The Bitcoin price has seen a crazy past 36 to 48 hours. After tumbling to as low as $7,300 in the middle of this week for seemingly no reason, BTC shot higher on Friday and Saturday, blowing the socks of traders the industry over. In fact, $400 million worth of BitMEX long and short positions…
Over the past few months, Bitcoin (BTC) has been lauded by economists, investors, and commentators as an up-and-coming “safe haven” asset. However, it seems that the cryptocurrency is still at least macro and tangentially correlated with traditional equities. In fact, on the day that U.S. stock indices, namely the S&P 500, approached and effectively tapped its…
Bitcoin (BTC) has seen an absolute whirlwind 24 hours. Over the course of a single day’s time, $400 million worth of BitMEX positions were liquidated, Bakkt volume surged to fresh all-time highs, blockchain became a topic of discussion for Chinese President Xi Jinping, amongst other crazy events that managed to fall into the time span…
Just when crypto markets were in danger of falling below the crucial $200 billion market capitalization level a massive surge injected over $50 billion back in. The Bitcoin led rally is one of the largest in recent history and nearly all altcoins are enjoying big double digit gains today. Crypto Markets Surge 25% Bitcoin literally…
For now, Bitcoin (BTC) bulls seem to have decimated the bears. As of the time of writing this article, the leading cryptocurrency is at $9,800 — up over $2,500, some 38%, in the past 36 hours. This is around $800 short of the daily high of $10,600. This rally has gotten so out of hand…
Wow. Bitcoin (BTC) has continued to rip higher after the daily close on Friday. As of the time of writing this article, the leading cryptocurrency is trading for $9,200 — up nearly $2,000 since the weekly low at $7,350 established yesterday. This represents a 25% move in just around 36 hours. Crazy, right? This is…
Bitcoin (BTC) has been caught in the throes of a persisting bear market over the past several weeks and months, and it has failed to garner much significant upwards momentum throughout the course of its recent downtrend. It is important to note that a few fundamental factors are painting a very bullish picture for Bitcoin…
Seemingly in response to news that China has officially endorsed blockchain development, Bitcoin (BTC) surged on Friday, liquidating $150 million worth of BitMEX shorts in the process. Ouch. At its daily peak, the cryptocurrency’s price hit $8,800 — the highest it had been in over three weeks. As of the time of writing this article,…
The crypto market is a volatile market, and the emerging class of digital assets can both make millionaires overnight and completely wipe out one’s wealth in days. It’s also a wild west environment, rife with scammers, hackers, and more at every turn. A recent SIM-card hack resulting in a substantial amount of crypto being stolen,…
Jack Dorsey has said “hell no” to the thought of Twitter joining the Libra Association. He also said that he didn’t understand why the project needed its only crypto asset-like currency to deliver on its stated goals. Dorsey said he much preferred decentralised crypto assets. He added that he thought Bitcoin was well on its…