S&P 500 Moves Above $3000 Defying Naysayers, Bitcoin and Altcoins to Follow?

10m
coingape

Bitcoin, Gold are Not Rising Because of Major Market Manipulation

42m
bitcoinist

FOMO Risk? THETA Outpacing Bitcoin With 1000% Gains Since March Crash

1h
cryptonewmedia

Chain Reaction - Ian Cassel: A Legendary Investor’s Search For A 100-Bagger

1h
letstalkbitcoin

Number of Countries Seeking IMF Bailout Nears 100

1h
beincrypto

Bitcoin [BTC] Prepares for Volatility with CME Contracts Expiration this Week

1h
coingape

Bitcoin Must Break $9,100 To Avoid A Major Downtrend: Here’s Why

2h
newsbtc

BTC/USD Retraces Higher from 2-Week Lows: Sally Ho's Technical Analysis 26 May 2020 BTC

5h
cryptodaily

Bitcoin Derivatives Data: After 15% Crash, BTC Is on the Verge of Recovering

5h
bitcoinist

Bitcoin Price Hits Two-Week Low, Garnering Interest from Small Investors

5h
cryptocurrencynews

Over 310,000 Bitcoin has Left Exchanges Since “Black Thursday”

5h
newsbtc

Power Ledger Extends Blockchain-Based Energy Trading to Thailand

6h
bitcoinnews

Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900

7h
bitcoinist

Bitcoin Could Confirm Recent Decline as a “Huge Bear Trap” if It Reclaims $9,200

7h
newsbtc

Khloe Kardashian’s Trashy Behavior Is Co-Signed By Tristan Thompson

8h
cryptonewmedia

Bitcoin Miners Spark Second Capitulation Of 2020. How Long Will It Last?

8h
zycrypto

Persona: Stephen Cole

8h
tokendaily

Meghan Markle & Prince Harry Will Not Find Relief in New York City

8h
cryptonewmedia

Visa Approves New DeFi-Enabled Crypto Card in EU and UK

9h
cryptonewmedia

Swiss Government Supports Blockchain Startups Offering Over $10 Million USD The Top 5 Cryptocurrencies to Mine [2020] Coldplay Bassist Launches Into Cryptocurrency, Backing New App The Coinbase Pump: OmiseGo (OMG) Sees A Massive Surge JPMorgan: Digital Currency Threat To Dollar Domination Coinbase Adopts A Remote-First Approach After Lockdown Lifts Bank Of France Successfully Launches Blockchain-Based Project Supernodes Across Europe Attacked By Cryptojackers To Illicitly Mine Monero Andreessen Horowitz On Crypto Entrepreneurs: “Excited To See What They Build” Elon Musk Confirms He Still Owns “Only 0.25 Bitcoin” Lambo 2020: Stamped In Time With New Collectable

9h
coininsider

Elon Musk & Grimes Are Using Their Son’s Name as a Selfish Art Experiment

10h
cryptonewmedia

Ethereum’s Macro Bear Structure Strengthens as Analysts Eye a Massive Decline

10h
bitcoinist

Spot-Driven Retail Selling Sparked Sunday’s Bloody Bitcoin Selloff

10h
newsbtc

Trader explains where Bitcoin price will go after $9k drop, believes Altcoins are set to moon

10h
zycrypto

Old Bitcoin Miner Proves Craig Wright has No Access to 145 Tulip Trust Addresses

11h
newsbtc


Bitcoin Expected to See Major Price Swings from April 11th Up to 19th

coinidol

2mon ago

Bitcoin will more likely experience major swings from April 11th through 19th since many countries including the US have strengthened restrictive measures to halt the COVID-19 pandemic. But despite the market facing pressure, just like any other markets, the general interest in BTC increases.

Before the next Full Moon, it is more likely that Bitcoin will flood the media but in a more positive way this time around. Investors and other risk-takers willing to plant their money in this nascent sector will beyond a shadow of a doubt see major swings from April 11th up to April 19th, 2020, as FXStreet reports.

So far, the BTC price has not plummeted to enter a bear drift once again. It has just plunged below key points such as the 200-day moving average, and it has started showing a possibility of further decline below the $7k but we have to wait and see how it will move through lower highs and lows.

As of April 9, Bitcoin is trading at $7,327 (0.64%) with a market cap (MC) of $134.19 billion and volume of $33.9 bln. The coin is expected to go higher in case it is able to break the $7,400-$7,500 resistance. It might even break the $8,000 barrier. Otherwise, we might see another downtrend with BTC falling to the level of $6,600-$6,800.

While bitcoin, as well as other cryptocurrencies, has been fluctuating, coronavirus seems to be stable in spreading around the world and taking away human lives. As of April 9, the outbreak of COVID-19 has affected 1,529,439, and claimed the lives of over 89,416 people globally, and has played a major part in the crash of the 2020 stock market.

Nevertheless, some experts think that this pandemic might actually be a benefit for the cryptocurrency industry. For instance, a famous cryptocurrency enthusiast Tim Draper thinks that this conflux of strands could be a climax that will bring in more new futuristic technologies as well as increasing the mass adoption of Bitcoin (BTC), smart contract and blockchain.

On the other hand, in his exclusive interview on YouTube, Tim was cynical about the proposal of the government to print money and bailout businesses claiming that the plan will take much time before money floods the universal economy.

When central banks go ahead to print money with the intentions of “economic stimulus” the economy will be negatively affected because the printed bills will more likely shrink in value. Nevertheless, Bitcoin has much more features including being open-source, frictionless, fast, cheap fees, transparent and maximum supply and all these are viable and sustainable alternatives to fiat currency with less value.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments