Bitcoin

Bitcoin trading on CoinbaseSource: TradingView Bitcoin (BTC) was trading around $58,246.41 as of 20:00 UTC (4 p.m. ET). Slipping 1.31% over the previous 24 hours. Bitcoin’s 24-hour range: $57,421.85-$59,484.20 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin’s futures premium creeps back up Source: Skew Recently, bitcoin’s price movements have been, well, less exciting than the triple- and sometimes… Source link

At Tuesday’s prices, Bitcoin (CRYPTO:BTC) is up more than 700% in the past year, and 13,500% in the past five years. Those are life-changing returns — and some analysts still see big gains on the horizon. For instance, investment bank JPMorgan Chase said Bitcoin’s price could hit $146,000, a massive increase from today’s prices around $58,000. More recently, Ark Invest CEO Cathie Wood explained how its price could climb to over $400,000. In other… Source link

JPMorgan, in an email note released to clients on Thursday, cited decreasing Bitcoin volatility as a positive for institutional interest in the asset. In an article covering the release by Bloomberg, strategists including Nikolaos Panigirtzoglou at JPMorgan wrote: “These tentative signs of Bitcoin volatility normalization are encouraging… In our opinion, a potential normalization of Bitcoin volatility from here would likely help to reinvigorate the institutional interest going… Source link

Bobby Lee said the history of bitcoin was one of bubbles bursting and growing again Dado Ruvic/Reuters Bitcoin investors need to be more aware of the asset’s history of big booms and busts, Bobby Lee said. The crypto exchange founder said bitcoin is likely to shoot up further but then crash dramatically. Yet Lee said he is optimistic about bitcoin long-term, seeing it as an inflationary hedge. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin investors… Source link

Bitcoin is becoming an increasingly popular payment option among many companies. Fast-food chains, big tech firms, and leading drinks companies are embracing cryptocurrencies. See more stories on Insider’s business page. Rarely does a news cycle go by without some mention of bitcoin’s growing popularity, from fans and skeptics alike.  Its prices on trading… Source link

The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term. Alternative assets like Bitcoin and gold are priced against the dollar. Hence, when the DXY starts to drop, it often causes BTC to rally against the dollar. BTC/USD (orange) vs. DXY (green). Source: Tradingview Dollar’s share of global reserves is dropping fast According to Holger Zschaepitz, a market analyst at Welt,… Source link

Bitcoin is trading in contango. But what does this mean? “Contango is a situation where the futures price of a commodity is higher than the spot price.” –Investopedia Now, what’s a futures contract? “A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future.” –Investopedia Currently, the spot price (market price for bitcoin on exchanges) trades lower than futures prices. The spread for the… Source link

Bitcoin has won its fair share of Wall Street supporters this year amid a bull run that’s seen it soar around 500%. The bitcoin price hit highs of just over $60,000 per bitcoin last month before falling back slightly but has since made up lost ground. Meanwhile, the broader cryptocurrency market has surged to almost $2 trillion—boosted by decentralized finance (DeFi) tokens. Now, analysts at Wall Street banking giant and former bitcoin skeptic JPMorgan have said bitcoin could climb as… Source link

Bitcoin has been trading close to $60,000 over the last several days. Photo by: STRF/STAR MAX/IPx … [+] 2021 3/13/21 Bitcoin rises above $60K to a new record high. STRF/STAR MAX/IPx Bitcoin prices have been trading close to $60,000 lately, fluctuating near this key, psychological level as the cryptocurrency markets benefit from a steady supply of bullish news developments. Lately, the world’s most prominent digital currency has repeatedly tested the $60,000 level, rising… Source link

If you’re ready to buy your first Bitcoin, make sure you do it safely. Ready to buy your first Bitcoin? You might be buying because you believe in its original ideology or think it’s a solid investment. Or perhaps you want to put some Bitcoin aside for your children. Whatever your reason, it’s important to keep your investment safe. What is Bitcoin? And what are the risks? Bitcoin is a digital currency that was launched in 2009. It’s stored using something called blockchain technology –… Source link