The increasingly high positive correlation between Bitcoin and other cryptocurrencies is bringing their prices down, now that the tide has turned against Bitcoin since the spectacular rally towards the $20,000 area in mid-December 2017. With a market capitalization of $111 billion, the BTC continues to recoup the cryptocurrency market dominance it once had. Correlation Between… Continue reading Bitcoin is Dragging Other Cryptocurrencies Down as Correlation Between Them Increases
Category: Bitcoin
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Bitcoin Suffers Severe Blow to Legitimacy, but It’s Based on “Fake News”
Larry Shover, the chief financial officer at SFG Alternatives, has stated that he feels the news circulating yesterday about Goldman Sachs’ shelving of plans to launch their own cryptocurrency trading desk has dealt the leading digital asset’s legitimacy a “severe blow.” The main issue with Shover’s analysis is that it is based on a journalistic… Continue reading Bitcoin Suffers Severe Blow to Legitimacy, but It’s Based on “Fake News”