of the decentralized, censorship-resistant, and universal cryptocurrency has not waned, but its sourcing has changed, which can open up a...Read More
A recent report revealed that while 70% of organizations based in Mexico utilize cloud services, their networks are alarmingly exposed to external threats. Local companies have particularly complained that the number of cryptojacking cases has increased in the past year. Cryptojacking Rises In Mexico The so-called cryptojacking term relates to cases when an attacker gains...Read More
Narratives are important. They underline not only the credibility of a certain market, but they also shape the direction such an industry will be taking. However, narratives often have a tendency to be fudged, exaggerated, and sometimes, be false. This cannot be truer for the cryptocurrency market, a sector that has often struggled to dissociate...Read More
Bitcoin’s darknet ambitions have changed since Silk Road During its early days, before Bitcoin became “fool’s gold” for get-rich-quick investors, it was used as the main currency on the darknet. Think of the darknet as the space under your bed, dirty, desolate; barely acknowledged, never cleaned. The only time you come in contact with it...Read More
Bitcoin surged past $10,000 for the first time in over two months marking the cryptocurrency’s big-move since its halving. Since early-May 2020, amid economic strife, the cryptocurrency was locked in a tight-channel, trading between $8,800 and $9,500 with no hints of a move above or below, until today. At 0500 UTC Bitcoin began its move...Read More
Cryptocurrencies have tried to accomplish quite a lot in the last ten years. This is evident, particularly in the case of the world’s largest and oldest cryptocurrency, Bitcoin. From being positioned as a decentralized form of cash that rivals traditional fiat to being considered as a robust store of value that gives gold a run...Read More
Rich Dad, Poor Dad author Robert Kiyosaki doubled-down on his vision that Bitcoin has the same role among young people as gold has among the elderly. He also noted that BTC and precious metals “make people smarter, richer, and stronger against Fed.” Bitcoin Will Make You Smarter And Richer: Kiyosaki The author of the New...Read More
The prevailing market is a perfect training ground. While some assets are fairing very well, others are not. With the current and foreseeable economic outlook fairly weak, some macroeconomic assets are proving their worth and adhering to prevailing narratives. Gold, the age-old safe-haven and once the economic standard for the world, is certainly behaving as...Read More
With respect to public perception, cryptocurrencies still occupy a grey area. While the use-cases of cryptocurrencies like Bitcoin have been made evident over the past decade, there is still quite a bit of skepticism in the minds of individuals who aren’t entirely familiar with how cryptocurrencies operate. The asset class’s sensationalized association with bad actors...Read More
Switzerland-based digital asset service company Bitcoin Suisse has successfully raised nearly $50 million in a Series A financing round. The company plans to utilize the funds to enhance its staking services and custodial solutions before initiating an STO. Bitcoin Suisse Raises $50M As CryptoPotato reported in May, Bitcoin Suisse AG planned to hold new funding...Read More
Bitcoin trading is not for the faint of heart. Traders in the cryptocurrency market have to contend with $1,000 hourly movements, while negotiating an array of exchanges to arbitrage, many of which pump fake volumes and have individual premiums and can employ leverages in triple-digits, opening the floodgates for liquidations. Given the above backdrop, the...Read More
The cryptocurrency industry has been about creating a new world of finance, one where people are in charge of their own money. Here, Bitcoin was supposed to be the alternative to the financial system, however, in time, it has become more reliant on “crypto-banks.”In fact, according to Matthew Black, CTO at Atomic Loans, most activities...Read More
A US federal court ruled that Bitcoin is a form of “money” covered under the District of Columbia’s (D.C.) Money Transmitter Act. The conclusion is part of a criminal action involving the U.S. versus Larry Dean Harmon, who operated a Bitcoin mixing platform. U.S. Court Regards Bitcoin as Money in Charges Against Helix Operator In...Read More
