Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000. After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a lot to live up to as signs of a halving cycle peak remain nowhere to be found. With Wall Street set to return after stocks conversely ended the year on a high, inflation rampant and interest rate hikes looming, 2022 could soon turn out to be an interesting market environment, analysts… Source link

El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Meanwhile, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s volcano bonds to be oversubscribed. Bitcoin Predictions 2022 by President Bukele The president of El Salvador, Nayib Bukele, tweeted on Jan. 1 his six predictions relating to bitcoin for the year 2022. El Salvador made… Source link

A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s finance professor Jeremy Siegel shared his outlook for various markets that he believes investors should have exposure to this year in an interview with CNBC Friday. Siegel is Russell E. Palmer… Source link

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Without a fairly sharp jump, bitcoin is going to end the year below the $51,000 level at which El Salvador bought its first 200 BTC, a somber note for the largest cryptocurrency’s turn as an official national currency. But then, El Salvador’s President Nayib Bukele hasn’t had much luck with his experiment. The initial announcement that the country was going to make bitcoin El Salvador’s second legal tender, alongside the U.S. dollar, was met with dismay by economists, growling… Source link

Bitcoin’s hashrate tapped a lifetime high on the first day of 2022 reaching 209.39 exahash per second (EH/s). During the last 12 months, Bitcoin’s hashrate has increased by 47.92% from the 141.55 EH/s recorded on January 3, 2021. Bitcoin’s Hashpower Reaches a New Milestone The processing power and security dedicated to the Bitcoin (BTC) network has never been higher, and the network tapped a milestone in 2022. According to the one-year hashrate chart hosted on coinwarz.com, Source link

News Home Sunday, January 02, 2022 12:35 PM | InvestorsObserver Analysts InvestorsObserver gives Litecoin an average long-term technical score of 46 from its… Source link

Bitcoin (CRYPTO:BTC)achieved impressive gains in 2021, even though it already was the market’s largest cryptocurrency by far. The token’s price surged more than 60% for the year, and it’s now up more than 4,750% in the past five years. Bitcoin’s current market capitalization of roughly $900 billion is a testament to its ascendancy and staying power, but it wouldn’t be surprising to see other tokens put up superior performance in the future. Read on… Source link

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared his cryptocurrency investment strategy and which coins he owns. He also discussed crypto market bubbles, diversification, regulation, and why he thinks non-fungible tokens (NFTs) will be bigger than bitcoin. Kevin O’Leary Discusses His Crypto Investments, Market Bubbles, and NFTs Shark Tank star Kevin O’Leary discussed cryptocurrency, his investment portfolio, diversification, market bubbles, meme coins, and… Source link

The privacy-centric crypto asset monero has seen significant gains during the last two weeks, jumping 36% in value against the U.S. dollar. Despite the negative press from the “Spider-Man: No Way Home” torrents with monero mining malware, seven-day statistics indicate the crypto asset has gained more than 21%. Monero Sees Double-Digit Gains Amid Mining Malware Headlines The privacy-focused digital currency monero (XMR) has seen double-digit gains this week, while most of the… Source link