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The price of bitcoin and a number of other popular cryptocurrencies have been collectively holding a market valuation of around $255 billion. The fiat value of these cryptocurrencies has slipped downwards during the last four days. Despite the weekly losses of around 3-6%, many digital currency proponents are still very optimistic. Mainly because of how … Read more
Bitcoin Cash is a virtual currency created by hard forking (splitting) from Bitcoin. If Bitcoin Cash is a new model, it is easy to imagine that Bitcoin is an old model. Bitcoin Cash is a virtual currency created by being split, so Bitcoin still exists, but they are not compatible and Bitcoin Cash is used instead of Bitcoin Cash. On … Read more
Bitcoin is likely to consolidate between $8,800-$10,000 over the coming week Go to Source Powered by WPeMatico
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African country. Uganda, Nigeria, South Africa, Kenya, and Ghana are listed in the … Read more
Most major cryptocurrencies have turned down from their immediate resistance levels, which suggests a minor correction in the next few days. Go to Source Powered by WPeMatico
On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24% remain exclusively loyal to the digital … Read more
The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing their own hard-earned savings. The news shows the great importance of censorship-resistant money and how … Read more
Bitcoin looks ready to head higher in the next few weeks, meaning traders could consider accumulating on the dips Go to Source Powered by WPeMatico
During the last two months since the March 12 crypto market rout, otherwise known as ‘Black Thursday,’ demand for cryptocurrencies seems to be on the rise in certain regions in Latin America. Various reports published this week have noted that countries like Colombia, Venezuela, Argentina, Chile, Brazil, and Mexico have seen significant bitcoin trade volumes. … Read more
Data indicates that someone was propping up Bitcoin Cash at a loss prior to the halving. Go to Source Powered by WPeMatico