The common narrative shared over recent months is that Bitcoin is adversely affected by increases in the value of the U.S. dollar. Case in point: when the dollar began to spike in February and March, BTC began to tumble lower, as did the S&P 500 and the price of gold. More recently, when Bitcoin topped…
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An expert in Bitcoin fundamental analysis claims that although the cryptocurrency is bullish currently, things could get “rocky” until after the US Presidential Election concludes. But as soon as the winner is chosen, the “clarity” combined with the asset’s halving has in the past provides “solid” foundation for each new bull run to begin. Bitcoin…
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MicroStrategy has been making headlines throughout the past couple of months, with the Virginia-based company announcing in August their plans to convert their treasury reserves from USD to Bitcoin. The aim of this unprecedented action is to guard against inflation and devaluation of the US Dollar, which could have sizeable impacts for companies with cash…
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No cryptocurrency has outperformed Chainlink over the last two years of the bear market. But like everything that goes up with such powerful momentum, the way back down is almost nearly as strong. In what feels like a flash, Chainlink has already lost a full 60% from the 2020 high at $20 to the recent…
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Many have drawn similarities between DeFi and the ICO craze of 2017, and it’s easy to see why as well. To begin with, both operate(d) primarily on the Ethereum network. However, it’s the flood of fly by night projects that links the two in the minds of many. With that, in recent times, critics have…
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It feels like Ethereum 2.0 is taking an eternity to rollout. But, following months of testnet runs, it finally looks as though Phase 0 is nearing the finish line to launch. Phase 0 refers to developing the framework for running the proof-of-stake mechanism. It will set in place registry for staking validators, meaning full staking…
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Bitcoin’s price action has done little to offer investors with clarity into its near-term outlook. The benchmark digital asset has been trading around $10,500 for the past few days, with each push higher or lower resulting in a move back to this price level. The lack of directionality seen in the time following its $11,000…
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Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived dead-cat bounce to $11,200, Bitcoin price is back once again at $10,500 and trying to hold. Although the correction has been steep, the selloff closely resembles the last bull market’s most violent…
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Following legacy markets, Ethereum and XRP have undergone strong corrections over the past week. According to an analyst, though, the price of ETH could soon undergo a bullish recovery above $400. This comes as analysts have affirmed that ETH’s fundamentals are more bullish than ever. These fundamentals include persistent development in decentralized finance and development…
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Bitcoin continued its tumbling on Wednesday under the pressure of a rising US dollar. Safest Haven Returns The cryptocurrency plunged by up to 1.43 percent to hit an intraday low at circa $10,389. Its latest move downside came as a part of a larger bearish correction that began when BTC/USD had formed a year-to-date top…
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