Ransomware Negotiations Revealed: Flattery and Empathy Works
New details reveal the unusual strategies employed by ransomware negotiators in a recent attack on the University of California. Go to Source Powered by WPeMatico
Bloomberg
Auto Added by WPeMatico
Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BTC’s Store of Value Credentials
The prices of bitcoin and gold have reached a monthly average correlation of 70%, an all-time-high, according to data analytics firm Skew. The previous peak of just under 60% was reached earlier on in the second quarter of 2020. Skew said the rising correlation supports the idea that bitcoin (BTC) is a store value, particularly … Read more
Bloomberg: Ethereum’s Rise is Speculative While Bitcoin’s Price Is Based on Fundamentals
Bloomberg finds Ethreum’s bull run to be speculative while contending that Bitcoin’s appreciation is driven by fundamentals. Go to Source Powered by WPeMatico
Bloomberg: Bitcoin Is Stabilizing At 6x The Price of Gold
Bloomberg suggests that the price of Bitcoin is stabilizing at six times the price of gold, yet it contends that the asset is still undervalued. Go to Source Powered by WPeMatico
Bloomberg: A Key Metric Suggests Bitcoin Price Above $12k
Bloomberg is optimistic about Bitcoin price advancing beyond $12,000 in the near future on the strength of on-chain and off-chain indicators. Go to Source Powered by WPeMatico
Bitcoin 90-Day Active Supply Soars to Pre-2017 Bull Run Level: Report
An on-chain metric which has been declining since 2017 is now signaling a bullish trend, analysts from Stack Funds say. Go to Source Powered by WPeMatico
Bloomberg: ‘Bitcoin a Caged Bull Set for Breakout, Eying $13,000 Resistance’
According to Bloomberg, the narrowest ever bollinger bands suggest that Bitcoin is consolidating for a major breakout. Go to Source Powered by WPeMatico
Number of Active Bitcoin Addresses Could Indicate $14.7K Price Rise
A key on-chain metric that Bloomberg bets on, points to a Bitcoin bull run with possible 50% price appreciation. Go to Source Powered by WPeMatico
Bloomberg BTC Bombshell, Coinbase Fury, Ether vs. Tether: Hodler’s Digest, June 1–7
Bloomberg thinks Bitcoin could return to record highs of $20,000 this year, but warns Ether may not be the world’s second-biggest cryptocurrency for much longer. Go to Source Powered by WPeMatico
Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg
Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behind bitcoin’s maturity, particularly when benchmarked … Read more
