Bitcoin

Bullish sentiment continues to grow after bitcoin’s price broke above $57,000 on Monday. BTC is up about 3% over the past 24 hours, extending its outperformance compared to alternative cryptocurrencies. Analysts see continued upside, with some calling for a return to the all-time high near $63,000 this quarter. “The crypto rally is impressive since it occurred in the face of a broader risk-off environment in both equities and bonds, with crypto markets seemingly decoupling from the… Source link

Bitcoin has obliterated both the $56,400 and $57,300 levels of resistance as it begins to embark on a sensational comeback towards the $60,000 mark. The world’s largest cryptocurrency has now doubled in value since late June and early July when it languished below $30,000. The rally is being attributed to unconfirmed rumours of a Bitcoin ETF being approved by the SEC, whilet others believe Bitcoin is finally coming into its own as an inflation hedge in light of stagnation in the value of… Source link

Bitcoin jumped to a fresh five-month high early Monday, extending its two-week price rally even though Friday’s weak U.S. jobs report failed to damp expectations that the Federal Reserve will begin to scale back its bond-buying program in November. The market also turned a blind eye toward the data showing supposedly bearish positioning by leveraged funds in the futures market. The cryptocurrency rose to $57,000 during the early European trading hours, hitting its highest mark since… Source link

The U.S. jobs data, which released on Friday, showed Nonfarm payrolls increased by 194,000 in September, compared to the Dow Jones estimate of 500,000. However, the jobless rate dropped to an 18-month low of 4.9%, keeping the Fed on track to begin unwinding the crisis-era stimulus from November and lift interest rates by mid-2022. Source link

55 days from now will be the hundred-year anniversary of when the American industrialist and business magnate Henry Ford talked about a unique “energy currency” that could “stop wars.” The well known founder of the Ford Motor Company suggested that a currency could be backed by energy in kilowatt-hours (kWh) in a similar fashion to the way energy is leveraged to mine bitcoin. New York Tribune, December 4, 1921: ‘Ford Would Replace Gold With Energy Currency and Stop… Source link

Like a toddler in a car seat on a long drive, last week the cryptocurrency market persistently asked the gnawing and annoying question, “Why?” Specifically, why did someone make a massive purchase of $1.6 billion worth of bitcoin on Wednesday in a couple of minutes? You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. While many see this huge buy as a signal of… Source link

This time on Speaking of Bitcoin, join hosts Stephanie Murphy, Jonathan Mohan and Adam B. Levine for a look at bitcoin tipping through the ages. From the dogecoin-like fun and fervor of the early days to the game-changing bridges that first brought it to twitter, the hosts dig into Youtube, Changetip, TechCrunch and more. Source link

Experienced analysts and media outlets including Cointelegraph recently highlighted some indicators suggesting that the Bitcoin (BTC) price rally could be overextended. Those bearish views include one from Bollinger bands creator John Bollinger, suggesting traders use a trailing stop, as signs of a “top” were building up. However, it is worth noting that Bollinger Bands and the Fear and Greed indicator are backward-looking metrics. Therefore, those will usually flash overbought levels… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 2.33% lower on Saturday morning. The price was around $54,580 per coin, while rivals Ethereum and Dogecoin were trading around $3,576 (-1.93) and 24.4 cents (-1.02%) per coin, respectively, according to Coindesk. U.S. Sen. Cynthia Lummis, R-Wyo., has long been a fan of Bitcoin, and a disclosure filed on Thursday shows she grabbed up to $100,000 worth of the cryptocurrency in a transaction over the summer. CHINA PROPOSES… Source link

One analyst said the price level which matters the most for bitcoin now is $60,000. (Reuters) Bitcoin’s price was up on Friday morning and has managed to hold above a key level of $50,000 (£36,785), as analysts predict cryptocurrencies are going to soar in the last quarter of 2021. At the time of writing, bitcoin (BTC-USD) was up 1.2% to trade at $55,224. Ethereum (ETH-USD), the world’s second largest crypto by market cap, was up 0.5% to trade at $3,600. This comes amid reassuring… Source link