The Litecoin price has been pushing lower over the past four sessions now at quite some pace. Market bulls were unable to sustain the upside momentum, which was firmly seen across the board last week. LTC/USD had initially gained a big chunky 66%, be
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Bitcoin Exchange Giant Huobi Announces Post-Christmas Layoffs
Chinese mining giant Bitmain Technology and cryptocurrency exchange operator Huobi Group have both announced plans to lay off staff but for different reasons, per reports on the South China Morning Post (SCMP). Bitmain revealed its intention in a sta
Dow Jones Recovers by 5% But Why Are Investors Still ” Shell-Shocked??
Following a troubling performance on Christmas Eve, on December 26, the Dow Jones recorded a 5 percent increase of more than 1000 points, avoiding a bear market. Technology stocks in the likes of Amazon have recorded strong daily gains possibly due t
Bitcoin Price Significantly Outperforming the S&P 500 in December
In December, traders’ investment in the cryptocurrency market has been comparatively better than what it was on Wall Street, as demonstrated by the relative performance of the Bitcoin price and S&P 500 index. S&P 500 Slumps Below Bitcoi
Bitcoin Price Finds Bears Near $4,200, At Last Leg Before Breakdown
Bitcoin price on Wednesday traded inside a narrow session range as the market assessed the bearish correction of the previous day. The Bitcoin/Dollar rate started the trading session with a jump towards $3,850 but rejected extended upside targets in
Scientists Turn Copper into ?Gold' — Will Bitcoin Replace as Store of Value?
According to a new paper published in a peer-reviewed scientific journal, researchers in China have made a groundbreaking discovery that could profoundly impact the face of the precious metals landscape — and provide bitcoin with an opportunity
Newsflash: Dow Climbs 1,050 Points in Largest-Ever Rally While Bitcoin Slumps
The US stock market may be in dire straits relative to its early-year performance, but don’t call it a recession yet. Bolstered by strong showings from the retail and energy sectors, the Dow Jones Industrial Average and S&P 500 each posted
Can the OTC Market Actually Have a Significant Impact on the Bitcoin Price?
The over-the-counter (OTC) market has long been considered to be bigger in size and volume than the crypto exchange market, having a bigger impact on the Bitcoin price. Large institutional investors and high profile retail traders often rely on the O
‘Extremely Bearish’: Crypto VC Says Bitmain Layoffs Could Spell Doom for Bitcoin Cash and Litecoin
Ongoing layoffs at cryptocurrency mega-firm Bitmain could start a fresh wave of selling in Bitcoin Cash and Litecoin markets, according to prominent crypto investor Kyle Samani. The cryptocurrency-focused venture capitalist said in a tweet that the B
GMO Had a Plan to Take Down Bitmain; Now It’s Bidding Bitcoin Mining Goodbye
More than a year after launching an in-house mining business, Japanese internet conglomerate GMO Internet has announced that it will no longer, develop, manufacture, or sell cryptocurrency mining equipment. In a statement, the Japanese tech firm disc