getty Bitcoin just went through $17,000 and is now within striking distance of its all-time high around $20,000. Like all success, Bitcoin’s rise has many fathers. There is trouble: Covid; Hong Kong; change of government in the U.S. and Chinese tech oligarchs under fire at home/the Ant Group IPO debacle. There is a wildly held belief that an inflationary comeuppance set off by all the Covid bailouts is on its way. The “halvening,” which occurred earlier this… Source link

The Bitcoin (BTC) price bottomed at exactly the point that gold bug Peter Schiff said that it would crash further — and proponents are reminding him of his mistake. Retweeting a now infamous Twitter post that Schiff made in mid March, popular trader “CryptoBull” noted that he had accidentally called Bitcoin’s bottom, not top. Schiff tweet “marks exact bottom” for BTC Schiff was complaining that he had lost access to his Bitcoin wallet, but that soon it wouldn’t matter, because… Source link

Bitcoin climbed above topped $17,000 early Tuesday for the first time since January 2018, pushing this year’s remarkable rally to 137% on a year-to-date basis. That’s 10 times more than the Standard & Poor’s 500 Index of large U.S. stocks.  “Bears are in disbelief,” the digital-asset market analysis firm Arcane Research wrote early Tuesday in a report, noting that the cryptocurrency is on track to post its sixth straight weekly gain. “It seems like there is nothing stopping… Source link

Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of Bitcoin exchange reserves, neutral funding rates, and institutional accumulation point toward a prolonged BTC rally. Swift wrote: “1yr HODL % still really high? Yep. Bitcoin being rushed off exchanges? Yep. Funding… Source link

Look no further than the rapid growth this year in the white-hot arena of decentralized finance, or DeFi, and it’s clear why the Ethereum blockchain is dominating so many conversations right now in the digital-asset industry.  The second-largest blockchain’s native cryptocurrency, ether (ETH), is up 266% this year – twice as much as mooning bitcoin (BTC).  But a lot of savvy digital-asset investors are hedging their bets, buying tokens associated with upstart blockchains that could… Source link

Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency. Novogratz on Bitcoin: Network effect has “taken over” Williams had released a poll asking Twitter followers whether or not she should invest in BTC. At press time, the… Source link

Bitcoin has somewhat broken out of its niche this year, finding support from some of the world’s biggest banks and big-name investors. The bitcoin price has soared as bitcoin’s reputation has a potential hedge against inflation has grown, with the price climbing to within touching distance of its late 2017 highs of around $20,000—though data suggests bitcoin’s latest rally is very different from three years ago. Now, Ray Dalio, the billionaire founder and co-chairman of the world’s… Source link

Bitcoin (BTC/USD), Litecoin (LTC/USD), Ripple (XRP/USD), Technical Analysis – Talking Points Bitcoin is fast approaching 2018 highs, but momentum is fading Litecoin surges in best day in over 8 months towards resistance Ripple confirmed a push above key resistance, momentum holds Bitcoin rose over 4.6% on Monday, extending remarkable gains that have pushed the cryptocurrency to set new highs this year. One of the more prominent fundamental forces driving it upward has been… Source link

Despite a pullback from the meteoric bull market for decentralized finance, the average DeFi token return has vastly outperformed Bitcoin and Ethereum. The median performance is a different story, however. On Nov. 17, pseudonymous crypto analyst “Ceteris Paribus” shared data with his 12,000 followers compiling the YTD median and average performances of 40 top crypto assets, comprised of 38 top DeFi assets, Bitcoin (BTC) and Ether (ETH). Around 26 of the DeFi assets are currently posting… Source link

Litecoin has been one of the best-performing assets of the past 24 hours. The long-standing cryptocurrency has gained 20% in the past 24 hours, outpacing Bitcoin’s 5% gains and Ethereum’s 3% run. This rally comes shortly after LTC was added to PayPal’s new cryptocurrency service. Many saw this addition as validation of the cryptocurrency, which faced a strong correction after the 2017 bull market. LTC has still yet to recover to its all-time highs,… Source link