After weeks, Bitcoin drops below $11000
This is not really good news for the world’s top cryptocurrency by market cap to experience such a nasty fall. Having enjoyed being above $11K for weeks, Bitcoin dropped to $10,800 at the time of writing this article.
After months of suffering from Coronavirus pandemic, USD is recovering and regaining strength and keeps its place in the top currencies. This is of course good news for the US and some countries, it’s not so good Bitcoin. As Bitcoin price always drops when USD is on top of the currency chart.
Previously it was assumed that USD was subject to harsh economy situations like inflation. Therefore, many considered Bitcoin as the replacement which is not vulnerable to inflation and serves as a powerful and trustworthy asset which hedges your wealth in the economic downturns and harsh financial circumstances.
Although very volatile, Bitcoin has not failed people entirely regarding the past two months and has remained quite stable although it has been volatile and weak in maintaining the momentum which pops in when crossing the threshold. As of now, Bitcoin has plunged below its level by $1000.
Some predations have been made regarding the future days of the Bitcoin, and even some believe that this cryptocurrency may have a quick crash, others like Mike Novogratz of Galaxy Investment Partners disagree. He believes that Neither Bitcoin nor Ethereum are going away. And the cycle of innovations continues.
Twitter CEO Justifies President Trump’s Twitter account Ban and expresses his interest Bitcoin as a free technology
The attack on the Capitol last week is reason enough to ban Donald Trump’s Twitter account said Jack Dorsey, the CEO of Twitter, while he also appreciated Bitco ...
JAN 14, 2021
Did you know that there are 3 types of Bitcoin addresses? Legacy, Nested SegWit and Native SegWit
Anyone who has been dealing with Bitcoin knows that to transfer any amount of BTC you need a Bitcoin address, and that there are 3 types of addresses; Legacy, N ...
JAN 13, 2021
Nexon rejects claims of its intentions on buying Bithumb
Rumor had it that last week, a South Korean video game company had made a generous offer to buy an exchange for approximately $460 million. ...
JAN 11, 2021
You may lose all your money if you are trading Crypto
A grim warning to crypto-traders was issued by Britain’s financial watchdog when Bitcoin surged again after a dip. ...
JAN 11, 2021