When a crisis hits, investors move their capital into safe-haven assets like gold and silver. Bitcoin shares similar attributes as these precious metals, and a growing narrative suggesting it too will become a safe haven asset like gold has followed the asset over the last two years.However, growing fears and concerns over the coronavirus reaching…
Gold prices continue to soar as expectations of the worst recession the world has ever seen grow by the day due to the last impact the coronavirus will have on the economy.However, UBS analysts are expecting a strong reversal in gold in the back half of 2020 as stimulus packages and policy changes from the…
This year’s run-up in the bitcoin price has been attributed to numerous factors: the US-China trade war, bold monetary easing by central banks, a weakening Chinese Renminbi, Facebook’s plans to launch its cryptocurrency, as well as market manipulation via Tether’s USDT stablecoins. But a recession is still not one of those catalysts. The benchmark crypto-asset…
Bitcoin has held surprisingly well over the past hour, despite global markets opening dramatically lower (by traditional standards) than they were during Friday’s close. In fact, the futures for the S&P 500 and the Dow Jones have all hit their limit down (circuit breaker) of 5%, with the former reaching 2,174 and the atter falling…
Bitcoin and the rest of the crypto market – even traditional equities markets and precious metals – have been suffering through one of the worst selloffs the world has ever seen in the face of a global pandemic.However, while the stock market has barely gained back any of the recent losses from last week’s collapse,…
Gold‘s growth continues to sustain, reaching new highs this week not traded since the last economic recession.The rally also is showing very few signs it will slow down any time soon, and one particular indicator confirms there is “more fuel in the tank,” according to an analyst.Gold Prices Soar to Over $1,730, Setting New Local…
Bitcoin is in big trouble after a historic selloff, and the world may be facing its gravest situation yet in the face of a global pandemic and recession.With Bitcoin designed to withstand a recession and having certain attributes that make it immune to the current challenges, the world is facing, will the first-ever cryptocurrency’s true…
The spread of the deadly and highly contagious Coronavirus has kindled fear in the hearts of investors, as the global equities markets are now facing heightened recession risk as the death toll and potential economic impact of the virus grows at a rapid rate.The strength of the ongoing global selloff can be seen by the…
It’s safe to say CZ is bullish on bitcoin and crypto’s future. Changpeng Zhao visited CNBC’s Squawk on the Street and flipped the prevalent bearish narrative on its head. In less than 2 minutes. Most of the things CZ said are based on common sense and a basic understanding of market forces, but still, it’s…
Rejoice! The bear market might be over. That’s the main thesis behind July’s “The Bitcoin Monthly” report. “Because bitcoin’s price did not rise parabolically during the 2021 bull market, its bear market correction could be over,” ARK reasons. And it makes sense, the numbers seem to suggest it, and it feels like it. However, are…