Bitcoin

Follow @crypto Twitter for the latest news. After years of waiting for a U.S. Bitcoin ETF, the crypto community may finally get as many as four products in a matter of weeks.  Source link

Bitcoin and other cryptocurrencies are shooting up the charts this week, continuing their break-away pattern from the stock market over the last month. While bitcoin’s (BTC-USD) volatile behavior still baffles plenty of investors, it’s increasingly the safest bet as regulators worldwide signal a tightening over the crypto sector. While the overall crypto market at times moves in lockstep with other risk-on assets, since October the asset class is showing some divergence. The S&P 500 (^GSPC)… Source link

In the world of equities, most investors know that a first-mover advantage is a big deal. In the world of cryptocurrencies, this also appears to be the case. As the world’s first (and for some time only) option for crypto enthusiasts, Bitcoin (CRYPTO:BTC) has led the way in reshaping how investors think about assets. The rise of digital tokens and blockchain technologies has shifted the paradigm with respect to how we think about commerce. Indeed,… Source link

The price of the world’s most valuable cryptocurrency spiked nearly 10% Wednesday morning to around $55,000, following news that the investment firm founded by billionaire George Soros owns bitcoin. Soros, who is famous for making big money on traditional currency investments, is rumored to have been trading in bitcoin for the past few months. And the head of Soros Fund Management argues bitcoin has even more long-term potential: “I’m not sure bitcoin is viewed only as an inflation hedge… Source link

Additionally, short-term holders, or those who purchased BTC within the last 155 days, are recovering previous losses. “As a larger portion of the market returns to profit, it creates incentives for some investors to take profits,” Glassnode wrote. Some BTC investors could also decide to hold long positions for continued upside this year. Source link

Text size Bitcoin and other cryptos are rallying, despite growing market and regulatory risks. Dreamstime Bitcoin has… Source link

Although there was no specific catalyst driving bitcoin’s recent surge, digital asset investment firm CoinShares notes investors have been plowing money into cryptocurrencies for the past seven weeks. “We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors,” CoinShares said in a report Monday. That increased confidence has pushed bitcoin to rally almost 20% in the past week. Other top cryptocurrencies, including ethereum, binance,… Source link

Updated Oct. 5, 2021 9:19 am ET Bitcoin is on the rise and stock futures are up, a day after a selloff among major technology firms dragged down broader indexes. Here’s what we’re watching as we get ready for Tuesday’s trading session. Bitcoin’s dollar value cracked $50,000 for the first time in a month, rising as much as 2.8% from its 5 p.m. ET level… Source link

Meme token Shiba Inu surged 51% after Tesla CEO Elon Musk, a crypto proponent, tweeted a photo of his puppy, which is the same breed the token is named after. Photo: Getty Cryptocurrencies were broadly higher on Tuesday afternoon as bitcoin crossed a key level of $50,000 (£36,702) for the first time in four weeks. Bitcoin (BTC-USD) was up 5.4%, trading at $50,120. Ethereum (ETH-USD), the second biggest crypto by market cap, was up 3.3% to trade at at $3,445. “The big factor for the bitcoin… Source link

Bulls flexed their muscles on Oct. 4 and proof of this came as Bitcoin’s (BTC) price rallied within $500 of the $50,000 mark. This move toward the key psychological resistance helped to pull the Crypto Fear & Greed Index out of the “fear” zone and into the “neutral’ state on Oct. 4.  Crypto Fear & Greed Index. Source: Alternative The price action for the top crypto has seen increased volatility in recent weeks as countries like China have increased their crackdown on cryptocurrencies, a… Source link