Bitcoin, the world’s number one cryptocurrency by market capitalisation, has been championed by many as a suitable hedge against the often-reckless and self-serving economic policies of governments. This includes episodes of currency devaluation caused by the very threat of such policies. Such is happening right now in Argentina. Today, the national currency, the peso, has…
The third-largest bank in Denmark, Jyske Bank, now offers a 10 year fixed rate mortgages at -0.5%. This means customers will pay back less than the amount borrowed. Mortgage fees are still payable, likely negating any benefit to borrowers, but some see this unprecedented move as indicative of a troubled economy. Economy In Crisis Indeed,…
After spending the best part of the past week consolidating, Bitcoin took a turn south over the weekend. On the bright side, the king of crypto registered its highest weekly close for over a year. Will it lead to further gains? Highest Weekly Candle for 18 Months Today’s Asian trading session has been the complete…
Bitcoin price is currently under pressure below the $11,600 resistance against the US Dollar. The price could slide sharply if there is a break below the $11,200 support area. There is a major bearish trend line forming with resistance near $11,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price…
Litecoin has been facing a significant amount of fear, uncertainty, and doubt, following its recent halving event, which ultimately had little impact on its price action and has sparked some controversy surrounding whether or not LTC has any code commits in 2019 on GitHub. Now, Litecoin founder Charlie Lee is attempting to clear the air…
Bitcoin (BTC) has been absolutely smoking other asset classes since it bottomed in December 2018. The cryptocurrency market’s strong outperformance of equities comes as a time whe n the geopolitical and macroeconomic climate is extremely tumultuous, boding well for Bitcoin’s status as a store of value. Related Reading: Crypto Tidbits: Bitcoin Mining by Blockstream, Ripple…
Bitcoin price action has turned bullish in anticipation of its upcoming halving since the start of 2019, and the leading crypto asset by market cap has only recently started to take a pause to consolidate on weekly price charts. Weekly resistance at $11,500 continues to play an important price level to beat, while bears have…
Bitcoin has been incurring increased levels of volatility as of late, which may be partially due to the newly formed inverse correlation between BTC and altcoins. As of late, most major altcoins have been facing strong selling pressure due to Bitcoin’s recent rally, but they appear to get some relief each time it drops. Importantly,…
After a decent rise, bitcoin price topped near the $12,325 level against the US Dollar. The price is currently correcting lower below $11,500, with a bearish angle. There was a break below a crucial contracting triangle with support near $11,750 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is…
For a while now, a debate has been raging between Bitcoin (BTC) bulls and gold investors. The former group argues that the cryptocurrency is a proper alternative to the precious metal; the latter actively rebut this sentiment, claiming that BTC has no inherent value, unlike gold. Related Reading: Global System to Combat Crypto-Driven Money Laundering…