Why has Bitcoin value become Stagnant?
Bitcoin opened July with a value of circa $640 and by the end of the month it settled at just under $590. During the month of July several events occurred that should have had an effect on the value of, what is recognized as, a volatile commodity (all currencies can be thought of as commodities in economics). During the month of July the proposed New York regulations for traders that accept bitcoins, as well as those that store them, were announced (BitLicense). This announcement happened on July 17th, yet the Bitcoin value remained stable until July 20th. Why did the market not act on....
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Happy Sunday, and welcome back to another Bitcoin News in Review, where we revisit some of our best stories of the week here on CryptoCoins News. This week (3 August - 10 August), we continued to see a remarkably stagnant Bitcoin price. saw the earliest bitcoins moving through the blockchain, saw GAW Miners purchase BTC.com for a cool $1 million, and more. Check out this Bitcoin News in Review after the break. CCN. Bitcoin Price - Stable or Stagnant? The Bitcoin price hasn't really changed much in a while. Bitcoin is perhaps one of the most volatile currencies in existence. Prices have....
The majority of Americans think the economy is rigged in favor of certain sectors at the expense of others. Meanwhile, the economy could be on the verge of another recession. Time to switch to Bitcoin to protect your wealth. According to a survey conducted in the US, a full 71% of responses indicated that they believe the economic system is skewed in favor of certain groups. In response to which came closer to their opinion on the US economy, three choices were presented: The economic system is rigged in favor of certain groups The economy system is fair to all Americans Don't know The....
The pandemic has had far-reaching consequences beyond the spread of the disease itself with millions at risk. Around the world, high unemployment and stagnant economic activity tend to lead to social unrest. Most people have heard the theory that in order to be truly independent you need to save, i. e. have a stable financial […]
Bitcoin’s price has been fairly stagnant as of late, remaining stuck within its macro trading range between $10,200 and $11,200. It is now pushing towards the upper boundary of this range and may soon be able to rally past it. If this level is broken in a sustainable move, it could indicate that serious upside […]
While most of the crypto economy’s digital assets have seen significant gains this month, Terra’s luna 2.0 has been stagnant as it has shed 24.37% against bitcoin during the last 30 days. LUNA is down 89.8% from the token’s all-time price high two months ago on May 28. Moreover, the whistleblower Fatman has revealed that victims of the Terra collapse have filed a class-action lawsuit against Terraform Labs, Do Kwon, and Nicholas Platias. Crypto Whistleblower Fatman Reveals Getting Involved in Terra Lawsuit so ‘Justice Can Take Its Course’ On July 26, the....