The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Fundstrat Global Advisors co-founder Tom Lee expects Bitcoin to reach $20,000 this year. He believes that increased liquidity due to the Fed’s rate cut will drive money into risk assets that will help the leading cryptocurrency. Bitcoin will also work as a hedge due to its low correlation to other asset classes. Echoing a …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The United States Federal Reserve cut rates today for the first time since 2008, which some believe is unwarranted as the economy is on strong footing. The rate slash is seen by some as a means to appease President Donald Trump, who has been critical of the Fed’s monetary policy. The rate cut could …

In its latest rankings, the Chinese CCID Research Institute put Bitcoin (BTC) in eleventh place on a list of 37 digital currencies in terms of technology, application and innovation. The ranking results were published by Forex Crunch on July 31. The CCID Research Institute is an initiative of China’s Ministry of Industry and Information Technology that provides a monthly assessment of cryptocurrency projects. The assessment takes into account 37 cryptocurrencies and considers their properties such as basic technology, applicability and innovation, which put together form a total value index. Cryptocurrency project EOS (EOS) leads the list, having gained the highest …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. After facing opposition from regulators across the world, Facebook has warned that its Libra project might not see the light of the day. If Libra has to succeed, it has to obtain the necessary approvals from regulators and policymakers, which looks increasingly difficult. With Libra, the adoption and use of cryptocurrencies could have surged …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. While large economies are confused on how to handle cryptocurrencies, smaller nations — Belarus, Bahrain, Malta and Gibraltar — have taken the lead. They have created specific rules for the sector and are offering an environment that provides security to investors. If these nations succeed in attracting investments, we expect larger nations to become …

Monday, July 29 — crypto markets are seeing mild fluctuations, mixed red and green, while Bitcoin (BTC) is holding ground around the $9,600 mark. Market visualization. Source: Coin360 After a sharp fall on July 28 and a further correction to $9,250 the following day, the top coin has since recovered and stabilized around the $9,590 mark — up 0.5% on the day. On the week, the coin’s losses are at around 7%, with monthly losses pushing 20%. In light of Bitcoin’s sharp downward turn since its 2019 high of $13,739, Cointelegraph yesterday published an analysis piece covering experts’ still-bullish outlook …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The uncertainty regarding regulators is keeping the upside in check. However, improving fundamentals have made a floor below a few major cryptocurrencies. The rest are lagging behind and might drop to new yearly lows. This shows that markets have started to differentiate between the altcoins. Hence, traders should buy the altcoins that will lead …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. There is a sea of red as most of the top 20 currencies are showing negative returns for the week. This shows that the market is in a bear grip. The total market capitalization has dipped from over $385 billion on June 27 to just over $262 billion at press time. Though Bitcoin …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The sentiment in the crypto space is fragile. Even a whiff of negative news or rumor results in sharp selling. The markets are ignoring the favorable news and are focused on negative news and events. However, at lower levels, we expect the institutional players who had missed out on the previous rally to start …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. A new study by digital asset management fund Grayscale Investments shows that 83% of American investors are likely to invest in Bitcoin. Another interesting finding was that the average age of Bitcoin investors was 42. This means that even traditional investors are allocating some portion of their portfolio to cryptocurrencies. As the markets mature, …

California-based crypto wallet service Abra will restrict some services for American users starting from August. Abra will have to enforce some system modifications due to continued regulatory uncertainty in the United States, according to a blog post on July 25. Notably, American users will no longer be able to hold a number of cryptocurrencies, including EOS (EOS). U.S. users can’t hold certain altcoins Specifically, the platform will start migrating its smart contract-based synthetic assets to a native hosted wallet solution, adding that those assets are defined on Abra as anything other than Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin …

The Croatian Post has partnered with Electrocoin to run a pilot program for a crypto-to-fiat exchange in the city of Zadar. The pilot service will reportedly enable crypto holders to convert Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP and EOS to cash in one of the Croatian Post’s local offices, according to an announcement by the postal service on July 24. The exchange pilot is currently available at three post offices in Zadar in order to gauge market interest in the service. The Croatian Post ultimately aims to spread the service to major cities and tourist centers throughout Croatia. According …