The multi-year bear market Bitcoin has been caught within in the time following its decline from highs of nearly $20,000 has shown few signs of ending anytime soon, as BTC has struggled to gain any solid footing within the five-figure price region.It is important to note that on-chain data shows that using Bitcoin’s all-time highs…
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…
On December 17, 2017, Bitcoin price set a record for its all-time high, touching just under $20,000 before a reversal into a bear market took place.Since then, over 900 days have passed and with each new day, Bitcoin inches closer to setting a new record. According to past data, there may be another year or…
Bitcoin expects to extend its recovery rally towards $9,800 as the U.S. futures grows further.Both Bitcoin and the U.S. stocks have fallen and risen in tandem since the beginning of this week.Expectations of a strong retail sales report could push equities higher, assisting Bitcoin in logging similar upside moves towards $9,800.Bitcoin rallied Tuesday in sync…
The growth of stablecoins in 2020 has been unlike anything seen before. Each week, more and more of the fiat-backed crypto assets are printed, nearly as fast and as often as the Federal Reserve is printing new cash.After the latest boost, the total stablecoin market cap has achieved a milestone of $10 billion. But what’s…
Bitcoin extended its bearish correction at the start of this week, falling briefly below $9,000 for the first time in three weeks.While cryptocurrency reclaimed the said support level, fears of new sell-off rounds are looming over its market.Meanwhile, a separate fractal is also suggesting that Bitcoin would retest $6,000 in the medium-term.Bitcoin may fall to…
Bitcoin, gold, and global stocks fell in sync after a jump in virus cases moved investors to the safety of cash.The sentiment helped the U.S. dollar index recover its losses by another 0.11 percent, bringing its total upside rebound to 1.43 percent.Sebastien Galy, a strategist at Nordea Asset Management, noted the recent pullbacks would do…
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…
Bitcoin price has been trading sideways for nearly 50 days at the height of its Black Thursday recovery rally. Volatility has dropped to some of the lowest levels ever in the emerging asset class as a result.However, an unusual event is about to take place that in the past has been associated with some of…
Bitcoin could be at risk of seeing major downside in the near-term as it continues ranging sideways.Its recent price action has made it abundantly clear that the cryptocurrency’s buyers are fundamentally weak at the moment. Despite being able to support BTC within the $9,000 region, it still appears to be well-poised to see further downside.There…