Cryptocurrency Analysis and News Portal
Ethereum made its third attempt to set new local highs against its Bitcoin trading pair in 2020 yesterday. This movement has shown signs of being fleeting, however, as the crypto has lost some of its momentum.Although the cryptocurrency is flashing some subtle signs of near-term weakness, it is important to
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The imminent launch of Ethereum 2.0 has long drawn the attention of cryptocurrency investors.Many investors have speculated that the blockchain’s transition to a Proof-of-Stake (PoS) consensus system will help onboard new investors due to its steaking incentives.It is also widely anticipated that the 2.0 version of the blockchain will help
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A report claims that negative interest rates present Bitcoin (BTC) with a unique opportunity.The May 14 report, published by Stack Funds, stipulates that if the interest rates in the U.S. turn negative in the near future, it will force market participants to look for alternatives to traditional assets. This could
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Bitcoin has ended a four-day losing trend and is trading steady around $9,000 amid rising speculation the U.S. could eventually adopt negative interest rates.The top cryptocurrency by market value rose nearly 3% on Tuesday, having suffered losses in the preceding four day – the longest daily losing run in over
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Despite the roaring recovery in the S&P 500, crypto, and other markets, many facets of the global economy remain in recession. Dozens of millions are unemployed, consumer spending is down, and the global supply chain has come to a screeching halt.With cashflows going negative around the world, meaning firms are
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This will always be remembered as the week when oil went negative.The economic repercussions of this are staggering and will take months to fully comprehend – but, more short-term, one of the most fascinating aspects is how it knocks universally accepted truths about markets right into the oil can. Also compelling
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As reported earlier by Cointelegraph, the May 2020 Futures contract for West Texas Intermediate (WTI) Crude dropped more than 100% on Monday. At its worst the price reached negative $37.63, a phenomenon which has never occurred before.WTI May futures (CL1). Source: TradingViewThe June WTI contract with a May 19 expiry
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A new television series by MTV features arguably the channel’s first crypto personality. Rachel Siegel, a bitcoin advocate and proponent of mass
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An $8 million ICO project is shutting down, citing regulatory uncertainty and difficulties in onboarding new users.Content-sharing platform Contents Protocol announced Wednesday that following numerous attempts to turn its business into a success, the firm is closing down and refunding investors as much as $7.5 million-worth of the ether (ETH)
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The premium of bitcoin on Bitfinex has dissolved in recent months. It is trading at a similar price range as spot exchanges and the last time it did, which was in August 2019, a brutal correction followed.There are many factors at play when bitcoin often enters a short-term bear market.
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