Market Wrap: Bitcoin Quiet at $9.3K While DeFi Gets Loud

It’s a lethargic Thursday across most markets, including bitcoin. Yet, on a longer-term view, the big growth story remains the Ethereum network’s DeFi movement, which continues to help drive ether’s performance in 2020.  Bitcoin (BTC) was trading around $9,395 as of 20:00 UTC (4 p.m. ET), gaining 0.97% over the previous 24 hours.  At 00:00 […]

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Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin slid Monday to its lowest point in the past seven days, with traders saying bearish signals are appearing after the cryptocurrency’s 30 percent rebound from a market bottom in mid-March. After recovering from the depths of the coronavirus-induced sell-off, bitcoin repeatedly failed to break above a price of $7,400.  Bitcoin (BTC) prices fell Monday […]

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Profit-Taking Keeps Bitcoin in Tight Range as Fed Reopens Spigot

Bitcoin and ether fell slightly Thursday as traditional markets climbed on additional stimulus measures by the U.S. Federal Reserve and Bank of England.  Over the past 24 hours, bitcoin (BTC) was down 1 percent Thursday afternoon New York time and ether (ETH) was down 1.2 percent.  Notable gainers on CoinDesk’s big board include dash (DASH) […]

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Traders Finding More Arbitrage Opportunities in Bitcoin

As bitcoin (BTC) experiences vertigo-inducing gains, cryptocurrencies are breaking out of a period where they followed or even lagged behind traditional markets. In fact, prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between Bitfinex and other exchanges to easily capture profit.  Bitcoin is up […]

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Bitcoin Price Will Be Golden in 2020 Thanks to Limited Supply, Increasing Use: Bloomberg Report

Increasing global uncertainties and a weak dollar will likely push more investors into bitcoin as it becomes recognized as a store of value. The cryptocurrency’s fixed supply will further drive price increases throughout the year, Bloomberg analysts predict. Bloomberg’s 2020 crypto outlook report, published Monday, predicts bitcoin’s price could move to the top of its […]

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Dow Teeters as Strategists Advise Investors to Ignore ‘Black Swan’ Index Warning

The Dow fell slightly in response to weaker-than-expected economic data. The stock market’s ‘Black Swan’ index is nearing its highest mark since 2018’s fourth-quarter sell-off. JPMorgan says to ignore the apocalyptic warnings and double down on stocks. Between the trade war, a global economic slowdown, and an upcoming presidential election, markets have plenty to worry […]

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Bitcoin Hater Peter Schiff Is the Gold Bug Who Cried Wolf

Peter Schiff is once again making apocalyptic bitcoin price predictions. This isn’t the first time the famous gold bug has sounded the alarm on the crypto market. Are crypto investors right to treat him like the boy who cried wolf? Peter Schiff has remained active on Twitter lately, chiming in on the Fed’s ballooning balance […]

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‘Gold Is Superior To Bitcoin,’ Say People Who Sell Gold

The folks that sell gold are a bit upset by Grayscale’s Drop Gold advertising campaign. In particular, GoldMoney.com, is going to great lengths to convince the investing public that the yellow metal is “superior” to bitcoin, not the other way around as the Grayscale ads claim. The precious-metals company has created an infographic and white […]

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Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year

With gold on the defensive and down roughly 6 percent since mid-February, bitcoin may continue to shine brightly in the near future. After all, experts have found the two assets to be inversely correlated. The 90-day correlation coefficient between bitcoin and gold – a statistical measure of linear interdependence between the two variables – is […]

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