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Crypto in 2021: Bitcoin To Ride The Same Wave Of Macroeconomic Problems
6.12.2020
2020 was the year that the bitcoin (BTC) and the wider crypto market started responding to macroeconomic trends and indicators more actively. While critics continue to argue that this market responds only to its own issues and movements, it looks like investment in bitcoin from the likes...
Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top
15.9.2020
According to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows...
Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears
8.5.2020
On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8%...
China Removes Bitcoin Mining From Unwanted Industries List
6.11.2019
Inspired by its new fascination with blockchain, China now seems to have changed its mind about cryptocurrency mining. The latest version of a national macroeconomic plan indicates that the government in Beijing has given up intentions to suppress the bitcoin mining industry, in which Chinese...
Market Outlook: Uncertainty Builds With Thin Trade Volumes and Bitcoin Futures Launch
11.9.2019
Digital currency markets have dropped in value over the last three weeks, losing $25 billion since mid-August. Market prices have been creeping downward on thin global trade volume and the last two months of volatility seem to be taking a toll on short-term bullish optimism. Also Read: Bitmain...
These 3 Macroeconomic Factors Are Driving Bitcoin Price Above $12,000
6.8.2019
Bitcoin is demonstrably feeding off current global uncertainty
Circle CEO: Macroeconomic Turmoil Responsible for Bitcoin’s Growth
5.8.2019
Macroeconomic turmoil is responsible for Bitcoin’s recent growth, according to the CEO of crypto payments firm Circle, Jeremy Allaire