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1175 days ago

Chart of the day: Bitcoin is trading at a record 21.5x Gold price

Yesterday's rebound in Bitcoin combined with gold's recent relative weakness has sent the cryptocurrency to a record 21.5x the price of the precious metal- source: www.zerohedge.com 

Bitcoin to Gold ratio

1176 days ago

Dark Web drugs website takedown - bearish for Bitcoin?

DarkMarket, the world's largest illegal marketplace on the dark web, has been taken offline in an international operation involving Germany, Australia, Denmark, Moldova, Ukraine, the United Kingdom (the National Crime Agency), and the USA (DEA, FBI, and IRS). Europol supported the takedown with specialist operational analysis and coordinated the cross-border collaborative effort of the countries involved.

DarkNet drugs site takedown - bearish for Bitcoin?

1176 days ago

If Bitcoin is a bubble, it's unlike any other bubble we’ve seen

"While the jury is still out on whether Bitcoin is a bubble, one thing is certain: it’s unlike any other bubble we’ve seen. Previous speculative asset-inflation episodes were either a one-off, like tulip mania in the 17th century, or the boom-doom cycle took many years, like gold (...) Bitcoin, by comparison, has survived three peak-to-trough drawdowns of over 80% in less than 10 years. The cryptocurrency surged past $40,000 last week to set an all time high. It has fallen more than 15% since then." - source: Bloomberg 

Bitcoin drawdowns history

1177 days ago

Is bitcoin just another bubble ?

Financial Times looks at the Bitcoin percentage change from trough as an indication of a potential bubble. The Bitcoin surge is unprecedented in this regard, and the sky is the limit.

1178 days ago

Bitcoin drawdowns are quite common (-50% on average)

Source: Bespoke 

Bitcoin drawdowns history
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