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Rand Corporation Report Finds Bitcoin Is Still The Dark Web’s Preferred Cryptocurrency

A newly-published study from think tank Rand Corporation explored the use of the privacy-centric cryptocurrency Zcash among criminals. Perhaps unsurprisingly, the report found that bitcoin is still king in those circles.As first reported by Forbes, the Electric Coin Company – the company behind Zcash – commissioned the study, which was released on May 6. Zcash […]

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Bitcoin Outperformed Google, Facebook And Apple In Q1 This Year

In the first quarter of 2020—despite a price crash and successive rebound towards the end—Bitcoin outperformed several of the biggest tech firms, including Google, Facebook, and Apple. Last week, FAANG companies–the collective term for Facebook, Apple, Amazon, Netflix and Google–released their first-quarter earnings. Considering the economy and its agents have taken a veritable beating from the […]

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Bitcoin Briefly Hits $9K, Investors Remain Bullish

Bitcoin (BTC) failed to plant a flag above $9,000 early on Tuesday, even as on-chain data suggests spiking investor interest in the top cryptocurrency by market value.  Prices rose to a high of $9,112 at 05:05 UTC, extending a recovery from Monday’s low of $8,528. At press time, the cryptocurrency had dropped back to near $8,850 […]

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First Mover: Amid Economic Meltdown, Bitcoin Is Winning as ‘No Value’ Buffett Eats Crow

Billionaire investor Warren Buffett says he’s having a hard time finding attractive investments as the coronavirus ravages the global economy. Maybe he should take advice from professional crypto investors like Pantera Capital’s Dan Morehead – and reconsider bitcoin. Bitcoin, the cryptocurrency the 89-year-old Buffett described in February as having “no value,” is up 23% this year to […]

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Bitcoin Risks an Abrupt Fall as Trump Threatens Phase One Deal With China

The most profitable asset is always at the risk of becoming the most battered asset. Bitcoin, which is now sitting at 20 percent year-to-date returns, faces a similar threat from traders and investors alike. Its likelihood of suffering an abrupt fall surged after the U.S. started attacking China over the origins of the coronavirus pandemic. US state […]

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Market Wrap: Bitcoin Dips to $8.8K but Optimism Seen Continuing Ahead of Halving

Bitcoin’s trading volume was lower on Monday compared to the latter part of last week but traders appear to be staying optimistic ahead of the expected bitcoin halving next week.  Bitcoin (BTC) was trading down less than 1 percent over 24 hours , with 10-day and 50-day technical indicator moving averages signaling bearish sentiment Monday. In […]

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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 prices jumped to their highest […]

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Trader: Bitcoin’s Current Rally Isn’t Corrective, It’s Impulsive

Is Bitcoin’s current rally just a bull trap, or is it actually headed for the moon? Trader Alessio Rastani and co-founder of Wintermute Trading, Yoann Turpin, explain why Bitcoin’s upward momentum may be impulsive in nature rather than corrective.  Don’t miss the latest episode of Cointelegraph’s crypto market discussions for further analysis of the long term […]

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Why Bitcoin Hit $8k Ahead of FOMC Update, Wiping Out Coronavirus Losses

Bitcoin jumped above $8,000 for the first time in almost two months as investors braced for the Federal Reserve’s views on the health of the U.S. economy. The bitcoin-to-dollar exchanged surged 5.52 percent to top at $8,180 on BitMEX, resuming its uptrend a day after correcting modestly. The pair’s move uphill wiped all the losses incurred […]

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Bitcoin: Not a Safe Haven, but Maybe Something More

Born within a financial meltdown and crisis, Bitcoin (BTC) has found itself again in the role of a proto-savior for the current failings of fiat and national currencies. Those failings namely being that national fiat currencies continue to be printed at a whim when political leaders are caught in a catch-22 between mass poverty and […]

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