Bitcoin Price Roars Loud but Could Quickly Unravel to 30% Plunge: Analyst
- By CCN: Josh Rager, a cryptocurrency trader and technical analyst, expects a healthy pullback for bitcoin based on the historical performance of the asset in the past three years.
- Although the historical performance of the bitcoin price is no guarantee of its future trend, coming off of a staggering 100 percent year-to-date gain, despite the strong momentum of the asset, some analysts have suggested the possibility of a large correction.
- But, other traders have suggested the possibility of the momentum of the crypto market reducing the probability of a large correction in the near-term.
- A cryptocurrency trader known to the community as Mayne said that if the bitcoin price remains above a key support level at high $7,000, an increase to $9,000 is a likely target.
- In the near-term, momentum will be crucial for the crypto market and the daily volume of bitcoin would have to supplement the price trend of the asset.
North Korea called Joe Biden a 'fool of low IQ' who is 'seized by ambition for power' after he labeled Kim Jong Un a 'tyrant'
- Read more: Joe Biden is running for president in 2020.
- Here's everything we know about the candidate and how he stacks up against the competition.
- The North Korean editorial comes after Biden repeatedly slammed the North Korean leader — who has dramatically improved relations with the US under President Donald Trump's administration — in recent campaign rallies.
- Kim is also believed to have orchestrated the assassination of his half-brother, Kim Jong Nam, who died after two women smeared lethal VX nerve agent on his face at a Malaysian airport in February 2017.
- The Democratic candidate has positioned much of his campaign against Trump.
- Biden is currently the Democratic candidate with the highest odds of winning the party nomination.
- More than half of Democrats believe he can win against Trump, according to INSIDER polling.
The True Victims of the Opioid Crisis Are Starting to Rebel
- Like millions of other chronic pain patients around the country, Doyle is the collateral damage of the opioid abuse epidemic.
- In March, a group called Health Professionals for Patients in Pain wrote to the Centers for Disease Control and Prevention, urging the agency to respond to the “widespread misapplication” of its 2016 Guideline for Prescribing Opioids for Chronic Pain.
- Authorities want to shut down “pill mills” that fuel the overdose crisis by providing opioids inappropriately, but those same enforcement efforts can affect doctors who prescribe high doses to chronic pain patients.
- Then this spring, the Health Evidence Review Commission, which guides reimbursement decisions, considered new limits: Patients with certain chronic pain conditions would gain coverage for alternative treatments under Medicaid but would have to taper off opioids, even if they have been stable on their doses for many years.
Trump eyes Biden as he ramps up reelection bid
- Washington (CNN) - President Donald Trump is set to rally his supporters Monday in central Pennsylvania, a key battleground state that has been flashing warning signs for Trump's reelection campaign.
- Polling conducted by the Trump campaign last month confirmed cracks in his support in Pennsylvania and Michigan, reinforcing warnings from the 2018 midterms, when Democrats took back the House.
- The Trump campaign is now eyeing a cluster of rallies next month to formally kick off Trump's reelection campaign, a source close to the campaign told CNN.
- The President will arrive in Pennsylvania just two days after former Vice President Joe Biden rallied supporters in Philadelphia, casting his bid for the Democratic nomination in terms of his ability to defeat Trump in a general election.
- Trump has focused his energy on Biden -- who leads Trump in Pennsylvania by 11 points in the Quinnipiac survey -- more than any other candidate.
Bitcoin Price Skyrockets to 2nd-Best Quarter in 5 Years; Record High Next?
- By CCN: Bitcoin price is on track to having its second-best quarter since 2014 with a 92 percent gain within two months if it remains above $8,000 by the end of June.
- Industry executives suggest that the new rally of crypto assets is likely to be led by institutional investors.
- As such, Fidelity Digital Assets said in a report that it expects the inflow of capital from institutions into the crypto market to rise over the next five years.
- Earlier today, on May 20, BitMEX CEO Arthur Hayes said that the bitcoin bull market is real, pointing at the rapid increase in the volume of exchanges and the momentum of major crypto assets.
- Similarly, industry executives like Digital Currency Group CEO Barry Silbert said that the ongoing rally of bitcoin cannot be compared to the bull market in 2017, as factors driving it are clear.