Cryptocurrency Analysis and News Portal
Bexplus provides BTC, ETH, LTC, EOS and XRP perpetual contracts for futures trading as well as 100x leverage. With its intuitive interface and demo account, beginners can learn to trade and improve their skills. As the crypto world anxiously waits for Bitcoin to make a move, whether upward or downward, the
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Bitcoin is looking to leap key resistance alongside a strong rally in gold. The top cryptocurrency by market value is trading around $9,300 at press time, according to CryptoX’s Bitcoin Price Index. That’s close to the resistance of a trendline connecting June 1 and 22 highs. A sustained move past $9,330 would
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Bitcoin showed its luster during the first half of 2020 by rallying more than 27% percent amid mediocre returns from precious metals including gold, silver and platinum. Gold underperformed bitcoin by nearly 11 percentage points despite gaining 16 percent in the first half of 2020 and making eight-year highs in late
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Peter Schiff, the CEO of Euro Pacific Capital, says “HODLers” of Bitcoin “remain delusional” because gold outperformed Bitcoin since 2019. But, BTC actually outperformed the precious metal so far in 2020.Schiff said:“Since hitting its high in June of last year the price of Bitcoin has fallen by 33%. During that
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Bitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns. At press time, the cryptocurrency is priced around $9,430 – up 1.5% on the day – having put in lows near $9,260 during the Asian hours, according to CryptoX’s Bitcoin Price Index. Gold, however,
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Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis.Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June 2020.
Read MoreEconomist, financial commentator and gold advocate Peter Schiff once again bashed Bitcoin in a tweet, essentially calling it fiat currency — the name for regional currencies, such as the U.S. dollar. "The Fed gets Bitcoin right," Schiff said in a June 20 tweet, adding:"It categorizes it with fiat, in contrast to
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In summary:60% of the Bitcoin in existence is held as a long-term investment.20% of the Bitcoin ever mined has not moved in five years or more. Approximately 19% of the Bitcoin mined, moves frequently and is used for trading. The team at Chainalysis has released a comprehensive report that highlights how investors
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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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JPMorgan’s strategists have reportedly found bitcoin’s market structure to be more resilient than those of currencies, equities, Treasuries, and gold. In a new report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class.”In a new report entitled “Cryptocurrency takes its first stress test: Digital
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