Bitcoin

With its huge price increases, Bitcoin presents an intriguing investment opportunity. It has already been an exciting year for Bitcoin enthusiasts, and we haven’t even reached June yet. Bitcoin traded at an all-time high of nearly $65,000 in April. The growth of cryptocurrency exchanges and apps has made it easier than ever to buy Bitcoin and many other cryptocurrencies. And merchants are gradually starting to accept it as a payment method. Given all the recent good news about Bitcoin, you may… Source link

Billionaires, celebrities and athletes can’t get enough of the crypto craze.  Tesla CEO Elon Musk thinks digital currencies are here to stay. So does investor and Dallas Mavericks owner Mark Cuban. They’re not alone. Rapper Snoop Dogg jumped on the Dogecoin bandwagon along with Kiss singer Gene Simmons and restaurateur Guy Fieri after the meme-inspired cryptocurrency surged a whopping 11,000% this year. Athletes are also flocking to bigger cryptos like bitcoin and ether following a… Source link

If you think the stock market’s rise has been impressive, wait until you see how Bitcoin has performed. Bitcoin’s rise has certainly been a remarkable one. In only 12 years, this cryptocurrency has gone from having no monetary value to surging above $60,000 for a brief period. And for investors who got in during the early days and have held on, the returns have been absolutely remarkable. While we obviously can’t go back in time, it can be fun to look at the amount of money made by those with… Source link

Bad news became good news on Friday for risk assets from stocks to bitcoin. The U.S. economy added 266,000 jobs in April, missing estimates of a 1 million gain. The weak jobs report reinforced expectations of continued easy money policy at the Federal Reserve, which sent bitcoin (BTC) higher by about 2% over the past 24 hours. The S&P 500 and Nasdaq also ended the day in the green while safe havens such as Treasury bonds sold off.  The April jobs miss suggests a fragile economic recovery,… Source link

Shares of Square are up more than 6% today after the American fintech company reported a staggering $5.06 billion in revenue in its Q1 2021 earnings report, far ahead of an expected tally of $3.36 billion. By posting the huge revenue beat, Square grew 266% compared to its year-ago Q1. Because that’s the sort of growth that we generally expect to see from early-stage startups instead of maturing public companies, some exploration is in order. In short, bitcoin revenues… Source link

Bitcoin was trading sideways on Friday, even as gold rallied to three-month highs amid a renewed drop in U.S. real (inflation-adjusted) bond yields.  The cryptocurrency was changing hands for $56,500 at 11:00 UTC, continuing a week-long consolidation in the range of $52,000 to $59,000, according to CoinDesk 20 data. Gold, a traditional store-of-value asset, rose to $1,820 per ounce, the highest level since Feb. 16. The move came a day after the U.S. 10-year real yield fell to a three-month… Source link

Wall Street is now in the Bitcoin game. On Tuesday, one of the world’s most important trading bodies announced it was creating a suite of indexes that would track cryptocurrencies. The move by S&P Dow Jones Indices follows other major developments mainstreaming Bitcoin, such as when the NFL’s No. 1 draft pick put his entire multimillion-dollar signing bonus into crypto last week and when no less than Sotheby’s announced this week that it will accept cryptocurrencies in an upcoming auction.

Bitcoin has regained poise on Wednesday after U.S. Treasury Secretary Janet Yellen toned down comments suggesting interest rate hikes may be needed to stop the economy from overheating. “It’s not something I’m predicting or recommending,” Yellen clarified during an online event hosted by The Wall Street Journal late on Tuesday, downplaying remarks made earlier in the day. “If anyone appreciates the independence of the Federal Reserve, I think that person is me,” Yellen added, Source link

Dogecoin, the meme-based, tongue-in-cheek bitcoin rival that’s soared by more than 20,000% over the last 12 months, is still climbing. The dogecoin price has added 130% in the past week, taking it to highs of 69 cents, as hype builds ahead of Tesla TSLA billionaire and dogecoin devotee Elon Musk’s planned SNL appearance. In comparison, the bitcoin price is only up a mere 500% since May 2020 and has been more-or-less trading sideways since mid-February (even as other cryptocurrencies… Source link

Bitcoin and ether got swept up in a crypto market sell-off Tuesday, along with U.S. stocks, before recovering later in the day. Earlier, ether and dogecoin touched new all-time high prices.   U.S. Treasury Secretary Janet Yellen was a catalyst for the midday sell-off after she warned that interest rates may need to rise. Some traders apparently sold on concerns the cheap money era might not last forever. Ether (ETH) trading around $3,369 as of 21:00 UTC (4 p.m. ET). Gaining 3.4% over the… Source link