Bitcoin

Ethereum, or ether for short, is also trading at record levels. It’s now hovering around $4,850, having soared more than 560% this year, compared to the “mere” 135% pop for bitcoin. Crypto investors are betting that ether will continue to be used as the backbone for even more non-fungible tokens, or NFTs, as well as so-called smart contracts. Experts predict that this wave of decentralized finance (DeFi) will become more prevalent in banking. That could be great news for ether, as well as… Source link

Momentum strategies don’t appear to work with bitcoin BTCUSD, +2.48%. The past couple of weeks provide a good illustration of why. From an Oct. 19 high of almost $67,000, bitcoin fell $9,000 over the next eight days to just above $58,000 — indicating that the short-term trend was most definitely down. But, far from that trend continuing, bitcoin turned back up and over the next 12 days completely erased that decline. The same… Source link

The bitcoin price has reached a new record high, breaking through $68,000 (£50,000), and analysts predict that the world’s best-known cryptocurrency will rise further in the coming weeks. This beats the previous record high set in late October, when bitcoin reached nearly $67,700 before falling back again when investors discovered a new cryptocurrency, shiba inu. Other cryptocurrencies have also risen to record highs, such as ethereum, which soared to $4,837. Bitcoin has always been… Source link

Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors’ recent accumulation spree. Bitcoin Bull Pennant breakout in play BTC rallied over by 6% in the past 24 hours to reach a three-week high just shy of $66,500. In doing so, the cryptocurrency broke out of a consolidation range consisting of two diverging trendlines, a setup reminiscent of a Bull Pennant. Bull… Source link

Text size Cryptocurrencies have been on a tear this year. Dreamstime A rally in cryptocurrencies lifted two of the… Source link

The recent surge in the crypto asset partly seems to have been caused by investors piling in, seeing it as a hedge against inflation. Photo: Florence Lo/Illustration/Reuters Bitcoin (BTC-USD) rallied on Monday in London, flirting with record highs, as expectations for inflation readings in the US pointed higher. At 11.30am it was 6.6% up, trading at $65,884 (£48,848), having topped $66,000 earlier in the session. It looked set to breach the record high of $66,975 set in October.  The recent… Source link

Slow News Day November 15, 2021 Issue Thanks for the Bitcoin! How Does It Work? The West End Phoenix, a four-year-old community newspaper in Toronto, bills itself as “slow print for fast times”—a reaction against global forces that have been decimating local journalism, if not an analog way of life altogether. The Phoenix, which publishes periodically, is a broadsheet, defiantly large and ill-suited to manipulating on the subway. Its design is heavy on art photography, and feature… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading more than 7% higher Monday morning. The price was around $66,105 (+7.11%) per coin, while rivals Ether, the world’s second-largest cryptocurrency, rose to $4,722 (+3.75%) and Dogecoin traded at 28.4 cents (+9.51%), according to Coindesk. New York City Mayor-elect Eric Adams pledged Nov. 4 he would accept his first three paychecks in bitcoin when he formally takes office next year. MIAMI MAYOR TO ACCEPT ENTIRE SALARY IN… Source link

Bitcoin (BTC) starts a new week on a high in more ways than one as BTC/USD seals its highest ever weekly close. After days of painfully slow progress, Bitcoin finally put in a breakout move to the upside to pass crucial levels. Now ready to go “parabolic,” some argue, the largest cryptocurrency is now firmly back on the radar of traders after a week dominated by record highs in altcoins. Will “Moonvember” start to live up to its name? Cointelegraph takes a look at what could end up… Source link