The Fed pumping the stock market might help Bitcoin, but not for the reason you expectBTC $6861 (+0.3%) • ETH $158 (+1.3%) • XRP $0.18 (-1.3%)
Despite cheering against central banks printing money and governments accumulating massive amounts of debt, these phenomena may be the very things that bolster Bitcoin’s price action in the months and years ahead. Some people believe that a collapse of the current economic system would bolster assets like Bitcoin due to economic participants fleeing to “hard money,” but one analyst is now noting that there could be another reason why loose monetary policy provides BTC with a boost. His analysis is primarily rooted in Bitcoin’s close correlation to the stock market, noting that the injection of freshly printed money into equities could create a tailwind that drives Bitcoin higher. More news ⏬Atomic Loans raises $2.45m to build a decentralized finance marketplace for Bitcoin
Atomic Loans has been given a boost to develop a decentralized lending protocol for Bitcoin. This billionaire investor believes Bitcoin has become a “macro weapon”
Billionaire investor and hedge fund manager Michael Novogratz is not quiet when it comes to his fondness for Bitcoin, with the legendary investor frequently evangelizing the digital asset when he makes the rounds on CNBC and other cable news networks. Data: XRP was one of the worst-performing crypto assets in Q1 2020
XRP has seen its fair share of rallies over the past two years, but the third-largest cryptocurrency by market capitalization has been underperforming its crypto peers. Bitcoin’s trend has never been this weak before halving: Should bulls be worried?
In approximately 30 days according to estimates, Bitcoin will see its next block reward reduction or “halving,” in which the number of coins issued per block will get cut in half from 12.5 to 6.25. What else?⛈ Bitcoin’s perfect storm: A Wall Street giant expects a “new world order” 🐞 Cardano (ADA) update: most problems with PoS solved, Byron reboot bug-free ⚡️ Key data metrics flip short for Litecoin as large transaction volume dives Featured event
🗓 April 16-17 • Virtual Event This spring the crypto community will head online to participate in the first-ever BlockDown 2020 remote crypto conference and hear from visionary blockchain entrepreneurs and business leaders, including global music artist Akon, Co-Founder & Chairman of Akoin, Roger Ver, Executive Chairman of Bitcoin.com, and Bitcoin Educator Jimmy Song. Learn more Featured sponsors🎬 ChainFlix - ChainFlix is a revolutionary blockchain-based P2P video streaming platform that allows viewers, content creators, and enhancers to monetize their time, contents, and efforts. In the Chainflix platform, coins are to be mined during the video-viewing process, and all participants in the system (content creators and activators, storage providers, viewers, operation participants and advertisers) are organically connected in a way to ensure user-oriented operation and fair distribution of blockchain-based and PoA algorithm-mined coins among the participants. Learn more ☁️ Bitcoin Wallet - Bitcoin Wallet is a cloud-based mobile and desktop cryptocurrency storage and exchange app with a focus on security, speed and convenience. Bitcoin Wallet allows you to use any coins, tokens and blockchains without any restrictions and limits. Learn more 💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
If you liked this post from CryptoSlate, why not share it? © 2020 Zenzio Incorporated Unsubscribe
|
