MicroStrategy shares up 20% in the week following Trump’s victory, rate cuts

Bitcoin (BTC) and the United States equities markets are trying to start the week on a positive note but some analysts are skeptical about the short-term prospects of the markets. According to Bloomberg Intelligence senior macro strategist Mike McGlone, Bitcoin will face significant resistance at $25,000. McGlone believes that it “may be a while before buy-and-hold…

The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.” 495 Total views 26 Total shares Own this piece of history Collect this article as an NFTA myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the…

A Bitcoin price correction to $17,250 fulfills analysts' expectations as $20,000 all-time highs prove difficult to overcome. 3250 Total views 20 Total shares Bitcoin (BTC) dropped $1,000 in minutes on Nov. 26 as a long-awaited pullback hit the market at close to $19,500.BTC price hits $17,250 lowsData from Cointelegraph Markets and TradingView showed BTC/USD experiencing…

Cryptocurrency ETP volumes continue to drop as long-term investors look for safer options during Bitcoin’s dry spell. According to a recent report by CryptoCompare, a digital asset data resource, aggregate trading volumes exchange traded products (ETP) have plummeted drastically in the month of September. Aggregate ETP Volume ($millions) Source: CryptoCompareOverall daily cryptorrency ETP volumes plunged by…

The increasing conflict between regulators and digital currencies doesn’t seem to slow down BTC. In a period filled with holidays, the cryptocurrency industry refused to take a day off. Strong market performances from Bitcoin (BTC) and some other high profile alt-coins like Ether (ETH,) was offset by the legal action against Ripple by the United States Securities…

Swiss-based investment bank and financial services company the Union Bank of Switzerland (UBS) said that Bitcoin’s (BTC) scalability and volatility are still too high for the cryptocurrency to be used as “money,” CNBC reported August 2. In a note to clients, UBS strategist Joni Teves claimed that until regulatory support is in place and technical…

The Bitcoin (BTC) price surged to all-time highs on Wednesday, zipping past $20,000 in a show of bullish momentum for the flagship cryptocurrency. Although it’s easy to draw parallels between this year’s bull market and the speculative frenzy that drove the 2017 rally, the foundations underpinning Bitcoin are much stronger today than they were just a…

Bitcoin (BTC) proponents were reacting to fresh criticism of cryptocurrency from the United States government July 16, following a press conference with Treasury Secretary, Steven Mnuchin.Mnuchin, who held the 30-minute event on Monday, said he wished to focus explicitly on Bitcoin and Facebook’s Libra digital currency protocol.He referred to both as “cryptocurrencies,” despite analysis confirming…

On Aug. 27, U.S. Federal Reserve Chair Jerome Powell said that the central bank will start tapering its $120 billion monthly bond purchases by the end of the year, but the interest rate hikes would have to wait until the job market and inflation pass a more stringent test.In response to the speech, the U.S.…