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…

A Post Pandemic Growth Expected For Ethereum’s DeFi

The Covid 19 pandemic has exposed the world's financial system to tremendous challenges. The United States government proposed a jaw-dropping $2.2 trillion bailout for the stock market. All this was to act as a relief measure to the current crisis within the traditional markets. Such interventions point to centralization being a powerful and indispensable feature in the traditional financial system. Equitable and Faster Wealth Distribution But reports point to the existence of a huge challenge regarding wealth distribution of this…

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…

Beginner’s Guide to Fundamentals of Cryptocurrency Trading

Mainly, a trader buys and sells goods intending to make profits. That is, buy for less but sell for more. What and how don't matter, but when you choose to buy and sell goods, will determine whether you are trading or merely investing in that product or service. Let's dig into the details. To fully understand the basics involved in trading, you should know the difference between investing and trading. Financial experts define trading as buying commodities, shares, and sometimes…