First Mover: Bitcoin Rally Shows Traders Don’t Care That Goldman Hates Their Asset Class
Traders can also gloat over how much better bitcoin is performing in 2020 than Goldman Sachs shares.
Protests over the death of George Floyd in Minneapolis could have implications for inflation and trust in the financial system.
After another failure above the $10,000 mark, some bitcoin traders are now looking ahead to this week's European Central Bank meeting, where authorities could commit to an extra €500 billion in money injections – er, asset purchases.
The $20,000 in 2020 prediction may be overly optimistic, but analysts agree bitcoin is likely heading north.
The controversial cryptocurrency is winning in the crypto markets this year as developers and investors see its blockchain's technical differences as a good thing.
0x's ZRX token was May’s best performing crypto asset, beating bitcoin by a big margin.
Bitcoin's recent price rally and industry optimism contrast with the downbeat tone in the U.S. stock market. Even Visa's CEO says digital currencies could be "additive to the payments ecosystem."
Bitcoin is rallying again, and some analysts are taking a closer look at data extracted from the underlying blockchain for signals on whether cryptocurrency miners are buying or selling. Or if they're HODLing.