internet security and data protection concept, cybersecurity getty Now a trillion-dollar asset, bitcoin is paramount to cryptocurrency culture after its 60% hike this month, surpassing any traditional asset in this record-breaking milestone. Since its introduction to the financial market in 2009, this first-of-its-kind cryptocurrency has been marked by high volatility and price fluctuations. Being a “highly speculative asset”, U.S. Treasury Secretary… Source link

Bitcoin miners are seeing gold despite the cryptocurrency’s recent fall. NurPhoto/Getty Images  A new study of 30,000 Americans reveals 50% view cryptocurrencies as safe investments. The survey also revealed 57% of investors think companies should accept crypto as payment. Though crypto enthusiasts have mixed opinions on whether bitcoin will ultimately serve as a medium of exchange or simply a store of value. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Tesla CEO Elon Musk against the backdrop of a financial chart showing Bitcoin going to the moon. KMR Images Last year at this time, Bitcoin was under $5,000. Now it’s over $50,000, though that is temporary. It can go back to $30,000 in a week as fast as it can go to another all-time-high. Sorry. I hope it didn’t jinx it. The reason Bitcoin is rising is because institutional investors are getting into Bitcoin as a store of value. Tesla TSLA … Source link

A Polkadot logo sits blurred over a screen displaying the icons of numerous cryptocurrencies, led by … [+] Bitcoin. KMR Images Last week, I reached out to some professional crypto fund managers I know in Russia to give me their top crypto investments so I could get in on the action. One of the names that came up had also been mentioned by others I have not spoken to before, but everyone seemed to be on the same page: Polkadot (DOT) was the new altcoin… Source link

The Proof-of-Stake model has been around since 2012, when it emerged as an alternative way to achieve consensus than Bitcoin’s computationally heavy Proof-of-Work. However, it’s taken until now for PoS to take off, spurred by the launch of staking on high-profile platforms including Ethereum 2.0, Polkadot, and Cardano.  Despite epic price rises since the start of the year and the fact that it’s the second-biggest cryptocurrency by total market capitalization, Eth2 lags behind… Source link

Elon Musk (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) AFP via Getty Images OBSERVATIONS FROM THE FINTECH SNARK TANK With more than 47 million followers on Twitter, Elon Musk’s tweets get a fair amount of attention. That’s an understatement, of course. His tweets move markets. When he changed his Twitter bio in late January to #bitcoin, the price of Bitcoin rose nearly 20% in a matter of hours. Musk has also tweeted about Dogecoin, but claimed… Source link

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