fbpx

Bitcoin and Its Rebound Relationship with Gold

Bitcoin this week broke up its three-month-old relationship with the US stocks. The hottest cryptocurrency is now dating gold. A rebound relationship ensues. In non-Woody Allen’s terms, the short-term correlation between Bitcoin and the S&P 500 plunged this week – from 78.8 percent two weeks ago to 42 percent. At the same time, the cryptocurrency’s proximity with…

The DeFi Runs Ahead of Bitcoin, Stocks, Gold, And Others

The pace of gains in DeFi is crazy. Also known as Decentralized Finance, the DeFi sector is booming in anticipation that it would change the way people look at finance.  Instead of a prominent banking corporation sitting in the middle of a borrower and a pile of cash, one has an automated protocol governing the…

Beware of a China-Induced Bitcoin Plunge

Last week, CoinStats discussed how Bitcoin investors should prepare for a stormy second half of 2020. So it appears, the raining has started in China. This Monday, the CSI 300 index, a collection of China’s most significant stocks listed in Shenzhen and Shanghai, surged 5.67 percent. It kept on rising higher further into the week, with…

Bitcoin At Risks of Falling as Global Market “Reckoning” Begins

Bitcoin has rallied by more than 150 percent from its mid-March low of $3,858. But the cryptocurrency’s supersonic recovery risks fizzling out amid rising concerns about the next global market sell-off. A string of bearish macroeconomic catalysts, including quantitative tightening, could send Bitcoin price lower. Bitcoin price may find itself amid a global market storm…

Negative Interest Rates & Its Potential Impact on Crypto Market

“Negative interest rates? Over my dead body.” Jerome Powell did not say that. But if one were to reimagine the Federal Reserve chairman in a superhero comic book, that is precisely how his dramatized version would have screamed about “the biggest monetary policy experiment of modern times.” In the real world, a less-theatrical Powell conveyed…

Binance vs Coinbase: Which Crypto Exchange Is Better?

In this article, CoinStats delves into the world of two exchanges to know which one is better in the always-heated Binance vs Coinbase competition. The first step for any average Joe who has just decided to venture into the world of cryptocurrency trading is to find that one crypto exchange that brings a decent debut…