Coronavirus has become a powerful blow to the financial market and now we continue to observe the negative consequences of the spread of the epidemic. The price of Bitcoin fell by 25%, although at the beginning of 2020 the digital currency had a good increase. Then Bitcoin reached a maximum value of $ 10,500. Hedge fund executive director Jehan Chu notes that the decline in the most popular digital currency will continue. He commented on this situation in an interview for Bloomberg and noted the following: “Now negative moods reign on the cryptocurrency market, which can provoke a massive sale
The global financial market has staggered and entered a phase of uncertainty due to the current difficult conditions. Amid falling stocks and bonds on the stock exchanges, the massive sale of oil reserves, the decline in the value of cryptocurrencies can go through the mass consciousness. Many people get the impression that, due to their specifics, cryptocurrency is more stable in contrast to traditional financial assets. The fall of Bitcoin below $ 8,000 has worried about the cryptocurrency community. This situation means that the volatility of the most popular digital currency continues to grow. According to the latest data, over
Paying with Cryptocurrencies Cryptocurrencies have taken over the world since they were introduced. They have been making their way into every possible avenue. They have changed the way traditional payments take place. Since technology has taken over every aspect of today’s world, it’s safe to say that the technological revolution has transformed payment methods as well. Instead of credit, debit or cash, cryptocurrencies can be involved in buying services or goods. Digital currencies are now being relied on for payment. Mobile wallets, cryptocurrency debit cards, and QR codes are essential assets of digital payment. The thing is, when there’s too
The Ripple community was discouraged by the news of Tiffany Hayden’s refusal to continue working with XRP digital currency. The former CEO of XRP explained her decision by saying that she is experiencing constant hostile attacks from Ripple supporters. As a result, Tiffany Hayden decided to sell all of her XRP assets and exit the Ripple community. Why did Tiffany Hayden decide to abandon XRP? In the cryptocurrency market, many communities have formed that are grouped around a blockchain. Some of them have “strained”, hostile relations with their participants. A very striking example of inciting conflict within the community is
The Bitcoin exchange rate continues to fluctuate. Investors’ interest in the most popular cryptocurrency does not subside. Financial experts give positive forecasts for the recovery of Bitcoin prices after a recent fall. But the question remains open: when to expect Bitcoin bull run? Bitcoin rate “revived” in early March In February, the fluctuation of Bitcoin seriously worried the participants of the cryptocurrency market. On February 20, the BTC price began to fall and crossed the line below 10 thousand US dollars. This situation caused a mixed reaction among investors. In early March, the most sought-after digital asset grew by 2%
Cryptocurrency can soon attract large flows of new users and reach a new level of development. It is reported Coinbase cryptocurrency exchange CEO Brian Armstrong. On his Twitter, he shared his observations on what causes could be a powerful impetus for the massive increase in users of digital assets. Armstrong drew a parallel between the spread of the Internet and cryptocurrency. He highlighted some similarities that may indicate that cryptocurrency may repeat the “path of popularization” of the Internet. Although Armstrong does not yet give an exact definition of which cryptocurrency will be able to increase the number of users
The power plant, in the Finger Lake District (New York State), is mining Bitcoin cryptocurrency. It brings about $ 50,000 every day. Business management, according to data from Bloomberg, is a private investment company Atlas Holding LLC. Over the past few months, about 7 thousand devices have been installed at the Greenidge Generation power plant. They can produce 5.5 BTC per day. It was revealed, that initially the enterprise, which began its activities in 1937, operated on coal, then switched to natural gas. Employees of Greenidge Generation Miners consume unused electricity, because of which the company could significantly reduce costs.
