Cryptocurrency Analysis and News Portal
A new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs). According to Bloomberg’s Crypto Outlook report for Q4 2020 written by Senior Commodity Strategist Mike McGlone, Tether (USDT) is likely
Read More
It’s been quite the past few days for Ethereum, decentralized finance, and the entire crypto industry due to
Read More
Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that primary demand and adoption indicators remain positive.The report concludes that Bitcoin is set for a breakout with
Read More
In brief:The research team at Bloomberg has released the July 2020 Crypto outlook report. The report explains that the number of active Bitcoin addresses points to demand that could push BTC to $12,000 in the near future.Furthermore, Bitcoin as an asset seems to be maturing based on the rising CME futures
Read More
Bitcoin price is eyeing a breakout towards $13,000, according to Bloomberg analyst Mike McGlone.The senior commodity strategist stated that the cryptocurrency’s declining volatility is making it a digital version of gold.He also highlighted BTCUSD trading inside a bullish technical structure.Could Bitcoin price break above $10,500, a technical resistance it has
Read More
[sociallocker id="55298"] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekForget $10,000, Bitcoin’s $12,000 breakout
Read More
Another week, another round of Crypto Tidbits.The past seven days have been volatile days for Bitcoin and other cryptocurrencies. The cryptocurrency on June 1st rallied past $10,000 for the first time in many weeks, reaching as high as $10,400.It was an explosive move that had many expecting more upside. One
Read More
[sociallocker id="55298"] Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year.According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.”Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel
Read More
[sociallocker id="55298"] Despite the current market uncertainties some pundits point to gold and Bitcoin (BTC) as suitable hedges against future downturns. BTC remains of the best performing assets, maintaining its decoupling from mainstream stocks. Bitcoin and Gold as Hedge Against Uncertainties According to June 2020 Bloomberg Commodity Outlook, Bitcoin and gold will
Read More
[sociallocker id="55298"] Bloomberg analysts are the latest to jump on the bandwagon of experts expecting bitcoin to revisit its record high in 2020. The bold prediction is largely based on the fact that price action seen over the last 2.5-years looks similar to the patterns over the 2.5-years following the leading
Read More