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Bitcoin was able to post a bullish reaction to its recent dip below $9,000, with its buyers sparking a rally that sent it as high as $9,300.Although this rally has not confirmed any type of notable technical breakout, it has helped shift some of the benchmark cryptocurrency’s technical indicators into
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Whether or not the Federal Reserve eventually cuts interest rates to negative levels, it might be a case of heads: bitcoin wins, tails: bitcoin wins. So far this year, the Fed has created about $3 trillion of new money, an amount equivalent to more than 70% of the total assets created
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[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
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After plunging last week, the Bitcoin market has mounted a hefty recovery over the past week. The leading crypto asset traded as high as $9,700 on Saturday evening — just a few percentage points shy of the monthly high.Ethereum has fared even better, with the asset pushing 10% higher within
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Since the crypto bubble of 2017 that brought Bitcoin from under $1,000 to $20,000 in a year, analysts have been wondering what will spark the next rally.Many have put their faith in the Bitcoin block reward halving, which came to pass earlier this week, but more and more are becoming
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Bitcoin (BTC) price bull markets coincide with one specific macroeconomic trend — and the next may now be around the corner.In a Twitter debate on April 18, PlanB, the vocal analyst who created Bitcoin’s stock-to-flow price model, argued that the cryptocurrency benefitted from money printing.BTC waits as “QE infinity” passes
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Crypto-Twitter has reacted with horror to the news that the United States Federal Reserve has been given a mandate to print as much new money as it needs to in order to avert a deeper financial crisis due to the coronavirus pandemic.Charles Hoskinson, CEO of Cardano developer, IOHK, even
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Blockchain, like many other emerging technologies, is enthusiastically touted as a solution to many of the world’s problems. Perhaps because of its relation to cryptocurrency or the narrative prophecies that surround them both, blockchain draws both criticism and praise from a staggering array of sectors.However, with the big blockchain
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