Cryptocurrency Analysis and News Portal
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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A long-held theory in the Bitcoin market is, the launch of CME futures popped the cryptocurrency bubble.When the established derivatives exchange launched the product, BTC surged dozens of percent higher in the days that followed, only to crash from $20,000 to around $6,000 within two months. The timelines suggested that
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On May 5, Bitcoin (BTC) price recovered a significant portion of its losses from Sunday’s weekly close correction and data from Cryptox Markets and CoinMarketCap shows that within the last hour the digital asset crossed above the $9K mark again. Despite correcting to $8,500 on Sunday, Bitcoin price quickly rebounded and
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The national debt of the United States has crossed $24 trillion for the first time in history as Donald Trump’s presidency adds $4 trillion in four years.According to figures from online monitoring resource Trading Economics, the tally now stands at $24.018 trillion as of April 9. The amount is
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Bitcoin (BTC) price is continuing to move higher on March 25 alongside U.S. equities markets, which yesterday saw a historic 11%+ rise on news of a potential multi-trillion-dollar economic stimulus package. This was the single biggest daily rally since 1933. At press time, BTC price is attempting to establishing a
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Bitcoin’s recovery from last week's catastrophic drop to $3,700 continued on Tuesday as the digital asset briefly topped $5,500 before pulling back below $5,400. The improvement in the crypto market’s price action appears to have received a boost from today’s White House press conference which saw the U.S. Treasury
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U.S. central bankers pledged Thursday to inject some $1.5 trillion into the financial system in an effort to calm panicky markets after the spreading coronavirus triggered steep price declines on everything from stocks to bitcoin.The move by the Federal Reserve Bank of New York comes as investors in traditional Wall
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Trump’s presidency has been a boon for U.S. tech giants. But Silicon Valley is backing disruptive Democrats by an overwhelming margin. The president’s “MAGA club” is lining up behind Bernie Sanders – not Donald Trump. President Donald Trump has unofficially licensed his MAGA slogan to Silicon Valley’s four most prestigious companies: Amazon, Apple,
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Well this aged awkwardly. Last July, Jim Cramer admitted tech stocks “have some outrageous valuations,” but “it’s not like we’ve gone crazy.” Over the next seven months, the Nasdaq grew 18% – over a trillion dollars. But Jim Cramer is still cautiously bullish today. And most corporate businesses fear a harrowing recession
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Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group.The wealth manager said the cryptocurrency could take away a part of capitalization from all the leading markets. They include gold, shares, fiat, offshore assets, or demonetized store of values like real estates. He added
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