Bitcoin Blockchain and Cryptocurrency News Center
For many cryptocurrencies and digital assets, scarcity is a key part of their value. But not all scarcity is created equal. Of the ever-growing reasons why bitcoin keeps making national news, its scarcity is one of the most notable. Touted as an inflation hedge by top advisories such as JPMorgan, bitcoin is earning a renewed reputation as “digital gold” while […]
Bitcoin price remains pinned below $50,000 but the drop in BTC dominance could propel ETH, BNB, XMR and CAKE higher over the short term, the Cointelegraph reported. Corrections in a bull phase are usually a bullish sign as they reduce the frothy excitement and allow stronger hands to enter the markets. However, the recent correction […]
According to the U.Today and current tendency on the cryptocurrency market, when Bitcoin peaks the highest levels, other coins grow slower or even show a decline. However, Litecoin might be the exception from this rule, as it is one of the strongest altcoins due to technical and fundamental reasons. Regarding the last factor, the “digital […]
With cryptocurrency markets back to life, hodling sounds like a smart strategy once again. Cryptocurrency owners are now more likely to pledge coins to borrow fiat if they need it, rather than sell their appreciating digital assets. The spread of crypto-backed loans could also be a good indicator of investor sentiment. According to a source […]
Financial advisory firm Canaccord Genuity has predicted that bitcoin (BTC) could hit $20,000 by 2021 based on retrospective projections in an analysis published on May 9. This prediction on the CoinTelegraph is based on a close similarity between the four-year price cycles of bitcoin during the 2011–2015 and 2015–2019 ranges, as shown in the following graph: Bitcoin price cycles. […]
Despite the cryptocurrency markets appearing increasingly bullish, the leading crypto assets have posted mixed results in recent weeks. While BCH and LTC have made significant gains over BTC in recent months, ETH and XRP have lost value against BTC for much of 2019. BTC Price Structure Consolidates Above $5,000 Zone Bitcoin core (BTC) has posted […]