Bitcoin has outperformed the S&P 500 by 30% since March; will this trend continue?BTC $9500 (-1.4%) • ETH $198 (-0.9%) • XRP $0.20 (-1.3%)
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The entire world witnessed a once-per-decade bout of capitulation in mid-March that sent virtually all global markets into a tailspin, with the effects of this being particularly impactful to Bitcoin. The benchmark cryptocurrency saw a sharp decline that led it to nosedive from over $8,000 to lows of $3,800. This decline was perpetuated by a torrent of liquidations on the crypto trading platform BitMEX that proved to be too intense for buyers to absorb. In the time since rebounding from these lows, however, BTC has immensely outperformed the benchmark stock indices – a trend that is likely to persist throughout the months ahead.
More news ⏬Here’s why the next two weeks are pivotal for the Cardano Shelley pioneer testnet
Launched earlier this week, the Cardano’s pioneer Shelley testnet gathered a select group of pool operators that have been testing the Cardano network. Data reveals how 2020’s Bitcoin halving has a drastic fundamental difference than the past two
Bitcoin’s now-concluded halving was the talk of the town in 2020. The May 12 event saw immense media spotlight and institutional interest in the broader cryptocurrency space. Analyst: Ethereum 2.0 will be a bigger market catalyst than the Bitcoin halving
Due to the fact that the start of historical parabolic rallies in the Bitcoin price lined up with previous halvings, a reduction in block rewards has long been deemed the crypto market’s biggest and most promising catalyst for a bull run. Here’s why Bitcoin isn’t out of the woods yet despite rally to nearly $10k
Bitcoin saw some explosive momentum overnight that allowed it to briefly tap highs of $10,000 before settling back into the mid-$9,000 region. Pledging is set to keep Cardano (ADA) safe and decentralised; here’s how it works
With Shelley mainnet closer than ever, IOHK’s education director explained how the network will stay protected while maintaining high efficiency—pledging. What else?🙊 Is Reddit really launching Ethereum tokens for millions? Community Points explained 📈 Factors behind a Wall Street veteran’s forecast that Bitcoin will hit $20,000 in 2020 🛣 Idled Ethereum tokens are on the move suggesting incoming volatility 🐋 Bitcoin’s halving sent on-chain metrics through the roof while whales accumulate 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.
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