Bitcoin [BTC] and altcoin rise in 2017 had all the characteristics of a bubble as there was a lot of frenzy and FOMO in the market. There were more than 800 ICOs released in 2017 alone. Altcoin Developing team included a strong marketing and brand building budget to participate in the FOMO. The Exchanges were
Bitcoin [BTC] has continued to rise above $9000 as the market sentiments towards the emerging asset is growing strong with each day. The Whitepaper release of Facebook’s crypto venture, Libra, is acting a positive market indicator. Although Libra is backed a basket of currencies, it still works on the concept of token holding value. Hence,
Financial Institutions in the world reportedly have started to include Bitcoin. However, the major products being launched, at the moment, are investment and trading related. While this adds credibility and security to the asset, it makes it a speculative asset nonetheless. Moreover, gold has limited use, but people all around the world still value its
Bitcoin broke above the $5,500 mark on 23rd April 2019. The bullish run since the beginning of the month was laid with Fear, Uncertainty, and Doubt (FUD). Various traders marked it is as the ‘no trade zone.’ However, Bitcoin has broken above an ascending triangle is formed on the daily chart after the bull run.