Author: Bitcoinist

Ethereum has once again fallen below $4,000 after struggling to maintain its value above this point. After hitting its all-time high in early November, it has been dropping in price. This has not meant that investors have fallen into loss following the fall from its ATH. In reality, a vast majority of Ethereum holders have continued to be in profit as sell-offs continue across the market. Ethereum Holders In Profit Data from IntoTheBlock shows an interesting representation of where Ethereum holders currently sit. Currently, 80% of all ETH holders remain in profit. This is significantly higher than the percentage of bitcoin holders…

Bitcoin looks like an attractive store of value as Turkey’s economy sees a huge downfall. The Turkish lira crashed 8% on Friday –55% in the year– with a new all-time low of 17.0705 to the dollar. The central bank has taken a smothering easing policy approach to address the “unhealthy” prices that keep soaring in the country. Their direct intervention slashing interest rates triggered the lira’s new low. Reportedly, The head of the Istanbul Chamber of Industry, Erdal Bahcivan, as well as many economists, are “astonished” by the reckless central bank slashing its key rate by 100 basis points to…