Tether’s USDT money printer is up and running again, and it could be a sign of what’s to come next for Bitcoin and the aggregated cryptocurrency market.It now appears that Tether has issued a whopping $161 million worth of USDT over the past 24-hours, putting the total number of new USDT issued over the past…
Ethereum and the entire crypto market has continued trading sideways today despite the decline seen in the U.S. stock market, with Bitcoin showing some signs of breaking its correlation with the traditional markets.Analysts are now noting that the strong support Ethereum has established within the lower-$100 region may just be enough to send it higher…
Last week, the cryptocurrency market collapsed alongside the stock market and the rest of the world of finance.After the fallout, cryptocurrency exchanges have been left a ghost town, according to data extracted from order books of top trading platforms.Cryptocurrency Exchange Order Books Empty, Market is a Ghost TownBitcoin and the rest of the cryptocurrency market…
With Bitcoin and other financial markets, a certain seasonality and cyclicality exists. Some chalk this up to coincidence, while others seek to try and capitalize on any opportunity to predict recurrence.With Spring just around the corner, typically an event signifying new growth and a return to light, could it be the seasonality change that the…
After breaking beneath the support that had been established at $5,000 yesterday, Bitcoin bulls have now been able to propel the cryptocurrency past a key support region, leading it to once again find itself caught within a bout of sideways trading around $5,200.Although both bulls and bears appear to have reached an impasse, it now…
Bitcoin has risen today in tandem with the traditional markets, finding what appears to be a secure foothold within the lower-$5,000 region. This has allowed the benchmark crypto to begin confirming its recent lows as a mid-term bottom, but it still remains unclear as to where it will trend next.One prominent analyst is now noting…
Bitcoin is in big trouble after a historic selloff, and the world may be facing its gravest situation yet in the face of a global pandemic and recession.With Bitcoin designed to withstand a recession and having certain attributes that make it immune to the current challenges, the world is facing, will the first-ever cryptocurrency’s true…
It has been a crazy week for Ethereum and most other major altcoins, with the cryptocurrency seeing an intense selloff last week that led it to plummet all the way down to its previous bear-market lows before it was able to find any significant support.Although ETH has since recovered from these lows, it still remains…
For most of Bitcoin’s life, it’s been a pitched as an asset uncorrelated from the stock market and other traditional equities. It’s been a strong selling point for institutional investors seeking to add variety or even derisk their portfolios.However, as of late, the first-ever cryptocurrency has been exhibiting a minute-by-minute correlation with the stock market,…
Bitcoin traded higher on Tuesday following a severe sell-off that saw its prices plunge by circa $900 at the start of this week.The benchmark cryptocurrency jumped to intraday high of $5,466 from its weekly low, up 23.34 percent as traders hunted for short-term profits. The move upside quickly followed a weak pullback into the European…