Volatility: The Necessary Evil Of Cryptocurrency And How To Handle It
While crypto’s famed volatility can be terrifying for investors, it is something that needs to be weathered Go to Source Powered by WPeMatico
Volatility
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Trust Token Blames Bots for Volatility of Trueusd Stablecoin
On Wednesday Trueusd, a stablecoin designed to be pegged to the US dollar, experienced a sudden bump in price after Binance announced support. The news caused Trueusd (TUSD) to rise by an unprecedented 40% before eventually subsiding. Trust Token, the coin’s developers, have now explained to news.Bitcoin.com how this sequence of events came to be. … Read more
Bitcoin Price Continues to Decline as Bears Continue to Reign
Today will prove to be another difficult day for all cryptocurrency markets. The bearish pressure is not relenting by any means, as market makers are intent on keeping the prices down for some time to come. With the Bitcoin price now dropping below $8,200, it seems to be a matter of time until the value … Read more
Stablecoins: A Deep Dive, Featuring Basis, Carbon, and Fragments
As cryptocurrency works its way toward mass adoption, one of its biggest obstacles is volatility. Markets change overnight, and we’re so desensitized to it that we don’t even blink at dips that would bring national economies to their knees. Stablecoins – cryptocurrencies that are tied to existing currencies or commodities like the US dollar or gold – are fungible, easily … Read more
Federal Reserve Pres: People Want Dollar, Not Volatile Crypto
St. Louis Federal Reserve President, James Bullard, was recently interviewed at this year’s Consensus conference in New York City. That a top US economic policy maker was in attendance is victory enough; however, he was asked his opinions on cryptocurrency going forward by CNBC Global Markets Reporter Seema Mody. He explained he found the phenomenon … Read more
Bitcoin Price Rises Slowly as $8,500 Becomes the new Target
Although all of the top cryptocurrencies are still in the red as of right now, it seems the momentum is slowly turning in favor of these coins once again. Do not be mistaken in thinking there will be any major upward momentum for all of these coins in the coming hours, though. Right now, the … Read more
Circle Raises $110Mn With Plans to Launch USD-Backed Coin
The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! … Read more
Bitcoin Price Suddenly Drops Below $8,800 for no Reason Whatsoever
Things are not looking all that great for the Bitcoin price as of right now. Although it is unclear where this sudden bearish pressure is coming from, the price is getting battered quite badly. Thanks to a 6% decline in the past few hours, the Bitcoin price has now dropped below $9,000 and is seemingly … Read more
XRP Price Seeks Stability at $0.75 After Overnight Onslaught
The cryptocurrency markets do not look to be in great shape as of right now. All top currencies have seen a massive dip in the past two days, although the momentum may finally turn in favor of Bitcoin and consorts once again. With the XRP price fighting for control over $0.75 as of right now, … Read more
Bitcoin Price is on the Verge of Surpassing $10,000 Once Again
Even though most altcoins are stealing the thunder in the cryptocurrency world right now, no one will overlook the Bitcoin price either. The way things look right now, it appears to be a matter of time until the value per BTC surpasses the $10,000 mark. If that trend can effectively materialize and result in stable … Read more