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Bizarre Correlation Between Bitcoin Dominance And The Dollar Discovered

Bitcoin just rocketed above $11,000 following the recent Square news, and DeFi tokens everywhere had a significant bounce. As well as Bitcoin has done, altcoins have outperformed the top crypto asset prompting another intraday fall in dominance. Interestingly,…
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Analysts Think the U.S. Dollar May Bottoming—and That’s Bad for Bitcoin

Bitcoin has been under pressure over the past three days after peaking at $12,500 earlier this week. Some argue that the retracement is purely based on technicals. But if you check the charts, there seems to be an evident inverse correlation…
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How Bitcoin Can Solve The Dollar Depreciation Disaster

The signals are strengthening as the winds of economic change blow harder. A global economic slowdown has already begun as central banks scramble to prop up their economies by printing more money. The last financial crisis was caused by banks…
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FED Interest Rate Cut is Rocket Fuel For Bitcoin

The ebb and flow of crypto markets continues into the weekend as another day of gains follows one of losses. Bitcoin crept back over five figures but dumped again an hour or so ago. Industry observers and analysts are of mixed opinion as to…
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Bitcoin Halving Will Make it Less Inflationary and Far More Valuable

The countdown has been ticking for some time now and it is currently 471 days until the Bitcoin block reward halves. This milestone in the evolution of the world’s most popular digital currency will also make it far less inflationary than…
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Ex-Fed Chair Yellen Rants Against Bitcoin: “I Am Not a Fan”

Janet Yellen, former Chair of the Federal Reserve, shared her dislike of Bitcoin in a five-minute speech at CFA Montreal. The ex-central banker mentioned its little transactional volume, connection to terrorist activities as well as money laundering,…
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Bitcoin Explodes to $7,500 as Tether Loses USD Peg

Bitcoin price surged 9 percent within hours as Tether started losing its grip on the USD-peg. The BTC/USD pair closed yesterday on a modest 2 percent gain in pennant formation action following the recent drop. Nevertheless, the couple started…
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Bahamas is Launching a State Backed Cryptocurrency, is it Legitimate?

As Freeport, Grand Bahama Island continues its quest to become the Silicon Valley of the Caribbean by hosting the 2018 Bahamas Blockchain and Cryptocurrency Conference its central bank has announced plans to pilot a digital currency. Bahamian…