Most of the cryptocurrency market is retracing heavily today after a few days of gains. Bitcoin failed to conquer the $12,000 level and has now dropped by $800. Large-cap altcoins follow suit, and the market loses about $20 billion. Bitcoin Drops By $800 The primary cryptocurrency attempted another break above the coveted $12,000 price tag...Read More
In May 2020, Paul Tudor Jones, the billionaire hedge fund manager called Bitcoin the ‘fastest horse,’ but it is also important to look at the rest of the field. If Bitcoin is the fastest horse, where does the S&P500, and gold lie in the race, and how long has the cryptocurrency been the fastest? The...Read More
Since it was created, Bitcoin’s aim has always been to prove traditional finance wrong. Now, it seems like this aim is being fulfilled. With every passing day, Bitcoin’s price is either holding firm, surging ahead, or surviving a fallout. Its price performance over the past 3 months is a testament to the same, and this...Read More
Discussions involving Gold and Bitcoin in the same sentence are never far from making the headlines. Both the non-yielding assets have made significant strides in 2020 as the traditional stock market lost a bit of its credibility. With Bitcoin nearing $12,000 at the time of writing, Skew analysis suggested another ground-breaking development between the two...Read More
Bitcoin continued heading upwards, but it couldn’t challenge the $12,000 line. Bitcoin Cash’s 10% increase is among the most impressive from the larger-cap alts, while some lower-cap altcoins have been surging by double-digits. Bitcoin Aims At $12,000 Bitcoin was steadily progressing towards $12,000 in the past 24 hours. After yesterday’s low of $11,580, bulls took...Read More
Over the year so far, Bitcoin has demonstrated interesting correlations with legacy markets. During the crash, largely-induced by the spread of the novel coronavirus and for a period after that, the cryptocurrency was trading in line with the stock market. Now, however, it appears that Bitcoin is largely perceived as a safe haven as it...Read More
Bitcoin has recovered some of its dominance over the market in the past 24 hours after breaking above $11,600. At the same time, large-cap altcoins have calmed and even taken a hit, but fluctuations are evident among lower-cap alts. Bitcoin Moves Ahead As CryptoPotato reported a few days ago, Bitcoin’s price chart was forming a...Read More
The financial crisis prompted by the COVID-19 pandemic has highlighted the various investment approaches initiated across different age groups. According to a new JPMorgan analysis, elderly generations have turned to more traditional assets such as gold and bonds, while younger people have gone for Bitcoin. Old For Gold, Young For Crypto Bloomberg cited the latest...Read More
During yesterday’s trading session, gold’s futures contracts and shortly after the spot price broke above the coveted $2,000 level for the first time. In the cryptocurrency market, Bitcoin remains relatively calm, while some altcoins are fluctuating with another all-time high charted by Chainlink. Cryptocurrency Price Movements After yesterday’s unsuccessful attempt to overcome the $11,500 resistance,...Read More
Fidelity Digital Assets, the subsidiary of the large American investment company Fidelity Investments, has published a report on Bitcoin highlighting that its benefits have helped BTC to become an “aspirational store of value” for investors. Bitcoin’s Store Of Value Functions Launched in October 2018, Fidelity Digital Assets has become a significant player offering cryptocurrency services...Read More
After several days of gains, Bitcoin has stalled a bit around the $11,000 mark. Simultaneously, most large-cap altcoins have managed to increase their value against both the US dollar and BTC. Bitcoin At $11,000 The past several days were nothing short than impressive for the primary cryptocurrency. Its $2,000 price surge came somewhat surprisingly for...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
It’s safe to say that Bitcoin’s dull days are behind the asset as it continued its bullish run to reach $11,000. Despite gaining against the dollar, most altcoins are trailing compared to Bitcoin, questioning the state of the altseason. Bitcoin Goes Into Uncharted 2020 Territory After finally breaking above $10,000, the question remained if BTC...Read More
