Category: Bitcoinist

Bitcoinist News Feed

We Are Near a “Plateau” for Ethereum DeFi Due to Latency Issues: Top Investor

Decentralized finance has rapidly become Ethereum’s “killer use case,” many analysts have recently said. DeFi, as the sub-sector is now known as, contains nearly $1 billion worth of locked value, along with some of the industry’s most prominent investors and Read More

60/40 Portfolios Will Pick Bitcoin over Government Bonds, Claims Veteran Investor –

Bitcoin could attract higher demand from hedge funds as government bonds return poor yields. Portfolios with 60 percent exposure in the stock market and the rest 40 percent in the sovereign notes would diversify into Bitcoin/Gold, according to Dan Tapeiro, Read More

Despite Recovery Rally, Ethereum Is Primed to Fall Towards $200: Analyst

After yesterday’s retracement in the prices of Bitcoin, Ethereum, and other top cryptocurrencies, analysts are already expecting more downside. One trader suggested that ETH is trading in a textbook broadening wedge formation that will invalidate by being broken to the Read More

Bitcoin Stares at Another Big Plunge as Mining Difficulty Hints Dropping 10.25% –

Bitcoin mining difficulty could drop by 10.25 percent on Thursday. It will be the most significant downward adjustment since “halving.” Historically, wild negative swings in Bitcoin’s mining difficulty has led to significant price drops. Bitcoin risks undergoing a short-term price Read More

Here’s Why Bitcoin’s V-Shaped Recovery from $3,800 Spells Trouble for What’s Next

Bitcoin has now entered a consolidation phase within the mid-$9,000 region following the meltdown seen yesterday This has made it increasingly unclear as to which direction the benchmark cryptocurrency will trend over a mid-term time frame One analyst is calling Read More