blockchain

Bitcoin Correlation With US Dollar Reaches a New Low Owing to Recent Printing Spree

Bitcoin bounced back strongly today after a record price crash of more than $10,000 on Monday. The top cryptocurrency is currently trading above $38,000 and looking to reclaim its position above $41,000. At the start of 2020 bitcoin was struggling to keep its position above $10k and had a strong co-relation with S&P 500 leading
The post Bitcoin Correlation With US Dollar Reaches a New Low Owing to Recent Printing Spree appeared first on Coingape. …

blockchain

Bitcoin faces uncertainty of “tapering”, hints Fed Chair

TL;DR Breakdown Experts say that Bitcoin bubble is soon going to burst as it’s unsustainable in the near term. The Federal Reserve has hinted of a possible “tapering” which can lead to Bitcoin plummeting. On the other hand, rollback from the Fed is unlikely as this would cripple the economy. Bitcoin has nearly quadrupled over […] …

blockchain

Nouriel “Dr. Doom” Roubini admits Bitcoin is a “partial” store of value

One of the most staunch critics of Bitcoin over the past few years has been Nouriel “Doctor Doom” Roubini.
The post Nouriel “Dr. Doom” Roubini admits Bitcoin is a “partial” store of value appeared first on CryptoSlate. …

blockchain

Story of a Safe Haven: Why Investors Flock to Gold During a Recession

In the last 50 years, gold has climbed from $410 an ounce up to around $1,900 an ounce today and has earned a reputation as one of the most reliable investment assets. Although gold is rapidly growing in popularity among investors, during times of a recession, its popularity tends to skyrocket — and it’s not […]
The post Story of a Safe Haven: Why Investors Flock to Gold During a Recession appeared first on CryptoPotato. …

blockchain

How Will the US Election Affect the Markets? Join $2000 SimpleFX Trading Cup

Everyone expects a bumpy ride toward the US presidential election this year. On November 3, the people will choose who will lift the pandemic-ravaged economy. Generally, a pump in volatility occurs during election years, and this presents plenty of profit opportunities for margin traders. Join the $2000 SimpleFX US Election Trading Cup and ride the […] …

blockchain

Why Staking Crypto such as TRX, KAVA and more is Gathering Steam

In brief: The Coronavirus crash of mid-March has resulted in a lot of crypto traders being cautious.  The dominance of stablecoins is proof that they are waiting for favorable crypto conditions to get back to trading.  Staking crypto on the various exchanges has provided an alternative to trading and/or storing value in stablecoins.  The Bitcoin (BTC) and crypto market crash of mid-March was one event that not too many traders believed would happen. The majority of Bitcoin enthusiasts believed that […] …