Bitcoin Blockchain and Cryptocurrency News Center
This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12. Cryptocurrency market performance. Source: Coin360 The drop had several consequences […]
Leading blockchain intelligence firm Chainalysis has found that the COVID-19 pandemic and global economic contraction is affecting Bitcoin (BTC) consumer habits in surprising ways. In a new report published on March 30, Chainalysis details how Bitcoin spending trends in three areas — merchant services, gambling and darknet marketplaces — have changed, or even reversed. Weakening correlation could […]
As the Coronavirus pandemic continues to unfold, markets, both traditional and crypto, remain highly unpredictable. Even gold has failed to provide safety for investors and Bitcoin (BTC) is undergoing a demanding test as a new asset class in an unprecedented health and financial crisis. Crypto market daily performance. Source: Coin360 As traditional markets gear up for another week of turbulent […]
As the global equities markets continue along their uncertain path, most major stablecoins are holding up to the “stable” part of name amid the worst global pandemic since 1918, the Coindesk writes. Cryptocurrencies have fallen to historic lows with most major assets trending at the same prices seen nearly a year ago, erasing most of […]
The price of Bitcoin (BTC) has seen a destructive week, as the price crashed 52% on one single day this week. One of the most massive crashes witnessed since the existence of Bitcoin, the Cointelegraph reported. Not only has Bitcoin been hitting hard during the week, but equity markets have also seen their worst week […]
Bitcoin (BTC) may be gaining thanks to “economic fear” over coronavirus — but only up to a point, analysts are concluding as the disease spreads. The cryptocurrency hovered at around $9,000 on Tuesday, capping 4% gains for the week in which coronavirus sent China into partial lockdown. Coronavirus uncertainty creeps into markets Fears are now surfacing about […]