The emerging asset class of cryptocurrency is new, unproven, not yet widely adopted, or even understood. It’s led to much confusion for investors especially when it comes to regulation and tax preparation.However, a new cryptocurrency-focused bull currently in front of Congress will “fundamentally restructure the way the United States treats cryptocurrency,” by grouping assets into…
Bitcoin (BTC) and the aggregated cryptocurrency markets have been trading sideways over the past day, with bulls’ attempt earlier today to recapture $8,000 proving to be fleeting due to an abundance of selling pressure within this price region.It now appears that big traders are anticipating Bitcoin to make a massive movement in the days ahead,…
The third Bitcoin halving cycle is rapidly coming to a close. The multi-billion-dollar question on the lips of many investors is whether price performances following past events will repeat.According to Google Trends, it looks like US interest in the event is actually waning with just weeks to go. Could this be a sign that perhaps…
Bitcoin (BTC) has been able to post a notable rebound today that has allowed it to recoup some of its recent losses, with bulls stepping up and propelling the cryptocurrency back into the $8,000 region following its recent dip to lows of $7,700.This has led the aggregated cryptocurrency market to post some decent gains, with…
A niche Bitcoin-only hardware wallet company has reported surging sales of late. CoinKite, the creator of the ColdCard wallet, just apparently had its best week of sales ever.The CEO of the company claims that the bumper sales are the result of organic interest in the product it offers, rather than any form of marketing campaign.…
Bitcoin (BTC) and the aggregated cryptocurrency market have been moving in tandem with the global markets throughout the past couple of weeks, which has made the nascent asset class subjected to significant selling pressure.This close correlation has led many analysts and investors to deem the cryptocurrency’s classification as a safe-haven asset as nullified.In spite of…
The crypto market has been caught within an intense bout of volatility over the past several days and weeks, which has been led by Bitcoin’s capitulatory decline from recent highs of $10,500 to lows of $7,700 that were set today.This intense downtrend has led Bitcoin to a critical macro support level that could provide investors…
The Human Rights Foundation has just announced that it will be accepting Bitcoin donations via BTC Pay Server. Unlike other payment processing services, BTC Pay Server is an entirely open source project than can’t censor transactions.Previously, Bitcoin payment processing companies have been the subject of controversy. With a middleman facilitating transactions, using Bitcoin with such…
The global markets have entered a full-fledged meltdown, with the major US stock indices all collapsing as Bitcoin (BTC) enters a firm downtrend that has so far led it to plummet into the $7,000 region.This global bearishness comes close on the heels of a bullish start to 2020, but the rapid spread of the lethal…
Bitcoin has long been referred to as digital gold, due to the crypto asset sharing many attributes as the precious metal that’s often used as a safe haven during economic distress.But with a recession looming, and fears mounting by the day amidst a global pandemic and stock market selloff, that digital gold narrative should be…