Tag Archives: btcusd

Bitcoin price recovery from last week’s catastrophic drop to $3,700 is still on as it tops $5,500 before pulling back below $5,200 partially driven by a boost from the reports that Trump Administration would support a $1 trillion coronavirus package.Nowadays we can read all about Bitcoin being “safe haven” in cases of emergencies, wars, unstable currencies, etc.However, nobody thought that an epidemic can become a “black swan” in such short notice. We had a big financial crisis back in 2008...

Peter Brandt, Bitcoin Halving and Coronavirus: is a famous trader and Bitcoin bear right about price fall? No matter what, he wants to convince you that Bitcoin is set to collapse. Recently, he said that Bitcoin can dive under $1,000, and here are some of his new thoughts.Peter Brandt broke forth into a series of hot Twitter posts, claiming that the Bitcoin halving, coming in 55 days, is irrelevant. He claims that the real Bitcoin‘s supply is its daily trading volume. So, the reduction of the...

While the US stock market saw its steepest one-day sell-off since Black Monday in 1987, Bitcoin saw its steepest one-day sell-off in its ten-year history, just a few days before.But don’t worry, that was institutional money running from everything Thursday. Of course, it ran from the risky cryptocurrency industry. Don’t forget that institutional investors getting into Bitcoin was a massive driver of its price growth over 2019. So Bitcoin just lost a bunch of people who don’t believe in it–...

At the beginning of 2019 around $1.92 million of ETH was locked into DeFi, by the end of the year, this had risen to almost $3 million in Ethereum.Launched in 2015, the cryptocurrency Ethereum (ETH) is the go-to digital currency for smart contracts. While cryptocurrencies such as Bitcoin are used to transfer currency from one person to another, Ethereum can be described as highly programmable digital transactions that take place when certain conditions are met.It has a current circulating...

Market analysts claim that Bitcoin price could return to $14,000 levels because halving is as unstoppable as coronavirus and causes an increase in Bitcoin’s scarcity.At the time of writing, Bitcoin price was reaching $5,300 levels, which means that the possible bull trend is near the next corner while teh next halving is getting closer. The sole fact that Bitcoin had survived Monday’s Wall Street opening and the red stock market, means it’s not all bad for crypto. Indeed, during the panic,...

Bitcoin price doesn’t look very optimistic now as it is below $5,000 again. However, just recently after the news about the rate cut from teh Fed, it was gaining massively.Bitcoin price went up after the U.S. Fed announced a massive rate cut. Sources say that this occurred late on Sunday as global economies were still reeling from the effects of the COVID-19 situation. It also reportedly came with a $700 billion stimulus program to protect the U.S. economy from the effects of a global...

Previously, the target range of the interest rate varied from 1% to 1.25%. Now the benchmark for both short-term lending for financial institutions and a peg to consumer rates will be targeted at 0% to 0.25%. Dow Futures lost 1,000 points.Yesterday evening, U.S. stock futures plummeted by 5%. Dow futures plunged 1,041 points or about 4.5%. S&P 500 futures closed down about 4.8%, while Nasdaq futures were down 4.5%. The drop followed the initiative of the U.S. Federal Reserve.On Sunday,...

Bitcoin and S&P 500 Price Index correlation proves that cryptos and stocks have one thing in common – the American retail investors and corporation bosses. This week is one of the most dangerous in the last 11 years, as the corporate and personal income melts amid coronavirus preparations.People see what happens in Italy and rush to the supermarkets to buy tons of food, supplies, toilet paper and so on. The shares and stocks lost another part of their value, and cryptocurrencies received...

The Federal Reserve made an unexpected announcement at 5 PM U.S. Time Sunday afternoon. Along with another $700 billion immediate injections – $500 billion in treasuries and $200 billion in mortgage-back securities, the Fed is cutting the rate to zero.Donald Trump fires all the guns he has at an early stage of the coronavirus battle: Following the past week’s cut of 0.5% just a week ago, the Fed had announced shortly before the Futures on Wall Street open, on an another aggressive rate cut to...

Bitcoin has tough days. The primary cryptocurrency had lost 40% of its value over the past four days.The fact that the price of Bitcoin is positively correlated with the global stock markets had been a surprise to many in the crypto community, who waited eagerly to see Bitcoin price exploding amid the emerging coronavirus financial crisis. After all, Bitcoin was born as alternative money following the recent financial crisis of 2008.Back to the price charts: the abnormal behavior that took...