Bitcoin’s market value has surpassed $1 trillion, a milestone that puts the cryptocurrency in a very exclusive club with tech titans like Microsoft, Apple and Google’s parent company, Alphabet.  Bitcoin reached this record high Friday when it traded at roughly $54,000 per coin. It closed the day at more than $55,700 — quadrupling since early November. Larger investors are taking the digital currency more seriously now, which has helped drive up its price.  Source link

Bitcoin broke briefly above a key resistance level at $56,000 on Friday, while ether’s slowly catching up to bitcoin’s gains. Bitcoin (BTC) trading around $55,512.76 as of 22:00 UTC (5 p.m. ET). Gaining 6.60% over the previous 24 hours. Bitcoin’s 24-hour range: $50,821.47-$56,283.55 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Feb. 16.Source: TradingView Bitcoin volumes on… Source link

Text size Dreamstime Bitcoin’s overall market value rose to over $1 trillion on Friday, as a combination of institutional buying and… Source link

Bitcoin prices broke through $55,000 today, setting another record. getty Bitcoin prices climbed to a fresh record today, surpassing $55,000 as the digital currency continued its strong, upward trend. The cryptocurrency, which recently surpassed a market capitalization of $1 trillion, reached $55,707.21 this afternoon, according to CoinDesk data. At this point, bitcoin was up more than 90% in 2021, having opened the year at roughly $28,900, additional… Source link

Bitcoin was carving out fresh history on Friday, and generating a ton of buzz on Wall Street and Main Street alike, as well as on social-media platforms, as the world’s No. 1 cryptocurrency staged a sharp rally that took its market value well above $1 trillion. At last check, a single bitcoin traded near a record at $54,827.69, up 5%, and was pushing the crypto that was written into code back in 2009 to a total market capitalization $1 trillion. … Source link

Bitcoin has suddenly rocketed higher, climbing almost 5% over the last 24 hours to highs of $53,750 on the Luxembourg-based Bitstamp exchange. The latest bitcoin price rise, coming just days after the cryptocurrency broke through the closely-watched $50,000 level, means the combined value of the 18.6 million bitcoin tokens in circulation are now worth over $1 trillion—double the $500 billion it started 2021. MORE FROM FORBESExclusive: YouTube Stars Jake Paul And Ben Phillips ‘Discussed’… Source link

The bitcoin price has soared in 2021 NurPhoto/Getty Images The bitcoin price scaled new heights above $53,000 on Friday morning, taking its year-to-date gains to 81% as the breakneck rally powered ahead. The increase took bitcoin’s market capitalization to within touching distance of $1 trillion, at more than $980 billion. The world’s biggest cryptocurrency has added more than $400 billion of value just in 2021. Bitcoin (BTC) traded at $53,038 as of 10.10 a.m. ET, having risen… Source link

Francesco Carta fotografo/ Getty Images Bitcoin’s current price above $51,000 is “unsustainable” unless volatility subsides, JPMorgan said in a note.  Strategists estimate a large portion of recent flows into the token have been driven by speculation.  If the token’s volatility converges to that of gold, bitcoin could reach $146,000, they added. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin’s current price is “unsustainable” unless the… Source link

If LTC resumes upside and breaks above resistance near $238, a breakout above another key resistance zone could see bulls attack $300 or higher Litecoin (LTC) is looking to bounce off support at $230 and target short-term resistance at $238. This follows a dip to lows of $220, which came after bears rejected bullish advances at the aforementioned zone. LTC is likely to bounce higher given the technical picture on the daily and 4-hour charts. At the time of writing, Litecoin is trading at… Source link

Share Tweet Share Share Share Email We’ve seen it all before, right? Bitcoin at $20,000 seems so … 2020. We’re at $50,000 now and counting, and 2021 is barely a month and a half old. And next month, it may drop. The month after that, it may swing up again. It’s such a rapidly changing issue that even Nobel-prize winning economist Paul Krugman once called cryptocurrency economically irrelevant. Bottom line, cryptocurrency has defied accurate predictions. But there are market dynamics… Source link