As the entire world braces for a potential economic crash in the face of looming trade wars, inflated fiat currencies, and booming debt, Bitcoin is showing signs that it is living up to its expectation that it could become an economic hedge due to its scarcity and deflationary design. It’s even showing a direct correlation…
Bitcoin, whose price fell close to the $9,500 level last week, has dramatically switched its interim bias upside down. The world’s leading cryptocurrency on Monday soared to a session high of $12,829.96, adding over 32 percent to its month-to-date low on San Francisco-based Coinbase exchange. The upside price action further brought bitcoin closer to its 2019…
Bitcoin has been called many things over its 10-year lifespan. A tool for tax evaders and drug dealers, check. The world’s next safe haven, sure. But most notably, the cryptocurrency has been labeled a “Ponzi scheme” by its thousands, maybe millions of skeptics. Related Reading: Investor: Bitcoin is the Best Performing Asset, Path to $100,000…
While Bitcoin price continues to struggle to reclaim the recent high of $13,800 where it was stopped abruptly following a multi-month parabolic run, analysts are already setting price targets well above the previous all-time high. In fact, Morgan Creek Capital Management’s Mark Yusko believes that Bitcoin could reclaim the past all-time high and hit $30,000…
On July 14, 2019, Binance will turn two years old. The story of the young crypto exchange’s rise to stardom since its inception has been nothing short of inspirational, seconded to only maybe Bitcoin’s meteoric rise in terms of sheer dominance of the industry itself. In both such a short period of time and in…
Bloody Monday? I think not. In the past hour, Bitcoin (BTC) has spiked, gaining almost 3% within a few minutes’ time. As of the time of writing this, the cryptocurrency sits at $11,900, the highest the asset has traded at in a number of days. Related Reading: New ECB Boss is “Extremely” Pro-Crypto; What Could…
Holding, selling, and purchasing of bitcoin are illegal in Iran, an official with the central bank told Tasnim News. Deputy governor for new technologies, Mr. Nasser Hakimi, said on Monday that the Supreme Council on Countering Money Laundering had banned bitcoin trading. He warned Iranian cryptocurrency users of legal risks of investing in non-sovereign assets,…
Investors and proponents of Bitcoin and the aggregated crypto markets have long believed that the ultimate pinnacle of adoption would be found when governments and central banks began growing friendly towards the nascent technologies. Now, the nominee who is replacing the outgoing European Central Bank (ECB) head is pro-crypto herself and has shown tremendous interest…
For a while now, Anthony Pompliano has been a leading champion of Bitcoin (BTC). Best known as “Pomp”, the Facebook staffer-turned-crypto investor and media tycoon has garnered over 100,000 followers on Twitter while lauding BTC. Case in point, his catchy quips, “Long Bitcoin, Short the Bankers” and “Bitcoin is never down”, have become industry favorites,…
Bitcoin (BTC) has been caught in what can be accurately defined as a period of consolidation as of late and has been hovering around the lower-$11,000 region for the past several days, make fairly restrained price movements within a relatively tight trading range. Now, one highly respected analyst is claiming that Bitcoin could either face…