Bitcoin solves many problems, from monetary policy mishandling to acting as the first decentralized store of wealth.But could it also be a solution to Venezuela’s sanctioned and stuck-at-sea oil problem? Rather than aimlessly floating at sea, the oil could be put to much better use.Venezuela Has Over 18 Million Barrels Of Sanctioned Oil Floating At…
Less than 48 hours ago, Bitcoin price was trading at over $9,700. Today, it hit under $9,200 at the low on Coinbase.Data shows that the selloff was preceded by a massive outflow from miners to cryptocurrency exchanges. If miners were indeed behind selling down the recent rally, why aren’t they holding post-halving as expected?Bitcoin Miners…
Gold this week reached a price not traded at since nine full years ago, fueled by a mad dash to safe-haven assets. Could the same surge in safe-haven interest that gold is experiencing soon translate into a boost in Bitcoin?Gold Targets All-Time Highs After Reaching New Nine-Year-RecordThis week, as economic uncertainty continues to create chaos…
Bitcoin may see a major boost in demand following Brazil’s Central Bank blocking payments from the WhatsApp messenger app in the country.Brazil is the app’s second-largest market, leaving a massive hole that could soon be filled by cryptocurrencies.Central Bank Of Brazil Suspends Facebook’s WhatsApp Payment FeatureIn a move to “preserve an adequate competitive environment,” the…
The correlation between Bitcoin and the S&P 500 has proven to be dangerous for the first-ever cryptocurrency. It even helped to drag down the asset during the Black Thursday collapse.The crypto asset’s new bull market on the horizon. Yet the correlation with the stock market is once again nearing all-time high levels and at risk…
A bearish chart formation has appeared on Bitcoin dominance that could lead to another leg down and rebound in altcoin/BTC pairs. However, the 58% level could remain a barrier, keeping a full-blown altcoin season from occurring for quite some time longer.Bitcoin Dominance Forms Bear Flag, Hanging By A Thread On Channel SupportBTC dominance is a…
Bitcoin has been the best performing asset in finance history, rising over a million percent from its early days to current prices. It may come as no surprise then that the first-ever cryptocurrency is currently leading a public poll where respondents believe it’ll also be the “best performing asset of 2020.”Is 2020 The Year The…
Jobless claims in the United States performing worse than initial forecasts expected has caused the Dow and other stock indices to slide pre-market. With Bitcoin‘s uptrend hanging by a thread, how will the first-ever cryptocurrency respond to the negative news and falling equities market?Jobless Claims Worst Than Forecasted Sends Dow Plunging Pre-MarketWhen the pandemic first…