In brief: Evidence points towards US citizens using there $1,200 stimulus checks to buy Bitcoin (BTC). Grayscale Capital’s recent quarterly report provides a clue as to institutional interest in Bitcoin (BTC). The King of Crypto is hovering around $7,200 and looks set to start a climb up to $8,000. For the last 72 hours, Bitcoin...Read More
In brief: Stablecoin market capitalization has reached a whopping $8 Billion. This value stored in stablecoins has zapped away some market capitalization from Bitcoin (BTC). With central banks minting fiat, stablecoins are backed by currencies prone to inflation. An ideal future is where all trading is denominated in Satoshis. Recent news has highlighted that the...Read More
In brief: Gold is thriving as the Feds and other global Central Banks continually print fiat to cushion against the possibilities of a recession. The IMF has warned that the world is on track to experience its worst recession since the Great Depression of the 1920s. Bitcoin and Crypto enthusiasts have been monitoring Gold in...Read More
Quick take: Litecoin’s halving in August 2019, was uneventful with LTC’s price failing to meet the expectations of fans and traders. LTC is frequently considered as Bitcoin’s little brother. Some analysts believe that first doing technical analysis on LTC could provide insights into Bitcoin’s future. It is Easter Monday and the King of Crypto followed...Read More
In brief: Bitcoin has so far defied the Death Cross which is evident on the daily chart. The King of Crypto is currently trading at $6,350, reclaiming the important $6,000 support zone. However, the current price movement is reminiscent of 2018 and could fall further as all markets are affected by the Coronavirus. With the...Read More
In brief: Today, the US has surpassed China in confirmed cases of the Coronavirus. A total lockdown might be the only option left to curtail the spread of the disease in North America. The Stock markets might experience another dip due to technical and fundamental factors. Bitcoin (BTC) might thus be tested one more time...Read More
In brief: The US Congress finally agreed to a $2 Trillion stimulus package. Bitcoin (BTC) reacted positively to the news and traded briefly at $6,960, Binance rate. However, the $6,900 resistance area and the CME Bitcoin futures expiry this week, might delay BTC from reclaiming $7,000 and turning it into support. The two major parties...Read More
Major economic oppression and manipulation by governments and central banks is what drove a band of cypherpunks to create Bitcoin a decade ago. That financial storm is worsening which has generated an even greater need for a decentralized form of money. As ex-congressman Ron Paul points out, the FED should not exist.End The FED, Buy...Read More
With political and economic tensions escalating, investments in safe haven assets such as gold are on the rise. The commodity has often been compared to Bitcoin, but a recent outbreak of fake bars clearly illustrates the glaring differences in the two asset classes.Gold Prices Hit 2019 HighThe sentiment driving gold prices this year is showing...Read More
Retail and institutional investors alike are increasingly turning to safe-haven assets like gold and bitcoin. | Source: Shutterstock By CCN Markets: As the fear of an upcoming global recession is continuously surging, the interest in safe haven assets, like bitcoin and gold, is growing too. And now a major Australian news publication deems the two...Read More
