Day: March 11, 2020

Despite 25% Correction From Bitcoin’s Peak, Top Analyst Still Expects a Great 2020

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Despite the slight recovery, Bitcoin remains decisively down on the week, trending far lower since the $9,200 high was established on Saturday. In fact, from the local top, the cryptocurrency has lost 12%, and over 25% since February’s $10,500 top, dramatically underperforming traditional markets in the same time period. Many traders have lost their shirts during the drop and, as a result, have begun to fear the existence of a long-term uptrend in the crypto market. Though, leading analysts have asserted that there is nothing to fear, trying to assuage…

Despite 25% Correction From Bitcoin’s Peak, Top Analyst Still Expects a Great 2020

boss

Despite the slight recovery, Bitcoin remains decisively down on the week, trending far lower since the $9,200 high was established on Saturday. In fact, from the local top, the cryptocurrency has lost 12%, and over 25% since February’s $10,500 top, dramatically underperforming traditional markets in the same time period. Many traders have lost their shirts during the drop and, as a result, have begun to fear the existence of a long-term uptrend in the crypto market. Though, leading analysts have asserted that there is nothing to fear, trying to assuage…

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What Is a ‘Circuit Breaker’ and Why Do Exchanges Need Them?

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Traditional exchanges have been using “circuit breakers” to curb panic selling, and it might be time for crypto exchanges to follow suit. Yesterday, March 9, trading on the New York Stock Exchange was suspended for 15 minutes. This was due to the S&P 500 Index shedding more than 7% in the morning trading hours. A circuit breaker is a mechanism that suspends trading for a period of time based on market triggers, like Monday’s 7% decline, to prevent traders from behaving in a way that could cause further market slides.…

When Will Bitcoin Join the DeFi Revolution?

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As of early February, more than $1 billion U.S. dollars of assets reside in decentralized finance protocols, commonly called DeFi protocols. DeFi protocols and platforms offer crypto holders sophisticated financial tools that were unavailable to them just a year or two prior, but the rapid evolution and speedy adoption of DeFi has left some observers wondering about the ecosystem’s future. Skeptics and supporters alike want to know when Bitcoin (BTC) — the first and most popular cryptocurrency — will receive adequate DeFi support. Decentralized finance with Bitcoin is on the…