Bitcoin 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…
DetailsFor most of Bitcoin’s life, it’s been a pitched as an asset uncorrelated from the stock market and other traditional equities. It’s been a strong selling point for institutional investors seeking to add variety or even derisk their portfolios. However, as of late, the first-ever cryptocurrency has been exhibiting a minute-by-minute correlation with the stock…
DetailsLast week, the crypto market experienced a deadly selloff that took most of the digital asset prices down by 50% or more in most cases. The selloff, however, was mostly fueled by short-term investors, leaving those in crypto for the long-term mostly unfazed by the recent collapse. Latest Panic Selloff Was Mostly Short-Term Investors Panicking…
DetailsAfter breaking beneath the support that had been established at $5,000 yesterday, Bitcoin bulls have now been able to propel the cryptocurrency past a key support region, leading it to once again find itself caught within a bout of sideways trading around $5,200. Although both bulls and bears appear to have reached an impasse, it…
DetailsIt has been a crazy week for Ethereum and most other major altcoins, with the cryptocurrency seeing an intense selloff last week that led it to plummet all the way down to its previous bear-market lows before it was able to find any significant support. Although ETH has since recovered from these lows, it still…
DetailsBitcoin is in big trouble after a historic selloff, and the world may be facing its gravest situation yet in the face of a global pandemic and recession. With Bitcoin designed to withstand a recession and having certain attributes that make it immune to the current challenges, the world is facing, will the first-ever cryptocurrency’s…
DetailsAlthough there are many investors anticipating Bitcoin will fall once again, citing the global uncertainty that is epitomized by the Dow Jones’ record 3,000-point loss on Monday, there are some reasons to believe the cryptocurrency may soon mount a recovery. Related Reading: Crypto Tidbits: Bitcoin Plunges 50%, COVID-19 Cases at Ethereum Event, Central Banks Inject…
DetailsLast week was some of the darkest hours of global financial markets. Affected by the COVID-19 epidemic and oil price war, global stock markets, crude oil price, gold price and futures markets dived successively. While people were eager to seek robust investment targets and found that Bitcoin might be the last sort of safe-haven asset,…
DetailsBitcoin is currently rising and showing positive signs from the $4,350 swing low against the US Dollar. BTC price is likely to accelerate higher towards $6,000 if it settles above the 100 hourly SMA. Bitcoin is recovering nicely from the $4,350 and $4,500 support levels against the US Dollar. It is back above the $5,000…
DetailsRipple is trading nicely above the $0.1200 and $0.1300 support levels against the US Dollar. XRP price seems to be preparing for the next key break above the $0.1600 resistance area. Ripple price is currently recovering from the $0.1279 weekly low against the US dollar. It is trading above the $0.1400 resistance area, but it…
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