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Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal Reserve to slash rates […]
The post Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout appeared first on Bitcoin News.
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Earlier this year we witnessed a mini flash crash that hit the fiat currency markets. It took approximately seven minutes for the Australian dollar to plummet against the Japanese yen, which surged to levels that it had last held almost a decade ago. Like a number of fiat currencies, bitcoin is going through its own […]
The post A Short History of Major Fiat Currency Collapses and What Triggered Them appeared first on Bitcoin News.
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Bitcoin has fallen by $100 since yesterday, and is now trading for just over $7,400. Many analysts claim that bitcoin’s long-term effects will take it to new highs, though a bull run doesn’t lie in the coin’s immediate future. For now, the coin doesn’t appear capable of jumping beyond the $8,000 mark. According to one source, bitcoin is having trouble moving beyond $7,500. A recent sell-off that ultimately “ran out of steam” brought the currency down to $7,270 during the early morning hours, though a later rally brought the currency up to its present $7,400 position. This source suggests thePowered by WPeMatico
At press time, bitcoin is trading for just over $7,300. This is a near $200 drop over the last 24 hours, and the bears are still having their way. The current sentiment is that bitcoin could fall to as low as an even $7,000 over the next few days. The currency has been dropping gradually since Sunday May 13, after it spiked to a new high of roughly $9,800. Maybe bitcoin just doesn’t like Mother’s Day… Still, others remain skeptical that bitcoin will stay at the $7,000 position or spike soon after that. Willy Woo, for example, is a cryptocurrencyPowered by WPeMatico
Cryptocurrency advocates woke up to the good news that bitcoin is trading for around $8,900. Bitcoin is expected to break $9,000 by next week as markets and regulators alike appear to be taking on a more bullish stance. Bitcoin spent nearly 24 hours hovering in limbo. Stuck at the $8,600 mark, traders were unclear about whether the short, sporadic price hikes Fundstrat’s Thomas Lee recently spoke of would occur in the immediate future. Now, it appears the analyst’s predictions are inching closer to reality. There are many alleged reasons behind the sudden price jump. A large one stems from FrenchPowered by WPeMatico
Bitcoin’s price incurred a slight fall during today’s early morning hours. After trading at just under $9,000 for most of yesterday, bitcoin is down to around $8,600 at press time. There appear to be several reasons for the drop. The first comes by way of the U.K. Authorities are laying out plans to implement a task force designed to assist in governing cryptocurrency usage to better understand the risks involved. The group will likely involve the Bank of England, the Financial Conduct Authority and the treasury. For the most part, the U.K. has remained primarily skeptical of digital assets. WhilePowered by WPeMatico
Bitcoin is allegedly entering a recovery phase, and is now trading for just under $9,000. Following two harsh weeks of negative sentiment from both Google and Twitter, bitcoin is once again showing an ability to surpass the latest resistance levels and spike through new territory. Many allege that a positive response to this year’s recent G20 summit has a lot to do with bitcoin’s recent “high.” While $9,000 doesn’t seem like much – especially in comparison to last year’s December figures – it remains strong when compared with bitcoin’s low point of roughly $7,600 witnessed earlier this week. The 2018Powered by WPeMatico
Nations forming the Group of 20 (G20) summit in Argentina this week issued Comunicado oficial de la primera reunión de ministros de Hacienda y presidentes de Bancos Centrales del G20, or first communication from the world’s central bankers concerning their work. The two page document is crammed with statements, and on the final page bankers […]
The post G20 Argentina Ends With No New Cryptocurrency Regulation appeared first on Bitcoin News.
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Bitcoin has endured an impressive price hike. After yesterday’s short jump to approximately $8,300, the currency has seemingly increased by over $500, and is trading at just under $8,900. It’s a nice bit of news for crypto advocates, and the coin could potentially be trading at $9,000 in just a matter of days. One source goes so far as to suggest the bitcoin bear run may have reached an official end. Fundstrat’s Thomas Lee, which has remained a strong proponent of bitcoin and its ever-changing technology, states that the recent crash may have affected bitcoin, but was directed primarily towardsPowered by WPeMatico
Bitcoin has enjoyed a small jump following yesterday’s monthly low. At press time, the coin is trading for just over $8,300 following a rough stint that saw it meandering at the $7,600 mark during the early hours of March 18. For every factor contributing to bitcoin’s rise, there seems to be one knocking it back. Originally hovering at around $8,500 during the morning of March 19, bitcoin’s price fell to its current spot after President Donald Trump announced that he was banning American residents from purchasing or trading Venezuela’s cryptocurrency the “petro.” While allegedly created to assist in the country’sPowered by WPeMatico