Economic hardship, whether driven by trade wars or political divisions, usually drives investors into safe haven assets. It has been the case for gold and Bitcoin this year as currencies get crushed and recession fears loom. Britain’s Brexit woes may spell short term doom for the fintech industry but it is likely to have the…
The price of bitcoin has shot up over the last 24 hours amid global economic and geopolitical uncertainty. Bitcoin rose above $10,000 overnight, taking it back above the milestone it fell below after a mini flash crash at the end of August. Other major cryptocurrencies also experienced a price boost, including ethereum, ripple and bitcoin…
Overview Pessimistic sentiment has been looming the cryptocurrency markets as we passed the halfway mark of October. Bitcoin has been trading below the 8000 levels again and approaching the month-low levels near 7760. Although the picture may not be so bright now, however, there were some market signs perhaps could clam traders’ nerves down. Bitcoin…