Bitcoin plunged on Tuesday, dropping by $157, to circa $8,757. But there could be profits as more traders view the benchmark cryptocurrency as safety against ultralow interest rates, according to popular market analyst Ivan Liljeqvist.The Stockholm-based blockchain influencer said the central banks are blowing the global economy unsustainably via artificial money printing and unnecessary rate cut programs.…
India’s Supreme Court just struck down a central bank directive that effectively banned Bitcoin and other cryptocurrencies in India, Bloomberg has reported just minutes ago as of the time of this article’s writing.The price of BTC and other cryptocurrencies have been seemingly unaffected by this decision, with prices remaining effectively stagnant in the past 24…
Bitcoin is trading in a positive zone against the US Dollar, especially after the fed interest rate cut . BTC price is likely to continue higher above the $8,900 and $9,000 resistance levels in the near term.Bitcoin is likely to gain traction after the recent breakout attempt against the US Dollar.The price is trading nicely…
It has been a rocky past few weeks for the cryptocurrency markets, with Bitcoin plummeting from recent highs of $10,500 to lows of $8,400, leading most major cryptos to similarly see some intense bearishness.There is one crypto that has been able to rally in the face of this market-wide selling pressure, however, with Chainlink setting…
After a recent correction from its strong upwards trend in 2020, gold is once again moving higher. Following a significant market crash of its own, the S&P 500 has also started March with its own almost 5 percent rally.Despite the S&P 500’s gains, gold’s current rally seems stronger. The price action suggests that investors remain…
Bitcoin is at a critical inflection point, not just in its current trend or price action, but of its entire existence. With a recession potentially around the corner, Bitcoin is about to face its most challenging environment yet, and will either live up to its full potential or fade into obscurity as a non-essential luxury…
Gold has been used for centuries as a safe haven asset, a currency, and a means of exchange or trade. Bitcoin is just over ten years old but is a new age, digital version of gold offering many of the same attributes, and even some additional benefits above and beyond the precious metal.The two assets…
Despite sporting a market cap of over $100 billion, Bitcoin is only 11 years old, having launched in 2009. This means that while the cryptocurrency has been through a lot, it has not yet been through a full-fledged financial recession.Related Reading: Altered Carbon: Bitcoin & Top Crypto Assets Just Made A Brief AppearanceThis has left…
Bitcoin is correcting losses from the $8,400 region against the US Dollar. It seems like BTC price is likely to extend its recovery above the $9,000 in the coming sessions.Bitcoin is up more than 2% and it recovered above the $8,800 resistance against the US Dollar.The price is now testing the last swing high and…
Last week was rough for investors across virtually all major markets, with the Dow Jones and other benchmark stock indices plummeting in tandem with traditionally uncorrelated assets like Bitcoin, gold, and oil – with investors fleeing risk-on assets due to fears regarding the rapid spread of the deadly Coronavirus.The markets have been able to snap…