Cryptocurrency Analysis and News Portal
Wells Fargo anticipates U.S. corporate pensions will move $35 billion into fixed income. Analysts believe this may cause a sharp sell-off in the stock market and given the correlation between Bitcoin and stocks, this could leave BTC vulnerable for a pullback.KKM Financial managing director Dan Deming also warned that increased
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Bitcoin is holding its intraday gains above $9,100 on Thursday.But the cryptocurrency risks downside correction as the U.S. futures hint at a shaky start after New York opening bell Thursday.The unsteadiness surfaced as China approved a proposal for a national security law in Hong Kong, raising possibilities of a new
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Bitcoin suffered a quick sell-off on Wednesday after a previously dormant address moved some of the earliest-mined coins for the first time. While bitcoin’s price has recovered a bit, downward selling pressure remains and could have an impact on stakeholders, especially in the derivatives and mining sectors.As of 20:00 UTC
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While the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March
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The coronavirus pandemic has resulted in massive turmoil in stock markets across the world, and almost all asset classes have suffered due to the deep selloff over the past few days. The same has been the case with Bitcoin, the world’s biggest cryptocurrency by market cap, and over the past
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Bitcoin traded higher on Tuesday following a severe sell-off that saw its prices plunge by circa $900 at the start of this week.The benchmark cryptocurrency jumped to intraday high of $5,466 from its weekly low, up 23.34 percent as traders hunted for short-term profits. The move upside quickly followed a
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Crypto derivatives provider Bakkt raised $300 million in its latest financing round even as its core portfolio asset bitcoin suffered huge losses amidst the Coronavirus-led sell-off.According to the announcement, penned by Bakkt’s CEO Mike Blandina, Intercontinental Exchange, PayU, Microsoft’s M12, Goldfinch Partners, Boston Consulting Group, Pantera Capital, and CMT Digital all
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Bitcoin (BTC) suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies. This came despite a new European Central Bank pledge to pump more cash into panicky markets. Prices for the largest cryptocurrency
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Since our last market update, Bitcoin hasn’t fared any better; just minutes ago (as of the time of this article’s writing), the cryptocurrency was trading at $7,700 — the lowest the asset has traded at since mid-January, amid the breakout that brought it as high as $10,500. This means that at
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Jeffrey Gundlach says the stock market is pricing in a Bernie Sanders presidency, hence the rout. He claims that the underperforming healthcare sector indicates that coronavirus is not the catalyst of the stock market crash. Coronavirus is causing serious supply chain disruptions and may be the real reason why
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