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Stocks Rally On New COVID-19 Vaccine News, Bitcoin Yet To React

16.11.2020
Today, the stock market was once again fuelled by new COVID-19 vaccine news while bitcoin (BTC) is yet to decide its direction. US-based Moderna Inc. said its vaccine was 94.5% effective in a preliminary analysis of a large late-stage clinical trial, compared with 90% in the case Pfizer...

Citibank Executive Says Bitcoin Will Trade at $318,000 by End of 2021

16.11.2020
Citibank Group’s Global head of Citifxtechnicals product, Tom Fitzpatrick expects to see the price of bitcoin peaking at $318,000 by end of 2021. Although he concedes that his prediction might seem improbable, Fitzpatrick argues that such a surge will still be the weakest rally for...

Bitcoin Rally Supported by More Busy Miners and Lower Fees

13.11.2020
As bitcoin (BTC) rallied, with the trading volume rising as well, the transaction fees moved in the opposite direction as miners turned more of their machines on. Bitcoin has made quite a move upwards since the beginning of November, with analysts predicting further volatility, but also...

Pfizer’s Pandemic Vaccine News Fails to Dampen Interest in Bitcoin

11.11.2020
The recent announcement by Pfizer of a potential Covid-19 vaccine sparked an immediate rally of global stocks worst hit by the pandemic response. The rally helped major indices including the New York Stock Exchange (NYSE) Composite Index and Europe’s Stoxx to go up by approximately...

Bitcoin, Altcoins & Gold Drop while Stocks Rally on COVID-19 Vaccine News

9.11.2020
Bitcoin (BTC) and other major coins extended their decline today, while stocks rally on the major vaccine news. Meanwhile, gold is down too. It has been revealed that the COVID-19 vaccine that is being developed by American pharmaceutical corporation Pfizer Inc. and German biotechnology company...

Gold Price Expected to Rally Despite Concerns About Lockdown 2.0

5.11.2020
Gold industry players say the inevitable printing of new money by the U.S. will lead to an increase in the circulating supply of fiat currency. This increase, in turn, will further dilute the value of U.S. currency and thus diminish its perceived status as the world’s foremost reserve...

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