Friday, May 14, 2021
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Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally

Bitcoin’s price has nearly doubled in the past eight weeks, as several major publicly listed companies bought the cryptocurrency to hedge against an inflation-led decline in the value of their cash holdings.Hedging demand for the cryptocurrency may now be set to rise further, with expectations for long-term inflation reaching 19-month

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Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment

Bad U.S. jobless data pulled markets lower Thursday, affecting even bitcoin. But there may be a silver lining for the cryptocurrency.At press time, the world’s largest cryptocurrency was up just 1% over 24 hours at $8,864, with 10-day and 50-day technical indicator moving averages converging, thus signaling sideways sentiment. After bitcoin

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Bitcoin Adoption in Lebanon Increases Amidst Worsening Economic Situation

As the current financial crisis rocking Lebanon continues to intensify, Lebanese citizens are increasingly looking to bitcoin to escape the country’s crippling economic situation. Lebanon joins the list of countries whose citizens have turned to the top cryptocurrency to counter the financial crisis.  Bitcoin Gives ‘Financial Freedom’ Lebanon’s financial situation has continued

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Worsening US-China Trade War Is Behind BTC Price Rise, Digital Currency Group CEO Claims

The CEO of a cryptocurrency firm has suggested that the recent rise in bitcoin’s (BTC) price could be linked to the trade war between China and the United States, Fortune reported on May 20.In an interview, Digital Currency Group founder Barry Silbert noted how BTC’s acceleration coincided with talks breaking down between Beijing and

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