With bitcoin appearing to have stabilized, some investors will be wondering if now isn’t the time to wade back into cryptocurrency waters, especially if more upside is ahead.
Bitcoin demonstrates strong correlation with other risk assets like tech stocks over the past several weeks, undermining its role as a portfolio diversification tool
Down over 30% from its record near US$69,000 in November last year, examination of the Bitcoin blockchain appears to suggest that more investors are “hodling” for longer amounts of time…
Some analysts put the sharp recovery in bitcoin down to U.S. CPI data and the role of the cryptocurrency as a potential hedge against inflation
Stablecoins have been indispensable to cryptocurrency traders, providing a way to trade in and out of other digital tokens quickly and easily, but a Fed-issued digital dollar may provide a…
The benchmark cryptocurrency is now down around 14% for the year (at the time of writing) and as the U.S. Federal Reserve turns hawkish, even more volatility can be expected.
The list of challengers to Ethereum’s dominance in the decentralized finance or DeFi space as well as its use in smart contracts, is long.
Traders are sitting on the sidelines either way, with buying activity keeping the support of US$40,000 intact for now, but without any major catalyst to see a fresh uptick
Fed is tightening in response to inflationary pressures, which feeds into bitcoin’s narrative as a supposed hedge against inflation
Joining in on the tech stock rout, cryptocurrencies were hammered with bitcoin plummeting to around US$42,200 at the time of writing, as what the Fed giveth, the Fed can also…