The global financial market almost daily faces new challenges associated with the spread of coronavirus and forcing the general situation. The last two weeks have become an indicator of the negative forecasts that have been in the air before. The Bitcoin exchange rate fell to $ 8,400. At the same time, US stocks plummeted and triggered a stir on the stock exchanges. Yesterday, March 5, the Dow Jones Industrial Average fell 2.6%. Analyzing the current situation, experts note that Bitcoin remains viable, it has powerful resources to restore its position. Bitcoin repeats December 2019 behavior model It is important to
You are not mistaken. You can buy bitcoin for cash. We know that it is complicated to understand the trading and exchange platforms of Bitcoin, especially if you are a novice user. Some sites offer credit/debit card payments, but patience is required to wait for bitcoin delivery continually. Also, exchange sites request a series of personal data that can create an insecure environment among users. Most users prefer privacy regarding Bitcoin transactions. With cash deposit Some platforms have such an option where the buyer can deposit cash into the seller’s bank account in order to buy bitcoins. Banks are attached
In our review, we indicated the rating of cryptocurrency exchanges 2020, which describes in detail the countries in which each exchange is supported, payment methods accepted, fees, privacy, limits, liquidity, reputation, speed (bitcoin delivery), customer support and all other problems. Binaryx Binaryx is a new cryptocurrency exchange and a revolutionary approach to social cryptocurrency trading. All Binaryx users and traders can trade, buy and sell bitcoins, Ethereum, XRP and other digital assets using the best features and advanced security system. In addition to the above functions, all traders and users have an excellent opportunity to participate in social trading operations.
Being a cryptocurrency trader is not an easy activity. People cannot handle the pressure. Therefore, most traders cannot foresee obvious traps. Common Traps for Entry-Level Cryptocurrency Traders Trading is rather hard work, requiring knowledge, practice, patience, discipline, psychological stability, and the constant pursuit of the trading system. Why is it not so simple, and why bind yourself with a trading system, plunge into the jungle of technical analysis, keep a journal of operations, learn to manage emotions? The fact is that the market is influenced by many variables, which no trader can take into account in their work. And in
According to Hodlwaves from Unchained Capital, which determines the speed of bitcoins circulating by forecasting the outcome of unspent bitcoin transactions (UXTO), 41.6% of BTC transfers were carried over the last year. Coins, which languished in the direction of three to five years, account for 14.4% of the combined size of supplies of BTC. More than 21% of Bitcoin’s have not been carried forward since 2015. Bitcoins that have not moved in the direction of 2 years account for 42% – this is the highest threshold since June 2017. Short-term holding decreases since 2017 Since June 2017, the short-term speed
We can already observe the first negative consequences that the global economy has received as a result of the spread of coronavirus. In particular, this negatively affected the Bitcoin exchange rate, which for several weeks in a row has maintained a downward trend. The question arises: how low can the price of Bitcoin fall? Analyzing this situation, one of the analysts notes that Bitcoin can maintain a good position in the conditions if it does not go beyond the two lower boundaries from the current level. If the price falls below one of these boundaries, the viability of Bitcoin will
This fast-growing cryptocurrency is currently listed by the leading Huobi exchange. The announcement was made by an exchange veteran through an official statement. The exchange will list three main pairs of coins, including Doge Bitcoin, Doge Ethereum, and Doge Tether. Tesla CEO Elon Musk announced that Dogecoin is his number one cryptocoin. Palmer came to the rescue of Mask some time ago when he had to respond to Twitter fraud. He tweeted that Dogecoin is his favorite coin since the discussion about the election of the crypto president began. Palmer has since disowned any role in the virtual coin. In
he upcoming halving of Bitcoin is causing a mixed reaction in the cryptocurrency community. The situation is heated up by by the fact that it is impossible to accurately predict how the split of Bitcoin into two in May 2020 will affect the cryptocurrency market. The Bitcoin early bull is a highly anticipated process and some countries are already taking measures aimed at regulating digital currencies. In particular, the US government was one of the first to respond to the upcoming halving of Bitcoin. At the initiative of the Federal Reserve, emergency rates were reduced by basis 50 points. These
Analyzing the situation in the cryptocurrency market, the audit company KPMG reported on the need to strengthen the protection of digital assets from fraudulent activities. This statement was addressed to Bloomberg. KPMG experts believe that the cryptocurrency market has the opportunity to achieve a turnover of $ 245 billion, provided that measures are taken to improve data security. Every year, cryptocurrency shows high rates of involvement of investors, entrepreneurs, traders. But it is worth considering that the question of fraudulent actions in this market remains an acute issue. The measures taken to date do not guarantee the complete security of
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