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…
Bitcoin (BTC) may be a non-sovereign crypto asset, but its future was recently cemented with a single tweet from a world leader. On Wednesday morning, Donald Trump, the incumbent President of the United States, issued an impassioned message on his favorite social media platform. Related Reading: Circle CEO: Crypto “Mega Trend” is Here to Stay,…
Stimulus money pouring into assets like stocks, gold, and cryptocurrencies are having a dramatic impact on valuations. But as well as Bitcoin and precious metals are performing, it is Ethereum that has brought the largest return on investment since stimulus checks were issued. Exactly how much would $1,200 invested in Ethereum have earned savvy investors,…
While Bitcoin is an asset independent of central banks, of banks, and of Wall Street, the cryptocurrency’s strength and underlying value proposition have become increasingly dependent on events in the traditional financial world as this fledgling industry has grown.Related Reading: Bitcoin Fixes This: Top Bank Chief Says Monetary Policy is FailingOne such pro-Bitcoin event, or…
Bitcoin has continued to strengthen over the past few hours, rallying as high as $6,850 on Tuesday morning and now trading at $6,790 as of the time of this article’s writing. According to data from TradingView, the cryptocurrency has gained 4% since the trading session started, marking yet another day of gains.BTC remains below the…
Both the crypto market and the stock market have recovered strongly since the March lows, but capital markets remain tight. So tight that to save individuals and corporations across weight classes, so to say, the Federal Reserve has stepped in with trillions of dollars worth of stimulus.It’s a trend that analysts say is beneficial for…
While Bitcoin has embarked on a steep recovery since the $3,700 lows seen in March, some have still been questioning the value of cryptocurrency. Case in point: a hedge fund manager named Mark Dow recently shared that he thinks the cryptocurrency is on the “edge of a cliff,” adding:“I’ve been saying…that Bitcoin on the chart…
This year, Bitcoin (BTC) has done astonishingly well. Year to date, the cryptocurrency’s price has gained some 200%, surging off an influx of positive news and the start of a new hype cycle. Simultaneously, central banks have put their noses to the grindstone, activating dovish monetary policies across the board. There is now over $17…
Despite it being a weekend, volatility has persisted in the Bitcoin market. After falling as low as $5,000 today, the cryptocurrency spiked 15% in minutes, rallying to $5,950 from $5,150 in an hour’s time. Unfortunately, BTC was unable to hold its gains, seeing a strong rejection at $6,000 to fall to $5,400 as of the…
Bitcoin and the crypto market haven’t been the only assets falling over the past week or two.This week marked one of the stock markets and commodity market’s worst performances in history, with the S&P 500 and Dow Jones falling by around 12% from their all-time highs established just earlier this month. It was so bad…