Bitcoin was the first-ever cryptocurrency to be created, and the leader of the entire crypto market.So then why is the most powerful crypto company CEO so skeptical of the asset’s future?Bitcoin Tech Showing Signs of Age, Altcoin Attributes ShineBitcoin was first designed in 2008 by the mysterious, pseudonymous Satoshi Nakamoto.The disruptive, decentralized cryptocurrency was the…
Ethereum’s parabolic uptrend seen in the early part of February ultimately allowed ETH to climb to highs of $290 before it lost its momentum, with the recent turbulence seen by Bitcoin and the aggregated market leading it to plummet into the lower-$200 region.Although ETH has erased nearly all of the gains it incurred throughout the…
The aggregated crypto market has found itself caught within a firm bout of sideways trading over the past couple of days, with Bitcoin hovering around $8,800 while Ethereum (ETH) and other major altcoins have all started drifting lower.In the near-term, analysts are noting that Ethereum’s technical situation is actually quite weak, meaning that the crypto…
The incoming Governor of the Bank of England has once again said that Bitcoin buyers should be prepared to lose everything they invest. Andrew Bailey, formerly the chair of the FCA, says that the digital asset lacks “intrinsic value”.Bailey has expressed very similar sentiment previously. In fact, the last time he did was three days…
The Chainlink’s crypto token hit a new record on Wednesday even as its top rivals continued to underperform amidst a gloomy market outlook.Dubbed as LINK, the eleventh-largest cryptocurrency climbed 27 percent this week to establish an all-time high of $4.92. It performed similarly well against bitcoin, rising by more than 22 percent to 55,683 sats…
Bitcoin plunged on Tuesday, dropping by $157, to circa $8,757. But there could be profits as more traders view the benchmark cryptocurrency as safety against ultralow interest rates, according to popular market analyst Ivan Liljeqvist.The Stockholm-based blockchain influencer said the central banks are blowing the global economy unsustainably via artificial money printing and unnecessary rate cut programs.…
It has been a rocky past few weeks for the cryptocurrency markets, with Bitcoin plummeting from recent highs of $10,500 to lows of $8,400, leading most major cryptos to similarly see some intense bearishness.There is one crypto that has been able to rally in the face of this market-wide selling pressure, however, with Chainlink setting…
After a recent correction from its strong upwards trend in 2020, gold is once again moving higher. Following a significant market crash of its own, the S&P 500 has also started March with its own almost 5 percent rally.Despite the S&P 500’s gains, gold’s current rally seems stronger. The price action suggests that investors remain…
Bitcoin is at a critical inflection point, not just in its current trend or price action, but of its entire existence. With a recession potentially around the corner, Bitcoin is about to face its most challenging environment yet, and will either live up to its full potential or fade into obscurity as a non-essential luxury…
Gold has been used for centuries as a safe haven asset, a currency, and a means of exchange or trade. Bitcoin is just over ten years old but is a new age, digital version of gold offering many of the same attributes, and even some additional benefits above and beyond the precious metal.The two assets…