South-Korea, France, Italy, Iran, and including the United States are now taking aggressive action against the pandemic. The number of deaths confirmed in the US has increased to six this morning. According to the 1-2% fatality rate, leading crypto-analysts suggest that the cases are being highly under-reported. Price Reactions on Safe Havens The out-break of
Bitcoin [BTC] Price closed at $7165 on Coinbase on 31st December 2019. This is the time of the year when analysts and financial gurus face the truth of their predictions. The wager by John McAfee for 2020 end stands as the most infamous bet in the crypto space. Nevertheless, the bet between Vinny Lingham and Ronnie
The beginning of the year saw Bitcoin [BTC] and altcoins deep in a bearish market as they tested their lows. The probability of their demise or rise was almost equal with them sharing similar dominance ratios. However, in less than eight months into the year, the dynamics of the cryptocurrency markets have shifted vastly. Bitcoin’s
The technical analysis of Bitcoin’s price attributes to its utility as an investment asset. Unlike most other assets, there is a lack of historical data or information to analyze the price of Bitcoin. However, On-chain metrics is an integral part of the analysis, which depicts the real supply and demand. Willy Woo, crypto and chart
Bitcoin broke above the iconic $10,000 level and has steeply moved towards $11000. The price of Bitcoin [BTC] at 3: 30 hours UTC on 22nd June 2019 is $10,779. Another 5% rise will drive the market capitalization above $200 billion. Gold broke 5-years high as traded above $1400, gaining 4.54% on a weekly scale. Bitcoin
Bitcoin pulled back to $8000 briefly after touching the $9000 mark. The movement began with a swift move up and then the break downwards. However, the price found support near $8300 instantly as well. $8300 was the earlier break-away point for Bitcoin. Furthermore, Bitcoin [BTC] broke above $8550 on the following day as well, which
Bitcoin broke below the $7000 and $6400 resistance and support level it had breached only some days ago. The corrective move doesn’t come much to the surprise of the traders. However, the percentage of the drop was massive around 20%; it exposed Bitcoin’s high volatility once again. The correction from the high was around $2,210
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
The certainty and fear in the market is a factor that is primarily affected by the price action at the moment than any other factor. Moreover, as Bitcoin has reached the critical resistance between $5500 and $6500, considerably high volatility can be expected outside the channel. Hence, while the market awaits a decisive bullish move
Vinny Lingham, a leading trade analyst recently suggested a very ominous theory about the ‘Bitfinex Premium’ being charges for over a week now. It refers to the surcharge on Bitcoin being explicitly charged on the Exchange. The ‘Bitfinex Premium‘ at 12: 40 Hours UTC on 4th May 2019 is around $320 w.r.t Coinbase and Bitmex.
Bitcoin [BTC] extended its impressive weekly rise to the weekends as well. As the week nearly comes to an end Bitcoin has already recorded a gain of 12%. While most of it can be attributed to the evident demand on Bitfinex, the overall market sentiment towards Bitcoin was positive as well. Moreover, Bitcoin [BTC] crossed
Bitcoin is on a major recovery that has been ongoing since the start of April. Although this was anticipated, it seems Bitcoin might be doing more than most people thought. This is being confirmed by the crypto trader and market commentator, The Crypto Dog. with the handle @TheCryptoDog According to him, the ongoing market prices
Bitcoin and the cryptocurrency markets have been coupled together for almost a year now. That is to say that the Bitcoin markets have largely dominated the direction of the markets. Moreover, the dominance of Bitcoin over the cryptocurrency markets has also been consistent around 50% since 2018. According to expert Bitcoin analyst and CEO of
Bitcoin breaks below the $5000 level as the bearish pressure continues to mount. While Euphoria has again gripped the market, Binance CEO, Changpeng Zhao, feels that the buying volume post the bullish candle on 2nd April on Bitcoin is indicative of the buying intentions that were waiting for BTC to make a move. Moreover, some
The flagship cryptocurrency continues to plunge below $3600 which led crypto enthusiasts to call it a crypto winter. In a similar context, CEO of Civic key, Vinny Lingham indicates the further decline in the price of Bitcoin will make it ‘Crypto Nuclear Winter’. BTC Continues to Decline – Will it really Enter into Crypto Nuclear?
Vinny Lingham, CEO of Civic believes another bubble is coming driven by investors greed that will break $20k before running over $100k leading to the start of another bubble-bust cycle. He also shared the blockchain industry is far from mass adoption due to scalability and limited use cases issues. First $20k will break, then $100k