Since Bitcoin (BTC) was birthed in the wake of 2008’s Great Recession, the macroeconomy has changed dramatically. Following the brutal collapse of the stock market and the housing bubble, which resulted in mass unemployment and bankruptcy, central banks commenced “easing strategies”. By keeping Federal Fund and interest rates lows and participating in Open Market Operations…
The crypto market is at a critical junction. Altcoins such as Litecoin, Ethereum, and Ripple have been capitulating, then bouncing as Bitcoin begins to struggle with its return to a bull market. Since this began, the crypto market has also been impacted by pending regulation and Facebook’s entry into the space. But before the bearish…
Bitcoin’s recent bout of downwards pressure has now sent its price decisively below $10,000, which appears to have marked the end of the long period of bullish momentum that BTC has experienced over the past several weeks. Importantly, the recent drop has been leading many analysts to believe that the cryptocurrency has violated the parabolic…
All eyes are on Bitcoin, Facebook’s Libra, and the entire cryptocurrency market this week, following a tweet from the United States President Donald Trump, a Senate hearing on Libra, and an abundance of financial industry chatter as the crypto market takes its first steps towards serious regulation and legitimacy. But before it happens, Bitcoin still…
Bitcoin has suffered significant losses after dropping by thousands of dollars to take its value below the $9,500 level. Market analysts believe that the criticism of Facebook’s cryptocurrency Libra by the US senators has unsettled investors. The sentiment, therefore, could push the bitcoin price further lower. Nevertheless, the cryptocurrency would not go anywhere near its…
Investors in the United States are beginning to see bitcoin as a store of value, says former Uber executive Dan Held. The Interchange co-founder and director of business development credited Facebook for upping the status of cryptocurrencies. He said in an interview to BlockTV that the social media giant’s foray into the cryptocurrency industry with…
Today, the United States Senate Committee on Banking, Housing, and Urban Affairs held an open session to conduct a hearing on Facebook’s Libra – a hot button topic across the crypto industry and financial space currently. Recently, Libra has sparked an interest in not only just Facebook’s first foray into digital but it’s also caused…
Bitcoin (BTC) is down 14.8 percent Steven Mnuchin is calling for cryptocurrency oversight and compliance Eventual regulation of cryptocurrencies in the US, following Steven Mnuchin presser, could have far-reaching consequences on Bitcoin and cryptocurrencies. In the meantime, BTC is on edge and may slide to $9,500. Bitcoin Price Analysis Fundamentals From launch, Bitcoin is considered…
Dash slides 28.2 percent Bitcoin is flawed as a medium of exchange Ryan Taylor, the CEO of Dash, opines that Bitcoin is flawed as a payment solution. As a result, Dash is solving BTC’s shortcomings. However, that is not enough to tame bears. Dash is down 28.2 percent in the last week. Dash Price Analysis…
Bitcoin has made a bit of a recovery today in the wake of comments by US Treasury Secretary Steve Mnuchin. The 8 percent pump has left altcoins in the digital dust again as BTC market share knocks on the door of 70 percent. Bitcoin Briefly Back at $11,000 This time yesterday Bitcoin was trading very…