Bitcoin

The virtual currency briefly breached the $45,000 milestone for the first time in roughly a month overnight, according to CoinMarketCap. It later dipped back below that mark, and was last trading around $44,800 per coin. It’s not clear what caused the latest surge, but the cryptocurrency’s price has been improving in recent days. It finally cleared $40,000 again last Friday after weeks of losses. Still, the coin is down more than 34% from its all-time high — on November 10 — of… Source link

Bitcoin (BTC) hit new multi-week highs above $45,000 on Feb. 8 as the largest cryptocurrency’s comeback continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,000 becomes popular retest target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,500 on Bitstamp in its latest surge before consolidating. Volatility was once again in evidence as the pair fluctuated by $1,000 on intra-hour timeframes, circling $44,800 at the time of writing. Fears of… Source link

What happened Today’s been a wild ride in the crypto world, with the entire crypto market surging 6.2% over the past 24 hours, as of 3:45 p.m. ET. Over this same time frame, top cryptocurrency Bitcoin (CRYPTO:BTC) surged 5.8%, driving most of the market’s gains today. However, other Bitcoin-related companies saw surges that, in some cases, exceeded Bitcoin’s gain today. From yesterday’s close, Bit Digital (NASDAQ:BTBT) and Riot Blockchain (

Bitcoin rose above $44,000 briefly on Monday, continuing the momentum from the end of last week and the weekend. The crypto was trading above its 50-day moving average Monday, for the first time since November, when the cryptocurrency climbed toward its all-time high. Bitcoin’s 50-day simple moving average stands at around $42,838, according to Dow Jones Market Data.  … Source link

Text size Bitcoin miners run vast troves of computers in a race to process blocks of transactions, earning fees and rewards in Bitcoin. Dreamstime … Source link

Text size Bitcoin prices have risen above its 50-day moving average for the first time in two months. Dreamstime … Source link

“It is worth noting that the Nonfarm Payrolls can force the Fed to move faster to tighten monetary policy,” Alex Kuptsikevich, a senior financial analyst at FxPro, wrote in an email to CoinDesk. “If cryptocurrencies manage to resist and continue to grow, this will be a serious trend reversal order. Just like on Friday, when investors decided to buy BTC in order to protect investments from inflation.” Source link

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Bitcoin (BTC) is in a fighting mood this week as the weekly close buoys bulls’ cause and wipes out several weeks of downside — can it continue higher? After challenging $42,000 over the weekend, there was a cautious sense of optimism as higher levels remained in play. Sunday saw a fresh push, with overnight progress attacking $43,000 before fresh consolidation. With Monday’s Wall Street open primed to deliver more of the turbulence in big tech stocks seen late last week, the environment for… Source link

“Our high level philosophy is that, in a democratic society, the people and their elected officials should decide what behavior is allowed and not allowed by setting laws. We think it sets a dangerous precedent when tech companies, such as Coinbase, or their executives start making judgment calls on difficult societal issues, acting as judge and jury. This approach sounds simple in theory, but in practice it is anything but.” (Coinbase CEO Brian Armstrong) … “That is, in betting on a… Source link