Plunging oil price presents an unexpected risk to the crypto market in April

The oil price is plummeting rapidly, dropping to as low as $5 in Canada. The dumping of additional supply by Saudi Arabia and Russia is expected to rattle the oil market further in April, which may cause high-risk assets including stocks and crypto to drop off. Over the next several weeks, JPMorgan expects oil-rich sovereign […]
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The Fed just gave crypto a critical lifeline by doing this, and Bitcoin is strongly reacting

The Federal Reserve is taking a stronger approach than it did during the 2008 financial crisis to slow down the downtrend of the U.S. economy. The crypto market has been rallying in tandem with U.S. stock market futures, reducing fear in the market for the first time since early March. The Fed will be able […]
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Bitcoin price flash spiked 13% in 1 hour, but top traders think it’s a “fake” rally

The Bitcoin price increased from $5,850 to $6,640 on major cryptocurrency exchanges in a 13 percent rally within an hour. But, top traders are convinced it is a fake-out before a bearish continuation. The abrupt spike in the Bitcoin price coincided with the Federal Reserve’s aggressive fiscal policy and its decision to acquire as many […]
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Binance stablecoin’s exponential growth shows crypto investors are flocking for safety

Binance’s BUSD has become the fifth largest stablecoin by market capitalization, as investors flock to stablecoins for safety amidst extreme volatility in both the crypto and global financial market. Two weeks ago, $BUSD ranked 6th in market cap for the stablecoin market. As of today, BUSD is now in the top 5, and is closing […]
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Bitcoin hashrate barely dropped price crash to $3,600: here’s why it’s a positive sign

The hashrate of the Bitcoin blockchain network barely flinched as the price of BTC plummeted to $3,600, by around 50 percent within a 24-hour span. It may indicate that big mining firms have not capitulated amidst the drop, going in line with theories put out by respected industry executives. What’s the theory? and is Bitcoin […]
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Crypto Industry Faced With Dilemma As 50% Drop Scares Away Potential Investors

In light of the recent massacre that was yesterday’s market, where stocks went into irrefutable bear territory, and the crypto industry witnessed the worst daily […]
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Bitcoin isn’t out of the woods yet despite Friday’s stock market rally

The turbulence seen within the stock market over the past several weeks has sent shockwaves across virtually all markets, leading Bitcoin and other digital assets to post unprecedented losses throughout the past several days and weeks. This intense global downturn has been fueled by the Coronavirus pandemic, which has struck fear into the hearts of […]
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How Bitcoin Wins From Central Bank Missteps And A Looming Recession

Wow. Bitcoin fell to $3,987 on Bitfinex for one of the fastest and deepest declines in its history, with 50% wiped off its value in […]
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Bitcoin Evaporated 30 Billion Market Cap. amid Coronavirus Pandemic and Bearish Economic Outlook

There’s a sea of Red for stocks and cryptocurrencies this week. Bitcoin has dipped below USD $6000 for the first time since May 2019. The selloff of cryptocurrencies has extended to altcoins which the price of Ethereum and Bitcoin SV have dropped 30% and 40% respectively. …

Bitcoin Crashes – How The Price Bottoms When Countries Start To Fail

Never mind equities – when/where is bitcoin going to bottom? With the bitcoin price languishing just above $6,000, it wasn’t meant to be like this. […]
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Ethereum is down 27% in 4 days: here’s why it’s crashing harder than other cryptocurrencies

Ethereum has consistently been the best performing cryptocurrency in the first two months of 2020. It surged by 127 percent from January 1 to the highest point of the year on February 15, after a lackluster year in 2019. Yet, in the last 4 days, the price of Ethereum has fallen by more than 27 […]
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Non-custodial crypto exchange Synthetix is preparing to offer derivatives trading on Ethereum

Non-custodial crypto exchange Synthetix, which is built on the Ethereum blockchain, is planning to add several new features to its platform, including derivatives trading.
The post Non-custodial crypto exchange Synthetix is preparing to offer derivatives trading on Ethereum appeared first on The Block. …

Dow futures drops 700 points at day’s lowest point, leaving Bitcoin vulnerable to a correction

Dow Futures indicate that the Dow Jones Industrial Average (DJIA) is set to fall at open, following a strong recovery on March 10. The sell-off in the U.S. equities market puts Bitcoin at risk of a further pullback. Bitcoin on track for three consecutive weeks of steep sell-off Since the last week of February, the […]
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Dow futures drops 700 points at day’s lowest point, leaving Bitcoin vulnerable to a correction

Dow Futures indicate that the Dow Jones Industrial Average (DJIA) is set to fall at open, following a strong recovery on March 10. The sell-off in the U.S. equities market puts Bitcoin at risk of a further pullback. Bitcoin on track for three consecutive weeks of steep sell-off Since the last week of February, the […]
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