Despite predicting that Bitcoin price will rise to $300,000 in the current bull market, Bobby Lee, founder of BTCC exchange, believes that crypto markets could spend years in decline after the market reaches its peak. What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today. According to him, the market-leading cryptocurrency is likely to reach $100,000 this… Source link

Dado Ruvic/Reuters Bitcoin could surge to $300,000, but the bubble is likely to pop dramatically, Bobby Lee said. The founder of the BTCC exchange said the price of bitcoin could fall as much as 90% from its peak. Bitcoin has risen by about 800% in a year, to roughly $58,000 in the latest bull-market cycle. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The bitcoin price could surge as high as $300,000 in the latest bull-market rally but then plunge 90% into… Source link

Bloomberg Scion of Billionaire Family Hunts for Cheap Assets in Venezuela (Bloomberg) — The name Cisneros is synonymous with business acumen and opulence in the minds of Venezuelans old enough to remember the pre-Hugo Chavez years.Over generations, the billionaire family brought the Studebaker, Pepsi-Cola and department stores to the oil-rich country. It launched DirecTV in Latin America, ran beauty pageants, produced soap operas and owned banks, TV stations, ice-cream makers and brewers.Now,… Source link

The Taiwanese multinational hardware and electronics company, Acer, is purportedly the latest popular organization to fall victim to the notorious REvil ransomware attack. According to recent reports, the perpetrators have requested one of the largest demands so far of up to $100 million paid in the privacy cryptocurrency – Monero. Ransomware Attack on Acer Headquartered in New Taipei City, Acer is among the world’s largest manufacturers of computer hardware and electronics with revenue of… Source link

The cryptocurrency market has been seeing great volatility over the past few days. This volatility has changed the existing trends in the market for almost all altcoins. With a market capitalization of $4.171 billion, Monero [XMR] was pushed down to the 28th position on the CoinMarketCap list. The volatility in the market has been pushing the digital asset and at the time of writing, the market was once again seeing changes as XMR was being traded at $233.10. Monero six-hour chart Source: Source link

Bitcoin has climbed through March after its huge early 2021 rally came off the boil in February. The bitcoin price has returned to near its all-time high of just over $60,000 per bitcoin, settling just under the psychological level. Now, with bitcoin traders and investors searching for signs of what might move the market, a record near-$6 billion worth of bitcoin options are set to expire this Friday, March 26. MORE FROM FORBESMillions Tempted By Stimulus Check Bitcoin Bet After Sudden… Source link

Ethereum Ethereum fell by 1.22% on Sunday. Following on from a 0.14% loss on Saturday, Ethereum ended the week down by 3.49% to $1,784.0. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,818.86 before hitting reverse. Falling short of the first major resistance level at $1,850, Ethereum slid to a late morning intraday low $1,748.25. Ethereum fell through the first major support level at $1,782 and the second major support level at $1,757. Steering clear of… Source link

Litecoin price has formed a head and shoulders pattern on a 4-hour chart indicating a bearish outlook. If LTC slices through the neckline at $191.86, a 15% drop to $159.85 seems likely. However, a bounce from the demand barrier leading to a decisive close above $208 could invalidate the bearish setup. Litecoin price has tapped a demand barrier multiple times in the last two weeks. Therefore, a breakdown of this level could spell disaster for LTC. Litecoin price at crossroads Litecoin… Source link

DETROIT, March 21, 2021 /PRNewswire/ — Bitcoin and cryptocurrencies have become an increasingly popular payment method for online casinos today. One of the main reasons is all the benefits you get from bitcoin payments, such as increased privacy, low fees, fast payouts, larger bonuses, and extra security. There’s some disadvantages to bitcoin casinos you need to watch out for, though.  Some gambling sites that accept bitcoin can be shady and attempt to rip you off with unfair games and… Source link

Bitcoin has soared by almost 1,000% over the last 12 months—a rally that’s been outmatached by the second-most-valuable cryptocurrency ethereum. The bitcoin price has surged from under $10,000 this time last year to around $60,000 per bitcoin while ethereum has added 1,200%, climbing from just over $100 per ether token to almost $2,000. However, despite bitcoin’s recent success, some fear that central bank digital currencies (CBDCs) could be “kryptonite” for bitcoin and similar… Source link