Bitcoin Cryptocurrency News

Bitcoin Exchange Outflows Hit 8-Month High, HODL’ing Soars

Bitcoin adopters seem eager to hold their own coins as withdrawals now outpace deposits on exchanges. This cryptocurrency outflow reflects the growing unease about the state of the global economy, as well as the stability of the crypto space. BITCOIN EXCHANGE BALANCES HAVE BEEN DECLINING FOR WEEKS Analytics firm Glassnode has noted that exchange liquidity Read more…

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Bitcoin Tanks as Low as $7,700 In Brutal Sell-Off: Is There Hope of Recovery?

Since our last market update, Bitcoin hasn’t fared any better; just minutes ago (as of the time of this article’s writing), the cryptocurrency was trading at $7,700 — the lowest the asset has traded at since mid-January, amid the breakout that brought it as high as $10,500. This means that at the worst of the Read more…

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Bitcoin, Gold uncorrelated while major U.S assets collapse amidst global chaos

Bitcoin has long been touted as an uncorrelated asset and surely enough, it has measured up to that narrative. The same can be said of gold. As major assets across the world feel the heat of chaos, Bi

The post Bitcoin, Gold uncorrelated while major U.S assets collapse amidst global chaos appeared first on AMBCrypto.

Bitcoin Cryptocurrency News

US Household Debt Hits Record Level, Is Bitcoin The Solution?

Recent reports indicate that the level of household debt in the US has reached a record high of over $14 trillion. Dollar devaluation and a flawed banking system has been the catalyst but can bitcoin be the solution? Deepening Debt Crisis According to the Federal Reserve’s Quarterly Report on Household Debt and Credit, total US Read more…

Bitcoin Cryptocurrency News

Bitcoin is the Only Asset With “Sharpe Ratio” More Than 1: PlanB

Bitcoin Twitter commentator PlanB has claimed that BTC is the only asset that has a Sharpe ratio of greater than 1. The Sharpe ratio describes the increased rate of return received for the extra volatility sustained when holding a riskier type of asset. Risk vs. Reward To understand the Sharpe ratio, one must take into Read more…

Bitcoin Cryptocurrency News

Why Bitcoin and Crypto will be Properly Understood Much Later?

Bitcoin arose as a pretty high-minded idea, engendered in specialized cryptography forums. In its early days, its merits have been discussed by communities like the LessWrong forums. Bitcoin Gained a Bad Reputation in its Early Days Crypto assets and Bitcoin, in particular, gained a public image of being a simple-minded Internet coin, used by gamers Read more…