Crypto Markets

Bitcoin breaks above $50,000 for the first time in four weeks.

Cryptocurrencies were broadly higher on Tuesday afternoon as bitcoin crossed a key level of $50,000 for the first time in four weeks. Bitcoin was up 5.4%, trading at $50,120. Ethereum, the second-biggest crypto by market cap, was up 3.3% to trade at $3,445. “The big factor for the bitcoin price now is if it can continue to move higher, and that will only depend on where the price will close today [Tuesday],” said Naeem Aslam, chief market analyst at AvaTrade. Bitcoin is highly likely to see more upside moves. “In

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader

Beginners Vs. Experienced: How Both Buy Bitcoin?

Several financial sector regulators, including the US SEC and multinational financial institutions, have classified Bitcoin as an asset. Although it was initially created to serve as a currency, beginner or experienced investors treat BTC as an asset.Different traders – whether beginner or experienced – have different approaches to buying Bitcoin. This article covers how to buy cryptocurrency if you are either beginner or experienced crypto trader/investor.How do Beginners Buy Bitcoin?Mostly Trend FollowingFor beginners, the crypto market can seem overwhelming at first. They are not well-versed in market analysis and the

To Do Crypto or Forex Trading? Here are Major Differences, Pros and Cons for Each

Crypto and forex or foreign exchange trading are similar in multiple ways: they both involve trading and exchanging of currencies. If you were looking into which one to do, we got an entire list of things you can consider, the challenges, benefits and drawbacks for engaging in each. Forex is still a considerable choice for those willing to invest in regulated currencies, hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, and other styles. Managers, commercial banks, central banks, money managers and