With the spread of smartphone-based apps and commission-free independent trading platforms, investing becomes accessible as never before. Now, in the times of Covid-19, many traders and brokers have a rare opportunity to play on market setbacks and turn them into a positive return.
In the past 24 hours, Bitcoin (BTC), the market's number one digital currency, has continued to increase slightly, changing hands at around $7,788. Bitcoin may be preparing for another massive bull run like that happened sometime back.
Some well-known industry players, such as Google and Apple, have to take up extra measures to shield cryptocurrency users from scams during pandemics. Their efforts will now be directed at blocking malicious advertisements on the internet as well as protecting mail users from phishing emails.
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.
Ethereum is showing signs of a rebound this week after losing its upside momentum in late February and falling again this week. The world’s leading cryptocurrency Bitcoin is expected to surpass $9000 price level.
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.
A new Crypto ATM review has indicated that the number of Bitcoin ATMs globally increased by more than 56 percent in 2019. According to the same report, the number of new Bitcoin users did not vary significantly from the 2018 figure. Experts believe that the rate at which new people join bitcoin is somewhat stagnant.
Litecoin makes a surprising downward move after repeated failure to attain the upper price level. The currency had been consolidating previously for two weeks in October but the bears push the price below the consolidation area. However, the trend corrected upward as the coin resumes its consolidation above the $50 support.
Adoption in digital currencies, especially Bitcoin (BTC), appears to be growing at a high rate in the Hong Kong SAR. Last week, a Bitcoin startup firm LocalBitcoins saw its peak trading volume ever in the special administrative region Hong Kong.