Square's $50M bitcoin purchase has analysts doing back-of-the-envelope math on the possibility of rising allocations from corporate treasurers. Both bitcoin and gold have been robust in the face of geopolitical instability. We’ve seen interest in bitcoin as a stock market hedge and uncorrelated asset class. Because of lower than usual trading volumes on margin trading platforms like BitMEX, the market has been less volatile, and less prone to seeing knee-jerk reactions to bearish news. This may be why Bitcoin’s price has remained strong in the face of multiple bearish news developments, which would typically catalyze far-reaching selloffs. Bitcoin since Friday is undergoing a slow-and-steady reversal action. On Saturday, the BTC/USD exchange rate witnessed a 1.79 percent increase from October’s low. And today, at the time of this writing, the gains have already extended to 2.44 percent. Experts on Bitcoin Bottom. Opinions regarding Bitcoin forming a bottom have been making to the press from over a month. They are coming mostly ... Bitcoin since Friday is undergoing a slow-and-steady reversal action. On Saturday, the BTC/USD exchange rate witnessed a 1.79 percent increase from October’s low. And today, at the time of this writing, the gains have already extended to 2.44 percent. Experts on Bitcoin Bottom. Opinions regarding Bitcoin forming a bottom have been making to the press from over a month. They are coming mostly ... Binance said hackers were able to withdraw 7,000 Bitcoin (£30.9m) in one transaction after using 'a variety of techniques, including phishing, viruses and other attacks'
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