After a modest drop of 4.85% between October 1st-3rd, Bitcoin‘s daily chart has registered 9 green candles out of a possible 11 candles in the market. A sense of urgency was attached to Bitcoin’s valuation, as the price reached as high as $11,700 on 12th October. With the jump in valuation, other elements were bidding …
Everything you need to know about Bitcoin’s ‘holy trinity’ Read More »
Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long term HODLers in the process. Bitcoin has been above $10,000 for longer than any time in its history. Its volatility is also at recent historic lows. In this episode, NLW puts this in the context of broader market …
The upcoming U.S. presidential election has become one of the most contentious in history, fraught with searing divisions over everything from the economy to race to the continued health of democracy itself. So it’s not surprising that Wall Street options traders are now pricing in expectations of elevated market volatility around the November election. Analysts for the …
Bitcoin (BTC) could be set for an imminent retracement as the uptrend that had its origins in the Black Thursday crash now looks to be running out of steam. Singapore-based QCP Capital warned its Telegram subscribers Wednesday that bitcoin was showing signs of “lethargy” as it struggled to capture any new highs. Bitcoin fell below …
Bitcoin’s Bull Run is Slowing – Pullback Now Expected Read More »
With Bitcoin breaking $10,000 for the third time this year and going on its maiden big-money move since the halving, prospects are high. Like all moves from four to five figures, this one was initially met with startling enthusiasm. However, given the market we’re in now, how long can the market sustain above $10,000? The …
Blockchain analysis company Elliptic released a report today saying 2.89 bitcoins were sent to an address it believes to be a part of a Wasabi Wallet. According to the report, the funds, which account for 22% of the funds obtained by the Twitter hacker, were sent to a Wasabi Wallet address late Thursday night. Elliptic …
Bitcoin Core contributor Jeremy Rubin has revealed his work on a new smart-contract language for Bitcoin, which he hopes will increase the “financial self-sovereignty” of users. Rubin demoed the new language, Sapio, on Saturday at a RecklessVR meetup presentation in virtual reality, with many audience members joining the talk in VR headsets. He plans to …
This New Coding Language Could Help Unlock Bitcoin’s Smart Contract Potential Read More »
With Bitcoin’s price expectations, there are usually three camps. Well, there’s actually just two, but the third one doesn’t count, because it is filled with level-headed people. There’s one camp, consisting of the John McAfee type or the Peter Schiff type claiming, ‘Bitcoin will inevitably crash and burn.’ While this form of categorization is useful …
Bitcoin’s price expectation depends on how much money you have Read More »
A popular narrative argues the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin. However, that bullish theory, which suggests the cryptocurrency would be viewed as a hedge asset in dire economic times, has been dealt a blow by recent …
A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock Read More »
On 22 June, the President of the United States, Donald J. Trump, hinted that the second round of stimulus payments could be on its way as the U.S economy continues to recover from the pandemic-induced crash. After 27 March’s historic $2.2 trillion stimulus bill, many expected the 2nd stimulus check to have a positive impact …
Bitcoin’s price ‘unlikely’ to rise following 2nd stimulus payments Read More »