Telsa billionaire Elon Musk, whose tweets about the meme-based cryptocurrency dogecoin helped push it to a $10 billion valuation, has warned the price of bitcoin and ethereum “seem high.” The bitcoin price has surged by almost 500% over the last 12 months, partly due to Musk’s pro-bitcoin and cryptocurrency tweets and his electric car company Tesla adding bitcoin to its balance sheet—following in the footsteps of U.S. software company MicroStrategy MSTR . MORE FROM FORBES

The price of Ether (ETH) is surging past $2,000 with strong momentum while gaining a bit of ground on Bitcoin (BTC) in the last 24 hours.  There are three key reasons behind the explosive rally of Ether, namely the rapid growth of DeFi, the hype around ETH after the CME futures listing, and the decreasing amount of BTC and ETH on exchanges. ETH/USDT 4-hour price chart (Binance). Source: TradingView.com CME futures listing institutional hype Ether hitting $2,000 for the first time ever follows… Source link

Bitcoin prices have climbed almost 99% year-to-date as the cryptocurrency benefits from … [+] institutional interest. Getty Bitcoin prices have almost doubled thus far in 2021, pushing higher as the cryptocurrency benefits from growing institutional adoption. The world’s most prominent digital currency, whose total market value recently surpassed $1 trillion, reached as much as $57,492.00 today, CoinDesk data reveals. After climbing to this level,… Source link

With yet another push from the bulls and the market has been set to be as active as ever. The Bitcoin price climbed to a new high at over $56k, and the remaining altcoins marched along with it. Litecoin and many of the market’s altcoins were witnessing a strong uptrend in value, however, at the time of writing the market remained in a rather volatile zone. At the press time, Litecoin was trading at $244.05 as its market capitalization remained at $16.19 billion. In the past 24-hours… Source link

Bitcoin vs. Gold Tomohiro Ohsumi/David Gray/Getty Images As bitcoin continues its meteoric rise, breaching new records and crossing the $1 trillion market capitalization mark in just the last week, more investors are assessing the longstanding comparison between the famous cryptocurrency and an equally well-known asset class: gold.  Both assets, experts say, are often seen as ways to diversify a portfolio or as a hedge against fiat currency inflation brought about by what some… Source link

Thanks to Bitcoin’s overwhelming market dominance and market share, its movement is often reflected in the performances of the market’s altcoins. When the world’s largest crypto was rangebound and consolidating, market alts such as Monero and Ethereum Classic corrected. When BTC resumed its uptrend, however, these alts were quick to follow suit. Monero [XMR] Source: XMR/USD on TradingView Monero, the crypto-market’s leading privacy coin, has had a topsy-turvy 2021. While the month… Source link

Will Hobbs is chief investment officer at Barclays Wealth & Investments Barclays Wealth & Investments The zeal around bitcoin is “increasingly cultist” according to Will Hobbs, the chief investment officer of Barclays Wealth & Investments. Hobbs also said a rise in interest rates could dent the world’s biggest cryptocurrency. Yet big names like BlackRock are increasingly interested as the bitcoin rally continues. Sign up here for our daily newsletter, 10 Things Before the… Source link

Earlier this week, Bitcoin (CRYPTO:BTC), the largest cryptocurrency in the world by market cap, hit a milestone. It handily topped the psychological $50,000 level. As I write this on Feb. 17, it’s closing in on a market value of $1 trillion (about $25 billion away). Bitcoin has gotten an extra bump in recent weeks from a handful of brand-name companies adding it to their balance sheets or accepting it as a form of payment. Tesla (NASDAQ:TSLA)… Source link

Elon Musk admitted that bitcoin and ethereum “seem high” in Twitter exchange with Peter Schiff. The Tesla CEO retorted Schiff’s claim that Gold was a better asset allocation than crypto. On Friday night, bitcoin hit record highs pushing its market cap to more than $1 trillion. Visit the Business section of Insider for more stories. Elon Musk isn’t one to shy away from speaking his mind on Twitter. In his latest social media comments, the Tesla chief admitted the… Source link

Ethereum Ethereum rose by 0.93% on Friday. Following on from a 4.74% rally on Thursday, Ethereum ended the day at $1,957.68. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,890.00 before making a move. Steering well clear of the first major support level at $1,877, Ethereum rallied to a late intraday high and a new swing hi $1,974.98. Coming within range of the first major resistance level at $1,976, Ethereum eased back to end the day at sub-$1,960 levels. At the… Source link