online resources

Bitcoin’s Kimchi Premium Bubble: Inflation, Deflation and Consequences

Bitcoin often trades at a premium in South Korea; what happens when this bullish spread quickly dissipates? The Kimchi premium—the spread between Bitcoin price on South Korean exchanges and Western exchanges—has always been an indicator attracting people’s attention in the bull market. The source of this spread is rooted in the inability to easily get a substantial amount of USD out of the country due to institutional frictions. Thus, this lack of arbitrage opportunities coupled with a huge demand for bitcoin among Koreans makes bitcoin trade at a premium on Korean exchanges when speculative frenzy hits the masses. As with…

Continue Reading Bitcoin’s Kimchi Premium Bubble: Inflation, Deflation and Consequences

Tesla Is Beginning to Look Like Bitcoin Did in 2017

Are things about to go under for Elon Musk, the famed founder of SpaceX and Tesla? Analyst Julian Bridgen has been comparing Tesla’s stock price to the bitcoin bubble of 2017, which ultimately popped in very ungraceful fashion. He’s claiming that Tesla can expect to see similar results very soon. Tesla Isn’t Looking Very Stable as of Late Elon Musk is a very intriguing figure in many ways. Despite having little to do with bitcoin, he’s come to be known as one of the biggest promoters of the cryptocurrency. He always seems to talk about it yet doesn’t really contribute…

Continue Reading Tesla Is Beginning to Look Like Bitcoin Did in 2017

Bitcoin Price at $10.2K Deadlock as Ether Continues Surprise Bull Run

Article Originally Featured in Coin Telegraph MARKET UPDATE Bitcoin (BTC) stayed flat on Sept. 17 as another day of motionless trading continued the largest cryptocurrency’s stay at around $10,200. Market visualization. Source: Coin360 Bitcoin price slowly erodes support above $10K Data from Coin360 showed sideways price action as the order of the day for Bitcoin, which remained rangebound between $10,100 and $10,320. As Cointelegraph reported, a longer period of low volatility saw only a brief interruption on Monday, when BTC/USD suddenly shed around $200. A subsequently rebound to previous levels slowly faded, leading to press time rates of $10,175. The overall change for Bitcoin…

Continue Reading Bitcoin Price at $10.2K Deadlock as Ether Continues Surprise Bull Run

End of content

No more pages to load