Bitcoin

Bitcoin (BTC-USD), the premiere digital currency first introduced in 2009, raised eyebrows this week when it dropped below $40,000 for the first time in three months, stoking fears of uncontrolled volatility. But by Wednesday, the coin’s price had risen back to $43,000 and many financial leaders are predicting Bitcoin to surpass $75,000 before the year ends. The quick recovery proved to many crypto enthusiasts that Bitcoin is here to stay. Now, some investors are highlighting Bitcoin for… Source link

Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher. What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End JPMorgan has conducted a survey of its clients about what they expect the price of bitcoin to be by year-end. The global investment bank released the results earlier this week. The survey was… Source link

In developed economies, bitcoin is very much seen as a risk-on asset and is being traded based on macroeconomic developments such as inflation and central-bank stimulus programs, according to Deane. In developing economies like Turkey, Brazil and Argentina, however, there is a clear inflation-hedge play. Source link

“First Mover” hosts were joined by world-renowned cryptographer and privacy advocate and Elixxir CEO, David Chaum, who shared his views on the current state of cryptocurrency and blockchain and the development of Web 3, among other topics. Wade Peery, chief administrative officer of First Bank, shared insights into the plan to offer stablecoin “USDF.” Plus, “First Mover” interviewed James Burnham, a partner at the law firm of Jones Day, on the crypto regulation turf war. Source link

Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range.  Data from Cointelegraph Markets Pro and TradingView shows that after reaching an intraday high of $44,500, bears took control of the Bitcoin market and hammered the price to a low of $42,315 while the wider global financial markets also  Source link

Bitcoin (BTC) fell more than 2% from local highs during Jan. 13 in the latest move to keep market participants guessing about what’s to come for the largest digital asset.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “One step at a time” Data from Cointelegraph Markets Pro and TradingView tracked the pullback for BTC/USD after the pair hit its highest levels in more than a week. A trip to $44,450 on Bitstamp after the Wall Street open was followed by an hourly candle that… Source link

How about this as an incentive to relocate: $10K in crypto and a bike.  Northwest Arkansas hopes to lure remote tech workers and entrepreneurs to the region by offering them $10,000 worth of Bitcoin (BTC-USD) and a bicycle.  “Northwest Arkansas is one of the fastest-growing regions in the country, and we’re now seeing more explosive growth in our tech sector,” said Nelson Peacock, president and CEO of the Northwest Arkansas Council. “This expanded incentive offer — Bitcoin and a… Source link

shuang paul wang/iStock via Getty Images Thesis Summary As inflation hits its highest since 1982, Bitcoin (BTC-USD) approaches the “death cross”, by which I mean the crossover of the 50 and 200 day moving averages. This has happened a few times already, most recently in July, and it was contrary to intuition a bullish signal. On top of that, we have some evidence from on-chain metrics that suggest Bitcoin could experience a short-squeeze but also point to the fact that retail is… Source link

Bitcoin (BTC) has bounced 11% from the $39,650 low hit on Jan. 10 and, currently, the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify the 42% correction that took place since the Nov. 10 all-time high at $69,000. At the time (Nov. 12), negative remarks from the U.S. Securities and Exchange Commission (SEC) were issued at the rejection of VanEck’s physical Bitcoin exchange-traded fund (ETF)…. Source link

The largest digital asset by market value rose as much as 3.3 percent to $44,085 Wednesday. By Vildana Hajric and Emily GraffeoBloomberg Published On 12 Jan 202212 Jan 2022 Bitcoin climbed above $44,000 for the first time in a week as the most U.S. inflation in four decades revives the debate about whether the cryptocurrency is a hedge against rising consumer prices. The largest digital asset by market value rose as much as 3.3% to $44,085 Wednesday, following the release of the consumer price… Source link