Multiple factors come together, driving countries in Asia, Latin America, the Middle East, and elsewhere to seek alternatives to the dollar. The dollar’s share as a global reserve currency has fallen above 50%. Bitcoin emerges as an alternative to break the dollar’s hegemony. The dollar is under threat as many countries explore methods to trade without the US currency. This … Read more
Binance spot trading volume soars on whale purchases of BTC. Despite the bitcoin (BTC) bear market, there are signs of significant buying by large whales, CryptoQuant CEO Ki Young Ju noted on Twitter. These BTC purchases could indicate that there are entities that are seeing an investment opportunity at current prices, below USD 20,000. Binance’s spot BTC trading volume rose … Read more
Bitcoin futures contracts offer traders greater flexibility and access to leverage for greater exposure. Futures contracts are a type of financial derivatives that allow the trader to speculate on the price movements of assets such as commodities, stock indices, or cryptocurrencies, such as bitcoin. Bitcoin futures contracts allow you to speculate on the price of bitcoin at a future date. … Read more
June ends with bitcoin’s worst monthly close since 2011, down 37%. If the control of inflation in the US works, the markets will resume the boom. Ending the first half of the year, the bearish outlook in the bitcoin market is accentuated. June is about to close with the biggest monthly losses since 2011, around 37%, while the price drop … Read more
At the time of writing this article, bitcoin is trading above $19,100. So far this week, the drop exceeds 27%. What market analysts and investors feared has finally happened: the price of bitcoin broke the level of 20,000 dollars downwards this Saturday, June 18, which also implies the breaking of a historical pattern for the cryptocurrency in the market. During … Read more
The World Bank projects a 2.9% slump in world growth in 2022. The price of bitcoin could be impacted by this context, according to analysts. The World Bank released this week a harsh prospectus on the current global economy and what the future holds. In his extensive report, the bank states that the risk of stagflation increases amid a sharp … Read more
The report collected information from 9,500 people around the world. Lower-income people tend to be less optimistic about the future of Bitcoin. The versatility and potential of Bitcoin have allowed it to be seen as a tool for various purposes. Among these, its purpose as an investment instrument stands out as an asset to obtain future profits, and as a … Read more
The price of bitcoin this Monday 30 exceeded the closing price of May 10. Since the local low on May 27, the bitcoin price has recovered 11.2%. The rally in the price of bitcoin (BTC) this Monday, May 30, which closed at USD 31,779, managed to reverse the decline of the last three weeks and exceed the closing price of … Read more
LUNA2 was priced at almost $20 at launch and is now at $6. Several exchanges have listed the cryptocurrency, enabling withdrawals, deposits, and trading. Do Kwon, the co-founder, and CEO of Terraform Labs, the creator of the Terra (LUNA) cryptocurrency, announced this Saturday the launch of the new Terra 2.0 blockchain, with which they intend to revive the failed LUNA … Read more
Bitcoin has depreciated 1% every day for the last month, highlights Glassnode. Analysts agree that demand is likely to continue to decline due to current market fundamentals. Bitcoin (BTC) turns ten days today without exceeding the USD 30,000 band, at the same time that its minimum price has been rising, behavior that shows that, although there is demand, it is … Read more