Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities

Gareth Soloway, president and chief market strategist at inthemoneystocks.com, predicts that gold will outperform cryptocurrencies and equity performances in 2023. In an interview published Thursday, Soloway emphasized his belief that “gold will be the best performer” this year and stated that the U.S. Federal Reserve will not cut rates until a “massively nasty recession” occurs. […]

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How Did Marijuana Coins React to 4/20?

weed hackersEvery year, marijuana coins receive the spotlight as speculators and spectators look to see how markets fluctuate in response to April 20. These coins, which include PotCoin (POT), CannabisCoin (CANN), and HempCoin (THC), have historically seen large volumes in response to the date colloquially known as “420 Day”. Unfortunately, 2018’s April 20 was a difficult day for marijuana coins across the board. On the same day that Bitcoin (BTC) appreciated by 7%, and cryptocurrency as a whole saw growth of about 13%, those three coins saw price losses averaging close to 10%. All three coins continued to drop the following day, with POT down 4%, CANN

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Price of Bitcoin Plunges Further to $7,500

TheMerkle Bitcoin price Over 9000In just the past week, the global market cap of all cryptocurrencies has fallen close to US$70 billion. In that same period, Bitcoin (BTC) has fallen 20% from a local high of US$9,000 to its current price of $7,500. Despite a number of bullish sentiments and news recently, the price of Bitcoin and cryptocurrencies across the board continues to fall. On the same day that Forbes called for a $20,000 Bitcoin, the price fell 5% further. Bitcoin currently sits at just above US$7,500, directly following a low of $7,410. With every passing dip, speculators and hopefuls call the bottom. While

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Global Market Stagnant Despite Bitcoin Gains

buying bitcoin inflationWhile it is widely agreed that past trends cannot predict future markets, today’s cryptocurrency market movements suggest a similar trend to what has been observed multiple times throughout 2017. Today, we see money flowing away from altcoins, back to Bitcoin, as sentiments towards the grandfather coin continue to turn bullish. Bitcoin (BTC) has climbed close to 6% in the past 24 hours, growing from a price of roughly US$11,200 to its current price of $11,870. This growth translates to a market cap appreciation of US$10 billion. Unfortunately, these gains have not entirely translated to the global cryptocurrency market cap, which has

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Market Tumbles as Bitcoin Price Approaches US$11,000

TheMerkle Bearish Cryptocurrency MarketsFor some investors, these past 24 hours have represented a state of panic, as cryptocurrency markets are experiencing a major drawback after an explosive December and first half of January. With Bitcoin down over 20%, only one coin on the top 100 outside of Tether (USDT) has maintained its dollar value in the wake of the current Bitcoin dump. Neblio (NEBL) is the only currency in the top 100 on Coinmarketcap that has appreciated in the past 24 hours, gaining 1% in USD to achieve a price of US$23.86. Beyond that, only 22 of the other 99 currencies on the

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