Bitcoin and ether are trending down as traditional markets closed in the red Wednesday. On a 24-hour basis, bitcoin (BTC) was in the red 4 percent Wednesday afternoon Eastern time and ether (ETH) was down 3 percent. Most other cryptocurrencies…
Category: Bitcoin
Bitcoin
Bitcoin Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis
Bitcoin ended the first quarter of 2020 down from the start of the year, but not as badly as the record-setting losses suffered by global equities. On a 24-hour basis, bitcoin (BTC) was in the green less than a percent…
Bitcoin and Gold: Evaluating Hard-Cap Currencies in Times of Financial Crisis
How would a bitcoin economy react to coronavirus? For now, we don’t know. However, we can turn to a proxy for insight: gold. Bitcoin’s “digital gold” narrative has stuck well, namely because of the cryptocurrency’s low issuance supply schedule and…
Bailouts, Bitcoin, Disruption, Failures and Hope
The best Sundays are for long reads and deep conversations. From Boeing to bitcoin in this week’s discussion we’re talking about our disrupted reality, the politically expedient path forward, why it almost certainly won’t work, the alternatives to it, what…
As This Crisis Worsens, Bitcoin Will Become a Safe Haven Again
Osho Jha is an investor, data scientist, and tech company executive who enjoys finding and analyzing unique data sets for investing in both public and private markets. The week of March 9 was a ride regardless of what market you…
Retail Investors Are Buying the Bitcoin Institutions Are Selling, Traders Say
As institutions unload bitcoin (BTC) along with stocks as part of the coronavirus-driven global sell-off, cryptocurrency’s traditional base – retail investors – is doing most of the buying, market participants said. And while pricing screens may still be flashing red,…
Makeup Mogul Michelle Phan’s Coronavirus Strategy Is Educate and HODL Bitcoin
Although the coronavirus-induced economic slowdown is hitting every sector, beauty mogul Michelle Phan has a plan. “I’m starting a podcast this year, called ‘Baby Steps,’” Phan said.“It’s essentially to help people take steps into adulthood … buying bitcoin, how to…
As NY Fed Promises More Cash, What Will Christine Lagarde Do?
Bitcoin (BTC) prices slid for a fifth straight day, but the decline paled in comparison with the steep sell-off seen in traditional financial markets. New warnings from authorities over the growing risks from the spreading coronavirus sent stocks reeling, leading…
Bitcoin Price Falls After One-Hour Volume Spike
An hour of high-volume trading on Tuesday resulted in bitcoin (BTC) trading lower, giving back nearly half of the previous day’s gains. At around 3 p.m. ET (15:00 UTC), trading volume on cryptocurrency exchanges spiked as bitcoin prices jumped from…
Bitcoin Rebounds as Coronavirus-Infected Stocks Get Jolt From Fed, BOJ
Bitcoin’s (BTC) price jumped the most in two weeks Monday, surging alongside U.S. stocks amid speculation the Federal Reserve and other central banks will support markets as the coronavirus spreads. The largest cryptocurrency by market value rose 4.1 percent to…
