Cryptocurrencies appeared to find a floor toward the end of May. The tumultuous month saw the market shedding value day after day. Recently, total market value crawled back to $330 billion, although that number hovered above and below that figure at times. Many analysts believe the downturn is coming to…
12 posts tagged
Futures
Why Cryptocurrencies Are So Popular and How Trading Them is Evolving
Cryptocurrencies are highly popular when it comes to international methods of currency exchange due to how you can instantly buy, sell, and trade crypto at an instantaneous rate. When you buy or sell something through a banking institution, it typically takes three to four days before the funds are available…
Cryptocurrencies continue to slide, causing investors to turn tail
Cryptocurrencies like Bitcoin and Ethereum can't catch a break today. These currencies, and most other major cryptocurrencies, continue a downward trend. In the past couple weeks, the market cap for all cryptocurrencies has dropped by billions of dollars. Bitcoin, Ethereum, and other currencies can't seem to find enough support to…
Bitcoin and Pizza: A Story of Wealth Creation
Do you know what two pizzas from Papa Johns, purchased with Bitcoin several years ago, would be worth today? How about $73,350,000? That's what the 10,000 Bitcoin Laszlo Hanyecz spent on two pizzas in 2010 are currently worth. Hanyecz became Internet famous as the first person to…
Some Reasons for the Projected Bitcoin Price Spike
Tom Lee, the Co-founder and Fundstrat strategist predicts that Bitcoin's (BTC) value will eventually reach $25,000. There are three reasons why he believes the price could exceed the highest seen in 2017. BTC prices dropped below the $8,000 mark on Wednesday, being traded for around $7,500 per…
Is Barclays finally ready to enter the cryptocurrency market?
More and more financial companies continue to enter the cryptocurrency fray. Such companies stand to earn huge sums from investments and trading fees. However, not all companies rushed into cryptocurrencies, and some remain holdouts today. Barclays President Tim Throsby mentioned the firm's potential interest in cryptocurrencies late last year. No…