Bitcoin price clinches above $7500 after breaking out a key resistance level on April 23, which is being viewed as a ‘perfect storm’ before BTC halving.
The record surge of Americans applying for unemployment benefits is starting to recede, but another 4.4 million people filed new jobless claims last week to push the total above 26 million.
Warren Buffett expert Preston Pysh is very bullish about the fortune of Bitcoin after the halving event. He says it may reach $300,000.
Michael Novogratz said that the upcoming Bitcoin halving event is set to push the BTC price higher especially with the traditional markets are falling due to the COVID-19 spread.
PayPal (PYPL) stock rose 7.11% while Square (SQ) stock rose 6.20%, on what is being attributed to the massive coronavirus stimulus bill that is making its way through the Congress.
Only 19 days are left before the long-awaited Bitcoin halving. BTC mining difficulty sets to hit an all-time high, as a result, many miners may stop their business activities for a while.
The Brent price has now crashed to its lowest point in over 20 years, as the oil market continues to depreciate. Just recently, the WTI futures have fallen below zero for the first time in its history.
The price of Bitcoin has fallen under $7,000 in response to the serious crash of WTI oil futures price.
The Dow Jones lost nearly 600 points at the start of the week. This comes as U.S. lawmakers are set to determine further stimulus measures for the economy. President Trump has also recently announced a temporary suspension in immigration.
Under the given conditions, Bitcoin continues gaining traction, therefore, Google, Apple, and Facebook need to find new revenue streams.
In a massive single-day crash, the WTI futures of the U.S. oil market made its historic low going negative up to -$37 per barrel. This happened amidst U.S. oil reserves coming to the maximum capacity due to the demand slump caused by COVID-19.
With Bitcoin halving set to take place on May 12 and 22 days left, institutional investors are catching the fever and can’t help taking advantage of the crypto asset’s huge opportunities.
Oil benchmarks in the U.S. hit a two-decade low on Sunday after the brewing uncertainty of storage for excess oil. The frozen economic activity has plunged the demand for oil worldwide.
Google accelerates its work in the FinTech space as newly leaked images show that Google is working on a debit card of its own. Google has reportedly joined hands with CITI bank to handle all the financial infrastructure for its services.
Researchers from the University of Chicago Medicine have given a potential breakthrough showing fast recovery for 125 COVID-19 patients by using the Remdesivir drug from Gilead Sciences. GILD stock is 10% up.