With each passing day, the global government is revealing more and more economic stimulus and bailout budgets to prevent further collapse of the economy and save corporations critical to civilization as we know it. But the more the government overspends, the more bullish the case for Bitcoin – an asset that’s value could climb significantly…
DetailsBitcoin has been on a wild ride over the past several weeks and months, with the benchmark cryptocurrency plummeting from recent highs of $10,500 to lows of $3,500 before garnering significant buying pressure that has since sent it back to its current price within the mid-$5,000 region. This intense volatility has come about in tandem…
DetailsLast week, the cryptocurrency market collapsed alongside the stock market and the rest of the world of finance. After the fallout, cryptocurrency exchanges have been left a ghost town, according to data extracted from order books of top trading platforms. Cryptocurrency Exchange Order Books Empty, Market is a Ghost Town Bitcoin and the rest of…
DetailsEthereum and the entire crypto market has continued trading sideways today despite the decline seen in the U.S. stock market, with Bitcoin showing some signs of breaking its correlation with the traditional markets. Analysts are now noting that the strong support Ethereum has established within the lower-$100 region may just be enough to send it…
DetailsGold, 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…
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