Bitcoin

MittGroup CEO Grant Mitterlehner tells Neil Cavuto Bitcoin is ‘the new gold.’ Bitcoin is trading above the $60,000 per coin mark on Tuesday after briefly tumbling below that level earlier in the day.  The world’s largest cryptocurrency has dropped more than 5% in the past 24 hours as of the time of publication, but it’s year-to-date returns are still up approximately 110%, according to CoinDesk. Meanwhile, Ethereum has dropped more than 7% to around $4,300 per coin.  Although the… Source link

Over the very long-term, no asset class has been more successful at making investors richer than the stock market. Although there have been instances where housing, bonds, oil, and other commodities have outperformed equities in the short-term, no other investment vehicles have produced a higher average annual return than stocks. Over the short-term, it’s a completely different story. Since the coronavirus pandemic trough for equities in March 2020,… Source link

Selecting a timeframe for technical analysis is always a tricky topic, but usually, the longer the trend, the higher the odds it shall prevail. For example, those analyzing the 3-day Bitcoin (BTC) chart will unarguably identify an ascending channel pattern that initiated in late June. Bitcoin price in USD on FTX. Source: Tradingview Bears will also always find ways to justify their views despite the fact that Bitcoin has hit new all-time highs following the United States consumer price surge… Source link

“We seem set for higher, long-term inflation rates, but not runaway inflation, which is a very bad backdrop for society, but a very good backdrop for continued strength in all risk assets, like digital assets,” Jeff Dorman, chief investment officer of Arca Funds, wrote Monday. Source link

The identity of Satoshi Nakamoto — a pseudonym for the legendary, still-unidentified creator of Bitcoin — could soon be revealed in a court case in Florida, according to a report. The family of deceased computer scientist David Kleiman contends he created the cryptocurrency along with Craig Wright under the Satoshi Nakamoto name. And Kleiman’s heirs are suing to get their half of a Bitcoin stash worth nearly $70 billion that’s under the famous pseudonym,… Source link

Bitcoin (BTC) begins a new week with a race towards all-time highs as bulls save the day — and the week — at the last minute. A week of sideways BTC price action came to an end just in time for the weekly close, with Bitcoin bouncing back to $66,000. It is a classic move that has become all too familiar in recent weeks, and attention is now focusing on bullish outcomes once again. With Wall Street still to open, Monday has yet to set the tone for the third week of “Moonvember,” one which… Source link

AMC CEO Adam Aron tells ‘The Claman Countdown’ the theater chain will allow payments in Dogecoin. A seemingly run-of-the-mill trial is playing out in Florida: The family of a deceased man is suing his former business partner over control of their partnership’s assets. In this case, the assets in question are a cache of about one million bitcoins, equivalent to around $64 billion today, belonging to bitcoin’s creator, the pseudonymous Satoshi Nakamoto. The family of the dead man says… Source link

The largest cryptocurrency has been trading mostly in the low $60,000′s since hitting an all-time high near $69,000 last week. Researchers at the crypto exchange Kraken wrote Friday that buy orders are concentrating around $62,000, while there appear to be interested sellers around $67,000 to $69,000. Source link

As cryptocurrency gains acceptance, more people are vying to get their paycheck and other benefits in bitcoin, Ethereum and other digital currencies. Famous athletes, politicians and everyday employees are now getting all or part of their salary this way. “Whether you’re the quarterback of the Green Bay Packers, or you’re driving Uber, you can get paid in bitcoin,” said Jack Mallers, CEO of Strike, a digital finance company. In the sports world, the Sacramento Kings are set to become the… Source link

Bitcoin, the most popular digital currency, soared to a new all-time high of nearly $70,000 per coin this week. It has climbed almost 125% this year, while the good old S&P 500 (SPX) is up less than 24%. The first Bitcoin ETF started trading last month, allowing investors to get in on the crypto craze without actually buying the currencies outright. Clearly, the crypto craze is here to stay. But there are big questions about what kind of regulation might be in the works for the asset class…. Source link