Bitcoin

On a fifteen year-scale Fidelity expects Bitcoin can touch $100 million based on the stock-to-flow model. While several retail analysts have been giving some crazy target for Bitcoin (BTC), this time investment giant Fidelity has made some mind-blowing predictions. In its recently held “very special” webinar, the Boston-based investment giant has turned ultra-bullish for Bitcoin. The analyst at Fidelity took a deep dive into Bitcoin discussing its possible effect on the market. Fidelity… Source link

Bitcoin (BTC) held $49,000 on Aug. 28 after the United States Federal Reserve sparked a run-up toward critical resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on $49,300 on the weekly chart Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling at higher levels after cracking the $49,000 mark late Friday. The end of the working week had seen a positive reaction to comments from Fed Chair Jerome Powell on tapering of asset purchases, as well… Source link

Juan Mayén, a Honduran entrepreneur who’s trying to set up the country’s first crypto exchange. (Photo courtesy of Juan Mayén) Juan Mayén, a Honduran entrepreneur, just opened his country’s first crypto ATM, La Bitcoinera, earlier this week. Located in Honduras’ largest city, Tegucigalpa, inside the building where Mayén works, the ATM is one step forward in the entrepreneur’s goal of giving Hondurans access to cryptocurrency markets. Since El Salvador’s president Nayib Bukele first… Source link

Bitcoin (CRYPTO: BTC) and other cryptocurrencies “are not legal tenders and have no actual value support,” according to Deputy Director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC) Yin Youping. What Happened: According to a report by local news outlet People’s Daily Online, Youping said that cryptocurrencies are purely speculative assets. He also advised the public to increase its risk awareness and stay away from the crypto market to “protect… Source link

Andrew Schober was almost all-in on cryptocurrency. In 2018, 95 percent of his net wealth was invested in the digital tokens, which he hoped he could sell later to buy a home and support his family. But then disaster struck. Schober had downloaded an app called “Electrum Atom” after clicking a link on Reddit, mistakenly thinking it was a bitcoin wallet. Instead, it was malware that allowed hackers to steal 16.4552 bitcoin when he tried… Source link

Bitcoin (BTC) price is still 4.4% down from its Aug. 23 high at $50,500, leading some traders to question whether the local top marked the end of the recent 34-day long bull run. Even with the current correction, derivatives data and the maneuvers of professional investors are not flashing any bearish signals. Bitcoin price in USD at Coinbase. Source: TradingView On Aug. 24, prominent technical analyst John Bollinger suggested that Bitcoin price could be pushed lower in the short term. A… Source link

MicroStrategy (MSTR) recently doubled down on bitcoin (BTC-US) by once more adding more of the cryptocurrency to its balance sheet. The analytics platform now owns the most bitcoin out of all publicly traded companies.  “Calling it a ‘cloud services company’ doesn’t even feel fully accurate anymore,” Daniel Roberts, editor in chief of Decrypt Media, told Yahoo Finance.  “Obviously some preexisting MicroStrategy shareholders from before Saylor went gaga for bitcoin probably don’t love it, but… Source link

Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon. In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear move. PlanB focuses on “key” remaining months With BTC/USD trading at $47,000 this week, PlanB has a lot to be confident about. His recent prediction of a minimum monthly close for August exactly matches current prices —… Source link

After a particularly bearish Thursday, 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 1.54% to $47,563.0. A mixed morning saw Bitcoin fall to an early morning low $46,363.0 before making a move. Steering clear of the first major support level at $45,638, Bitcoin rose to a late morning high $47,762.0. In spite of the rebound, however, Bitcoin fell well short of the first major resistance level at $48,713. The Rest of… Source link

A PayDepot Bitcoin ATM machine is pictured in a shop in Union City, New Jersey, US. Photo: Reuters Cryptocurrencies were broadly higher on Friday but bitcoin remains below the $50,000 (£36,462) mark amid mining difficulties. Bitcoin (BTC-USD) hit a three-month high above $50,000 on Monday. It was up 0.7% on Friday morning but was trading at $47,271. Ethereum (ETH-USD), the second biggest crypto by market cap, ticked up 0.8% to trade at $3,114. Forbes reported that “mining difficulty”, a score… Source link