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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…

CoinStats Crypto Tracker App: 3 Reasons Why You Should Use It

“Behind every successful trader is a great crypto tracker app.” – CoinStats That is because trading bitcoin – and other cryptocurrencies – is trickier than it appears. Any trader with a mere $1 in his pocket can start speculating on more than 5,000 digital assets available to trade across a total of 504 regulated and…

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…

2020 Bitcoin Price Prediction – How High Can Bitcoin Go?

Bitcoin price prediction for 2020 is a mix-bag of bearish and bullish cases. Skeptics like Nouriel Roubini and Warren Buffett thinks that the bitcoin price is going to go to zero in the near future. Nevertheless, many believe that bitcoin could attain a six-figure valuation. Last week, Renaissance Technologies’ Medallion announced that it would allocate…

I Am an anti-FUD Bitcoin Op-Ed Piece

Bitcoin is back in the news again. This time, due to all the bad reasons. The benchmark cryptocurrency earlier this month slipped by up to 38 percent from its local peak of $10,540, according to data provided by CoinStats’ cryptocurrency portfolio management app. Meanwhile, it remained stuck in a much larger downtrend after establishing $14,000…

Nikkei Report Exposes PBoC’s Fear of Bitcoin

Bitcoin is giving the People’s Bank of China sleepless nights, according to a new report by the Nikkei Asian Review. The media coverage highlights how people in China have shown a middle-finger to the capital control measures imposed by their central bank and government. They are purchasing bitcoins en masse and using them in offshore…

Blow to Bitcoin as Trump Postpones China Tariffs

Bitcoin traded lower on Wednesday as the US delayed its plans to introduce fresh tariffs on some Chinese goods, registering yet another instance wherein the cryptocurrency shows correlation with macroeconomic events. The bitcoin-to-dollar exchange rate established an intraday low of $10,574.08, according to data fetched by CoinStats’ cryptocurrency portfolio management app. That brought the pair’s…