Warren Buffett is the same person who once loathed the idea of owning gold or Bitcoin. The legendary investor trashed the precious metal back in 2000 by calling it an unproductive asset.
Bitcoin lately surged back towards $12,000, a mighty level that last reacted very violently to the cryptocurrency’s bullish advances and crashed its price by $1,500. Last week, Bitcoin attempted to break the level all over again. It briefly managed to do so before plunging all over again. Only this time, the correction was less severe,…
Nothing changed in the message the Federal Reserve delivered after concluding its two-day policy meeting on Wednesday. Jerome Powell, the US central bank’s chairman, decided to maintain their benchmark interest rates near zero and pledged to offer more monetary support if necessary. As he delivered his monthly press brief, the US dollar index was falling…
Bitcoin this week broke up its three-month-old relationship with the US stocks. The hottest cryptocurrency is now dating gold. A rebound relationship ensues. In non-Woody Allen’s terms, the short-term correlation between Bitcoin and the S&P 500 plunged this week – from 78.8 percent two weeks ago to 42 percent. At the same time, the cryptocurrency’s proximity with…
The pace of gains in DeFi is crazy.
Also known as Decentralized Finance, the DeFi sector is booming in anticipation that it would change the way people look at finance.
Last week, CoinStats discussed how Bitcoin investors should prepare for a stormy second half of 2020. So it appears, the raining has started in China.
It’s only halftime, and Bitcoin is leading the financial crisis sentiment by 1-0.
Bitcoin price may find itself amid a global market storm even as its underlying fundamentals look stronger than corporate stocks and government bonds.
The relationship between the U.S. and China is on the verge of a breakdown. The global superpowers are battling each other on a range of geopolitical and macroeconomic issues – including trade, security, investment, Hong Kong, and the origins of the Covid-19 pandemic
Predicting Bitcoin price is no less than looking into a crystal ball. As the cryptocurrency leaves behind a trail of endless bullish and bearish fractals, it gives traders a grain of data to predict its next trend.