Bitcoin

Bitcoin (BTC) remains in a state of calm, but not social media. Ever since Facebook CEO Mark Zuckerberg shared the pic of his pet goat named Bitcoin on Tuesday, the Crypto Twitterati are abuzz with speculation and predicting a moon shot for the biggest cryptocurrency by market value.  But one analyst studying patterns in price charts says the cryptocurrency may suffer a deeper pullback before resuming the uptrend. The prediction is based on the MACD histogram’s recent drop below zero… Source link

The past few days in cryptocurrencies have been among the most striking yet: a token just days old hit a $45 billion market value, Dogecoin was used to pay for a space mission and Ether scaled new peaks. As day traders and Wall Street pros strive to make sense of it all, Yassine Elmandjra, crypto analyst at Cathie Wood’s Ark Investment Management LLC, is focused on what the sector represents for him: a new paradigm for transferring and preserving wealth, with Bitcoin and Ether at the… Source link

The most recent Bitcoin mining subsidy halving occurred officially one year ago today, on May 11, 2020. In recognition of the event, let’s take a look back at what has transpired in the Bitcoin market over the last year and a look forward to what it could have in store. The Importance Of The Halving’s Quantitative Tightening Following the record plunge across all asset classes during the global liquidity crises at the beginning of March 2020, record monetary and fiscal stimulus had bitcoin… Source link

Getty Images SOPA Images/LightRocket via Getty Images I’ll make this one quick, because it’s pretty straightforward. If bitcoin doesn’t rally if and when stocks are under pressure due to inflationary worries (i.e., now), it will likely set off an excruciating downtrend as king crypto’s mythos unravels and people come to terms with what it’s likely been about all along: selling to the next guy. A lot of people have infamously written “bitcoin is dead” articles…. Source link

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Bitcoin, after surging at the beginning of the year, has plateaued over the last couple of months. The bitcoin price nudged $65,000 per bitcoin in April before falling back slightly—with other, surprising cryptocurrencies stealing the limelight. Now, the chief investment officer of hedge fund Morgan Creek Capital Management has predicted the bitcoin price could soar to $250,000 within five years, arguing bitcoin “is going to become the base layer protocol for the internet of value.” … Source link

Bitcoin remains in a tight trading range between $56,400 and $59,700 as it begins to knock on the door of the major $60,000 level of resistance. The world’s largest cryptocurrency continues to trade much lower than April’s high of $65,000, which came in anticipation of Coinbase’s direct listing on Nasdaq. While Bitcoin has remained relitavely stable, the altcoin market has flourished with the likes of Ethereum more than doubling in 16 days. Typically, when Bitcoin trades in a sideways… Source link

You might have noticed some green squares floating around Twitter. Like the laser eyes, they are part of the insider signaling that creates a sense of cause and belonging. Unlike the laser eyes, they are not directly about the price – they signal support for the proposed Taproot upgrade for the Bitcoin network. Why is this important? It’s not just the benefits the upgrade brings, which are significant. Taproot is important because it reminds us of what Bitcoin is. The good stuff Before we… Source link

Yes, Dogecoin, the cryptocurrency that started as a joke and is now worth $90 billion, merits attention. But for those just beginning to take the field seriously, the two big names in the $2.2 trillion cryptocurrency market remain Bitcoin and Ether, the coin that fuels the Ethereum network. Bitcoin, the pioneer, has been on a tear, its value up about 500% in the past year. Yet it’s Ether that has been showing its older brother a thing or two, with a price jump of around 1,500% over the… Source link

Bitcoin is rapidly gaining popularity but many observers are concerned about its volatility. Insider spoke to four crypto experts to understand what the future holds. The experts also shared the most crucial information that beginners should know before investing. See more stories on Insider’s business page. Bitcoin is rapidly gaining… Source link