Bitcoin may see a major boost in demand following Brazil’s Central Bank blocking payments from the WhatsApp messenger app in the country.Brazil is the app’s second-largest market, leaving a massive hole that could soon be filled by cryptocurrencies.Central Bank Of Brazil Suspends Facebook’s WhatsApp Payment FeatureIn a move to “preserve an adequate competitive environment,” the…
The correlation between Bitcoin and the S&P 500 has proven to be dangerous for the first-ever cryptocurrency. It even helped to drag down the asset during the Black Thursday collapse.The crypto asset’s new bull market on the horizon. Yet the correlation with the stock market is once again nearing all-time high levels and at risk…
You can’t teach an old dog new tricks, but apparently, listing an older cryptocurrency on a new exchange can bring back memories of the cryptocurrency bull market that once was.An altcoin being listed on Binance has resulted in nearly a 100% intraday pump – something that hasn’t been seen since crypto prices and exuberance peaked…
A bearish chart formation has appeared on Bitcoin dominance that could lead to another leg down and rebound in altcoin/BTC pairs. However, the 58% level could remain a barrier, keeping a full-blown altcoin season from occurring for quite some time longer.Bitcoin Dominance Forms Bear Flag, Hanging By A Thread On Channel SupportBTC dominance is a…
Bitcoin has been the best performing asset in finance history, rising over a million percent from its early days to current prices. It may come as no surprise then that the first-ever cryptocurrency is currently leading a public poll where respondents believe it’ll also be the “best performing asset of 2020.”Is 2020 The Year The…
Jobless claims in the United States performing worse than initial forecasts expected has caused the Dow and other stock indices to slide pre-market. With Bitcoin‘s uptrend hanging by a thread, how will the first-ever cryptocurrency respond to the negative news and falling equities market?Jobless Claims Worst Than Forecasted Sends Dow Plunging Pre-MarketWhen the pandemic first…
After a strong rise over the last several months, momentum in Bitcoin has been waning, prompting one analyst that has thus far been long BTCUSD, to flip neutral.A break in sideways price action and a return to volatility is expected soon, but which way will the first-ever cryptocurrency head next?Hedge Fund Manager Prepares to Short…
Bitcoin price just broke out from the tight trading range its been trading it for days between $9600 and $9800, and moments later found itself tapping resistance at $10,000 once again.The spike was quickly rejected, but Bitcoin appears to be consolidating and ready for another attempt to breakthrough. Will the rejection force prices lower or…
A new Bitcoin scam has emerged on YouTube, using the name of Elon Musk and his company SpaceX. The video is a live stream of a legitimate SpaceX event with Bitcoin addresses superimposed on the video asking viewers to send Bitcoin in order to join a “live conference.”Another Elon Musk Bitcoin Scam Attracts 33,000 viewersViewers…
Binance Pool has become the 11th largest Bitcoin mining pool in the world, according to data from BTC.com. The exchange’s CEO Changpeng Zhao shared the news earlier today, using older data that showed Binance Pool ranked 8th with 4.23% of the total hashrate. Binance Pool Sees Slow and Steady Growth in HashrateBinance, one of the largest…