Cryptocurrency Analysis and News Portal
But unlike the aftermath of the May drop, investors this time have bought up bitcoin quickly. Some, including El Salvador, announced that they have bought “the dip” following the price slump. At the time of publication, bitcoin was trading at $49,179, 0.2% in the past 24 hours, according to CoinDesk
Read More
Out of the over $3.8 billion worth of cryptocurrencies liquidated, $2.1 billion came from Bitcoin trades, $1.01 billion from Ethereum trades with $115.4 million coming from XRP trades.Bitcoin (BTC) price fell below $40,000 for the first time in over three months, hitting an intraday low of around $36,000 at 7:30
Read More
Bitcoin price has grown over 40% since the asset’s halving this past May. The market braced for the
Read More
Following the Bitcoin halving, concerns over miner capitulation have proven unfounded. The week just gone saw the network hash rate reach a new all-time high of 125 million TH/s.Source: blockchain.comSignificant pullbacks occurred in March and May, sparking fears of the beginning of a miner’s exodus. Current data shows the Bitcoin
Read More
After the block reward halving, many analysts in the Bitcoin space expected a “death spiral.”The term is one created by a professor who, in 2018 speculated that BTC could fall to $0 due to a collapse in miners. A “death spiral,” per the journalist, takes place when Bitcoin miners leave
Read More
The signs of the apocalypse are upon us: Bitcoin (BTC) transaction fees peaking, block time increasing, and the mempool is becoming congested — all as predicted by Zach Resnick, a managing partner at Unbounded Capital.Flash crush is more likelyWhen Resnick spoke to Cryptox on May 8, he argued that the
Read More
The Dow plunged 1,000 points Monday morning. Is that because the stock market is pricing in the risk of a Bernie Sanders win in November? While coronavirus is clearly weighing on investors, it may be no coincidence that markets plunged after Bernie crushed the Nevada caucuses. Many financial analysts
Read More
Global economic headwinds are reaching critical levels after a horrific Japanese GDP figure on Sunday. With China, Germany and Japan all slowing even before the coronavirus hit, recession risks continue to rise. The great divergence between economic fundamentals and stock market returns continues as Dow Jones, S&P 500 and Nasdaq futures rose
Read More
Peter Schiff believes bitcoin is breaking out of a bearish formation and is heading to $1,000. A renowned technical analyst thinks that such a bearish pattern could, instead, take BTC to $4,000, if validated. Several technical indicators add credibility to a further drop, but there is still a chance for a rebound. On
Read More
The Ethereum price (ETH), which recorded arguably its strongest rally in 2019 from September 7 to 19 fell by nearly 33 percent within a five-day span against the U.S. dollar as the cryptocurrency market corrected. Following a strong rally, the Ethereum price dropped by more than 30 percent against
Read More