Ever since Facebook publicized its plans to develop a digital currency called Libra, central banks across the globe have tried to counter it with their cryptocurrency. While Facebook’s Libra has come under heavy scrutiny and regulatory obstacles, more than 80% of the world’s central banks are working assiduously to develop a central bank digital currency […]
The week was a very eventful week for the cryptocurrency industry, with Bitcoin (BTC) recording a new YTD high above the $13k mark. Meanwhile, the whole cryptocurrency market grew by about $40 billion over the past seven days. The major catalyst for this disruptive move was an announcement from Paypal. The payment services provider announced […]
Bitcoin (BTC) has, by some stroke of luck, avoided all three unfilled CME gaps this week and has gone on to record its highest level since July 10, 2019, at $13,261. The main catalysts for the one-of-a-kind bull rally was the announcement made by Paypal yesterday, stating the payment solution behemoth’s plan to begin facilitating […]
The newly found bullish momentum in Bitcoin (BTC) has been unrelenting over the past few days. The benchmark cryptocurrency has grown by about $2,500 since its monthly low at $10,377. All through sep[tember, BTC traded on a directionless bias. At some point, analysts worried that the price could fall sharply to fill the (still unfilled) […]
Bitcoin (BTC) appears to have fully recovered, following yesterday’s break above $11,600. The recent surge occurred in tandem with the opening of the US trading markets for the new week and facilitated an inflow of $6 billion into the crypto space within a few hours. The sharp rally has caused yet another gap on the […]
Bitcoin (BTC) has finally made a come back above $11,800 after several days of stagnation. The price has since retraced a little to the upper-$11,600 area. Nonetheless, the recent spike has quelled fears of the CME gap at $11,100 getting filled in the near-term. BTC is now trading about $800 away from its $12,500 YTD […]
Although Bitcoin has been trading with intense volatility over the past few weeks, it appears to be flat on a macro scale. The benchmark cryptocurrency has been trading within the same $3,000 range for the past five months. This has caused its macro volatility indicators to fall to record lows. A well-known volatility analyst, Mohit […]
Bitcoin (BTC) traded through the week on strong bullish momentum. However, this momentum has recently been opposed by two major catalysts including an OKEx saga and an unfilled CME gap. The founder of OKEx, Mingxing Xu, was recently arrested in China and is being questioned. With Xu in police custody, the platform, which hollies over […]
Bitcoin (BTC) traded lower on Thursday, as hopes for an additional round of stimulus measures in the US dwindled, and a resurgence of Coronavirus infections was recorded in Europe and the US, further erasing hopes of a global economic recovery. Meanwhile, the major cause of the recent dip was the strong pick up in the […]
