Browsing: Bitcoins

Bitcoin USD trades near $63,500 as of August 18, up roughly +1% on the day after bouncing off an intraday low of $62,751, according to data from CoinGecko. The recovery pushed price above the 78.6% Fibonacci retracement at $63,152 and left BTC near the $65,000 resistance area.

Peter Schiff, CEO of Euro Pacific Capital, known for his anti-Bitcoin views, said that Bitcoin’s recent price recovery should be seen as a selling opportunity rather than a buying opportunity for investors. Schiff, who has been in the spotlight for many years for his critical statements about Bitcoin, made noteworthy assessments regarding the cryptocurrency market…

The pace of America’s debt accumulation has become a story unto itself. The country’s first trillion dollars of debt took 192 years to accumulate, arriving in 1981. The next trillion came faster each time, i.e. five years to go from $5 trillion to $10 trillion by 2008, then just five years to climb from $20…