Cryptocurrency Analysis and News Portal
Digital currency markets are down on Sunday evening roughly 2.14% as global trade volume has slid by 31% this weekend. Coins like ethereum, bitcoin, litecoin, and bitcoin cash are all down between 1-2% in the last 24 hours.Crypto Assets Shed $16 Billion in Two DaysAt the time of publication,
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Even after a strong rejection at $10,400 last week, Bitcoin has held in the high-$9,000s ever since. As of the time of this article’s writing, BTC is trading for $9,800, seemingly poised to break into the five digits for the umpteenth time in weeks.The consolidation at such high prices has
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[sociallocker id="55298"] Current data from CME and other Bitcoin price monitoring bodies have shown a bullish activity among institutional investors which may help Bitcoin price to hit $13,000 in June-JulyBitcoin, the first-ever digital currency which was created in 2008 by Satoshi Nakamoto and came into limelight in 2009 is renowned
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Dow Jones Industrial Average (DJIA) futures fell 136 points overnight after back-to-back gains. Wall Street analyst who nailed the March bottom sees another 9% upside in the stock market as momentum continues. Traders await a fresh round of jobless claims data, expected to come in at 1.8 million this week. The stock market
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While Bitcoin is up 5% over the past two days, the crypto-asset market remains in consolidation.After hitting $10,100 in late April, the cryptocurrency has stagnated under that key level. It has since traded in a relatively tight consolidation pattern from $8,500 to $9,500, failing to move decisively out of this
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There are many traders flipping bearish after Bitcoin’s strong retracement over the past day.As reported yesterday, Ethereum’s inability to hold $210 indicates that more downside is on its way for the leading altcoin. Ethereum dropping would likely result in weakness for Bitcoin, as the two cryptocurrencies tug each other in
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The global crisis and financial market turmoil have many investors looking into whether cryptocurrencies, such as bitcoin, are a good investment for them. A Japanese analyst has predicted high institutional investor demand for bitcoin post coronavirus crisis, giving three key reasons why the cryptocurrency is an attractive investment.High Institutional Demand
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The World Bank has predicted that the global remittance industry will retract by 20% amid the global economic slow-down resulting from the coronavirus pandemic.With a plethora of crypto firms targeting the remittance sector, the news may comprise a poor omen for many blockchain firms seeking to gain a foothold in
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Just recently, a report from Global Macro Investor (GMI) called “The Unfolding” claims that the world is experiencing the biggest economic event that hasn’t been seen in the last 150 years. GMI’s CEO Raoul Pal authored the report and he strongly believes the digital asset bitcoin will go from a
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With the first phase of Ethereum 2.0 due to launch within months, some analysts and experts believe it could trigger a major bull run and transform finance as we know it. Adam Cochran, a partner at MetaCartel Ventures DAO and strategy developer at DuckDuckGo, has laid out several arguments for why
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