Bitcoin

Bullish investors in bitcoin are cheering the virtual asset’s reclamation of a perch above $50,000 over the weekend, but the rally back above that threshold only served to renew bold predictions that the world’s No. 1 crypto will end the year at or above $100,000 a coin. “Bitcoin has recaptured $50,000; a big psychological victory for the cryptocurrency that will no doubt get people talking about how long it will be until we’re back in record… Source link

Pompliano Investments founder weighs in on investing in cryptocurrency and government regulation of the businesses on ‘The Claman Countdown’ The price of Bitcoin surged to a three-month high of $50,000 per coin on Monday. Bitcoin has surged to a three-month-high of $50,000 per coin on Monday (Photo courtesy of Coindesk) Meanwhile, rivals Ethereum and Dogecoin are trading at around $3,300 per coin and 32 cents per coin, respectively, according to real-time price tracking by Coindesk. 

On Saturday Benzinga ran a poll on Twitter asking whether people think Bitcoin (CRYPTO: BTC) would hit $50,000 this weekend. As of Sunday afternoon 71% of respondents chose ‘yes.’ Although Bitcoin may need a few days for further consolidation as the apex cryptocurrency looks to be preparing for another run north. See Also: Is Bitcoin a good investment in 2021? The Bitcoin Chart: Bitcoin has settled into a bull flag pattern with the pole created between Aug. 19 and Aug. 20 and the flag… Source link

Bitcoin (BTC) edged closer to $50,000 on Aug. 22 as concerns over a bearish downturn made a timely reappearance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Modestly bearish” signs accompany $50,000 run-up Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting a high of $49,830 on Bitstamp Sunday — itself a three-month record. The weekend had proven the staying power of higher levels, with even lower volumes failing to spark a comedown. “So far, so good for… Source link

Macro guru Raoul Pal is arguing against the idea that Bitcoin and the crypto markets are merely in a bubble. In a tweetstorm, the former Goldman Sachs executive compares Bitcoin’s behavior to the performance of tech unicorn Amazon in its early days.   Pal says he recalls believing that Amazon was in a bubble a long time ago. “I remember personally saying the same about Amazon, pretty much since inception.” Source: Raoul Pal/Twitter The closely followed analyst says that while… Source link

Veteran crypto trader and strategist Tone Vays says Bitcoin (BTC) needs to stay above a key level to sustain its bullish momentum. In an interview with crypto analyst Scott Melker, Vays explains why he’s bullish on the leading cryptocurrency.   “To invalidate, it’s going to be hard, even on a daily scale. Right now, I would need a full reversal and take out the latest swing low. I’m looking at the daily chart, and this is what I mean by that $30,000 price. I was looking at… Source link

The crypto market has been surging recently and there’s one cryptocurrency — Bitcoin (BTC) — leading the way. After having suffered through volatility for the better part of the last 60-some days, the flagship crypto has showcased a high level of recovery, even breaking past its 200-day moving average earlier this month, suggesting that a move to the $50,000 psychological barrier may be in the cards soon. To really put things into perspective, over the last month alone, BTC has Source link

Cryptocurrencies perked up on Friday amid a slew of positive news. Photo: Getty Images Cryptocurrencies were broadly up on Friday, having had less than stellar performances during the week, as it was reported that Wells Fargo (WFC) and JPMorgan (JPM) have registered a bitcoin fund with the Securities and Exchange Commission. Cryptos had been down after the industry failed to win a change to tax reporting rules in the US, but perked up on Friday amid a slew of positive news. Bitcoin (BTC-USD)… Source link

This illustration photograph taken on July 19 in Istanbul shows a physical banknote and coin imitations of the Bitcoin cryptocurrency. Regulators such as Securities and Exchange Commission Chairman Gary Gensler are promising tougher action for cryptocurrencies. Ozan Kose/AFP via Getty Images … Source link

Bitcoin is holding above $45,000 at press time and is attempting to break out from a slight downtrend over the past week. Cryptocurrencies have been consolidating near highs as a slew of negative headlines have kept buyers on the sidelines.  On Wednesday, minutes from the Federal Open Market Committee (FOMC) showed the Federal Reserve is considering slowing its pace of asset purchases later this year. Concerns about fading stimulus triggered a pullback in equities and commodities, and also… Source link