Bitcoin topped $20,000 on Tuesday even while European and US stock markets had hit new lows for the year Monday evening. By Tuesday evening, volatile trading was back and Bitcoin dropped down to $18,900 again. Although the biggest cryptocurrency is still unable to get out of a tight trading range, in which it has been […]
WallStreetBets, the hyper popular investment forum on Reddit, claims that any downgrade by either Jim Cramer (the CNBC presenter) or JP Morgan, the largest US business bank, is a contra-indicator. This means that the ‘degens’ (short for degenerates) believe you should do the exact opposite of what these two advise. With that in mind, it […]
Three major currencies, the US dollar, the European Euro and the British Pound, have all seen massive swings this year. While the Pound and the Euro are slumping, the American Dollar is soaring. That last one is bad news for Bitcoin. Pound scandal, Euro war and dollar strength Bitcoin, the largest digital currency, was supposed […]
Pretty much every business newspaper and media outlet this weekend that is looking at stock markets noticed that the Dow is at an all year low right now (and that the British pound has fallen off a cliff). Bitcoin and Ethereum have both traded lower this year than where they are now so perhaps that is a good […]
You may recall that back in August people were hyped and positive about the merge. The switch from proof of work to proof of stake for Ethereum would cause it to become an investment opportunity that Wall Street wouldn’t want to miss. Green credentials, endless possibilities, the sky was the limit apparently. But ever since […]
Bitcoin has traded lower ever since Jerome Powell spoke on Thursday and announced that the Federal Reserve would not only be increasing US interest rates by another 75 basis points, but would also be looking at raising the overall interest rates once more before the end of the year. That is considered pretty hawkish and […]
For almost two years now XRP, the crypto coin of Ripple labs, has not been able to profit from the crypto hype. While during the Covid-19 lockdowns youngsters were keen on investing in and trading with several crypto coins, XRP never experienced the highs and lows of Bitcoin (down to $8,000 in March 2020 until […]
Over the weekend, this site highlighted the words of Microstrategy’s Michael Saylor, who pointed to a Wall Street Journal article that claimed the Merge would essentially turn Ethereum into an SEC target. A recent lawsuit against a popular YouTube figure seem to confirm this view. Could Vitalik Buterin’s company be in trouble? Upgrade In the past month, […]
There is always a perfect Simpsons meme for every life situation. That has over the years become a law of nature. As we see Bitcoin and Ether fall ever faster with the greatest digital coin once again nearing it’s two-year low, the classic new reader Kent Brockman’s question to an undefined professor (the clip has […]
MicroStrategy founder and former CEO Michael Saylor explained over the weekend that he believes Bitcoin will emerge as the winner post-Merge instead of Ethereum. As Ether drops 25% in a week and now trades for $1,300, Saylor thinks investors will hurry to cover their ‘long’ Ether bets and switch back to Bitcoin. Furthermore, he also reminded […]
