Bitcoin is about to become a hot asset as the US central bank goes ahead with its pseudo-quantitative easing program, believes a few bigwigs. Travis Kling, the chief investment officer at California-based Ikigai Asset Management, called bitcoin “an insurance policy” against Jerome Powell’s decision to resume Treasury purchases. The Federal Reserve chairman on Tuesday confirmed…
Despite a crypto ban in China, citizens are still hungry for digital assets and companies around the world are seeking ways to facilitate trading for the burgeoning population. One of the world’s largest exchanges has just confirmed new fiat on-ramps for two of China’s largest ecommerce and social media payments platforms. Buy Crypto With WeChat…
Ethereum (ETH) and the aggregated crypto markets have lost the upwards momentum that they incurred yesterday as Bitcoin failed to move past its near-term resistance level that exists around $8,400. Despite today’s slowdown in the aggregated markets, analysts are now noting that Ethereum may be forming a bullish bottom formation that could give it significantly…
Ever since Facebook announced its crypto-asset dubbed Libra, the entire market, especially Bitcoin, has come under fire by regulators and their fears over the asset class’s use in criminal activities. However, one former United States Department of Justice prosecutor turned crypto venture capitalist, says that while Bitcoin is regularly used for illegal activities, it’s not…
After incurring a noteworthy rally yesterday that sent Bitcoin’s price surging towards the mid-$8,000 region after a brief visit to $7,800, BTC’s upwards momentum has once again faltered, with the crypto once again nearing its previously established support level at $8,200. Analysts are now noting that the price level that exists directly above BTC’s current…
Bitcoin is a revolutionary new technology that has taken the world by storm, and could not only disrupt modern financial systems, but it could also go on to replace all fiat currencies and become the sole digital currency used across the globe. With so much potential, even experts have joined in on speculating over the…
Bitcoin held on to its gains on Tuesday as investors remained dubious about a positive outcome from trade talks this week. The benchmark cryptocurrency was trading at $8,220.80 as of 1320 UTC, up by 0.14 percent. It widely trended in the middle of a range defined by $8,342 and $8,150, showing no ultimate breakout intentions.…
In a rare scene today all of the altcoins are in the green and many are outperforming Bitcoin as dominance drops lower. The market share chart for the king of crypto has been showing signs of a pullback which of course is good news for the altcoins. Bitcoin Reclaims $8k But Dominance Below 69% Following…
After facing a sharp sell-off yesterday, Bitcoin was once again able to find support within the upper-$7,000 region, and its recovery back above $8,000 has triggered a notable XRP rally, which is sparking hopes that the next “altseason” is inbound. XRP’s rally today has led analysts to note that its technical strength is currently building,…
Altcoins like Ethereum, Litecoin, and XRP have struggled to recapture lost market share from Bitcoin in 2019. This has been reflected by a sharp increase in Bitcoin dominance – a metric that has increased steadily throughout the year. But as Bitcoin dominance begins to break down from recent highs, altcoins have begun to show signs…