Tag Archives: stimulus

At the time of writing, the price of bitcoin has shot up by more than $300. It’s often been reported that September is a naturally bearish month for bitcoin and several other assets, but that it will usually fail to have any lasting effect on the price of the currency. It will not carry anything into the fourth quarter, and thus far, things are playing out as normal.Bitcoin Is Up Even More TodayThere is more good news in that it looks like bitcoin is becoming far more mature and much more...

It looks like bitcoin has taken a bit of a stumble following news that COVID relief talks have stalled again. Strangely, President Donald Trump is being looked at by certain sources as the reason why these talks haven’t gone anywhere, though when one looks at the data and the precise facts of the situation, it appears the fault lies with Democrats and House Speaker Nancy Pelosi, who has consistently looked to add trillions of dollars to these packages to save the interests of her ailing...

Bitcoin has once again spiked further and headed deeper into bullish territory. The world’s number one crypto by market cap has surged to just over $10,900 and is now on the verge of hitting $11,000.Bitcoin Could Rise Into the $11K RangeAt this stage, it would probably be correct to assume that bitcoin will hit this figure in a relatively short period. It is less than $100 away and has been on the rise for the past 72 hours or so. Given the circumstances that bitcoin is facing, it’s also...

The second stimulus check that allegedly got bitcoin moving in a northward direction hasn’t arrived yet. For many, the idea of a second stimulus check likely meant more bitcoin in their pockets, but according to bitcoin analyst of Quantum Economics Jason Deane, using stimulus money to buy more crypto could wind up being a rather disastrous decision.Deane: Stimulus Money Shouldn’t Be Used to Purchase CryptoNews of a second stimulus check has been meandering throughout the headline space over...

George Ball – a former chief executive of Prudential Securities and present CEO of Sanders Morris Harris – has referred to bitcoin as a “safe haven” in his latest interview, referring to its many properties and qualities that can ultimately assist investors in remaining strong during unprecedented economic times.George Ball: Bitcoin Is Stronger Than We ThinkGeorge Ball isn’t necessarily saying anything that a lot of other people in the crypto space haven’t already thought. However, it’s...

The U.S. dollar has long been a dominant form of finance, but according to some analysts, the dollar’s strength and place in the monetary space is beginning to fade.How the U.S. Dollar Is Losing Its GripTo be fair, the U.S. dollar still holds plenty of precedence. The currency is utilized to pay for goods and services in both the U.S. and several allied nations. In addition, the U.S. dollar is what is giving many people their stimulus funds to help them survive the present coronavirus crisis,...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – has shot up to just under $9,900. About $100 more to go and bitcoin will have again struck the $10,000 mark this year.The Bitcoin Price is ExplodingIt’s hard to say whether the asset – should it hit the five-figure range – will remain above $10,000 for the rest of the year. To be perfectly fair, the jump to $10K has been relatively slow and steady this time around, and it’s taken much of last week to hit...

The recent stimulus plan brought forth by the United States has garnered some mixed reactions, but according to Tyler Winklevoss – co-founder of the Gemini Exchange in New York – the move has brought about the prime environment for bitcoin buyers.Tyler Winklevoss: Bitcoin Is Looking Pretty Good Right NowAt press time, bitcoin is just over $9,500, which is a slight drop from where it stood just yesterday. Still, the currency has been on the rise over the past 72 hours ever since it was...

Bitcoin has shot up beyond $9,600 for the first time in what feels like an eternity, and analysts believe that $10,000 may not be too far off.Bitcoin Is Exploding AgainThe world’s number one cryptocurrency by market cap has been trading in the low $9,000 range for some time. While it has consistently sold above the $9,000 mark since early May, it hasn’t experienced any large breakouts as of late, which has caused disappointment amongst crypto followers to the point that even Google searches...

It looks like Coinbase CEO Brian Armstrong isn’t a huge fan of the stimulus checks that went out in May.Armstrong: Printing Money Doesn’t Solve AnythingTwo to three months ago, the United States government began issuing checks of approximately $1,200 to individuals who made less than $75,000 a year. The money was designed to assist citizens during the coronavirus pandemic and give them a little financial boost during what is turning out to be an excruciatingly long period of strife, as many...