Recent security incidents in several coal mines in China appear to have had a ripple effect on bitcoin’s mining hash rate. Over the past two weeks, there have been three security accidents in coal mines in China’s Shanxi, Guizhou and Xinjiang provinces due to gas explosion and flooding, according to Chinese state media Xinhua. The …
China coal mine accidents may be behind bitcoin’s hash rate drop Read More »
Bitcoin’s latest price rally may be short-lived according to on-chain analysis and increasing selling pressure across exchanges. However, altcoins in the top-50 are well above their average prices over the past week, especially in light of the increasing demand on spot exchanges. Among these rallying alts, NFT tokens have done extremely well too. Ergo, the …
Why Bitcoin’s price rally is killing the buzz of NFT tokens CHZ, ENJ, FLOW Read More »
Earlier today, investment banking company Morgan Stanley filed multiple institutional funds that may gain exposure to Bitcoin especially through shares of Grayscale’s Bitcoin Trust or cash-settled futures. Recently, Goldman Sachs said it was planning to launch investment offerings in the crypto asset class in the second quarter. What these new developments prove is that bitcoin …
XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin’s (non)security status Read More »
Tesla’s decision to buy $1.5 billion worth of Bitcoin had a ripple effect across the crypto-market. Not only did the same precipitate a huge surge in the cumulative market cap of the sector, but it also catalyzed institutional and financial interest, with many firms around the world taking the lead in embracing Bitcoin. However, it …
FOMO Alert! Bitcoin’s performance forces Norwegian tycoon to make a U-turn Read More »
At the time of writing, Bitcoin was trading around the $50,000-level, with the crypto-asset on the road to recovery following the market-wide depreciation on the 23rd of February. Now, the price drop was largely due to miner inflows, stablecoin inflows, and activity on Bitcoin’s network. However, what often gets forgotten is the fact that activity …
After bitcoin’s price fell from its highs above $40,000 this past weekend, investors were left arguing about whether that drop to almost $30,000 was an inevitable market correction or a sign of something more sinister. Indeed, liquidations across futures venues soared to more than $3 billion as crypto exchange Coinbase reported persistent technical issues. But Galaxy …
‘This is not November 2017’ says Mike Novogratz on bitcoin’s price gyrations Read More »
Bitcoin’s price jump has inched its market capitalization closer to that of gold — some 6.8% as of January 8, according to data collected by The Block Research. To be sure, the best-guess market cap of all mined gold — an estimated $10.6 trillion, per Gold.org (GoldHub) — dwarfs the market capitalization of bitcoin, which …
Bitcoin’s market capitalization is nearly 7% that of gold, according to one estimate Read More »
Senior commodity strategist for Bloomberg Intelligence, Mike McGlone stated today that Bitcoin’s price has the potential to reach $50,000 and that prospects of the digital asset to revisit old highs around $20,000, were diminishing for Bitcoin. The analyst took to Twitter on 7 January and also said that Bitcoin may be a better asset to …
After $40K, this strategist is sure Bitcoin’s $50K milestone is within reach Read More »
Bitcoin’s improving valuation is currently being matched by the scale of activity in the market. Multiple metrics are indicating change and there is a sense of urgency in the digital asset industry. While every part of Bitcoin’s landscape seems positive at the moment, it is becoming a little tricky to evaluate implications that may manifest …
What you should know about Bitcoin’s growing 1000+ club Read More »
Earlier this week, JPMorgan published a global markets strategy note that points out that money has flowed out of gold and into bitcoin since October, and predicts that this trend will continue over the medium to longer term. The easy conclusion is that investors are finally understanding that bitcoin is a superior future store of …
Bitcoin’s Relationship With Gold Is More Complicated Than It Looks Read More »