Another week, another of Crypto Tidbits. Bitcoin has been absolutely slammed over the past week, shedding 20% of its value in a few days’ time. Altcoins have followed suit, posting similar, if not worse losses. Unfortunately, the news cycle reflected the drop in the Bitcoin market. While there was a smattering of positive news events —…
“The institutional herd is coming” is a phrase uttered by countless Bitcoin bulls ad nauseam. They believe that the arrival of this subset of investors will be a catalyst that drives cryptocurrencies to fresh all-time highs and catapult the technology into the mainstream. However, an industry venture capitalist has argued that the institutional narrative is…
Throughout much of 2019, Bitcoin’s store of value narrative took a back seat to a new narrative developing around looming economic recession and the asset’s scarcity making it a safe haven asset much like gold. Bitcoin has had many comparisons to the precious metal, and is considered to be its digital counterpart. But Bitcoin also…
After facing a significant amount of selling pressure over the past several days, Ethereum (ETH) has been able to post a decent bounce from its recent lows and appears to have established a notable support level around the $160 region. Despite being able to climb from its recent lows, it is important to note that…
Earlier this week, the price of Bitcoin crashed from above $10,000 to a low of just over $7,900. The abrupt drop seems to have caused an abrupt shift in the sentiment surrounding the industry. With the much-anticipated Bakkt platform’s launch coinciding with the start of the downtrend, many optimistic for the ICE-owned venture’s impact on…
After a long period of consolidation around the $10,000 level, Bitcoin’s bulls ran out of fuel and surrendered to bears, which has subsequently led BTC’s price to plummet lower as it begins cutting deeply into the gains it incurred throughout the first half of 2019. Now, analysts are noting that there is a decent chance…
The outgoing president of the European Central Bank (ECB) believes that so far crypto assets have had few implications for existing monetary policy. However, Mario Draghi believes that this could change in the future. He states in a letter to a pro-crypto MEP that efforts like Facebook’s Libra could see sufficient adoption to make them…
The momentum behind Bitcoin price turned from bullish to bearish this week, when the crypto asset fell through the bottom of a triangle it had been trading inside, plummeting over 20% in value. The force of the drop took Bitcoin price down far enough where it tested the 200-day moving average as support – a…
The world’s largest social media company has faced nothing but criticism since it announced grand plans to dominate global finance markets with its own crypto coin. Red flags were raised by governments and central banks across the planet over the threat that Libra proposes to their own sovereignty. Zuckerberg’s Crypto Woes In an interview with…
With trade talks between the US and China resuming next month all eyes are on the prospect of some kind of a deal. Not all are confident however and one industry executive still favors Bitcoin over any kind of economic recovery based on bilateral cooperation between the two powerhouses. China Won’t Back Down Founder and…