Category: Analysis
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Like gold with previous crises, Bitcoin will thrive after coronavirus, research shows
Bitcoin showed a tight correlation with the U.S. stock market for about two weeks from March 12, raising concerns among investors that cryptocurrencies are just as vulnerable to a financial crisis as stocks and other high-risk assets. A study from Seba, a Swiss banking startup that raised $103 million in 2018, showed that gold performed…
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Bitcoin “scamwick” creates trail of destruction; leads to $50m in liquidations
After rallying from the lower-$6,000 region earlier today, Bitcoin bulls stepped up and propelled the benchmark cryptocurrency up to highs of $7,300 in what ultimately proved to be a fleeting movement. The rejection from this level has led BTC to reel back into the upper-$6,000 region, with this movement leading a significant amount of open…
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These are the main factors to consider before investing in the cryptocurrency market
Investing has never been easier now that on-chain metrics enable market participants to determine who is on the other side of the trade. While this is only possible in the cryptocurrency market, IntoTheBlock maintains that this data can empower investors worldwide. The power of on-chain metrics Contrary to popular belief, one of the biggest advantages…
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Bitcoin just hit $7,000: 3 factors that could be behind this explosive move
Bitcoin has shaken off a worsening coronavirus outbreak and record jobless claims in the U.S., rallying past $7,000 just minutes ago as of the time of writing this article, reaching a local high of $7,200. With the recent surge higher, BTC is up 24 percent from the weekend lows of $5,800. Although many have embraced…
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Bitcoin was one of the worst performers in Q1, but these altcoins astonished
Despite the state of commotion in the global financial markets, several altcoins were able to provide significant gains during the first quarter of the year. Bitcoin: the worst performer in Q1 In a recent report, Binance Research affirmed that Bitcoin displayed a negative performance throughout the first quarter of the present year. Although the flagship…
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Beware of false narratives: stock-to-flow and halving not bullish for Bitcoin, claims report
2020 has been a turbulent year for Bitcoin and the aggregated cryptocurrency market, with bulls having firm control over the benchmark digital asset throughout all of January and most of February, before losing their strength to sellers in March. This heightened volatility has occurred against a backdrop of bearishness within the global economy, which –…
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Q2 historically generated large gains for Bitcoin, but this time may be different
[youtube https://www.youtube.com/watch?v=kZjjFmAp2gc&w=560&h=349] Historically, the Bitcoin price has tended to increase in the second quarter of every year. In the past six years, with the exception of 2018, BTC’s price has increased by 80 percent on average from April to June. However, 2018 was an odd year out during which the Bitcoin price dropped by 8…
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The crypto market’s early-March meltdown revealed something super bullish for Bitcoin
March 12th is a day that will live in infamy for the crypto markets, with investors watching Bitcoin lead the entire market in an unprecedented downwards movement that led some altcoins to decline as much as 50 percent or more in a matter of mere hours. The downwards tailwind that catalyzed this decline was created…