If you think that the turmoil in Iran and the rest of the Middle East has nothing to do with bitcoin, think again. The king of cryptocurrencies has traded bullishly ever since the conflict between the U.S. and Iran started. bitcoin has pushed higher each time tensions were heightened. Continue reading Tensions In Iran Acting As a Catalyst to a New Bitcoin All-Time High
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Bloomberg Says Bitcoin Will Hit $14,000 in 2020 Thanks to Gold
Bitcoin is going to boom this year. That’s the verdict, according to Bloomberg’s crypto’s outlook for 2020. Within the recently published report, Bloomberg market analyst Mike Mcglone outlines exactly how BTC can attain its 2019 high. Spoiler alert: it’s mostly to do with a correlation to gold. Continue reading Bloomberg Says Bitcoin Will Hit $14,000 in 2020 Thanks to Gold
Crypto’s Richest 1% Fail to Hoard a Whole Lot of Bitcoin
When contemplating crypto whales, the knee jerk reaction is to automatically think, “lotsa bitcoin;” However, according to statistics from Intotheblock—a crypto intelligence company—BTC ownership may actually be less concentrated than most altcoins. Continue reading Crypto’s Richest 1% Fail to Hoard a Whole Lot of Bitcoin
Bitcoin Price Flash Crashes to $6,900 as Non-Correlation Tests Hodlers’ Patience
The price of bitcoin tumbled to fresh multi-week lows on Thursday, as the largest cryptocurrency continued to trade independently of broader market forces. The fresh dump came as central-bank liquidity fueled strong rallies in stocks, gold and the U.S. dollar. Continue reading Bitcoin Price Flash Crashes to $6,900 as Non-Correlation Tests Hodlers’ Patience
How Stocks, Oil, Gold, & Bitcoin Reacted to Trump’s Airstrike on Soleimani
When US President Donald Trump ordered an airstrike that killed Iranian general Qassem Soleimani, he also unleashed a shockwave through global financial markets. Major stock indices cratered as investors fled into safe-haven assets like gold, and oil prices spiked on fears of Iranian retaliation. Continue reading How Stocks, Oil, Gold, & Bitcoin Reacted to Trump’s Airstrike on Soleimani