Bitcoin displayed its “Lazarus-like” character once again, rising from apparent death and going on the attack with bulls leading the way. The current target of $12,000 is within reach, even though a majority of analysts keep expecting a correction to be in the immediate vicinity. BTC had been trading sideways for three days, dipping and…
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Second quarter data is now in the history books, and the analysts at Binance Research have determined that existing correlations that have been prevalent in the crypto industry for the past few years are now in decline. Binance Research, a division of the world’s largest and popular Binance exchange, provides in-depth analysis and data-driven insights…
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Bitcoin has been used for almost all kinds of online and offline transactions: from buying coffee and pizza to cars. Now, this brewery allows people to invest in the business through bitcoin. BrewDog is a Scotland-based brewery that recently announced that it will extend its crowdfunding round in something called “Equity for Punks”. The round…
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It is a week for holiday travel in the United States, as its Independence Day falls on a Thursday. Since the majority of “non-fake” Bitcoin volume tends to be U.S.-centric, analysts are quick to note any variations that may occur when analysts and traders alike are taking time off to travel to see family or…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 3, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Lagarde to the ECB Physical & Digital Gold Bounce off 10k Please note: All data, figures &…
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Critics of Bitcoin have often pointed to its price volatility as an issue and reason why it could never be considered a secure “store of value”, but a Wall Street veteran of 22 years, Caitlin Long, has built an intellectual argument, which posits that, by design, the world’s favorite cryptocurrency provides systemic stability versus price…
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After rocketing toward $14,000, Bitcoin is now struggling to find support at the $10,000 level. It fell below this important benchmark for a short period, but has now rebounded back to the $10,600 plateau. Several noteworthy analysts predicted that a test of this territory had been missed weeks back and might occur, but others have…
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The latest five-month Bitcoin rally has been as amazing as it has been confusing. Yes, BTC has posted positive gains for five months in a row, only the second time it has achieved this milestone since mid-2017. In just this past week, it has blown past $11,000 in a heartbeat, then it threatened to overtake…
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Bitcoin’s recent display of stable pricing behavior has given way in the past week to turbulent times, once again. Investors are witnessing the volatility to which they had become very accustomed, but just as violent swings in value became the norm, the world’s favorite cryptocurrency has slowly but surely regained its dominance in the crypto…
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Bitcoin is rising, no doubt about that. The “people’s currency”is moving fast above the $10,000 mark, currently trading at around $11,000 at the time of this writing. However, while the price of Bitcoin is rising, this does not point to any real development of the currency or the future evolvement of digital coins. The price…
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