The Currency Analytics
By Maheen Hernandez
Bitmain's Zou, stated, "Having a global currency is a demonstration of a country's influence.
Facebook is likely to launch its Libra in 2020, thus presenting serious competition to the cryptocurrency ambitions of China. With the already existing 2.
Meanwhile, Bitcoin has posted the first monthly loss ever since January. It appears that Bitcoin might end its winning streak, which spread over the past five months.
To cut the interest rates, the Federal Reserve will release more of dollars. This will cannibalize the value of the USD.
Travis King Tweeted: “Tomorrow, Bitcoin will experience the first Fed rate cut in its history.” Perhaps the next recession will play the ultimate test for Bitcoin.
Donald J. Trump tweeted: “China is doing very badly, the worst year in 27 - was supposed to start buying our agricultural product now - no signs that they are doing so.
Despite the monthly loss, the bullish bias has been retained in the long-term charts. It has been seen that the Bitcoin price has recovered to an underlying psychological level.
LedgerX has recently announced that they will be launching their first of its kind physical futures in the US.