The tight correlation between Bitcoin and the stock market has been deteriorating in recent days. And following the latest price action, the correlation may finally be over and Bitcoin can break free from the shackles of the S&P 500.Bitcoin Correlation With S&P 500 Finally Diverges Thanks to HalvingBitcoin price was trading well above $10,000 in…
In a first for the country, an Australian woman has been charged with illegally operating an unregistered Bitcoin exchange.She further stands accused of using the cryptocurrency “exchange” to launder over 326 BTC transacted since 2017.Australian Woman Accused of Money Laundering Through Illegal Bitcoin ExchangeAn unidentified woman has been charged with what is said to be…
After what seemed like endless hype, the Bitcoin halving came and went this week. And as expected, with the cut in revenue each halving brings, miners have been dropping like flies.Crypto analyst and founder of Quantum Economics, Mati Greenspan noted that the Bitcoin hash rate tanked by as much as 36%, post halving. But, despite…
Bitcoin traded as high as $9,950 and recently started a downside correction against the US Dollar. BTC price is likely to remains well supported above $9,000 and it could continue higher.Bitcoin is currently correcting lower from the $9,950 and $10,000 resistance levels.The price is still trading well above the $9,200 support and the 100 hourly…
Good things don’t last forever it seems. After rallying 20% from the lows to tap $10,000, Bitcoin plunged $500 within the span of 20 minutes this hour, falling from ~$9,750 to $9,200 in that short period of time.It was an 8% reversal from the ~$10,000 highs of the Thursday trading session.Bitcoin price chart of the…
Bitcoin is firmly caught within the throes of an immense uptrend. This was clearly seen yesterday when the cryptocurrency rallied up to highs of $10,000 before facing a slight rejection that led it lower.This was a massive $1,000 movement that marked a significant extension of the momentum that was first incurred when the crypto rebounded…
Bitcoin is back on the headlines after the outrageous price action it has experienced before and after the halving took place. The flagship cryptocurrency rose to a high of $10,100 on May 7 to then take a 22% nosedive over the weekend. Now, BTC is back up, recovering most of the losses recently incurred.Regardless of…
Things ramped up a gear today as Bitcoin derivatives platform, Deribit announced full integration of the ClearLoop custody and settlement solution for institutions.ClearLoop is the brainchild of London-based Copper, headed by CEO, Dmitry Tokarev, who commented:“ClearLoop, the fruit of this collaboration, allows investors to settle trades instantly, keeps their assets secure and insured in third-party…
Bitcoin broke a major resistance zone near $9,000 and $9,100 against the US Dollar. BTC price is gaining momentum and it could soon climb above $9,500 and test $10,000.Bitcoin started a strong rise and broke the key $9,100 resistance zone.The price is now trading close to $9,400 and it might soon attempt to clear $9,500.There…
Both Bitcoin and the stock market have recovered strongly since the March lows, but the “real” economy is not in a good place.As Chamath Palihapitiya — one of the first Facebook executives and a prominent venture capitalist — said in a recent CNBC “Squawk Box” interview, the economy is now far removed from capital markets.With over…