Bitcoin

Bitcoin has climbed through March after its huge early 2021 rally came off the boil in February. The bitcoin price has returned to near its all-time high of just over $60,000 per bitcoin, settling just under the psychological level. Now, with bitcoin traders and investors searching for signs of what might move the market, a record near-$6 billion worth of bitcoin options are set to expire this Friday, March 26. MORE FROM FORBESMillions Tempted By Stimulus Check Bitcoin Bet After Sudden… Source link

DETROIT, March 21, 2021 /PRNewswire/ — Bitcoin and cryptocurrencies have become an increasingly popular payment method for online casinos today. One of the main reasons is all the benefits you get from bitcoin payments, such as increased privacy, low fees, fast payouts, larger bonuses, and extra security. There’s some disadvantages to bitcoin casinos you need to watch out for, though.  Some gambling sites that accept bitcoin can be shady and attempt to rip you off with unfair games and… Source link

Bitcoin has soared by almost 1,000% over the last 12 months—a rally that’s been outmatached by the second-most-valuable cryptocurrency ethereum. The bitcoin price has surged from under $10,000 this time last year to around $60,000 per bitcoin while ethereum has added 1,200%, climbing from just over $100 per ether token to almost $2,000. However, despite bitcoin’s recent success, some fear that central bank digital currencies (CBDCs) could be “kryptonite” for bitcoin and similar… Source link

Bitcoin mining is hugely energy intensive, requiring vast amounts of computing power Alessandro Bianchi/Reuters Bitcoin mining can help the development of renewable energy technologies by allowing a quicker return on green investments, according to the head of one of North America’s biggest crypto miners. Mike Colyer, chief executive of Foundry, a sister company of major bitcoin player Grayscale, told Insider he thinks bitcoin can be “a bridge between our current energy production… Source link

Bitcoin (CRYPTO:BTC) has rewarded investors with stellar returns over the past year, making it enticing for newcomers to jump in and see how much they could “win.” So far, the cryptocurrency has soared to new record highs every month of 2021 as more investors flock to Bitcoin to capture diversification and opportunity.   Now, there’s another incentive that makes investing in Bitcoin an option for those who haven’t dived in yet or those who simply… Source link

Elon Musk, the Tesla TSLA billionaire and outspoken bitcoin supporter, raised eyebrows among investors when he added $1.5 billion worth of bitcoin to his electric car company’s balance sheet last month. The bitcoin price has soared since Musk bet on bitcoin but concerns around bitcoin’s huge carbon footprint have weighed on the cryptocurrency. Now, hedge fund manager Anthony Scaramucci, whose 2017 tenure as Donald Trump’s communications director lasted just 11 days, has said… Source link

They say that the simplest way to beat the system is through emotionless investing. The irony, however, is that there is no form of investing in which emotions are not involved. If you have been part of the Bitcoin community, then you are not unfamiliar to price predictions ranging from zero to hundreds of millions of dollars. While very few of these predictions are backed by technical analysis, most of them are just guesses driven by people’s feelings at different times. As cryptocurrencies… Source link

Bitcoin (BTC) trading around $58,882.38 as of 20:00 UTC (4 p.m. ET). Climbing 2.52% over the previous 24 hours. Bitcoin’s 24-hour range: $56,327.79-$59,242.58 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. bitcoin trading on CoinbaseSource: TradingView Bitcoin’s price struggled to push higher after briefly touching $59,000 when markets opened in the U.S. on Friday. Investors continued to monitor the potential… Source link

Bitcoin believers may have new reason to rejoice following the stimulus checks, but Ethereum has use cases on its side. U.S. President Joe Biden’s $1.9 trillion COVID Relief Bill has passed congress and stimulus checks are soon to be distributed. Early signs indicate recipients are ready to buy Bitcoin. A survey by Mizuho Securities showed that out of 235 participants who expect to receive stimulus checks from the COVID Relief Bill, 10% are interested in investing in Bitcoin. It’s a small… Source link

Bitcoin and cryptocurrency prices have soared this week, with the combined value of the crypto market again nearing $2 trillion. The bitcoin price, after starting the year at around $30,000 per bitcoin, has doubled—soaring due to Wall Street institutional adoption and corporate interest from the likes of Tesla billionaire Elon Musk (and more buyers could be on the way). Now, Deutsche Bank analyst and Harvard economist Marion Laboure has predicted “the next two or three years should be… Source link