The Fed pumping the stock market might help Bitcoin, but not for the reason you expect
BTC $6862 (-2%) • ETH $157 (-2.7%) • XRP $0.19 (-1.7%)
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Although Bitcoin investors expected disruption, what has transpired over the few weeks in the global economy has been wholly unexpected, even by some of the most radical thinkers.
To stave off the economic effects of the coronavirus outbreak and the subsequent lockdowns placed all aspects of daily life the world over, governments and central banks have gone into overdrive, bailing out everyone in their scopes.
There’s also been growing distrust in institutions, accentuated by the below clip of a recent CNBC show in which Chamath Palihapitiya — a noted Bitcoin bull, the CEO of Social Capital, and one of the earliest Facebook executives — lambasted hedge funds and corporations getting bailed out by the White House.
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. Non-custodial Bitcoin-backed loans are coming soon Atomic Loans, a startup focused on developing peer-to-peer Bitcoin-backed loans, announced that it has raised $2.45 million in seed round funding led by Initialized Capital. The funds will be used to continue research and […]
BThis 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. Although it’s no secret that he’s bullish on BTC, he is now noting that he […]
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. Case in point: from its all-time high around $3.30, the cryptocurrency has tanked 95 percent, underperforming Bitcoin’s relatively mere 67 percent drop from its high. At one point three […]
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.
Key data metrics flip short for Litecoin as large transaction volume dives
It has been a rough year for Litecoin, with the cryptocurrency incurring some intense selling pressure throughout the past month that has led it to set fresh year-to-date lows over the course of the past few days.
Cardano (ADA) update: most problems with PoS solved, Byron reboot bug-free
Charles Hoskinson, the CEO of IOHK, addressed the development status of Cardano in an Easter video update, saying that the ongoing Byron reboot has been successful and bug-free.
What else?
💥 Bitcoin’s perfect storm: A Wall Street giant expects a “new world order”
🧊 Chainlink leads market-wide surge as recent technical breakout bolsters price action
🐻 Bitcoin community shocked as Ross Ulbricht shares a bearish BTC analysis
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