As of late, many people have been questioning whether bitcoin qualifies as a “safe haven” asset. Some say no, considering it was not able to withstand the pressures caused by panic over the coronavirus.The Middle East Sees Bitcoin DifferentlyHowever, it looks like many traders and miners in the Middle East would disagree. Evidence suggests that bitcoin and other forms of crypto qualify as safe havens in these states, given they face tough economic conditions and sanctions brought on by the...
Read More »Are Traders Losing Faith in Bitcoin?
The crashing and burning of bitcoin has left the currency in the dust, and many say they’re losing confidence in the asset, along with the industry that houses it.Bitcoin Has People Questioning Its AbilitiesAt the time of writing, bitcoin has steadied itself somewhat and is trading in the mid-$5,000 range. This is a massive fall from where it was just last month, when it was trading for more than $10,300. For the most part, bitcoin has lost about $3,000 in just the last week alone.The...
Read More »Why Analysts Say Now Is the Time to Purchase Bitcoin
For the past several days, Live Bitcoin News has reported on the fact that bitcoin has entered a freefall that has caused it to lose roughly half its value over the course of a few short weeks.Maybe It’s Time to Buy BitcoinIt’s a scary thought at first, but many analysts and professional traders are telling people that now is the time to get even more involved in the market.At first glance, whenever economic strife hits us, the first instinct for most people is to run away and think about...
Read More »Bitcoin Miners Are Set to Suffer Following Price Drops
The coronavirus has got crypto crashing as of late, but it’s not just the individual coins themselves that are suffering. Miners are also experiencing the harsh realities of a falling industry.Bitcoin Miners Are Likely to Be Hit HardAt the time of writing, bitcoin—the world’s number one cryptocurrency by market cap—is trading for a flimsy $5,300, and even this is nowhere near as low as the number ($4,100) that bitcoin struck during yesterday’s late-night hours. Overall, the asset is down by...
Read More »Bitcoin Has Lost Two Years’ Worth of Gains
It’s scary to think that bitcoin could get any worse at this point, but that’s what’s happening. There’s no beating around the bush; the world’s number one cryptocurrency by market cap is falling hard.Bitcoin Is Heading Further SouthAt the time of writing, the asset is trading in the low $5,000 range – a significant drop from the $5,800-$6,000 we were witnessing just yesterday afternoon. The currency had fallen as low as $4,100 during all this hype and hoopla surrounding the coronavirus and...
Read More »Bitcoin Association Announces Its Second Big Hire This Month
The Bitcoin Association is bringing Alex Spiers onboard as its latest head of communications.The Bitcoin Association Is Busy as of LateSpiers joins the company after serving as the editor-in-chief to the Legal 500’s GC Magazine for more than three years. In addition, he has also served as the editor-in-chief for 2on4 Sports and has worked as a business journalist in New Zealand.In a statement, Spiers expressed his joy over becoming the latest member of the Bitcoin Association:It’s certainly...
Read More »Bitcoin Tanks Hard; Falls to Lowest Point Since Last May
Bitcoin has crashed. There’s no pleasant way of saying it. At the time of writing, the world’s number one cryptocurrency by market cap has fallen into the low $6,000 range for the first time in virtually ten months following increased fear and panic from the coronavirus.Bitcoin Is Dropping FastFollowing news that President Donald Trump has invoked further travel bans to ensure Americans are not exposed any further, global markets everywhere tanked, with the Dow Jones falling another 2,000...
Read More »Bitcoin Options Trading Is At an All-Time High
Bitcoin hasn’t been doing well as of late when it comes to price, but in terms of options trading, things are rising higher than anyone had anticipated.Bitcoin Options Are Getting a Lot of AttentionIt is being reported that trading volumes amongst bitcoin options have broken new records. The total trading volume amongst major platforms – i.e. Bakkt, CME Group, etc. – is just shy of $200 million, thereby breaking the previous all-time high of $171 million set last February by almost $30...
Read More »#832 Bitcoin’s Bullen-Trend ist vorbei, CME Group stoppt Trading und Italien Stillstand
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 832. Heute sprechen wir über folgende Themen: Bitcoin’s Bullen-Trend endet unter $7.700, CME Group stoppt das Trading & Italien steht still. 1.) Bitcoin’s Bullen-Trend endet unter $7.700https://coincierge.de/2020/top-analyst-bitcoins-bullen-trend-endet-unter-7-700/ 2.) CME Group Suspends Trading in Response to Coronavirushttps://cointelegraph.com/news/cme-group-suspends-trading-in-response-to-coronavirus...
Read More »Bitcoin Analysts to Wall Street Players: Chill Out!
Recently, Live Bitcoin News reported that while crypto wasn’t doing so well as of late, stocks, bonds and oil had also taken turns for the worse.Bitcoin Analysts Tell Wall Street to Calm DownWe’ve reached something of a conundrum in that crypto enthusiasts have dealt with hardcore volatility and price swings in the past and are less likely to “freak out” when something big happens. Wall Street, however, still shows signs of concern whenever the markets don’t do well.Today, bitcoin and crypto...
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