Black Thursday

Traditional markets are on fire, going toe-to-toe with speculative cryptocurrencies like Bitcoin in terms of insane intraday volatility and enormous price movements. The latest shock is in oil prices, which fell this morning by over 40% to the lowest level in over two decades.The massive drop in coordination with drops…

Bitcoin price just broke below $7,000 Monday morning after a late Friday evening rally pushed the asset over the key level for the weekend.However, coronavirus concerns have returned to traditional markets, causing major turbulence to kick off the day, which may have also caused Bitcoin to tumble. Could a repeat…

Bitcoin’s price seemingly moves without rhyme or rhythm. As a result, day-to-day, no one has been able to accurately predict the movements of the cryptocurrency, accentuated by the fact that some $1 billion+ worth of long positions (and short positions) were liquidated on BitMEX and other trading platforms during March…

The cryptocurrency and equity markets have seen a relatively stable week, as the volatility and volume drained away from both markets. Bitcoin (BTC) has been moving between $6,600 and $7,300 and hasn’t been showing direction. On the other hand, the volume is starting to drop significantly in the markets. Such a…

The coronavirus crisis has the makings of a Great Depression but it doesn’t have to be. Patrick Tan argues why we have the policy tools to survive and recover Editor’s letter: Another 5.2 million Americans filed initial unemployment claims this week according to the latest US Department of Labour release.…

In the wake of the crash to $3,700, investors thought Bitcoin was on a certain path to fresh macro lows under $3,100. But, this has quickly changed as the cryptocurrency has embarked on a stunning recovery, reaching $7,500 last week on the back of hype regarding the May 2020 block…

Grayscale’s Bitcoin Trust shares (GBTC) are currently trading at $7.49 per share, a 15.81% premium of Bitcoin. GBTC is the first publicly quoted security “solely invested in and deriving value from” Bitcoin and since listing it has been known to trade at a high premium, having hit a 2020 high…

Bitcoin has been showing a tight correlation with the stock market  – the largest correlation in the asset’s young history.A historically accurate sell signal has just triggered across three major United States stock indexes, which not only could cause another major selloff across all markets, but it could cause Bitcoin…

Bitcoin and XRP have both made strong recoveries since their epic plunge last month amidst the Coronavirus panic selloff that rocked the stock market. The V-shape bottom and previous top have potentially formed an ultra-rare diamond bottom pattern across the two crypto assets.Bitcoin and XRP Aim For Further Upside After…

Over the past few months, Tether’s USDT stablecoin has become increasingly important to the crypto market; the asset’s market capitalization has swelled as it has surged in adoption, now amounting for much of Ethereum’s network traffic.Due to the growth, tracking the movement of USDT has given investors novel signals as…