Gold, bitcoin, and government bonds fell in sync on Wednesday, suggesting that investors are raising cash to tackle the disruption caused by the Coronavirus pandemic. The gold-to-dollar exchange rate dipped by as much as 2.73 percent to $1,487.66 an ounce shortly after the European market open. The yellow metal came under the pressure of fund…
DetailsWith Bitcoin and other financial markets, a certain seasonality and cyclicality exists. Some chalk this up to coincidence, while others seek to try and capitalize on any opportunity to predict recurrence. With Spring just around the corner, typically an event signifying new growth and a return to light, could it be the seasonality change that…
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Bitcoin has risen today in tandem with the traditional markets, finding what appears to be a secure foothold within the lower-$5,000 region. This has allowed the benchmark crypto to begin confirming its recent lows as a mid-term bottom, but it still remains unclear as to where it will trend next. One prominent analyst is now…
DetailsEthereum is slowly recovering and trading towards the $120 resistance against the US Dollar. ETH price could climb higher sharply if there is a clear break above $120 and $124. Ethereum is showing a few positive signs above the $110 support zone against the US Dollar. It is currently testing a major hurdle near the…
DetailsRipple is started a decent recovery from the $0.1280 support zone against the US Dollar. XRP price is likely to surpass the $0.1500 resistance and trade towards the $0.1700 resistance. Ripple price is showing a few positive signs above the $0.1400 level against the US dollar. It is currently testing a major resistance zone near…
DetailsBitcoin is showing signs of a decent recovery above $5,000 against the US Dollar. BTC price could recover further towards the $6,000 resistance, where the bears are likely to take a stand. Bitcoin is slowly rising and it is trading nicely above $5,200 against the US Dollar. A break above $5,600 is likely to lead…
DetailsA statistician who accurately predicted that bitcoin will flash dump amidst a global economic crisis now hopes for a significant price rebound. Willy Woo, an on-chain analyst who in 2018 forecasted that investors would unwind their leveraged bitcoin positions to seek safety in the US dollar, says the cryptocurrency is looking for a bottom. “Dump…
DetailsThe Seychelles-based crypto exchange KuCoin today announced the establishment of KuGroup, appointing CEO Michael Gan as Chairman of KuGroup and co-founder Johnny Lyu as CEO of KuCoin Global. According to an announcement from KuCoin, the newly established KuGroup consists of three business groups: KuCoin Global, KuCloud, and KuChain & KCS Ecosystem. With their new roles,…
DetailsBitcoin traded higher on Tuesday following a severe sell-off that saw its prices plunge by circa $900 at the start of this week. The benchmark cryptocurrency jumped to intraday high of $5,466 from its weekly low, up 23.34 percent as traders hunted for short-term profits. The move upside quickly followed a weak pullback into the…
DetailsBitcoin believers waited for a global economic crisis for years, hoping it would prompt investors to inject hundreds of billions of dollars into the cryptocurrency’s small, illiquid market. But the narrative failed big time as bitcoin came face to face with a real market-crisis-in-making, led by the Coronavirus pandemic. The bitcoin-to-dollar exchange rate fell by…
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