Cryptocurrency Analysis and News Portal
“It was the best of times; it was the worst of times.”The opening line to Charles Dickens’ "A Tale of Two Cities" provides an apt-enough description of the moment crypto investors now find themselves in as the coronavirus takes a devastating toll on the global economy, raising ugly questions about
Read More
Bitcoin has lagged gold this year as investors looked for hedges against inflation – especially with the Federal Reserve creating trillions of dollars of fresh money to offset the devastating economic and market toll of the coronavirus. The oldest cryptocurrency jumped 13% on Wednesday, the most in six weeks, as Fed
Read More
Bitcoin (BTC) currently sits at $6,370, a slight recovery from the March 27 pullback which saw the price drop nearly 9% in 4 hours. Despite showing some bullish signs, Bitcoin is still down nearly 30% since last Friday.As previously reported by CryptoX, the crash may have been caused by
Read More
BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial crisis.The 2020 coronavirus financial crash could be the biggest opportunity
Read More
The VIX volatility index, the stock market's main risk indicator, skyrocketed to 55 on March 9. This is the highest level since 2009. Meanwhile, Saudi Arabia’s talks with OPEC member Russia soured, triggering a price cut competition. This led Brent Crude, the international oil benchmark to trade at $36.20,
Read More
Could anxious investors treat bitcoin as their safe-haven amidst Coronavirus uncertainty? Yes. But that doesn’t make the cryptocurrency the only fish in the big pond of insurance assets.Investors are now looking beyond the traditional narratives of a safe-haven. They are relying on unique assets to protect their capital. That explains
Read More
Joe Biden’s Super Tuesday surprise helped healthcare stocks lead the market recovery on Wednesday. Biden crushed Bernie Sanders and Elizabeth Warren, the leading proponents of “Medicare For All.” Dow stock UnitedHealth Group headlined the surge. Healthcare stocks are heaving a sigh of relief on Wednesday after Joe Biden pulled
Read More
Bitcoin (BTC) saw a difficult week as it hit one-month lows, but on gold markets, traders were nursing the biggest daily falls in over seven years.According to data tracking XAU/USD on Feb. 29, Friday saw the precious metal’s worst 24-hour drop since 2013.Gold drops 7% in 5 days after
Read More
The combined market cap of crypto assets logged its biggest weekly drop in the last four months as evidence of further global spread of Coronavirus scared investors.Bitcoin and rival cryptocurrencies slipped by up to $20 billion in just two days, beginning the week on an extremely pessimistic note. Almost all
Read More
Coronavirus’ aftermath hit Apple’s business operations, with production levels dropping significantly. South Korea’s outbreak is becoming a “grave situation,” with Samsung Electronics’ factory being shut down. Both tech giants are expected to suffer large losses due to the ongoing epidemic. The arguments between iOS and Android lovers can go
Read More