If you ever thought only gold, diamond, or oil were found underneath the ground, you might be wrong in the 21st Century world as recent cases of bitcoin mining have proved that crypto mines equally do well underground. Chinese police have discovered an illegal Bitcoin mining farm beneath a cemetery.
Goldman Sachs, the leading global investment banking management multinational firm, is set to host a client call to discuss Bitcoin, inflation, and gold on Wednesday, May 27, at 10:30 am EST according to a leaked invitation letter shared on twitter.
A weighty Bitcoin (BTC) transaction was conducted on April 10, which has caught the attention of digital asset whale watchers and the entire crypto asset community at large. A BTC address recently moved around 146,500 BTC (worth approx. $1.1 bln at the time of transaction) in a single transaction.
As the cryptocurrency market continued to plunge over the weekend and today, the voices of leading Bitcoin critics are rising again. Nouriel Roubini, a professor at New York University and gold investment expert Peter Schiff, known as "Doctor Doom," reaffirmed his claims about bitcoin's collapse.
Correspondence of interest rate cuts by the US Federal Reserve to respond to the recession crisis caused by the global spread of new coronavirus (COVID-19) is growing, and interest in the cryptocurrency market is increasing.
Recently, with increasing interest in whether Bitcoin will become a safe digital asset such as gold, it has been evaluated that it is not yet a safe asset. Looking at where the price of BTC is standing right now (BTC/USD $8775, -0.74%), a beginner in this nascent industry finds it hard that the token has ever traded above the $20,000.
On March 2nd, the technical indicators of Ethereum showed oversold over the weekend and recovering. The Relative Strength Index (RSI), a technical indicator of Ethereum, entered the oversold (O/S) segment and then escaped the segment on the 2nd.