Eighteen years ago, on March 10, 2000, the Nasdaq Composite Index established a then-intraday peak at 5,132.52 before closing that day at 5,048.61. The day marked the beginning of what the world now calls a “dotcom bubble,” which eventually washed billions of dollars off the market, a market movement uncomparable to crypto. The financial markets in 2018…
This year the Boxing Day sales seem to have started a day early for anyone hoping to get exposure to the number one digital asset at a discounted rate. The Bitcoin price and those of other cryptos have been dropping hard since the clock struck midnight last night and this trend has continued since. At…
The controversial Canadian psychologist and right-wing thought leader Jordan Peterson has announced he will be launching an alternative to the popular content creation funding platform, Patreon. Peterson will be working with Dave Rubin and atheist intellectual Sam Harris on the project. The decision to abandon Patreon to form a new platform has been largely driven…
Key Points Bitcoin price struggled to gain pace above the $4,240 level and declined recently against the US Dollar. There was a break below a major bullish trend line with support at $4,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading below the $3,850 support and…
Anthony Pompliano, the founder of Morgan Creek’s “Digital” branch, has long been a zealot for the decentralist movement, lauding the crypto space for years on end. Case in point, each and every week, Pompliano, better known as Pomp to the crypto community, subjects his 179,000 Twitter followers to the “long Bitcoin, short the bankers” rhetoric…
As Bitcoin (BTC) collapsed in 2018, many naysayers and cynics claimed that the end was nigh for the world’s first cryptocurrency. Some critics drew attention to Bitcoin’s mining ecosystem, claiming that the hashrate drought would catapult BTC into a “death spiral,” whereas miners would flee en-masse. Others looked to stringent regulatory measures, claiming that legislature…
The crypto markets have surged to reclaim much of their recent losses, as the prophesized end-of-year rally materializes. Although the market surge is certainly welcome to investors who have been hit with seemingly constant losses over the past several weeks and months, the markets still have a long way to go before they are anywhere…
Key Points Bitcoin price traded higher and broke the $4,150 and $4,200 resistance levels against the US Dollar. There was a break above a major bearish trend line with resistance at $4,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading with a bullish bias and it…
Many analysts, including former Bitcoin (BTC) short seller Mark Dow, look at the price of cryptocurrencies to determine the health of their underlying fundamentals. However, a prominent cryptocurrency proponent has claimed that in spite of the market, 2018 was Bitcoin’s “most successful year” yet, specifically in terms of network performance. Bitcoin Segwit Usage Holds 40%…
While many poke fun at the performance of crypto in 2018, global macro markets have begun to falter. Since reaching a year-to-date high in early-September, the Nasdaq, the world’s second-largest stock exchange, has seen its index collapse by 22%. Nasdaq’s index, which houses the publicly-traded stocks of tech powerhouses, namely Alphabet (Google), Amazon, and Apple,…