Bitcoin Cryptocurrency News

How Bitcoin Outperformed Both the S&P 500 and Nasdaq in First Half 2020

Despite major setbacks from the Black Thursday market collapse, the cryptocurrency market and Bitcoin had a strong H1 close. The leading crypto asset by market cap also beat the best performing stock market index by nearly double. Will the strength continue into the second half of the year? Recounting The Rollercoaster Ride That Was The Read more…

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Bitcoin Cryptocurrency News

WHO’s Scary Warning May Set Back Bitcoin’s Bull Run, Here’s Why

The World Health Organization has issued a terrifying warning that the “worst” of the pandemic “has yet to come.” The first wave brought record devastation to Bitcoin and the stock market, and investors now fear another crash. If the worst has yet to come for the outbreak itself, could the market experience an even steeper Read more…

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Bitcoin Cryptocurrency News

Bitcoin Price To $318,500 By October 2021 According To This Model

Popular cryptocurrency YouTuber recently posted a chart illustrating that if Bitcoin repeats its previous significant bull run from 2017, its price could exceed $300,000 by the end of 2021. Interestingly, this highly optimistic prediction corresponds with the well-known BTC stock-to-flow model. BTC To Over $300,000? Bitcoin price predictions are among the most commonly discussed threads Read more…

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Bitcoin Cryptocurrency News

$15m Liquidated as Bitcoin Surges to $9,800 for the First Time in Weeks

After days of consolidation, Bitcoin experienced a crucial breakout over the past few hours. The cryptocurrency just minutes ago tapped $9,800, the highest price it has traded at in over 10 days. With this latest move higher, the cryptocurrency is up approximately 5% in the past 24 hours. This is strong, especially when compared to Read more…

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Bitcoin Cryptocurrency News

Why Bitcoin Trading in Tandem With the S&P 500 Isn’t a Bad Thing: Analysts Explain

One of the most common narratives in the Bitcoin space is that it is entirely uncorrelated with other financial markets. Because cryptocurrencies are mostly separate from normal economic trends, it was easy for many to think that BTC is unaffected by, say, a recession. But over the past few months, the narrative has quickly gone Read more…

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Bitcoin Blockchain Cryptocurrency News

Japan megabank Nomura launches Bitcoin and crypto custody for institutional investors

Institutional investors are coming in hard and fast to the crypto market and, whether you like it or not, seem like they are here to stay. “Komainu” Japan’s top financial services and banking firm Nomura launched its much-awaited Bitcoin custody service for institutional investors this week, after over two years of development and clearing regulatory Read more…

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Bitcoin Cryptocurrency News

A $5T Pile of Cash is Waiting to Enter Bitcoin Market, Asserts Top Investor

Veteran macro investor Dan Tapiero sees “huge opportunity” for Bitcoin as investors cautiously turn to cash. Data from Refinitiv Lipper showed investors sitting atop a circa $5 trillion worth of money-market funds. Mr. Tapiero noted that cash investments return zero yields to investors, which may prompt them to enter riskier markets like stocks, gold, and Read more…

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Bitcoin Cryptocurrency News

Bitcoin Largely Remains Uncorrelated to Stock Market, Crucial Data Shows

Bitcoin has shown some signs of being correlated to the stock market over the past few months, especially during times of bear-favoring turbulence This correlation, however, does not appear to be as striking as it seems, as data suggests that its macro-correlation to most traditional assets remains incredibly low One analyst explains that it has Read more…

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Bitcoin Cryptocurrency News

Profit-taking Pares Bitcoin Gains But $10,000-Retest Likely

A rally in the Bitcoin market lost steam on Wednesday on profit-taking sentiment. The cryptocurrency slipped by a modest 0.75 percent ahead of the European opening bell. But a rebound in consumer activity signaled a positive week for risk-on assets, raising expectations of Bitcoin resuming its bull run towards $10,000. Bitcoin’s rally faded on Wednesday Read more…

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Bitcoin Cryptocurrency News

Bitcoin Retargets $10,000 on Fed’s Corporate Bond-Buying Program

Bitcoin pared its Monday losses after logging a surprising intraday trend reversal. The cryptocurrency rebounded by as much as 7.82 percent from its session low near $8,895. It is now back to targetting $10,000 as the Federal Reserve announced it would extend its corporate bond-buying plan. Bitcoin price climbed Tuesday, logging a dramatic retracement after Read more…