Cryptocurrency Analysis and News Portal
Amid mounting debt-limit default risks, US investors have turned to Bitcoin as ‘digital gold’ to better hedge their savings. Amid rising debt-limit default risks, Bitcoin (BTC) is the preferred safe-haven asset compared to other established global fiat currencies. A recent report stated that investors have turned to BTC to hedge their investments, compared
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The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data. The total market capitalization of tokenized gold has surpassed $1 billion. CoinGecko data places it at $1.02 billion, up 2.3% over the past 24 hours,
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On June 11, South Korean experts stated through local media that cryptocurrencies are a “poor choice” of safe-haven assets during the COVID-19 pandemic.According to The Scoop, Professor Hong Ki-hoon of Hongik University stated that crypto-assets like Bitcoin (BTC) should not be considered as “safe-haven assets,” at the level of Gold,
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Cryptocurrencies have not been used as a safe haven amid challenges the global economy has faced at the beginning of the year, one expert says.The world has already seen a slew of market-shaking events this year including trade policy uncertainty, geopolitical tensions and the coronavirus epidemic, among others. With
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As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged - at least in terms of the notoriously volatile cryptocurrency’s trading history.Bitcoin (BTC) was down 4.6 percent as of 6:17 p.m. UTC (1:17 p.m. ET) to $9,517. But a decline of
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BTC/USD is presently trending at $8,091 (-1.1% from the start of the day). The coin retreated from an intraday high of $8,195.81, although the trend is quite bullish.As per Arcane Research, Bitcoin volumes have more than increased in seven days. The organization found that the 7-day normal every day exchanging
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