In a bizarre twist, investors hoarding rare casks of whisky highlights exactly why Bitcoin is among the most valuable assets to ever exist. But why are so many turning to gold, whisky, and Bitcoin even amidst such economic uncertainty? Supply And Demand Dynamics Make Rare Whisky A Hedge Against Inflation Some people enjoy the finer…
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Like Bitcoin, XRP has faced a strong pullback over the past few days after peaking last week. As of this article’s writing, the leading altcoin is down 5% in the past 24 hours. XRP now trades for $0.265, which is below a number of pivotal technical resistances in the near term. Related Reading: These 3 Trends…
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Ethereum’s price saw a rapid surge earlier this morning that sent it to highs of $396 before it faced a massive influx of selling pressure that caused it to nearly instantly reverse all of its recent gains. This movement came about in tandem with a similar one seen by Bitcoin, which was able to push…
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Analysts rely on a variety of tools to tip them off about coming price action, with some offering better results than others. A top and bottom-sniping tool used to call the 2007 top in the stock market, is once again raising a red flag. Here’s why this could also be bearish for Bitcoin and the…
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Polkadot has become a rising star within the crypto markets, with the layer one “Ethereum killer” seeing massive inflows of capital throughout the past few weeks that have allowed it to become one of the largest crypto assets. Currently, DOT is the sixth-largest cryptocurrency, with its market capitalization only being a few million away from…
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From the August monthly open to the high, XRP recorded nearly 25% gains on the month. Unfortunately for Ripple investors hoping for a new bull run, the altcoin was only able to hold onto just 1% of that as of the time of this writing. But while things may look bleak for XRP’s recent rally,…
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Following a 157% bull rally throughout the first half of August that saw Chainlink hit a new all-time high of $20, this cryptocurrency entered a massive downtrend. As sell orders began to pile up, LINK took a 36% nosedive to reach a low of $12.8 on August 21. Over the past few days, however, the…
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Bitcoin has been caught in the throes of some immense turbulence throughout the past few days. This volatility has primarily favored sellers, and today’s price action has only further enhanced the notion that further downside may be imminent for the benchmark cryptocurrency. Following a speech from the Federal Reserve Chairman earlier today regarding the US…
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This morning, just as the Fed’s Jerome Powell began his speech, Bitcoin started pumping in a fast-moving short squeeze, driven by inflation narrative. However, the move just as quickly reversed, plummeting back down to lower than where the pump first began. Traders are calling the move a well-time shakeout. But what comes next for the…
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Bitcoin plunged lower as traders waited for Federal Reserve Chairman Jerome Powell to deliver his keynote address at the annual Jackson Hole meeting starting later today. The benchmark cryptocurrency plunged 0.82 percent–a modest dip–to trade near $11,369. The move downhill came a day after BTC/USD had climbed above the $11,500-mark. So it appears, traders used…
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