Bitcoin (BTC) appears to be in the process of a retrace following a strong rejection from the $14,101 YTD high set last week. Although BTC looks to be handling itself just fine following last week’s rejection, there is still an immense amount of sell pressure weighing on the cryptocurrency over the past few hours. The […]
Bitcoin (BTC) traded this week on a trumped-up momentum, as it recorded multiple 2020 record highs. Interestingly, this bullish performance is happening amid a brutal beating across the equity markets including the Nasdaq 100 (NDX), Dow Jones (DJIA), and S&P 500 (SPX). Cumulatively, the benchmark cryptocurrency has grown by about 4.3% over the week. Although […]
Bitcoin (BTC) is, without a doubt, one of the most revolutionary financial instruments in existence today. One key feature that gives BTC its significant evaluability is its digital, hard-coded scarcity. Considering that there will only ever be 21 million BTCs, it is arguably the hardest form of money on earth. However, according to cryptocurrency expert, […]
Raoul Pal, former fund manager and CEO of Real Vision, opines that the worse of the COVID-19 pandemic is yet to hit the financial markets. Pal believes that when this finally happens, Bitcoin (BTC) will serve as a “life raft” amid the upcoming chaos. The Wall Street veteran took to Twitter to outline the global […]
According to research on cryptocurrency by Grayscale Investment, the number of US-based Bitcoin (BTC) investors is on a steep climb. The popular digital assets manager noted that the COVID-19 pandemic is largely responsible for this increase. The 2020 research, titled “Bitcoin Investor Study,” is geared towards illustrating US investors’ perception of Bitcoin and how it […]
The recent decision by PayPal to integrate Bitcoin (BTC) into its network continues to act as a major attraction for the cryptocurrency to popular individuals. The latest prominent figures to endorse this move are the Head of Facebook Financial, David Marcus, and Social Capital CEO, Chamath Palihapitiya. PayPal recently announced that users of its platform […]
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 […]
