Bitcoin Signals Bullish Trend, Hits A New 11 Week High of $42.9k

On August 6th, for the first time, Bitcoin hit the $42.9k mark after retracing with a super price surge from merely $39k. It's the first time bitcoin hit the mark in over two and a half months, and as seen, this bullish trend could continue for a while. This bullish trend could have a positive impact on the entire crypto space if it continues.  Bitcoin on a Bullish For the first time in over 80 days, bitcoin currency hit the…

The Top 8 Exchanges to Start Trading Cryptocurrency

As a new cryptocurrency trader, there are a lot of options to choose between. The market is hot right now, and selecting the right exchange for your trading activities will help you save on fees and secure higher ROIs. Notably, not all exchanges are created equal. Today, there are different types of exchanges. Each exchange has its options, features, and fee structure. Here are the best 8 exchanges to start trading cryptocurrency. Bitstamp Bitstamp is another experienced exchange that has…

What the Coronavirus Means for the Crypto Market

As the Coronavirus continues to wreak havoc on the global economy, there appears to be momentum gaining in the crypto market. This growth has led analysts to examine the effects of the global pandemic on cryptocurrency adoption and development. Interestingly, Covid-19 appears to highlight some of the crypto’s best qualities. Coronavirus Pandemic For anyone who just returned from outer space, the world is currently in the grips of a global pandemic officially labeled Covid-19. This highly contagious virus is responsible…

A Complete Guide On Crypto Liquidity Providers – How does it Work?

The crypto industry has, for a long, been very unstable. Bitcoin, for example, has experienced episodes of very high liquidity, then later very low liquidity. Liquidity is the ability of an asset to be converted to cash.  Recently, however, the crypto world has seen the rise of crypto liquidity providers. Who are crypto liquidity providers, why do we need them, and what do they do? We will discuss all these in detail in the sections below.  Who are Crypto Liquidity…

WMA: Bitcoin drops briefly below $9,000 as markets brace for COVID-19 sequel

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $254 billion. ● Bitcoin drops by more than 1.5% and ends the week trading just a few bucks above $9k ● Ethereum started the week on a 1% rebound but finished it on a 4.5% decrease. ● XRP continues to disappoint with yet another drop, this time below $0.18 ● As COVID-19 cases…

WMA: Bitcoin stabilizes above $9,000 as altcoins lose small value chunks

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $266 billion. ● Bitcoin keeps trading above $9,000, with very few fluctuations. ● Ethereum decreased by 2.3% as it hovers above the $230 mark. ● XRP continues its downtrend as it drops below $0.19 ● The NASDAQ Composite index continues to trade around the all-time high that it hit on June 10th Crypto…

Bitcoin Seems Correlated with Crude Oil, is Trouble Imminent?

On April 20, crude oil incurred a momentous price decline by 99 percent. This unexpected decline increased the difficulties posed by the coronavirus pandemic. The difficulties are more in nations where fuel is 90 percent of all exports. Due to correlation among traditional assets, the swift decline affected gold and SPX. However, when we examined the cryptocurrency markets, it was discovered that on the same day, Bitcoin incurred a 4.9 percent decline. Bitcoin experienced rejection at $7.2k price level. As at the time…

BTC is Possibly among the Last Assets Still Trading in The Market Crisis

Many stock markets across the world may likely close due to the recent pandemic. BTC could save the financial world after the current crisis comes to an end. It has survived any shutdowns caused by the Coronavirus. The cryptocurrency market runs throughout, setting it apart from any other financial market. Famous crypto trader Dan Hedi revealed via a tweet that Bitcoin could be one of the last assets still trading despite growing market turmoil caused by Coronavirus. News media worldwide…

Investors are Leveraging Coronavirus Outbreak to Sell the Market, Says Peter Schiff

The US is experiencing declines in the market sector, and people blame it on the coronavirus pandemic. Nevertheless, Peter Schiff, a Bitcoin critic, believes that investors are leveraging the outbreak to sell the market. In January, the cryptocurrency market experienced uptrends that made ETH, BTC, and LTC gain more than 20%. However, the US market declined, leading to the attainment of 2019’s lows. Recently, the Chinese market also decreased by 8% despite PBOC pumping $174 billion. Schiff on Twitter about…