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Is the New Bitcoin Bounce For Real?

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Bitcoin Bounce
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After more than a month of trading in the red, Bitcoin (BTC) seems to have finally experienced a new bounce, starting on December 17th. The new surge came just after the weekend of sideways trading, and Bitcoin has seen a relatively sharp surge which has increased its price by $900 within a few short days.

Now, investors are left wondering whether this bounce is the real deal, or is it something else that it’s making BTC rise so unexpectedly.

How did the surge affect BTC and the market?

As mentioned, the spike up started on December 17th, without any warning, and seemingly without a real reason. As usual, the change in Bitcoin’s own behavior has affected the entire market, and most of the top 100 currencies started trading in the green for the first time in over 30 days.

Many of these coins experienced a much larger surge than Bitcoin itself, such as EOS, which has gone up by over 25% at one point. In comparison, the Bitcoin increase remained in single digits. Even so, the current situation is still better than it was in the previous month, with Bitcoin’s price exceeding $4,000. At the time of writing, Bitcoin’s value is at $4,102, with a 0.65% increase in the last 24 hours.

XRP and Tether (USDT) are currently the only two coins within the top 10 cryptos that are trading in the red, with the rest of them experiencing larger increases. This is especially true within Bitcoin’s ecosystem, where Bitcoin Cash (BCH) is seeing a 30.53% surge, and Bitcoin SV (BSV) growing by over 23%.

Is it real?

The question on every investor’s and trader’s mind right now is whether or not the current growth is real and permanent? The crypto community has been speculating about this ever since the surge started on December 17th. Since then, many were claiming that the current situation is nothing but another attempt at market manipulation.

Some analysts have even speculated that the change is a beginning of a “Bart” pattern, which starts with a price surge, followed by sudden spikes which go both up and down and then resulting in a drop which brings the asset’s price close to the starting point. The pattern was named after the iconic character from The Simpsons, Bart Simpson, as it resembles the shape of the character’s head.

Many argue against this theory, stating that the current increase lasts longer than a typical “Bart” pattern, although it is still possible that the pattern will hold.

For now, Bitcoin’s price is higher than it was in weeks, and the same is true for its market cap, which has exceeded $71 billion. The total crypto market cap has grown as well, currently holding at $135.4 billion. Whether or not the recovery will hold still remains to be seen. For now, however, the increase is giving hope to investors and traders around the world, with many of them being optimistic, and claiming that this might be the start of a bull run that will return Bitcoin’s value to heights experienced earlier in this year.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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