Tag Archives: Cryptocurrencies

The metaverse is a massive opportunity for the crypto space, according to a Bank of America strategist; Haim Israel who predicted that cryptocurrencies will finally be used widely for transactions in virtual worlds.He said crypto-based platforms will need developing, creating “a big opportunity for this entire ecosystem.”The metaverse is a …

The English Premier League considers a partnership with a cryptocurrency platform that provides non-fungible tokens (NFT).Minutes of the most recent meeting between the Premier League and fan representatives reveal the league is considering getting involved in NFTs, with sources saying the League’s approach will be “slow and cautious,” and different …

Bitcoin fell 8% Friday, on the same day, the S&P 500 index retreated by 2.3%, that is to mean the most famous cryptocurrency is not the ideal hedge against volatility in the financial market as may be claimed by its backers.The hedge today was bonds, similar to much of market …

Bitcoin tumbled nearly 8% Friday, November 26, after the discovery of a new, potentially vaccine-resistant mutated strain of the coronavirus, prompting investors to dump riskier assets for assets they consider safer such as bonds, the yen, and the dollar. Bitcoin, the largest cryptocurrency, fell as much as 7.8% to $54,377, …

Cryptocurrencies were generally lower on Wednesday as bitcoin traded in a tight range around $56,000. Technical indicators suggest limited downtrend around the $53,000 support level, which could keep buyers active toward $60,000 resistance.Trading volume is expected to retreat over the next few days, particularly on the U.S. Thanksgiving holiday Thursday. …

In the early morning, Bitcoin was trading at $58,089, up 4.4% from its Thursday’s low but down 0.9% in the last 24 hours. Bitcoin is down 10.4% over the past week, so the trend was definitely lower this week. Cryptocurrencies are having another volatile day on Friday but this time …

Bitcoin fluctuated around a key inflection point of $60,000 on Wednesday as traders appeared to rein in excessive speculation that is sent the world’s largest cryptocurrency to a record last week.Bitcoin has dropped roughly 13% from its all-time high of $68,990, recorded on Nov. 10, dipping below $60,000 on Wednesday.The …

Bitcoin fell around $60,000 on Tuesday, after it had been hit by a blend of bearish factors, including the US infrastructure bill that imposes tougher rules on cryptocurrencies trading taxes and a new warning from China to firms regarding mining.Bitcoin fell by more than 10% at one point, dropped below …

Gold prices fell on Friday, under pressure from the strength of the dollar, but it is heading towards recording the largest weekly jump in 6 months, as concerns about the rise in consumer prices in the United States led to the demand for the yellow metal as a hedge in …

Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …