Bitcoin Price
Goldman Sachs' Yuan Crash Forecast Could Affect Bitcoin Price, Bull Run Ahead?
Goldman Sachs is expecting the Chinese yuan to fall to its lowest since 2008 in the coming months due to the existing US-China trade war, and now the US potential sanctions on China over its feud over Hong Kong. US President Donald Trump has announced earlier that he will be looking to end preferential treatment for Hong Kong in terms of trade and visa-free travel, due to the new security law for Hong Kong approved by Beijing. The yuan has been forecasted by Goldman Sachs to fall to 7.25 per dollar during the next three months before recovering to 7.15 per dollar over six months, then to 7 per dollar in the next year. As the firm sees the yuan falling to its 2008 low, the potential for Bitcoin to experience an explosive price rally has been raised.
Bitcoin in Africa: Cryptocurrency and P2P Bitcoin Trade Surge Across the African Continent
Cryptocurrency adoption and peer-to-peer Bitcoin transactions are on the rise across the African continent. There have been significant advances across Africa for crypto adoption in terms of regulation, trade volume and reported cryptocurrency ownership.
Want Bitcoin's Price to go up? Bet on People, Not Inflation
We can't predict how the global financial situation will play out, nor how government interventions will affect international financial systems. If all you care about is the price of bitcoin, focus on people, not monetary policy.
Bitcoin Wallet Addresses At All Time High As Bitcoin Network Experiences Third Halving
New data from Glassnode reveals that the number of Bitcoin addresses containing less than 1 BTC has more than doubled since the second halving in July 2016, with wallets containing less than 0.1 BTC showing the highest increase.
Bitcoin Halving Reduces Mining Rewards for Third Time in Brief History
The most anticipated event for cryptocurrency has come to pass. Bitcoin’s third Halving took place reducing the block rewards from 12.5 to 6.25 BTC per new block for the third time in its history. The first block mined for 6.25-bitcoin was mined and relayed by the fourth largest mining pool by total computer power, Antpool.
Bitcoin Price Breaks $10,000 Flirting with High Resistance of Supply – Understanding the Stock to Flow Model
Bitcoin has taken off this week, moving to $10,000 and firing up the market in euphoria. With only one week from halving, The Bitcoin price has now deleted all its coronavirus crash losses, up practically 40% since January 1st—and putting it on target to be one of the year's best performing resources.
Pantera Capital CEO Dan Morehead Predicts Bitcoin Price Rebound Despite Slow Economic Recovery
In an investor letter, Dan Morehead Pantera Capital CEO explained why the current market environment could be a boom for Bitcoin as investors seek new opportunities.
Coinbase Crashed Amid Bitcoin Price Surge
On April 30, 2020, Coinbase, one of the biggest crypto exchanges in the world, crashed during the Bitcoin price outbreak where it skyrocketed from $7,700 to $9,200 within a matter of 24 hours.
Post-Halving Prediction: Bitcoin Price Hitting $20,000 Only a Matter of Time
With the much-anticipated Bitcoin halving just around the corner, pundits, investors, and traders are keeping a keen eye on this event because mining rewards will be slashed from 12.5 BTC to 6.25 BTC. Crypto trader TheMoonCarl tweeted that the number of non-zero Bitcoin addresses had smashed the 30 million figure. As a result, he believes that the all-time high Price of BTC of $20,000 will be broken.
Bitcoin's Correlation with S&P 500 at a Nine Year Peak, says Quantum Economics Founder Mati Greenspan
Mati Greenspan, founder of Quantum Economics believes the coronavirus pandemic has brought Bitcoin closer to the S&P 500 than ever before.