CEO of Euro Pacific Capital and chairman of SchiffGold, Peter Schiff, has once again provided critique of Bitcoin. The self-proclaimed gold bug used the opportunity presented by today’s downswing in Bitcoin price to argue his favourite yellow metal’s superiority over the digital currency. However, in his critique, Schiff seems to forget one crucial thing –…
Bitcoin and the aggregated crypto markets have been incurring major volatility as of late, with BTC surging to fresh 2019 highs yesterday before rapidly plummeting. During this volatility, most major altcoins failed to match Bitcoin’s gains on the way up, but subsequently plummeted lower when BTC failed to maintain its upwards momentum. Now, one prominent…
One of the regular financial analysts on CNBC’s “Future’s Now” segment has argued that the sharp drop in the Bitcoin (BTC) price over the last 24 hours is healthy for the market. Jim Iuorio is hoping to see prices bounce above the $10,000 mark. If Bitcoin is able to find support above the psychologically-relevant price…
The pool of government debt with negative yields pushed past the $13 trillion-level last week, after the dovish outlooks in both the US and Europe intensified concerns over the health of the economy. Around the same time, a market that is entirely independent of the impacts the central banks’ policies netted approx a 275 percent…
The calls for a Bitcoin correction have been getting stronger. Talk of altseason has also started to intensify as many expect the daddy of crypto to take a breather sooner or later. Altcoins have generally been battered during this recent digital gold rush but that could all change if BTC pulls back. Bitoin Bounces From…
The long awaited bitcoin correction could be beginning as the king of crypto drops over 10 percent from yesterday’s high. A flash crash that wiped out $2,000 in two hours was quickly recovered but those gains haven’t held as prices start to go south again. First Red Bitcoin Candle In Over a Week Pulses quickened…
During times of economic distress, the shiny chemical element, commodity, and precious metal known as gold, is often looked to by investors seeking to place capital in a safe haven “hedge” against falling fiat values, and in the face of uncertainty surrounding traditional markets such as real estate or the stock market. Bitcoin shares many…
Ever since Bitcoin broke out of the lowest bear market trading range where its yearly lows were set, the crypto asset has skyrocketed, reaching prices not seen since before the bear market began in 2018. Alongside Bitcoin price itself, the crypto asset’s dominance comparative to other assets in the crypto market – altcoins such as…
Bitcoin (BTC) parabolic, adds 41.5 percent Strong Bitcoin fundamentals rewinding last year’s losses The deteriorating global economy, prospect of central banks intervening, and the entry of whales through institutional investment could explain the parabolic rise of Bitcoin’s prices. At over $12,800, BTC is up 41.5 percent in the last week and poised to register more…
There is no stopping Bitcoin at the moment as the king of crypto keeps heading skywards. As BTC touched $13,000 today many are asking ‘am I too late to get in’. The long term answer is clearly a no, but there are still good gains to be made on Ethereum if it repeats the performance…