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Understanding the Market Structure of Oil and its Correlation with Bitcoin

Understanding the Market Structure of Oil and its Correlation with Bitcoin

The price of crude oil dropped below zero for the first time in history. With storage facilities filled to the brim and settlement of May futures contract on Tuesday, the price movement has shocked many. In this analysis, we study the recent history of oil, what drives it price and how it affects Bitcoin.

US Stocks, Oil, and Bitcoin Price Plunge, Hinting Second Wave of Coronavirus Cases

US Stocks, Oil, and Bitcoin Price Plunge, Hinting Second Wave of Coronavirus Cases

Stocks, oil, and Bitcoin price have been plunging, as the market has been concerned about a possible second wave of coronavirus cases as lockdowns have been easing in certain states in the US.

Christine Lagarde Announced EUR 750 Billion Bond Buyback, Bitcoin Surged 10%

Christine Lagarde Announced EUR 750 Billion Bond Buyback, Bitcoin Surged 10%

With the launch of ECB's €750 Billion bond buyback, Bitcoin, in the last 24 hours witnessed a steep increase in price clocking at 16% growth.

Is Bitcoin’s True Power Being Revealed as COVID-19 Market Crisis Sends Oil Futures Price Below Zero?

Is Bitcoin’s True Power Being Revealed as COVID-19 Market Crisis Sends Oil Futures Price Below Zero?

As WTI crude oil futures plummeted into negative territory, the pioneer cryptocurrency Bitcoin hardly seemed to notice, recording only a minor correction and dipping under 7k.

Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage

Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage

Following the oil market crash in April, electricity prices have continued to fall globally. Bitcoin educator Andreas Antonopoulos believes that despite the disruption to industries, the oil market downturn could give US cryptocurrency miners an advantage.

Iran Pushes Oil Investment on Citizens, Winklevoss Advises Bitcoin

Iran Pushes Oil Investment on Citizens, Winklevoss Advises Bitcoin

Despite the oil price taking a beating this year, Iran has urged its citizens to invest in a scheme that would pre-sell 220 million barrels and drive liquidity into the OPEC nation's struggling economy. In response, Cameron Winklevoss tweeted that Bitcoin is a far better investment.

ISIS Is Not Hoarding $300M in Bitcoin War-Chest, Reports Chainalysis

ISIS Is Not Hoarding $300M in Bitcoin War-Chest, Reports Chainalysis

Over the past week, the comments of a counter-terrorism think tank Director have indicated that ISIS has been using cryptocurrency platforms to conceal donations and bypass financial security measures and could be hoarding close to 300 million in Bitcoin. Experts initially made the revelation after identifying an increase in advertising for donations. However, a recent report from Chainalysis suggests that there is no evidence of ISIS's 300million BTC war-chest.

Gold, Oil and Bitcoin: What Does One Have to Do With the Others?

Gold, Oil and Bitcoin: What Does One Have to Do With the Others?

You’ll often hear the value of bitcoin being compared to that of gold, with the newest likeness being to oil. But do these three commodities really have anything in common?

Why Energy Experts are Watching the Crypto Market Closely

Why Energy Experts are Watching the Crypto Market Closely

Words like Bitcoin and Oil Market seem to have no correlation between them. However, given the kind of small world we are living in, there's more than meets the eye. Check out this article which explains the perfect correlation between Bitcoin and Oil Market and why energy experts are keeping a close watch on the crypto market.

Winklevoss Says Bitcoin Price to Reach $500,000 — Why BTC is Better than Gold and Oil

Winklevoss Says Bitcoin Price to Reach $500,000 — Why BTC is Better than Gold and Oil

Tyler Winklevoss advocates that Bitcoin (BTC) is headed towards a markup of $500,000 in price and that it will be the preferred safe-haven asset by investors.

May 7: The Traders' War... New vs Seasoned...

May 7: The Traders' War... New vs Seasoned...

Bitcoin is now up close to 3% past 24 hours as it spiked through $9400 for a bit even as U.S. equities traded poorly, leaving me with the thesis that BTC is starting to break away from moving in lockstep with S&P 500 until and after the havling event. In fact, the 1-year rolling correlation between Gold and Bitcoin is nearing all-time high, so we could start seeing it behave more like Digital Gold.

BTC Breaks Its Strong $10,000 Support Amidst US-China War Trade Cool Off

BTC Breaks Its Strong $10,000 Support Amidst US-China War Trade Cool Off

The price of Bitcoin has taken a serious hit in the past few days as the largest cryptocurrency has dipped below its supposedly strong support of $10k and bounced back up.

US Customs Agency Seeks to Adopt Blockchain Technology to Track Oil Imports from Canada

US Customs Agency Seeks to Adopt Blockchain Technology to Track Oil Imports from Canada

With the advancement of technology, the importance of oil and gas resources in promoting global social and economic progress is rising.

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