Bitcoin’s Next Adoption Phase Imminent as Public Interest Surges
The Bitcoin space hasn’t looked this bullish since early 2014. Riding on the coattails of the current hype around blockchain technology engulfing the financial sector, Bitcoin is not only reaching yearly highs in price, but public interest has also spiked as of late. But is news of “the real Satoshi” the only reason for the resurgence or are we entering....
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Bitcoin’s dominance of the crypto market has been on the rise. This naturally comes with every downtrend in the market because although bitcoin takes a hit, the altcoins always record the worse losses, leaving them with less dominance of the market. Bitcoin’s dominance has however not stopped here. It has now spilled onto the derivatives market where the dominance of the pioneer cryptocurrency is even more apparent. Bitcoin Open Interest Surges The general open interest in the crypto market has been on a decline since the market took a hit in December. This is currently sitting at about....
People often complain of the early adoption phase in Bitcoin’s early years, with the many people who had either mined the currency or bought a significant amount when the price was far cheaper. Yet mining the cryptocurrency and hedging the virtual money is not the only phase of early adoption within this new economy. In fact, as the currency is less than....
With state legislators attempting to recognize bitcoin as legal tender in the U.S., we’ve entered a new, uncharted phase of adoption.
Bitcoin’s price has been showing signs of strength as its consolidation phase continues Although its upwards momentum has faltered, its current stability within the mid-$11,000 region is promising, as it points to some underlying strength amongst bulls Where the cryptocurrency trends in the near-term will likely depend primarily on its reaction to a couple of key levels One analyst is noting that a strong upside movement could be imminent in the near-term That being said, […]
A new report by Bitstamp and Bytetree says bitcoin responds better to the rising money supply, rising real interest rates and a strong economy. This is in contrast to gold which appears to perform better when real interest rates are falling while inflation is rising. To support these findings, the report points to the collapse of the gold price in Q2 of 2013, after the US Federal Reserve signalled it would raise rates in the future. During that period bitcoin value surged. In fact, the report asserts “that 2013 was bitcoin’s best-ever year (5400%) and gold’s worst year....