Bitcoin started gaining momentum yesterday and saw its price increase above the coveted $10,000 mark. At the same time, gold continued its recent surge by marking a fresh all-time high. Some altcoins retraced heavily in the past 24 hours, helping Bitcoin’s dominance reclaim some lost ground. Bitcoin Stands Above $10k After weeks of trading within...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 total market capitalization has lost about 4 billion of its value in the past few hours, and the question is if this is simply a correction or a trend reversal. At the same time, the precious metal market continues to soar with record gains, particularly silver. Crypto Market Retraces By $4B Volatility returned to...Read More
The well-known economist and gold proponent, Peter Schiff, commented on the recent increase in the price of silver, saying that the metal has essentially become “the new Bitcoin.” The latter, on the other hand, has been particularly stable. Yesterday, the price gained just shy of two percent, which was the most action Bitcoin saw in...Read More
After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts. Bitcoin Is Alive The last time the primary cryptocurrency stood above $9,300 for more than...Read More
Although the altcoin market remains highly volatile, most price movements in the past 24 hours have been sharp retraces with a few exceptions. Bitcoin, on the other hand, remains stable and hasn’t left its familiar trading territory of about $9,150-$9,200. In the traditional financial markets, the three largest US indexes are in the green as...Read More
Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic. With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin. Lebanon: How...Read More
Galaxy Digital CEO Mike Novogratz believes that Bitcoin will outperform gold in the upcoming months. However, he advised people to allocate more funds into the precious metal instead of the primary cryptocurrency because of the high fluctuations in its price. Buy More Gold Than BTC, Says Novogratz The former Wall Street hedge fund manager Novogratz...Read More
A recent poll by the popular gold proponent Peter Schiff indicated that most of his followers believe that the price of the bullion will never surpass Bitcoin’s. One BTC > Ounce Of Gold Peter Schiff is a prominent US economist and a famous gold-bug. However, he is also a well-known Bitcoin basher and rarely misses...Read More
Following an increase of 42% during Q2 2020, Bitcoin’s closing price of $9,140 was the third-highest position the asset has seen at the end of a quarter, trailing only to Q2 2019 and Q4 2017. On a yearly scale, BTC is also outperforming the S&P 500, WTI, gold, and the US dollar. Bitcoin Goes Up...Read More
If you thought that the city of Wuhan was done for 2020, well, think again. Reports have it that at least some of 83 tons of gold bars, used as collateral for loans, turned out to be gilded copper. For more than five years, Wuhan Kingold Jewelry has been getting gold-collateralized loans worth over 20...Read More
Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately. BTC Between $6k And 10K The price of the primary cryptocurrency has...Read More
Gold’s price reached an 8-year high this week, and a Goldman Sachs projection sees the precious metal to continue rising in the next twelve months to $2,000 per troy ounce. At the same time, famous gold-bug Peter Schiff believes its price could reach a new all-time high even before the end of the year, especially...Read More
While Bitcoin encountered lots of turbulence in the past three years, people’s perception regarding the primary cryptocurrency has improved significantly, a recent study revealed. By comparing data from 2017 and April 2020, it concluded that more people are ready to trust it over traditional financial institutions and assets, especially after the COVID-19 pandemic. 2017 Vs....Read More
Yesterday was a painful day for both cryptocurrency and stock investors as the prices tumbled in a similar manner. As CryptoPotato reported, the Dow Jones, S&P 500, and Nasdaq 100 lost sizeable chunks of their value of around 5%, and so did Bitcoin. This invalidated the narrative for the decoupling of crypto from traditional stock...Read More
When looking for financial assets that may appreciate in value over time, many different options can be explored. If Bloomberg analysts are to be believed, all one needs is Bitcoin and gold to make a steady profit. Most of the financial markets had their key weaknesses exposed in recent months. All You Need is Bitcoin...Read More
Bitcoin is on course to reach and possibly break its all-time high level of $20,000 by the end of the year, says Bloomberg’s latest report. It adds that BTC has matured as an asset in the past several months, which is supported by the increasing number of similarities with gold and its performance during the...Read More
