China’s wealthy are increasingly buying into cryptocurrencies. (Photo illustration by Jakub … [+] Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Everyone loves Bitcoin. Personally, I can’t get enough of it. Though I just sold all of my XRP, as an aside, because I learned it was being delisted from Coinbase next week, Bitcoin, on the other hand, I am keeping for the moonshot. Now that Grayscale has its Bitcoin Trust exchange-traded fund,… Source link

Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Legendary investor Bill Miller told CNBC on Friday he sees bitcoin surging 100% in 2021 as more investors add the coin to their portfolios as a hedge against inflation. “One of the things that’s interesting about Bitcoin is that it gets less risky the higher it goes, and that’s the opposite of what happens with most stocks,” the Miller Value Partners founder said.  He added that he’s not sure when the price of the… Source link

Last year certainly qualifies as one of the most volatile in stock market history. Investors navigated their way through the widely followed S&P 500 losing over a third of its value in about a month. They also enjoyed a bounce-back rally for the ages, with the S&P 500 hitting new highs less than five months after finding a bottom on March 23. If there’s one figure that stands out above all else, it’s that 10% of the roughly 3,700 stocks with a market cap of at least $300 million ended 2020… Source link

XMR/USD hit the highest levels in nine days at $165.66. The coin broke the rising channel to the upside on the 4H chart.  RSI recedes from the overbought territory but stays bullish. Monero (XMR/USD) witnessed a quick retracement from nine-day highs of $165.66, holding a major part of the intraday gains so far this Sunday. The digital asset saw a fresh spurt of buying after it recaptured the critical 100 and 200-simple moving averages (SMA) on the four-hour

Ripple’s late 2020 rise was due partly to a massive airdrop of Flare (FLR) tokens. Now, the smart contract solution is adding support for Litecoin (LTC). An FLR airdrop to Litecoin users is in the works. XRP wallets included in the December snapshot will receive a Flare tokens (worth a huge amount of money, potentially). Now, in a Jan. 8, 2020 tweet, Flare says that they will “reduce” the number of Flare tokens for the project’s founders by 5 billion…. Source link

Elon Musk, the billionaire founder of Tesla TSLA and SpaceX and who has just become the world’s richest man, has said he would never turn down being paid in the soaring cryptocurrency bitcoin. Responding to a tweet by Ben Mezrich, the author behind the movie The Social Network and writer of Bitcoin Billionaires, that read “I’m never turning down getting paid in bitcoin again,” Musk replied: “Me neither.” MORE FROM FORBESAs Bitcoin Smashes Through $40,000, Data Reveals What’s… Source link

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PARIS, FRANCE – JANUARY 08: Bitcoin now trades above $40k, here’s what’s different about the current … [+] rally (Photo illustration by Chesnot/Getty Images) Getty Images Bitcoin now trades over $40k, another all-time high, boosting the cryptocurrency’s stellar run from 2020. This next milestone comes a week after it topped $30k. Here’s what’s different about this rally, compared to the 2017 run. In 2017, Bitcoin was also getting similar headlines… Source link

Bitcoin is back, along with the debate over its value. The price of the digital currency is soaring and last week it hit more than $40,000 for the first time, having doubled in less than a month. Its price has jumped by more than 700% since the pandemic was first declared in March last year, rising from about $5,000. But breathless headlines are nothing new for the 12-year-old cryptocurrency. Bitcoin has been here before, in the previous decade, when it went on a tear with a predictable… Source link

Reuters/Lucas Jackson Bitcoin has more than doubled in less than a month, leaving analysts and investors stunned and concerned about a possible market bubble. In many ways the token’s rally in recent months is crucially different than the surge seen three years ago, as buyers now range from casual day traders to fund managers handling billions of dollars in assets. Easy monetary conditions and trillions of dollars in fiscal stimulus have led some investors to view the token as a… Source link