When it comes to Bitcoin (BTC-USD) on SeekingAlpha, only seven articles since the end of 2018 have been bearish.We are joining that select company because we are in the camp that believes that Bitcoin is literally vapor.One of the primary arguments in favor of Bitcoin is that it will one day replace fiat currency.We believe […]
Bitcoin is facing a strong resistance near the $7,000 level against the US Dollar. BTC price is likely forming a double top pattern near the $7,000 level and it could dive below $6,400.Bitcoin is forming a bearish breakdown structure below $7,000 against the US Dollar.A double top pattern is forming with resistance near $7,000 and […]
With global markets tumbling out of control, will Bitcoin finally fulfill its role as a hedge asset? Is now a good time to invest in Bitcoin?CEO and co-founder of Quantum Economics Mati Greenspan and trader Michaël van de Poppe discuss how the Fed’s strategy of ‘QE to Infinity’ will help Bitcoin finally become a safe […]
Bitcoin’s price is down over 35% from its peak in February 2020. This decrease has adversely impacted mining profitability, forcing some farms to take their hardware offline. Mining difficulty has since dropped 16%, offering solace to Bitcoin miners. Miners Adjust After Price CrashBitcoin’s mining difficulty has been steadily increasing since 2013. Mining farms have been aggressively […]
How do altcoins compared with bitcoin, after the outbreak of the corona virus? One of the best ways to find out is to take a look at the power of bitcoin is in the cryptomarkt. The bitcoin’s dominance is the percentage of the total fair market value of a bitcoin in comparison to the whole […]
Bitcoin price has jumped over 15% during the last 24 hours, currently trading above $6,700. Here are three main reasons behind the surge:CONGRESS DISCUSS DIGITAL DOLLAR BY FED TO FIGHT CRISISHouse Democrats proposed two bills that revolve around the creation of a digital dollar and digital wallets, so that the Federal Reserve (Fed) could transfer […]
After the market storms of the past couple of weeks, we could all use some (relatively) good news. And it’s this: Storms bring destruction but also clarity.As I write, bitcoin (BTC) is bouncing, but who knows what wild swings it will have gone through by the time this is published? So, bitcoin’s price is not […]
Phemex, a cryptocurrency derivatives exchange, has added a gold/USD trading pair. This move opens the door for Bitcoin traders to take advantage of declining gold prices. It is also a further step in the maturation of the crypto market.BITCOIN TRADERS WANT A GOLD OPTIONJosh Rager, co-founder of Blockroots, made the announcement on Twitter:Now you can […]
Bitcoin resumed its roller-coaster rally even as the worsening Coronovirus pandemic discouraged investors from holding risky assets.The benchmark cryptocurrency jumped 29.11 percent in the last 24 hours, hitting a new weekly high of $6,900 on Coinbase. The move uphill came after last week’s erratic sell-off that crashed bitcoin from $7,969 to as low as $3,858. […]
After rallying 21.6% to a new seven-day high at $6,375, Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200. The digital asset has made an impressive 66% recovery since dropping to $3,775 on March 13, and the majority of altcoins are also notching double-digit gains. But how much longer can the […]
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