Bitcoin

The first half of 2021 has so far offered some significant opportunities for bitcoin bears to be wrong. The most salient of them came this past Sunday, when the bitcoin price suddenly dropped to $47,073.37, down from a freshly set all-time high (just 11 days old), of $64,888.99.  That drop of 27.5% in less than two weeks put bitcoin into bear market territory, at least as far as the normal definition of a bear market is concerned. In equities, the term “bear market” usually applies when… Source link

Dogecoin has a superfan in Elon Musk, Ripple premined 1 billion XRP coins and Tether is a bridge between traditional money and digital currencies. Image: GettyImages/Yuriko Nakao If you’ve put off learning about digital currencies, now is the time to get up to… Source link

The problem with investing in bitcoin is that it instinctively feels too good to be true. The largest cryptocurrency by volume is worth 600 per cent more today than a year ago, soaring from about $7,000 per bitcoin to $54,000 this week, along the way becoming one of the best performing financial assets of 2020. Despite including some extreme price swings, the year-long rally has so far defied fears of a repeat of bitcoin’s spectacular price crash of 2018. Eye-popping returns are making… Source link

Traders and analysts continue to talk up ether and alternative cryptocurrencies as bitcoin struggles to regain the $64,000 record price level attained weeks ago. Bitcoin (BTC) trading around $52,964 as of 21:00 UTC (4 p.m. ET). Slipping 3.6% over the previous 24 hours. Bitcoin’s 24-hour range: $52,622-$55,851 (CoinDesk 20) BTC below the 10-hour and the 50-hour moving averages on the hourly chart, a bearish signal for market technicians. Bitcoin’s hourly price chart on Bitstamp since April… Source link

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Bitcoin chart on virtual screen money concept.Gold bitcoins with graph chart and digital technology background. getty The top question on everyone’s mind when it comes to bitcoin is what the price will be in the next two to five years. Unfortunately, there is no universally accepted route to making such an assessment.  Some investors prefer a more fundamental approach, where they evaluate macro trends to identify future performance. Such variables could include the ongoing shift… Source link

TipRanks These 2 Penny Stocks Could Rally Over 100%, Says Oppenheimer Speaking of economic opportunity, and the general benefits of wide-ranging growth, President John Kennedy once said, “A rising tide lifts all boats.” As the COVID crisis fades, and economic activity starts returning to normal, we may be seeing just such a situation. The corporate earnings season, which is underway now, is clobbering expectations for the first quarter of 2021. We’ve seen reports from 121 S&P-listed… Source link

Bitcoin has repeatedly broken fresh ground this year, doubling from its price of just under $30,000 per bitcoin at the start of 2021 to almost $65,000 earlier this month. The blistering 2021 bitcoin price rally has slowed since late February as bitcoin traders and investors try to call the top of the market. Now, an expert panel has predicted the bitcoin price will climb to just over $100,000 per bitcoin in 2021—with almost a third of the panelists surveyed forecasting bitcoin could… Source link

The story of boring bitcoin and exciting ether continued in the cryptocurrency markets Wednesday. Bitcoin (BTC) trading around $54,925 as of 21:00 UTC (4 p.m. ET). Gaining 0.14% over the previous 24 hours. Bitcoin’s 24-hour range: $54,046-$55,710 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin’s hourly price chart on Bitstamp since April 25.Source: TradingView Bitcoin’s price was holding steady on… Source link

Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis. Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point. If Bitcoin can’t overtake its 50-day mean — which currently sits at about $57,000 — then it might be in for a period of volatility as the gap between the two trend… Source link