The World Bank has predicted that the global remittance industry will retract by 20% amid the global economic slow-down resulting from the coronavirus pandemic. With a plethora of crypto firms targeting the remittance sector, the news may comprise a poor omen for many blockchain firms seeking to gain a foothold in the cross-border payments industry. World Bank predicts record slump in remittances On April 22, the World Bank published a report predicting that 2020 will see the “sharpest decline of remittances in recent history.” Slashed wages and falling employment of migrant workers is expected to drive a 19.7% drop in …

Bitcoin (BTC) can rally to $1 million but coronavirus means that the baby boomer generation is “fucked,” a damning new macro report concludes. Originally published to clients on March 30, the report from Global Macro Investor dubbed “The Unfolding” paints a dismal future for the financial market. Pal: Boomers “will sell every rally they can” According to CEO Raoul Pal, who authored the report, coronavirus has fuelled the fire of systemic weakness across global markets. “The damage this does to the US pension system is incomprehensible. The Baby Boomers will sell every rally they can to protect their last, rapidly …

Bitcoin (BTC) is flipping its 50-day moving average (MA) to support and eyeing $7,200 for a “potential breakout,” a new report has concluded. Published on April 22, Delphi Digital’s latest market report concluded that signs were turning more bullish for BTC/USD. Dollar “refuses to collapse” Having regained $7,000 on Wednesday, the pair managed to broadly preserve its position above the 50MA, which had previously acted as resistance. Bitcoin 1-day price chart. Source: Coin360 “After a few weeks of consolidation, bitcoin appears to be eyeing a potential breakout around $7,200 and seems to be finding some support in its 50-day MA …

Crypto analyst at Brave New Coin Josh Olszewicz says Bitcoin (BTC) is about to see a buy signal the cryptocurrency only goes through once a quarter. In a Tweet on April 19th, Olszewicz shared a video commentary on the chart below to discuss the “once in a quarter, once a year biannual trade opportunity” for BTC. The analyst indicated that the digital asset is about to cross above the Ichimoku Cloud for the first time in five weeks, which might mean the price could be significantly higher than the $7,167 at press time. Source: Twitter “It doesn’t happen very often,” …

Bitcoin (BTC) price bull markets coincide with one specific macroeconomic trend — and the next may now be around the corner. In a Twitter debate on April 18, PlanB, the vocal analyst who created Bitcoin’s stock-to-flow price model, argued that the cryptocurrency benefitted from money printing. BTC waits as “QE infinity” passes $2T In particular, the United States Federal Reserve’s quantitative easing (QE) programs appeared to spark price improvements. “Very interesting that $1.5T 2013 QE3 coincides with 2013 bitcoin bull market,” one post reads. “What will 2020 QE4 bring? $2T and counting.” PlanB was responding to data from commentator Holger …

The creator of the stock-to-flow (S2F) Bitcoin (BTC) price model says that the upcoming block reward halving will decide if it lives or dies. In a series of tweets on April 16, PlanB said that he is sticking by the Bitcoin price increasing by “an order of magnitude” in the two years after the May halving. Analyst looks for fundamental insights from halving “(In my opinion) #bitcoin 2020 halving will be like 2012 & 2016. As per S2F model I expect 10x price (order of magnitude, not precise) 1-2 yrs after the halving,” he wrote. “Halving will be make-or-break for …

Cryptocurrency-related tweet volume and membership figures for Telegram crypto groups have both taken a dive since 2018 — but there are promising signs that social media engagement is starting to turn around. Joshua Frank, from analytics and finance management startup The Tie, told Cointelegraph nearly all cryptocurrencies saw a reduction in related Tweet volume from January 2018 to April 2020: “In January of 2018, Bitcoin’s 30-day average tweet volume peaked at just over 80,500 tweets per day. It has fallen 66% since that all-time high. That said, the majority of the drop off in Bitcoin Twitter volume occurred in 2018 …

Bitcoin (BTC) ultimately stands to go parabolic after the coronavirus ends, the author of the world’s bestselling personal finance book says. In a tweet on April 15, Robert Kiyosaki, who penned “Rich Dad Poor Dad,” argued that the coronavirus pandemic was “great” for Bitcoin. Kiyosaki: BTC among “best investments” The largest cryptocurrency, which has broadly stabilized since crashing to $3,700 in mid-March, is now one of the “best investments” available. “US gov printing $10 trillion in FAKE US $ to save US. FED printing $10 trillion to save SHADOW Banks,” Kiyosaki summarized. He added: “Dollar in BULL market for now. …

Writing from the United States Penitentiary Tucson, Ross Ulbricht sees Bitcoin (BTC) getting closer to the bears as a possibility for 2020. Posting to his personal Medium account on April 12, the Silk Road founder wrote the recent volatility of the cryptocurrency — in particular the March 12 bloodbath — will most likely lead to a bear market until “June or July 2020”. However, it could drag on into next year. “The cycle-degree bull market — from Bitcoin’s beginning to the ~$20,000 peak of late 2017 — is over. We are now in the last wave… of Bitcoin’s first cycle-degree …

Crypto exchange founder, Ballet crypto wallet company CEO and founder, and member of the Bitcoin foundation’s board of directors, Bobby Lee, sees soaring prices in Bitcoin’s (BTC) future, partially associated with its upcoming halving. "The fact that this is the first block halving after Bitcoin became a mainstream investment option for many people further increases Bitcoin's potential upward price movement compared with 2016," Lee said in a quote to Cointelegraph regarding the effect of the 2020 halving compared to previous years. "The past few weeks show that we will see a significant price jump ahead of the third block halving …

As the world’s biggest cryptocurrency, Bitcoin (BTC) is highly volatile, once surging from $1,000 to $20,000 in the span of just over a year. The coin has become the subject of infinite price predictions. Both optimistic and negative, some of these predictions have turned out to be extremely inaccurate. Vitalik Buterin, the well-known co-creator of the Ethereum network and its native cryptocurrency Ether (ETH), highlighted the two worst Bitcoin price predictions ever made since the digital currency was introduced back in 2009. In an April 6 tweet, Buterin emphasized that price predictions on crypto markets are “notorious for turning out …

As cryptocurrency markets have been edging up over the past two weeks amid multiple sell-offs on the mainstream market, the crypto community has become even more bullish on the price of the major cryptocurrency, Bitcoin (BTC). Mike Novogratz, CEO of crypto merchant bank Galaxy Digital and a well-known Bitcoin bull, has once again reiterated his bullish stance to the biggest cryptocurrency, predicting that Bitcoin should retest its $20,000 highs by the end of 2020. In an April 2 interview with CNBC’s Closing Bell, Novogratz also expressed his confidence that Bitcoin’s price should at least double before October 2020. While Novogratz …