Bitcoin moved closer to the $17,000 level on Tuesday. The digital currency dropped to $16,400, its lowest level in the last three weeks. As year-end approaches, BTC could face high volatility and low liquidity. Bitcoin Hit A Brief Surge Bitcoin surged to a short-lived peak of $16,837 in today’s session, barely 24 hours after hitting…
Peter Schiff is one of the most vocal bitcoin detractors known to investors. The economist has never been one to hide his disdain for the digital asset and continues to bash it at every chance he gets. This time around, Schiff who has always touted the superiority of other investment forms such as stocks above…
Thursday wasn’t a great day for gold holders. During the day’s trading session, the precious metal cratered by its standards, falling by $23 — a 1.5% downward move — from $1,490 to $1,468 in a relatively spectacular fashion. This drop came a day after the asset shed $30, implying that a downtrend is forming for…
It wasn’t just Facebook making one of the biggest announcements and steps towards mainstream adoption in the crypto space this week. Ripple also announced a strategic partnership with international money transmission service MoneyGram that would see the company use its XRP crypto token and could possibly drive up XRP price. MoneyGram’s stock has surged over…
In his latest essay, Arthur Hayes, the co-founder of BitMEX, has laid out his investment playbook in the current global economic landscape, focusing on the potential of Bitcoin, cryptocurrencies, big tech, and traditional financial markets. Dumb Trades Hayes begins with a blunt critique of traditional investment strategies, particularly the purchase of long-term bonds in the…
All across finance, the conversation of the day has been centered around China and the ongoing regulatory crackdown As it pertains to the crypto market and assets like Bitcoin and Ethereum, holders are wondering if there could be spillover effect and additional FUD that could on the ongoing recovery in play. But it is in…
As Bitcoin (BTC) has floundered over the past few months, falling by 50% from $14,000 to $7,300, American equities have been performing rather well. Earlier this week, the S&P 500 set an all-time high at 3,150, and the index has gained some 25% in the past year alone — likely one of the strongest years…
U.S. crypto-related stocks saw a significant surge in pre-market trading on Tuesday as Bitcoin smashed through the much-anticipated $100,000 mark. This milestone, a psychological and technical breakthrough for the world's largest cryptocurrency, fueled optimism across the digital asset sector. Shares of companies with strong ties to the crypto industry, including Coinbase, Marathon Digital, and Riot…
Bitcoin has surged above the $29,000 mark following the Fed rate hike of 25 bps, a sign that the asset may be decoupling from the stocks. Bitcoin Has Jumped Despite Fed Interest Rate Hike Announcement According to the on-chain analytics firm Santiment, the cryptocurrency market has shown some promising rise potential since the rate hike…
The US stocks benchmark S&P 500 could fall by as much as 40 percent as the Coronavirus pandemic spreads further, according to Scott Minerd of Guggenheim Investments. If the chief investment officer is correct, then crypto tokens like bitcoin could also plunge massively heading further into this year.An Uncanny CorrelationThe global crypto market lately fell and recovered…