Cryptocurrency Analysis and News Portal
Stocks are up on fresh government stimulus expectations but when it comes to bitcoin, things are uncertainty in the near term. Bitcoin (BTC) was trading around $9,500 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours. At 00:00 UTC on Tuesday (8:00 p.m. Monday
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Bitcoin clocked highs near $9,600 this morning, having trapped bears on the wrong side of the market with a brief dip below $9,000 on Monday. Analysts say a risk reset in the traditional markets fueled bitcoin’s rise from $8,900 to $9,580 in the last 24 hours. “Bitcoin has regained poise, possibly
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[sociallocker id="55298"] As bitcoin struggles to break out of the range it’s largely been stuck in for more than a month, some investors are looking ahead to Thursday’s European Central Bank meeting for fresh monetary stimulus that might underscore the cryptocurrency’s potential as an inflation hedge. Prices for bitcoin shot up
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Stimulus checks could be powering the stock market rally. A considerable number of first-time traders are betting on the market right now. Analysts say that could be dangerous because these traders lack commitment. As the U.S. economy plunges into recession, the big question on Wall Street is how the
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While coronavirus stimulus checks did offer a bump in consumer spending, it was only temporary The government will need to keep sending out money if it wants to keep the economy afloat The stimulus money could be taking away the incentive for some Americans to return to work U.S.
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Bitcoin prices look to be struggling with buyer exhaustion, having put in a negative performance in the last 24 hours despite positive developments on both the macro and technical fronts.The top cryptocurrency by market value fell from $9,760 to $9,100 during Wednesday’s U.S. trading hours, even though major investment banks
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Bitcoin (BTC) price are expected to rise. This could happen because of several reasons which are currently at play. Bitcoin price could hit $10,00 and take off. However, it is said that less than 1% of the stimulus money being sent to U.S. citizens in two waves will be enough
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On May 14, Cryptox.trade Executive Chairman Roger Ver sat down with Digifinex cofounder, Kiana Shek, for an ask-me-anything (AMA) session about the cryptocurrency ecosystem. Ver explained what he thinks about the central banks printing unlimited money, the government-induced lockdowns, and his opinions about certain cryptocurrencies like BTC, BCH, XRP,
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Both Bitcoin and the stock market have recovered strongly since the March lows, but the “real” economy is not in a good place.As Chamath Palihapitiya — one of the first Facebook executives and a prominent venture capitalist — said in a recent CNBC “Squawk Box” interview, the economy is now far
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Bitcoin (BTC) will be most attractive to United States citizens whom the government refused to bail with $1,200, one market commentator says.As it emerged that stimulus checks may be going towards purchasing BTC, Gabor Gurbacs, digital asset director at VanEck, argued that those left out will still look for an
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