Tether (USDT) has seen massive inflows of capital throughout 2020, with much of this coming about not as a result of turbulence within the crypto market, but rather due to that seen in the traditional markets.Investors in countries where access to “safe haven” fiat currencies like the US Dollar is limited have widely begun purchasing…
A new forecast from a chief Morgan Stanley executive claims the dollar is due for a severe crash that could benefit Bitcoin in a major way.What’s fueling this “inevitable” dollar collapse, and why does it make for a perfect storm for the first-ever cryptocurrency?Morgan Stanley Asia Chairman: The Dollar Is Inevitably Doomed For 35% CrashMorgan…
In the wake of the Bitcoin halving, the hash rate of the network dropped dramatically.Due to an effective 50% decrease in profitability, around 30% of the machines mining BTC went offline from peak to the bottom of the trough, slowing transactions down and causing an increase in transaction fees.But as blockchain data firm Coin Metrics…
UBS analysts expect Asia to be the only region that sees positive growth this year, and the return to strong earnings in the region could spark a renewed appetite for risk, and potentially, Bitcoin.UBS Analysts Expect Positive Growth in Asia, May Boost Bitcoin Buying in the RegionThe global economy is crumbling, and although markets are…
Last year, one of the biggest narratives in the Bitcoin market was that tensions between China and the U.S. — which culminated in a massive trade war — was pushing cryptocurrencies higher.Whenever President Donald Trump tweeted about U.S. relations with China, BTC responded, both rising and falling with the geopolitical trends. Once, when Trump announced…
Another week, another round of Crypto Tidbits. Bitcoin has seen quite the tumultuous week.After rallying towards $10,000 at the start of the week on the back of post-halving buying, seemingly caused by both retail and institutional players, Bitcoin plunged to $8,800 over the course of two days. Altcoins posted similar losses, with some underperforming the market…
New data based on the delta between Chinese buyers and derivatives markets in Bitcoin markets suggests that much of the recent rally has been driven by crypto investors in China.But why are Chinese buyers dominating Bitcoin interest, and what is sparking the unusual phenomenon?Indicator Shows Chinese Buyers Are Dominating DerivativesBitcoin price may be falling currently,…
Popular crypto exchange Binance is planning to enter the Chinese market with the launch of its new China website. This comes after Binance was forced to leave China following strict regulations that shut down all domestic cryptocurrency exchanges in September 2017.Since then, mixed messages have been coming from Beijing. While financial institutions are not permitted…
While trading Chinese yuan through Bitcoin may technically be banned in China, that hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency.This much was made clear on Sunday when Samson Mow, CSO of Blockstream, noted that according to data from Weibo (‘Chinese Twitter’), Bitcoin was a trending topic. This is the third…
Another week, another round of Crypto Tidbits. After falling as low as $6,500 this week, Bitcoin mounted a strong comeback over the past two days, rallying as high as $7,200 as bulls have taken over. Other cryptocurrencies have registered even more impressive gains.This renewed strength comes as the stock market has continued to rally higher and…