Taking U.S. dollar devaluation into account, gold has still not reached the all-time price high it set in 1980. Gold bug and Bitcoin skeptic Peter Schiff was just 17 years old when the yellow metal set its true all-time price high. Meanwhile, Bitcoin (BTC), a much younger asset, sits close to its inflation-adjusted all-time high after […]
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Q3 was a tough quarter for mining rig manufacturers as the impact of COVID-19 continued to weigh. The stock of one of China’s “big 3” mining firms is in free fall Monday after reporting another quarterly loss, underscoring the operating challenges imposed by COVID-19. Canaan Creative, which manufactures mining rigs, released its third-quarter financial results […]
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A likely “stop-loss run” triggers a one-minute candle to more than $3,000 lower than Bitcoin spot price before a rebound, in extreme volatility. Bitcoin (BTC) reached a new all-time high on various exchanges on Nov. 30, but one record, in particular, hit the headlines for a different reason. Data from cryptocurrency exchange Kraken shows BTC/USD […]
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He believes that investors will eventually send Bitcoin’s price over $500,000. Not one to mince words, Winklevoss reportedly told the business network that “cash is trash.” In his view, it’s only a matter of time before investors dump the dollar and other fiat currencies for BTC: “At some point, it is hard to look at those […]
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Cybercriminals may favor a different cryptocurrency in the coming months, however. Cryptocurrency-related fraud and theft are likely to grow in the post-COVID-19 world, according to a new report by cybersecurity and anti-virus provider, Kaspersky Lab. Securelist, Kaspersky’s cyberthreat research arm, published a report on cyberthreats to financial organizations, forecasting some specific types of financial attacks […]
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The concept of a DeFi ETF sounds promising, but it’s not without pitfalls. Index investing in the stock market has become extremely popular thanks to the proliferation of exchange-traded funds, or ETFs, which often track popular market indices like the S&P 500 or the Nasdaq-100. Investing in the entire market can be a simple but […]
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Despite 15% gains coming during a weekend, Monday simply delivers more of the same upside for Bitcoin prior to the Wall Street opening. Bitcoin (BTC) returned to $19,000 on Nov. 30 as a weekend surge continued to produce fresh gains for investors and hodlers. BTC price up 18% against weekly lows Data from Cointelegraph Markets […]
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Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors. The ongoing Bitcoin (BTC) rally has primarily been driven by institutions, analysts say, with metrics such as CME’s open interest and Grayscale’s assets under management (AUM), supporting this narrative. At the same time, the gold market has seen large outflows […]
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Bitcoin recovers above $18,500 over the weekend, but the giant BTC futures gap that has now emerged may trigger yet another pullback. Bitcoin (BTC) is back this week as a rebound takes the largest cryptocurrency ever closer to new all-time highs — what’s in store? Cointelegraph takes a look what could move Bitcoin markets in […]
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After a week of gloomy headlines and a brutal price dip, traders would do well to think long term. In the midst of the crippling price dips earlier this week, cryptocurrency traders seemed beset on all sides by fear, uncertainty, and doubt. However, Dermot McGrath, head of research at blockchain investment firm Sino Global Capital, […]
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