Bitcoin

By now, you’ve probably heard of Bitcoin. You may have heard that it has made some people rich. You may also have heard that it’s a new form of digital money and that it’s the future of commerce, or that it’s a criminal enterprise and that it’s bad for the planet. The messaging is confused and confusing, which is partly because no one person controls it — just like Bitcoin, which belongs to… well, all of us. In this short essay, I want to help the Bitcoin-curious understand a few… Source link

Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows. According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows. Strong hands knuckle down throughout 2021 In the latest sign of the conviction of those who invest in and hold Bitcoin over multiple years, CDD remains extremely calm. The indicator refers to how long each BTC has been… Source link

Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s not possible for the price of bitcoin to reach a very high number, such as $1 million. He explained: “Logically … there’s a limitation on its price in relationship to other things like it.” Ray Dalio on Where the Price of Bitcoin Is Heading Bridgewater Associates founder Ray Dalio shared his view on how high he thinks the price of bitcoin could reach in an interview with… Source link

Bitcoin isn’t a new phenomenon (it was actually released in its most primitive form way back in 2009), but it might be new to you! Thankfully, while the Bitcoin waters may be confusing and difficult to wade through, there are lots of great Bitcoin apps for your iPhone to help you get started. If you’re new to Bitcoin, you might want to look into some resources we linked below to help you learn more about the three whys of Bitcoin: Why now? Why anything? Why Bitcoin? Bitcoin was… Source link

Mexico’s third-richest person sent out a heart-warming new year message to Bitcoin (BTC) enthusiasts on Christmas eve. Ricardo Salinas Pliego recommended moving away from fiat money and buying bitcoin in a two-minute festive video.  He gives three pieces of advice to his 957,200 followers on Twitter as part of his Christmas and New Year message before asking his followers to retweet and share: “Steer clear of fiat money. Whether it’s the Dollar, the Euro, or the Yen –it’s all the… Source link

Bitcoin (BTC) starts a new week near $51,000 as the end of 2021 draws near and traders down tools for the holidays. After a $50,000 Christmas, Bitcoin continues to take stock of a year in which it has gone from $29,000 to $69,000 and halfway back again. Expectations were certainly not for such eerie calm to round out December — a blow-off top, the majority argued, should have already taken the market to $100,000 and beyond. Instead, after dipping to $41,800, a slow grind through familiar… Source link

Investors in bitcoin are seeing a two-week high, with the popular coin hitting $51,144.62 on Dec. 26, a report says. This comes after a difficult few weeks where the coin saw a 33% drop. That came after bitcoin hit an all-time record on Nov. 10, surging to $69,000. The coin has seen some strife since then, dropping to around $45,000 to $48,000, a cutting-out of around $23,000 of its value. The end of this year has seen the coin rallying, though – it’s up 4% in the last two days and 8% in… Source link

In less than a week, investors can pop the champagne corks and celebrate another successful year. Through Dec. 22, the widely followed S&P 500 was higher by 25%, which more than doubles up its average annual total return of around 11%, including dividends, since the beginning of 1980. But it’s the cryptocurrency space that’s delivered the juiciest gains of all. Since the year began, the aggregate value of all digital currencies came close to tripling…. Source link

2021 has been an excellent year for the broader cryptocurrency market in terms of adoption and price action. The prices of most cryptocurrencies have soared massively since the start of the year despite the recent bearish trend. Bitcoin Adds More Than 70% to its Value in 2021 2021 is coming to an end, and Bitcoin remains the most dominant cryptocurrency in the world. The cryptocurrency’s value has experienced a massive increase in value over the past 52 weeks, outperforming numerous major… Source link

Bitcoin (BTC) held $50,000 into Dec. 25 as BTC bulls avoided an unwelcome Christmas Day surprise. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Bears become bulls” short term? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $50,000 support into the weekend, having ranged after local highs above $51,500. The pair was calm as the holiday season got underway, with thinner liquidity yet to show itself in the form of volatile price moves. With most… Source link