Bitcoin

It has been a big year for cryptocurrency. Bitcoin is worth six times what it was 12 months ago, and the joke currency Dogecoin has seen a hundredfold increase in price. A boom in “non-fungible tokens”, or NFTs – tradable tokens based on the same technology as cryptocurrency – is transforming the art market. With this growth has come renewed scrutiny, with critics attacking Bitcoin in particular as a speculative bubble that uses vast amounts of electricity and produces no real… Source link

With talk of the flippening – ether supplanting bitcoin as the leading cryptocurrency – becoming part of the daily crypto conversation, the question needs to be asked; what do the differences between ether and bitcoin potentially mean for the future development of blockchain and crypto applications? Getty Getty Images Bitcoin has long been, ever since blockchain and crypto became part of the financial markets conversation, the market leader, conversation starter, and dominant… Source link

The amount of “Bitcoin At Work,” or the Total Value Locked (TVL), a measurement of the amount of BTC locked in Decentralized Finance (DeFi), has exploded over the past year. More than 210,000 BTC (1% of the 21 million BTC supply cap) are now locked in various forms on other blockchains like Ethereum—a figure worth over $11.5 billion at current USD prices. Bitcoin At Work – 1 year chart Screenshot – DeFiPulse Up more than 300% BTC from my previous article, Can You… Source link

By definition, bitcoin has crashed. getty Although you don’t hear it, bitcoin (BTC) has crashed. A crash is classically a 25% fall in a sudden sharp move. This is the only chart I’m interested in now. It shows that bitcoin crashed at the beginning of March and then again at the beginning of April. While it recovered both times it leaves the chart looking like this: The bitcoin chart – there were two recent crashes Credit: ADVFN For the believers this is yet… Source link

The world’s second-most valuable cryptocurrency has soared even more than bitcoin (XBT) in 2021 thanks to non-fungible token mania and increased adoption of ethereum — ether, for short. Ether prices are now hovering around $3,400, a more than 330% gain this year. Bitcoin prices have risen a “mere” 90% by way of comparison. In the past week alone, ether is up a staggering 30% while bitcoin is flat. That has raised some concerns that ether has risen too far, too fast, just like bitcoin did… Source link

If Bitcoin were a mechanical watch, the fee market (not the free market) would be the mechanism making everything tick. This is where everything starts and ends. This is where censorship resistance comes from and where the precious resource of block space gets priced into energy consumption. The Bitcoin fee market is the first man-made free market that ever existed. In a free market: No third party can intervene in pricing No one can stop you from participating Participation is voluntary Most… Source link

Ether is excelling while the bitcoin sideshow is barely making gains. BNB breaks out on DeFi, going past $100 billion in market capitalization Monday. Ether (ETH) trading around $3,290 as of 21:00 UTC (4 p.m. ET). Gaining 10.7% over the previous 24 hours. Ether’s 24-hour range: $2,941-$3,300 (CoinDesk 20) Bitcoin (BTC) trading around $57,366 as of 21:00 UTC (4 p.m. ET). Clmbing 0.76% over the previous 24 hours. Bitcoin’s 24-hour range: $56,427-$58,929 (CoinDesk 20) Ether well above the… Source link

In this article, we will take a look at the 10 best bitcoin stocks to buy now. You can skip our comprehensive analysis of the current bitcoin industry trends and go directly to 5 Best Bitcoin Stocks to Buy Now. Bitcoin is gaining momentum as the global economy recovers due to increasing consumer market demand. The world’s largest digital currency by market value soared to more than $64,000 on April 14 before plummeting to around $48,000 in the fourth week of the month. However, bitcoin’s… Source link

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Today I’m going to weave together three seemingly unrelated stories from the past week to highlight a trend that I believe we are largely overlooking. Ready? First, Tesla’s Q1 earnings release revealed that the company sold $272 million worth of its bitcoin holdings in the first quarter. According to its CEO, Elon Musk, it did so to test the market’s liquidity. The $101 million it added to the company’s quarterly profit didn’t hurt, either. Second, crypto lender Genesis Trading (a… Source link