Bitcoin (BTC) is having a field day as it seems to be enjoying the outbreak of the deadly coronavirus. As fear and uncertainty because of the virus continue to spread, the adverse effects are being felt by several businesses. The world’s financial markets also suffered a crash and even oil stocks are continuously crashing. However, the Bitcoin network is experiencing the direct opposite.Bitcoin and the CoronavirusThe relationship between Bitcoin and the coronavirus is a very interesting one....
Read More »Bitcoin Price Is Around $9,300 while Bitcoin Halving Is Just 98 Days Away
It is most likely that Bitcoin will gain from a rapid drop in Asian stock markets due to the coronavirus menace. Crypto analysts believe that the flagship token will gain soon. Apart from that, the halving event is fast-approaching. Bitcoin is less than 99 days away from its halving event. Most of the market commentators are bullish on its impact.Bitcoin price smashed the $9,600 hurdle for the first time since November 2019. Nonetheless, the weekend session was also dominated by significant...
Read More »Businesses in China Turn to Remote Work as Coronavirus Outbreak Forces People Indoors
The coronavirus has had an unignorable effect not just in China but also in the rest of the world. Apart from stock markets that are taking a plunge, just the fear alone is creating major problems. Interestingly, one major effect of the coronavirus outbreak is that many more companies are slowly transitioning, or at least experimenting with remote work. Working from home now seems like the only option for these businesses.Remote Work Effect of the CoronavirusWhen the outbreak initially began...
Read More »Bitcoin Price Positively Reacts to Asia Stocks Crash amid Coronavirus
Most of the cryptos grew on Monday amid terrible trading in Asia. After the extended Chinese New Year shutdown, mainland markets finally opened for trading. However, it was not going as it was expected.Bitcoin price was rising as well. However, at the time of writing, it was falling 0.43% to $9,347.Major stock markets in the Asia-Pacific region tumbled by the most since an equity bubble burst in 2015. They resumed trading Monday, in the first opportunity for many investors in China to react...
Read More »Bitcoin Price Has the Best January in 7 Years as BTC Halving Is Getting Closer
Bitcoin price has risen to new monthly highs. The price made a historic jump in January. It has risen about 10% this week alone and about 30% since December. Recent data points to the Bitcoin price rise to current levels from $7,208 at the end of 2019. Now the coin is trading around $9,395. This coincides with a similar rally in January 2013. Bitcoin prices rose by 54.5% then. A pattern for Bitcoin prices may be emerging. Based on past performances of the digital asset, prices may be set for...
Read More »Twitter’s Bitcoin Emoji Excites Crypto Community
Twitter’s Bitcoin emoji has been introduced. This has generated lots of excitement within the crypto space. Twitter’s cryptocurrency community has been on fire as the Bitcoin symbol has been trending. However, it could have been rather expectable. Twitter’s CEO Jack Dorsey has been known to be a Bitcoin fan for many years now. His recent tweet has got a lot of positive feedbacks.#bitcoin cc:@unicode— jack ??? (@jack) February 2, 2020The Bitcoin symbol was approved as a Unicode symbol in 2017....
Read More »Tesla Stock Outperforms Bitcoin as It Gains 10% after Impressive Earnings Report
Tesla stock is beating Bitcoin – and when we say “beating” we mean it. Bitcoin investors are surely not happy with this fact that Tesla is outperforming Bitcoin (except if they didn’t invest in Tesla as well). If we look at the exact figures starting from January 1, the Bitcoin price rose around 30% while Tesla went 38% up.New Record – AgainTesla stock wasn’t like this all the time. Just for the reminder, in November, when the famous Cybertruck was revealed (and smashed, but hey every PR is a...
Read More »John Bollinger: The Bitcoin Bear Reversal Is Not Quite Complete
As we’ve been witnessing since the beginning of January, bitcoin has been on a very serious roll. It’s shot up nearly $3,000 at the time of writing, beginning the month at a measly $6,900 and then firing up to approximately $9,300.Bitcoin May Not Be Out of the Dark Just YetWhy then, are there certain individuals afoot who still don’t think the currency is in great shape? While they acknowledge that bitcoin is doing well and potentially picking itself up out of the doldrums it experienced at...
Read More »Bitcoin Continues to Surge; Will It Hit the Five-Figure Range?
Bitcoin is continuing to surge and has surpassed the $9,300 mark in another big jump.Bitcoin Is Surging to November NumbersMany are wondering if $10,000 is around the corner. According to some analysts, the answer is “yes.” Bitcoin and gold are continuing their incessant jumps and don’t appear to be stopping anytime soon, and some argue that the currency could hit the five-figure range in the immediate future.One such person is Adam Vettese, a market analyst at popular crypto exchange e-Toro....
Read More »Bitcoin of 2020: On the Rise, Better Established, and Much More Stable
Why Bitcoin is Continuing to Climb, from More Solid Ground Than EverLast night saw Bitcoin once again soaring up the market, with a 6% increase over the course of three hours. This continues a fantastic start to the year for the world’s largest decentralized currency, which is up 30% since January 1st, and pulling along with it several other primary cryptocurrencies, including Ether, Litecoin, Ripple and Dash.A Significant Moment for BitcoinJanuary 2020 is certainly proving highly...
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