Cryptocurrency Analysis and News Portal
Bitcoin has once again flatlined.After failing to surmount $9,500 this last week, the cryptocurrency has settled back down to the $9,200-9,300 region. Analysts remain divided over which way a breakout will take BTC, evidenced by the overall neutral funding rates on futures exchanges.Chart of BTC's price action over the past
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A digital Canadian dollar should imitate traditional banknotes in terms of availability and accessibility, according to staff from the country's central bank, the Bank of Canada.In an analytical note on June 30, experts from the Bank of Canada revealed some of the goals for its central bank digital currency (CBDC).
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Byrne Hobart, a CryptoX columnist, is an investor, consultant and writer in New York. His newsletter, The Diff (diff.substack.com), covers inflection points in finance and technology. The most optimistic bitcoin investors are hodling out for one thing: the rapturous bitcoin rally known as “hyperbitcoinization.” The hyperbitcoinization thesis goes like this: Every
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Dow Jones Industrial Average (DJIA) futures plough higher again on Monday morning.The Federal Reserve reported a huge drop in demand for its emergency liquidity services – a sign that financial markets are now stable.New York moves to phase two of re-opening, brining 300,000 back to work.Stocks are flying yet again
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Chinese officials are reportedly planning to create an East Asia digital currency to assert more independence from the United States dollar and foster trade relations within the region. According to a recent Nikkei Asia report, 10 members of the Chinese People's Political Consultative Conference, the country’s top political advisory body, proposed
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Major cryptocurrency exchange Kraken has announced support for Aussie dollar (AUD) trading pairs and account funding.Australian dollars will be tradeable against Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Tether (USDT) on the platform.AUD is the seventh fiat currency to be supported by Kraken, joining USD,
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Bitcoin, gold, and global stocks fell in sync after a jump in virus cases moved investors to the safety of cash.The sentiment helped the U.S. dollar index recover its losses by another 0.11 percent, bringing its total upside rebound to 1.43 percent.Sebastien Galy, a strategist at Nordea Asset Management, noted
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On Wednesday, the market valuation of all 5,000+ cryptocurrencies is worth around $277 billion after a few coins gathered decent gains during the morning trading sessions. Today, bitcoin is trading for over $9,783 per unit and many traders believe the asset will surpass $10K once again. However, there is
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Spot bitcoin fell 1.45 percent to $9,501 as of 0900 UTC as the U.S. dollar rebounded from its seven-day plunge.The cryptocurrency’s downside move surfaced ahead of a fresh U.S. trade and unemployment data release at 0830 ET on Thursday.The U.S. stock market, which remains positively correlated to bitcoin, also dived
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Bitcoin repeatedly failed to hold its prices above $10,000 since February 2020.The cryptocurrency on Tuesday fell by more than $1,000 from its quarterly high above $10,400, logging another upside rejection above the $10K level.But a stark US dollar warning could send investors back to Bitcoin and other risky assets, helping
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