Bitcoin

Bitcoin traded at around $63,160 on Wednesday. Rafael Henrique/SOPA Images/LightRocket via Getty Images JPMorgan has renewed its $146,000 long-term price target for bitcoin, which first made waves in January. The bank says bitcoin is increasingly looking like a digital alternative to gold in the eyes of investors. It said cryptos are “are an emerging asset class and thus on a multi-year structural uptrend.” JPMorgan recently published a deep dive into digital assets and… Source link

‘Coin Stories’ podcast host Natalie Brunell breaks down the short-term downtrend on ‘Making Money.’ Bitcoin was trading 2% higher Wednesday morning. The price was around $62,800 per coin, while rivals Ether, the world’s second-largest cryptocurrency, hit an all time high rising to as high as $4,643, breaching the previous day’s $4,600 and taking the week’s gains to more than 10%, according to Reuters. Dogecoin was trading around 27 cents per coin, according to Coindesk. GET FOX… Source link

D-Keine / iStock.com How much do you know about cryptocurrency? If the answer is, “Not a lot,” you’re not alone. A recent survey of 1,000 people across the U.S., Mexico and Brazil showed that 98% of people don’t understand basic crypto concepts. For instance, 90% didn’t know that the Bitcoin supply is capped at 21 million. Equal numbers didn’t understand stablecoins, either. Discover: 10 Cheap Cryptocurrencies To BuyLearn: 10 Best Crypto Research Tools You Must Have as an… Source link

After a mixed day for Bitcoin and the broader market on Monday, it’s been a relatively bullish morning for the crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 3.68% to $63,194.0. A mixed start to the day saw Bitcoin fall to an early morning low $60,661.0 before making a move. Steering clear of the first major support level at $59,484, Bitcoin rallied to a late morning current day high $63,658.0. The morning breakout saw Bitcoin break through the first major resistance… Source link

Bitcoin (BTC) abruptly hit one-week highs on Nov. 2 after days of sideways action ended in a brief but strong breakout. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Upside action returns to BTC/USD Data from Cointelegraph Markets Pro and TradingView followed sudden volatility on BTC/USD as it gained over $1,500 in minutes. At the time of writing, $63,400 formed a focus amid the pair’s highest levels since Oct. 25. #Bitcoin ready to break out? pic.twitter.com/EHQnwyke7D —… Source link

LibertyX co-founder and CEO Chris Yim emphasizes the importance of convenience in financial transaction. Aaron Rodgers is getting in on the Bitcoin game. The Green Bay Packers quarterback and reigning 2020 NFL MVP announced Monday he partnered with Cash App to turn part of his NFL salary into Bitcoin. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM Green Bay Packers quarterback Aaron Rodgers (12) throws the ball into the crowd as time expires during the second half of an NFL… Source link

What happened Cryptocurrencies are starting off the week (and the month) well — and why wouldn’t they be? According to one well-known source of cryptocurrency, November is #CryptoLiteracyMonth!   As of 11 a.m., here’s how prices look for several of the biggest names in cryptocurrency:   Bitcoin (CRYPTO:BTC) is up a modest 2.5% over the last 24 hours. Ethereum (CRYPTO:ETH) is up a bit more — 3.5%. And Dogecoin (CRYPTO:DOGE) is powering ahead… Source link

Lately, Bitcoin’s (BTC) biggest investors have been upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests. Dubbed as the “Whale Supply Shock,” the on-chain indicator represents the ratio between the amount of Bitcoin held by “whales” and “fishes.” Whales represent addresses that hold between 10,000 and 100,000 BTC, while fishes are those that hold anything between 0.001 and 1,000 BTC. A rising Whale Supply Shock reading indicates a higher degree of… Source link

Bitcoin, Ethereum, Polkadot, Solana, Dogecoin, Shiba Inu. It doesn’t matter which, they’re all up. Cryptocurrency traders boosted the price of digital coins past their pre-selloff May peaks to all-time highs in October. The historic October climb extended beyond just crypto, of course. The S&P 500, Dow, Nasdaq, and Stoxx Europe 600 had impressive October runs (and hit all-time highs on Nov. 1). But leading them all was the king of crypto, Bitcoin, which hit an all-time high near $67,000… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 2.4% higher Monday morning. The price was around $62,130 per coin, while rivals Ethereum and Dogecoin were trading around $4,335 (+1.71%) 27.4 cents (3.95%) per coin, respectively, according to CoinDesk. BITCOIN’S ETF OPENS THE FLOODGATES FOR MORE The October rally by bitcoin appears to have stabilized the cryptocurrency ahead of central bank meetings in the U.S., U.K. and Australia to assess the effectiveness of… Source link