Despite the relative quietness of the equity markets, the Bitcoin (BTC) market has been very eventful. The benchmark cryptocurrency has gained more than 70% over the past five weeks, while stock indexes like the S&P 500 have only recorded meager gains in the same period. The price dynamics in BTC against other assets have spurred […]
Bitcoin (BTC) continues on a strong upwards trajectory for the seventh consecutive week now, defying all odds and market norms. At this point, one could say that the cryptocurrency has reentered a “price discovery” mode again after three years. However, even if that isn’t the case, this prevailing bull rally has brought the benchmark cryptocurrency […]
After an epic surge that caused it to rally close to its all-time high yesterday, Bitcoin (BTC) is starting to show signs of a slow down. Although BTC appears to have entered a consolidation, there is still the likelihood that the cryptocurrency could see a fresh leg up. However, there is also the likelihood of […]
The past 24 hours have been nothing short of a roller coaster ride for Bitcoin (BTC). The benchmark cryptocurrency was trading at $16,600 yesterday before carrying out what many believed to be a significant rally to the $17,850 area. At that time, this price point became the new year-to-date high. As impressive as this move […]
Bitcoin (BTC) has marked the end of an era, as the benchmark cryptocurrency closes the door to its recent multi-year bear market and aims for a new all-time high. BTC is now on the brink of breaking the $18,000 psychological resistance, with bulls dramatically destroying every pre-existing key resistance level. The cryptocurrency has now been […]
The iGaming industry has historically been plagued by security concerns and inconvenient transactions thanks to constant monitoring by the government. Cryptocurrencies have eased the situation, enhancing the popularity of online gambling over the years. Online gambling in the USA peaked during 2003 with the popularity of WSOP. However, the boom was short-lived as the government […]
Bitcoin was a little more than an experiment when launched at the peak of the US financial crisis of 2008. The currency was a new form of a digital asset with no central governing authority or regulator. Instead, BTC relied entirely on a distributed ledger system and a network of peers in charge of keeping […]
Bitcoin (BTC) remains unrelenting in its quest to retake its all-time high. The benchmark cryptocurrency has recorded a new YTD high on the back of some positive news in the race to develop a COVID-19 vaccine. Earlier today, Moderna Therapeutics (NASDAQ: MRNA), one of the leading global pharmaceutical companies, reported that its Coronavirus vaccine candidate […]
It has been seven months since the government of the United States disbursed its first round of stimulus checks worth $1,200 to millions of citizens. That amount, if put into Bitcoin, would be worth about $3,000 today, unlike the dollar. Most of the stable economies opted for stimulus packages for its citizens as a means […]
