Cryptocurrency Analysis and News Portal
Bitcoin (BTC) is set for a rare difficulty reduction in the coming days as continued price weakness tests its technical fundamentals.Data from monitoring resource Crypto This’ difficulty estimator showed that at present, next Wednesday will see difficulty fall by almost 13%.Hash rate returns to Christmas levelsDifficulty essentially indicates how
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On Sunday, the U.S. Federal Reserve slashed the benchmark short-term rate by 100 basis points bringing it to zero. In addition to
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On Saturday Bitcoin (BTC) price dropped below $9,000 again, increasing the uncertainty surrounding future price estimates and reminding investors that the Coronavirus continues to impact markets across the world.Cryptocurrency market daily performance. Source: Coin360Interestingly, Bitcoin’s hash rate reached an all-time high on March 5 - 157 quintillion hashes per
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Nasdaq-listed cryptocurrency mining firm Riot Blockchain has demonstrated a remarkable monthly growth of average daily run rate of Bitcoins (BTC) mined, in February.The United States-based firm has seen a 147% increase in the average daily run rate of BTC mined, against the average daily production run rate for December
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The Wuhan coronavirus has killed a staggering 29% of all confirmed cases in King County, Washington. This disproportionately high rate of death demonstrates how dangerous the virus is for elderly Americans. Covid-19 could alter America’s demographics if it spreads as widely as the seasonal flu. So far, the coronavirus
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The Federal Reserve made a surprise emergency cut of 50 basis points to the federal funds rate on Tuesday in a desperate attempt to reduce the impact of coronavirus. Cutting rates won’t solve all problems; we don’t know how much the coronavirus will hurt the global economy. Stocks are
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Hours before the U.S. Federal Reserve, the Reserve Bank of Australia (RBA) also cut interest rates in hopes of curbing market reaction to the ongoing coronavirus outbreak.In a meeting held on March 3, the RBA announced it would be cutting the cash rate by 25 basis points (bps) to 0.50
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History shows that emergency interest rate cuts precede a bear market. WHO issues new guidance regarding the mortality rate of COVID-19 (coronavirus). A new study estimates that the virus could easily halve economic growth this year. The Federal Reserve shocked market participants on Tuesday after announcing an aggressive 50-point
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The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy.
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The Federal Reserve enacted an emergency rate cut Tuesday morning, triggering a volatile pump-and-dump in the stock market. Bank stocks were disproportionately affected over fears that plunging interest rates would eat away at margins. Rates are destined to return to zero so you shouldn’t believe the Fed when it
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