The Goldman Sachs Investment Strategy team claims that Bitcoin is not a viable investment vehicle. Bybit Insight looks at the viability of the claims.
The credibility of the self-proclaimed Bitcoin inventor, Craig Wright, is in question yet again as he was called “a liar and a fraud” in a recent message signed with the blockchain address he claimed to own.
Bitcoin’s hash rate has decreased significantly from 137 EH/s on May 11 before the halving to as low as 81.6 EH/s on May 17, a 40% decline in a week.
On 20 May, 50 BTC was moved from a dormant address dating back to February 2009. It prompted speculation that this was the actions of Satoshi and spooked the crypto markets.
Trump called for negative benchmark rates once again but Fed has ruled it out. The low to negative rates may lead to high inflation in the coming years.
BTC price peaked on last Friday at 10,000 USD, dropped to around 8,200 USD and range trading since then. The halving last night hasn’t pictured a new trend yet.
BTC is back up to $10,000 before the Bitcoin halving. Bybit insight looks at the current circumstances of Bitcoin before this momentous event.
US-China tensions have been rising in light of the Covid-19 epidemic. Bybit Insight takes a look at how the crypto market has been affected.
Institutional investors are weighing in on the crypto universe, and this is becoming a driving force which cannot be ignored. Bybit Insight takes a look.
Gilead Sciences’s successful trial with the drug remederivir results has driven the price of risk assets up, including Bitcoin. But, sustainability is a question mark as profit taking has already emerged.