Trump delays stimulus, Bitcoin dumps shortly thereafter
Bitcoin’s correlation with traditional markets appears to continue. Go to Source Powered by WPeMatico
Economy
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Bitcoin Birch says no retail crypto-wide bull run likely for rest of 2020
He isn’t bearish. In fact, his ideas appear to lean ever so slightly bullish. Go to Source Powered by WPeMatico
Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top
According to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows the dollar’s trade-weighted index chart indicates the USD might be in for … Read more
World’s largest banks lost 3x Bitcoin’s market cap during the pandemic
Prior to COVID-19, six leading banks had a market cap above Bitcoin’s. How many still do? Go to Source Powered by WPeMatico
Turkey Residents Panicking Over Massive Inflation
Turkish are losing faith in its local fiat currency, with confidence in the lira falling 20% this year. Go to Source Powered by WPeMatico
Investor Jim Rogers Warned of the ‘Worst Economic Downturn’ of His Lifetime
The trillion dollar bailout will not end well. Go to Source Powered by WPeMatico
Bloomberg: Americans Trade Depreciating Dollars For Bitcoin
Low-yielding dollar savings accounts aren’t cutting it for Americans anymore. Go to Source Powered by WPeMatico
Bitcoin Is a Better Hedge Against USD Than Gold
Enjoying a stronger negative correlation with the U.S. dollar than gold, Bitcoin may start to present a more attractive alternative to both in the eyes of the investors. Go to Source Powered by WPeMatico
How Technology Will Help the Economy Recover
The economy in the U.S. has been brought to a halt by COVID-19, forcing businesses across the country to close their doors, sending millions of workers out of a job. As of April 2020. Unemployment in the U.S. reached a staggering 14.7% – the highest ever recorded since 1939. In some states, as many as … Read more
South Korean Police Investigate Who Leaked the Crypto Tax Bill
Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced. Go to Source Powered by WPeMatico
