Bitcoin

Let’s talk about scarcity: what it is, and how it relates to the dollar, gold and bitcoin. First let’s start by defining it. Scarcity is the gap between the limited supply of various resources and the limitless want of humans. The principle of scarcity is a core concept in the study of economics. Thomas Sowell, an economist at the Hoover Institute, defines economics as such: “The study of the allocation of scarce resources with alternative uses.” There Are Two Different Types Of… Source link

Bitcoin (BTC) has been struggling to break the $50,000 mark for over 10 days now. However, on Sept. 2, the premium cryptocurrency briefly surpassed the milestone, sending positive ripples across the market. Since then, the token has dropped below the mark to trade in the $49,000 range before rebounding to hit the $50,000 mark yet again on Sept. 3. As Bitcoin often behaves in a cyclical pattern, a look at the monthly trends for September could reveal patterns in the price, which in turn could… Source link

Text size Bitcoin tends to fall in September. Dreamstime Cryptocurrencies’ hot summer shows no signs of cooling off. … Source link

The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer jobs than anticipated, lowering the Federal Reserve’s likelihood to start unwinding its stimulus program this year. The U.S. Bureau of Labor Statistics revealed that nonfarm payrolls (NFPs) grew by 235,000 in August, against expectations of 733,000 positions. Nevertheless, the… Source link

In 2009, you could mine one Bitcoin using a setup like this in your living room. Amount of household electricity required to mine one coin: a few seconds’ worth. Bitcoin’s value: basically nothing. Today, you’d need a room full of specialized machines, each costing thousands of dollars.

The crypto market is back in high spirits on Sept. 2 after Bitcoin price briefly tapped the $50,000 level in the early morning trading session. The move above the key resistance level came as industry insiders hinted that major companies and institutional investors hinted that recent Bitcoin purchases would soon be disclosed in public documents. Additional bullish news came after Vast Bank announced that it had become the first U.S. bank to allow customers to buy, sell and hold Bitcoin (BTC)… Source link

Bitcoin (BTC) made traders play a guessing game on Thursday as $50,000 looked increasingly shaky as new support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto seeing “spectacular” September Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it crisscrossed the $50,000 barrier after returning to it for the first time in almost two weeks. The largest cryptocurrency saw 4.5% gains on the day, these nonetheless beaten by three of the top 10 altcoins,… Source link

After a bullish Wednesday for Bitcoin and the broader market, it’s been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 2.28% to $49,937.0. A mixed morning saw Bitcoin fall to an early morning intraday low $48,631.0 before making a move. Steering clear of the first major support level at $47,229, Bitcoin rallied to a late morning intraday high $50,350.0. Bitcoin broke through the first major resistance level at $49,778 to… Source link

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Bitcoin broached the $50,000 level once again as the wider cryptocurrency market continued its rally. The largest cryptocurrency rose as high as $50,362 on Thursday, having briefly surpassed $50,000 on Aug. 23 as well — a level it hadn’t hit since mid-May. Ether, the second-largest crypto, rose as much as 3% to $3,843, continuing a strong run after its London upgrade early last month.  Source link