Bitcoin

As coming installments of this series will show, the rest of 2021 would be defined by market-moving tweets from electric-vehicle billionaire Elon Musk, rapid price rallies in barely-heard-of alternative cryptocurrencies, a fresh wave of corporate buy-in to the legitimacy and potential of digital assets, plenty more moments of extreme volatility – and, eventually, a new all-time high of around $69,000. Source link

One bitcoin currently trades for just under $49,000, a stunning surge of 66% from January levels. But the top crypto is also down nearly 30% from its record high of almost $69,000 hit in November. There is no denying that crypto has gone mainstream. The total value of all cryptocurrencies in circulation stands at more than $2.2 trillion, with bitcoin accounting for about $920 billion of that total. Ethereum, or ether, is starting to close the gap, too. Ethereum, which is a popular crypto for… Source link

Text size A visual representation of Bitcoin cryptocurrency. Edward Smith/Getty Images Bitcoin and other… Source link

Bitcoin (BTC) rebounded over 5% on Dec. 21 as a dramatic turnaround in the fortunes of the Turkish lira boosted investors’ confidence.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wishing on a sentiment flip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing overnight as the lira shot up as much as 40% against the United States dollar. The move came as Turkey’s president, Recep Tayyip Erdoğan, announced sweeping measures to protect consumers and… Source link

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Looking at the Bitcoin chart from a weekly or daily perspective presents a bearish outlook and it’s clear that (BTC) price has been consistently making lower lows since hitting an all-time high at $69,000. Bitcoin/USD on FTX. Source: TradingView Curiously, the Nov. 10 price peak happened right as the United States announced that inflation has hit a 30-year high, but, the mood quickly reversed after fears related to China-based real estate developer Evergrande defaulting on its loans. This… Source link

As coming installments of this series will show, the rest of 2021 would be defined by market-moving tweets from electric-vehicle billionaire Elon Musk, rapid price rallies in barely-heard-of alternative cryptocurrencies, a fresh wave of corporate buy-in to the legitimacy and potential of digital assets, plenty more moments of extreme volatility – and, eventually, a new all-time high of around $69,000. Source link

The price of bitcoin is down more than 33% from the crypto asset’s all-time high captured about a month ago on November 10. A while back, people expected the price of bitcoin to be extremely bullish during the months of November and December, and many expected a $100K bitcoin price by the year’s end. However, during the last 13 years, more so than not, bitcoin prices are typically bearish in the last two months of the year. The End of 2021’s Bearish Market Sentiment Is a Common… Source link

Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry’s best-known analysts suggested. In a Twitter discussion on Dec. 20, Willy Woo, creator of on-chain data resource Woobull, said that popular retail exchanges will not spark a further BTC price rout. U.S. retail stays calm throughout the rout Woo was debating the odds of fresh downside with veteran trader Peter Brandt, a commentator revered for calling Bitcoin price bottoms in recent… Source link

Cryptocurrency is big business. Once the domain of computer programmers and fringe early adopters, the past few years have seen digital currencies move to the mainstream. Last month, the Commonwealth Bank became Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through its app. “We see risks in participating, but we see bigger risks in not participating,” Commonwealth Bank CEO Matt Comyn told Bloomberg Television. Treasurer… Source link