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Bitcoin price shakes off $157M BTC futures expiry — Is $12,000 next?

Bitcoin barely reacted to today’s CME futures expiry, but is this a bullish or bearish signal? Today’s Bitcoin (BTC) futures expiry was lackluster both in terms of price impact and volume. Open interest dropped by a mere $157 million, barely moving from its $5 billion mark. As CoinTelegraph correctly predicted yesterday, this most recent CME Bitcoin […]

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Analysts Fear a Strong US Dollar Will Dampen Bitcoin’s Bullish Momentum

Bitcoin and gold price dropped as the U.S. Dollar Index rallied, leading analysts to speculate whether a strong dollar will slow BTC’s momentum. On Aug 21, Bitcoin (BTC) price declined by more than 3% from around $11,880 to $11,511 on Coinbase. Coincidentally, the U.S. Dollar Index (DXY) started to rebound from its 4-month downturn.BTC/USD daily […]

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Will Crypto Surpass Gold as a Reserve Currency?

Gold has been the world’s standard reserve currency for hundreds of years. Even as the world has moved to fiat currency, governments and investors alike still look to gold as a reliable alternative. Given recent volatility, though, it may be crypto’s chance to step in as a different, perhaps more secure option. On Tuesday, August […]