Bitcoin Passes $9,000 As It Breaks 7-Month Downtrend

Bitcoin Passes $9,000 As It Breaks 7-Month Downtrend

The price of Bitcoin has broken through the $9,000 barrier as the recent bullish cryptocurrency trend continues. At the same time, Bitcoin is now also breaking out of a 7-month downtrend. As such, the case for a Bitcoin bull run is getting stronger. Bitcoin rallies past $9,000 and reverses long-running downtrend At the time of … Continue reading Bitcoin Passes $9,000 As It Breaks 7-Month Downtrend

Key Bitcoin Bull Run Indicator Flashes Green Again

Key Bitcoin Bull Run Indicator Flashes Green Again

The price of Bitcoin may well surge in the coming days and weeks. This is at least if one is to believe a key bull run metric, which suggests Bitcoin is now bullish. Moreover, the last time this indicator was green, Bitcoin saw a frenetic rally to $13,800. Bitcoin bull run “Guppy” indicator flashes green … Continue reading Key Bitcoin Bull Run Indicator Flashes Green Again

Cryptocurrency and Blockchain Firms Take Up The Fight Against Coronavirus

Cryptocurrency and Blockchain Firms Take Up Fight Against Coronavirus

The last week has seen numerous news outlets report on the growing worry of the coronavirus originating in Wuhan, China. As this virus threatens to go global, blockchain and cryptocurrency firms are now joining the fight to stop it. Crypto and blockchain firms donate to stop coronavirus For example, the cryptocurrency exchange Binance is pledging … Continue reading Cryptocurrency and Blockchain Firms Take Up The Fight Against Coronavirus

Analyst Compares Bitcoin’s Risk-Return to Amazon, Says Bitcoin Is A “Different Beast”

Analyst Compares Bitcoin’s Risk-Return to Amazon, Says Bitcoin Is A “Different Beast”

Amazon is often brought up as an example of how traditional investors can be mistaken regarding new ventures. As such, some analysts tend to draw comparisons between Amazon stock and Bitcoin, suggesting that traditional analysts don’t understand Bitcoin. Now, however, one analyst argues that Bitcoin and Amazon do not compare. Bitcoin “is a different beast” … Continue reading Analyst Compares Bitcoin’s Risk-Return to Amazon, Says Bitcoin Is A “Different Beast”