Bitcoin investors are witnessing a meteoric rise of the digital asset and have accumulated more than 170% year-to-date returns. Most recently, Bitcoin’s avid critic economist Nouriel Roubini recently reversed his stance in an interview stating that Bitcoin is a “partial store of value.” Nouriel joins the ranks of several prominent names in finance and business who have endorsed Bitcoin – from BVI hedge fund manager Paul Tudor Jones, to venture capitalist Chamath Palihapitiya, and… Source link

Bitcoin was lower, staying in the past week’s range of roughly $18,500 to $19,700. Prices are up 167% year to date, having started off 2020 at around $7,160.  “There is no doubt that $20,000 remains a barrier, both from a technical perspective and on an ideological level,” Simon Peters, an analyst for the trading platform eToro, wrote Monday in an email.  In traditional markets, European shares fell, led by banks and retailers. U.S. stock futures pointed to a lower open as investors… Source link

Monero has broken above the hypotenuse of an ascending triangle, confirming an upswing to $150 and $200. An increase in the volume shows that Monero could gain momentum to higher price levels. Monero is among the most significant single-digit gainers on Monday after a relatively quiet weekend session. The privacy-focused coin is up 5% in the last 24 hours to exchange hands at $139. The breakout is likely to gain momentum above $140 and towards the crucial $200 price… Source link

Bitcoin Bitcoin rose by 6.67% in the week ending 6th December. Reversing a 1.05% loss from the previous week, Bitcoin ended the week at $19,410.0. It was a bullish start to the week. Bitcoin rallied from a Monday intraweek low $18,196.0 to a Tuesday intraweek high and a new swing hi $19,956.00 before hitting reverse. The rally saw Bitcoin break through the first major resistance level at $19,268 and the second major resistance level at $19,884. A pullback on Tuesday saw Bitcoin fall back through… Source link

Bitcoin has had an incredible 2020, more than doubling in price since the beginning of the year—with some predicting it will continue to climb. The bitcoin price has recently soared to its 2017 all-time high but has failed to break through the psychological $20,000 per bitcoin barrier. Now, after bitcoin’s rally has helped catapult cryptocurrencies back into the headlines, investors are eyeing the sky-high returns of smaller so-called “alt coins”—including ethereum, Ripple’s XRP and… Source link

It is frustrating. But at the same time, interesting. Over the past couple of weeks, I’ve heard two well-respected investment managers say that they don’t believe in bitcoin’s supply limit. If it’s easy to spin up another Bitcoin, they claim, then there is really no limit. Most of you reading this will be rolling your eyes at this stage, but since it seems to be a firmly held view by some smart people, we should dig deeper. We’ll find that it’s about more than a lack of research.

Ethereum slid by 7.93% on Friday. Reversing a 3.29% acquire from Thursday, Ethereum ended the day at $567.60. A combined begin to the day noticed Ethereum rise to an early morning intraday excessive $620.56 earlier than hitting reverse. Falling wanting the primary main resistance stage at $632.11, Ethereum slid to a late intraday low $566.0. The sell-off noticed Ethereum fall by means of the primary main assist stage and the second main assist stage at $570.65. Late within the day,

Jordan Mansfield/Getty Images With Bitcoin hitting an all-time high this week, major players are reflecting on how far the space has evolved since the previous record set in December 2017. The bullish case appears to be intact as institutional interest remains elevated for Bitcoin.  Five crypto experts weighed in on its rally, explaining why Bitcoin has room to go higher and how the dollar’s weakness will fuel it further. Visit Business Insider’s homepage for more stories. Bitcoin,… Source link

Bitcoin, the world’s biggest and best-known cryptocurrency, uses complex mathematical equations to secure its supply and transactions. Last year, Google sent shock waves through the internet when it announced it had built a quantum computer able to solve formerly impossible mathematical calculations—with some fearing bitcoin could be at risk. Now, researchers in China, a country hostile to bitcoin and decentralized cryptocurrencies, are claiming they’ve matched Google’s so-called… Source link

Photographer: Akos Stiller/Bloomberg MicroStrategy Inc. has bought more Bitcoin. The company paid $50 million for more of the world’s largest cryptocurrency at an average purchase price of $19,427, it said in a filing to the U.S. Securities and Exchange Commission. MicroStrategy now has about 40,824 Bitcoins in total, according to the filing. … Source link