Bitcoin and gold are “too speculative” and it’s better for investors to trust the government to pay them back, claims Peter Mallouk. Bitcoin (BTC) is not what young investors should buy after the coronavirus crash, says the man who once said that the biggest cryptocurrency faces an “inevitable death spiral.” Speaking to CNBC on May […]
Continue ReadingMillions more Americans posted unemployment status last week, but does that mean anything for Bitcoin? More than two million Americans requested unemployment compensation for the first time last week, which may or may not affect Bitcoin. Recording its seventh consecutive week of decline, last week hosted 2.44 million new unemployment claims, CNBC said in a […]
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Bitcoin acts as a gateway to altcoins, with only 24% of investors keeping the faith, according to research from Coinbase. Bitcoin (BTC) acts like a gateway down the altcoin rabbit hole, according to new research from Coinbase. The research found that while 60% of users buy Bitcoin as their first cryptocurrency purchase, only 24% of […]
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Institutions continue to show interest in Bitcoin and digital assets amid the third Bitcoin halving, data shows. Having recently gone through the third halving, one of the most important events in the ecosystem, Bitcoin (BTC) continues to establish itself as a new asset class and a worthy contender to gold as a new store of […]
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What seems to be a fresh attempt to sway the Fed to take rates negative saw immediate backlash from sound-money supporters. Bitcoin (BTC) bulls were lambasting United States president Donald Trump this week as he called on the Federal Reserve to tax people’s savings. In a tweet on May 11, Trump renewed pressure on the […]
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Smoother conditions follow Bitcoin’s third block subsidy halving on Monday, but anticipation is building as fiat continues to wane. Bitcoin (BTC) was fighting for $9,000 support on May 12 as more public praise surfaced amid continued dismal conditions for the world economy. Cryptocurrency market daily overview. Source: Coin360 BTC price unmoved by halving Data from […]
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Bitcoin’s price saw wild volatility leading up to the halving. Top crypto traders discuss where the price is likely headed to next. Bitcoin’s (BTC) price has been showing extreme levels of volatility as it consolidates under a key level of $10,000. Previously, the price dropped to as low as $8,100 on May 10, merely a […]
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Bitcoin price action turns volatile once more as daily gains circle 4% despite bad news from traditional markets, which are tipped to open lower. Bitcoin (BTC) returned to $9,000 just hours before the halving on May 11, stepping up efforts to erase the weekend’s big losses. Cryptocurrency market daily overview. Source: Coin360 BTC price hits […]
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BitMEX’s CEO expects that Paul Tudor Jones will bring more big investors to the crypto market by investing in Bitcoin. Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the […]
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Morgan Creek’s CEO said Bitcoin could fly past $100,000 over the next year or so. CEO of capital management giant Morgan Creek, Mark Yusko, said he sees Bitcoin’s (BTC) price shooting up by more than 1,000% as early as next year. If Bitcoin’s market cap achieves the same value as that of gold, Bitcoin could […]
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