Bitcoin

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Elon Musk, the meme-happy Telsa billionaire who has helped bitcoin reach a $1 trillion market capitalization this year, continues to tease the cryptocurrency market. The bitcoin price, after doubling through the first three months of the year, has struggled in April—losing over 10% of its value amid multiple warnings the “frothy” cryptocurrency market could be headed for a “major” correction. With Tesla set to release its first set of results since adding $1.5 billion worth of bitcoin… Source link

Bitcoin’s volatility has been moving in a downward direction, and the price of the currency seems fixed in a band between $50,000 and $60,000. Is the current market for bitcoin a temporary lull between lurches? Or is it a long-term trend toward lower volatility that could change the way bitcoin is perceived? The answer is, it’s too early to tell. The chart above shows bitcoin’s volatility has been on a steady decline. (Ether and the S&P 500 are included as references.) However, it’s… Source link

Did the world just witness the bitcoin bomb? Or, the chance for a bitcoin buy? The famed cryptocurrency fell sharply over the last half of April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000.  But is this decline a sign of serious trouble, or just expected volatility?  “Bitcoin’s volatility isn’t a flaw, it’s a gift — especially for the up and coming investor class of millennials and Gen-Z,” said Dave Balter, the chief executive of… Source link

A model of the digital cryptocurrency Bitcoin is on display at Zhengzhou Network Security Science … [+] and Technology Museum on November 27, 2020 in Zhengzhou, Henan Province of China. (Photo by Liu Yanfeng/VCG via Getty Images) VCG via Getty Images What the heck happened to my Bitcoin last week? I’ve been taking some off the table since hitting all time highs, and loading up my BitPay Mastercard with some gains. I remember where Bitcoin was in March 2020. Around $5,000…. Source link

Ripple co-founder, Chris Larsen. BankXRP/YouTube Ripple’s cofounder thinks bitcoin developers should be concerned about its proof-of-work technology. He suggested shifting to a more carbon-neutral method like proof-of-stake or federated consensus. “Such a change is critically important for bitcoin to remain the world’s dominant cryptocurrency.” Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The conversation around bitcoin’s environmental threat seems to be… Source link

Ripple co-founder, Chris Larsen. BankXRP/YouTube Ripple’s cofounder thinks bitcoin developers should be concerned about its proof-of-work technology. He suggested shifting to a more carbon-neutral method like proof-of-stake or federated consensus. “Such a change is critically important for bitcoin to remain the world’s dominant cryptocurrency.” Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The conversation around bitcoin’s environmental threat seems to be… Source link

Here’s how two brothers became Bitcoin billionaires. Tyler and Cameron Winklevoss, better known as the Winklevoss twins, have several claims to fame. You may have heard of their dispute with Mark Zuckerberg over the creation of Facebook — especially if you’ve watched The Social Dilemma. If you’re a sports buff, you might know they took sixth place in the men’s pairs rowing event at the 2008 Beijing Olympics. But more than that, the Winklevoss twins are crypto pioneers and Bitcoin… Source link

With Bitcoin down more than 25%, we’re sure there are no few Bitcoin (CRYPTO: BTC) holders wondering if this is the beginning of the end. What we want to point out is that, historically, every time Bitcoin has corrected it has always bounced back Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. April 24,… Source link

Cryptocurrencies like Bitcoin, Ether and Dogecoin took a beating Friday, extending a recent run of wild swings as President Joe Biden is expected to unveil a plan to raise taxes on the wealthiest Americans that would nearly double levies on investment gains. The losses erased more than $200 billion of value from the cryptocurrency market, according to CNBC, citing data from CoinMarketCap. Given bitcoin’s meteoric rise in recent years, it could push some investors to sell their positions in an… Source link