Tag Archives: News

Bitcoin, for the most part, has been on a serious spike as of late, but according to analysts from JPMorgan, the boost of the world’s number one digital currency by market cap is hurting gold.Bitcoin May Be Causing Harm to GoldIn a way, this makes total sense. For one thing, bitcoin appears to do well whenever there is chaos occurring in standard financial markets. We saw this throughout 2020, which was faced with harsh economic problems thanks to the growing coronavirus pandemic. The U.S....

The price of bitcoin has taken a nasty fall. At the time of writing, the currency has dropped by roughly $1,000 in the past 48 hours, bringing the price of the world’s number one cryptocurrency by market cap down to around $18,200. This is about five percent less than where it stood previously.Bitcoin Is Heading to the GutterIt appears the cryptocurrency space is being attacked from all sides as it’s not just bitcoin that has taken a nasty stumble. Additional currencies such as Ethereum,...

EOS started a strong decline below the $3.000 support zone against the US Dollar.The price is currently trading below the $2.900 pivot level and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $2.840 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to move down as long as it is below the $2.850 and $2.900 resistance levels.EOS price is facing a lot of hurdles on the upside near $2.900 against the...

Litecoin price started a fresh decline below the $82.00 and $80.00 levels against the US Dollar.LTC price traded close to the $72.00 level and settled below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $83.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to face hurdles near $78.40 and $80.00 in the near term and resume its decline.Litecoin price is currently trading in a bearish zone below...

As of late, bitcoin appears to be getting the most attention out of all the world’s many cryptocurrencies. The asset has shot up to about $19,000, and many are eager to see if $20,000 is right around the corner. Amidst all the hype and hoopla, however, it appears we’ve forgotten about some of the world’s smaller competitors. Assets such as Ethereum, which according to Frank Holmes – chief executive and chief investment officer at U.S. Global Investors – is going to experience a huge bull run...

MicroStrategy is the institutional player of the year. Despite purchasing more than $400 million in bitcoin over the past few months, the company is clearly not done. In a recent statement, the company issued plans to raise an additional $400 million in the coming future to potentially purchase even more units of the world’s number one digital currency by market cap.MicroStrategy Wants Even More BitcoinThe firm has developed a solid thirst for bitcoin that initially began in August. At the...

Niall Ferguson is an author and the developer of a television series known as “The Ascent of Money.” In a recent interview, he comments why bitcoin is such a huge asset right now and why it’s arguably the best asset to have once the coronavirus pandemic is over.Niall Ferguson: Bitcoin Is the World’s Top AssetFerguson mentions:I’m going to go with bitcoin. It has had a stellar year, up 165 percent year to date. It’s now above $19,000. If, at the beginning of the year, you had said, ‘The...

Tron price started a strong decline after it failed to clear the $0.0320 resistance against the US Dollar.TRX price is now trading below the $0.0300 level and the 55 simple moving average (4-hours).There was a break below a key contracting triangle with support near $0.0300 on the 4-hours chart (data feed via Bitfinex).The pair could accelerate lower if there is a clear break below $0.0275 and $0.0270.TRON price is gaining bearish momentum below $0.0300 against the US Dollar, similar to...

Bitcoin price started a major decline after it struggled near the $19,450 zone against the US Dollar.The price is now trading well below $18,400 and the 55 simple moving average (4-hours).There was a break below a key contracting triangle with support near $19,020 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue lower if it breaks the $18,050 support zone.Bitcoin price is currently showing bearish signs below $18,400 against the US Dollar. BTC...

Apple co-founder Steve Wozniak is supporting a new cryptocurrency startup that’s designed to cut greenhouse gas emissions and help save the environment.Steve Wozniak Wants to Save the PlanetOne of the big problems being faced by cryptocurrency miners everywhere is that the extraction process is allegedly boosting carbon gas production and polluting the atmosphere, thereby contributing to climate change. For example, it has been said that mining bitcoin emits as much carbon as the city of Las...