Brian Armstrong, the CEO of Coinbase, sees a bright future for cryptocurrencies under President Trump. Speaking at the World Economic Forum in Davos, Switzerland, Armstrong predicted that the new administration's policies could drive fresh investment into the crypto market. "The Trump effect is real, " he stated. Armstrong believes that Trump's support for crypto co...
During the COVID-19 pandemic, many people wondered if cryptocurrencies acted like gold during financial crises. This study looked at the top 10 traded cryptocurrencies and their connection to gold and crude oil markets before and during COVID-19. Researchers used various statistical methods to find out. Gold was a strong safe haven for Bitcoin, Litecoin, and Monero d...
Ever thought about what happens to cryptocurrencies when the market gets tough? Researchers used complex models like Student-t, Frank, and Clayton, along with Copula methods, to find the answers. They cleaned the data with EGARCH for return rates and GARCH for trading volumes. So, what did they learn? Bitcoin, Ripple, and Litecoin all saw drops in both return rates a...
Ever wondered how investor interest impacts the ups and downs of cryptocurrencies, especially during a global pandemic like COVID-19? This study looked at the top 20 cryptocurrencies from January 2016 to April 2021 to find out. They used a method called Two Stages Least Squares to see how investor attention and market reversals affected returns. Guess what? Investor...
Have you ever wondered how to make sense of the crazy ups and downs of cryptocurrencies? Well, researchers have come up with a clever idea: using smart computers, known as stochastic neural networks, to predict prices. Traditional trading methods just look at averages, but they can't handle the wild swings of the crypto market. So, these researchers added some random...
Bitcoin, the popular cryptocurrency, has been studied for its price differences across markets. This research delves deeper by looking at trade data from LocalBitcoins. com, a peer-to-peer exchange platform. It explores how economic and regulatory factors shape Bitcoin markets and how cryptocurrencies help move money internationally. By comparing Bitcoin prices, rese...
President-elect Donald Trump's social media company is in late-stage talks to buy Bakkt, a cryptocurrency trading platform. This news, reported by the Financial Times, sent both companies' stocks soaring. Trump Media's stock jumped 16%, hitting $32, while Bakkt's stock skyrocketed 162%, trading at $29 before the market closed, triggering a temporary trading halt. Bak...
Microsoft is facing a big decision. On December 10, its shareholders will vote on whether the company should invest in Bitcoin. This vote comes after a conservative think tank, the National Center for Public Policy Research, suggested that Bitcoin could be a great way to protect against inflation. But Microsoft's board isn't so sure. They say the company already look...
Cryptocurrencies are having a tough day, with Bitcoin plummeting below $65, 000. This dip follows a broader market trend, reflecting a similar decline in traditional stock markets. Over the past 24 hours, Bitcoin has lost more than 2. 5% of its value, dashing hopes of hitting the $70, 000 mark that seemed possible just a week ago. This downward spiral highlights the ...
Bitcoin's price is soaring, reaching about $68, 000, up by 9. 5% over the past week and 2. 8% in a single day. This surge is fueled by investors flocking to U. S. spot bitcoin ETFs, which saw a massive inflow of over half a billion dollars in one day. According to Farside, this is the largest daily inflow since June. Fidelity's Wise Bitcoin Origin Fund led the way wi...