Bitcoin

Bitcoin has surged back this week after its early 2021 bull run slowed, with the 18.6 million bitcoin tokens in circulation again worth over $1 trillion. The bitcoin price has added almost 10% over the last 24 hours, taking it within touching distance of its all-time highs. Bitcoin reached $54,500 on the Luxembourg-based Bitstamp exchange—just shy of the $58,000 high it hit in February. However, the surge comes as the world’s biggest technology stocks, including Tesla TSLA ,… Source link

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Bloomberg U.S. Government to Sell 0.7501 Bitcoin Worth $38,000 at Current Prices (Bloomberg) — Tucked away among the Ford, Dodge and Chevy sedans, the 12,000-gallon storage container and the inoperable Caterpillar tractor being auctioned off by the U.S. government is an unusual item: 0.7501 of a Bitcoin.The U.S. General Services Administration typically uses its auctions to sell surplus federal equipment to the general public. With lot 4KQSCI21105001, which goes up for auction in a week, the… Source link

Sawitree Pamee / EyeEm/Getty Images Institutional interest in bitcoin sets the latest bull run apart from 2017’s retail-driven surge, Goldman says.  The head of digital assets has had over 300 conversations with institutional clients about bitcoin.  Much of the institutional demand has been driven by fears around asset devaluation. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Institutional interest in bitcoin sets the latest bull run apart from 2017’s… Source link

Bitcoin has erased Sunday’s gains as stock markets struggle to cheer progress on U.S. fiscal stimulus efforts. The cryptocurrency is changing hands just over $50,150 at press time, representing a 1.55% drop on the day, according to CoinDesk 20 data. Prices had jumped from roughly $49,000 to $51,800 on Sunday as the U.S. Senate approved President Joe Biden’s $1.9 trillion stimulus plan. The bill now heads back to the House for clearance. Traditional markets gave mixed reactions early today,… Source link

Meitu, a tech firm known for a popular photo-editing app, said Sunday that it bought some $40 million worth of cryptocurrency. That includes about $18 million worth of bitcoin and more than $22 million worth of etherium. “Cryptocurrencies have ample room for appreciation in value,” the company said in a filing to the Hong Kong stock exchange. Meitu added that buying the cryptocurrencies helps the company diversify its cash holdings, and said it showed that the firm wants to “embrace… Source link

Bitcoin, after roaring into 2021, has now plateaued at around $50,000 per bitcoin, with the price more-or-less treading water over the past week. The bitcoin price, up almost 500% since this time last year, has exploded higher amid a combination of Wall Street institutional adoption, corporate interest, and retail traders piling into the market—and some think it could have a lot further to run. Now, recent market data has shown the bitcoin price gap between crypto exchanges Coinbase… Source link

Ethereum blockchain developers approved one of the biggest changes to the network since its inception in 2015, a shift that could spur even bigger gains in the price of its native cryptocurrency Ether. The move will reduce the amount of outstanding Ether by destroying some of the tokens every time it’s used to fuel transactions on the world’s most-used blockchain. Known as EIP 1559, the change solves a current problem: Ethereum users can only estimate how much Ether will be needed for… Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

Treasury Secretary Janet Yellen has been sounding the alarms about bitcoin NEW YORK, NEW YORK – FEBRUARY 24: (EXCLUSIVE COVERAGE) Personal finance commentator and author Suze … [+] Orman surprised the financial world when she proclaimed this week in an interview, “I love bitcoin!” Getty Images and cryptocurrency. At a conference in late February, Yellen called bitcoin “an extremely inefficient way of conducting transactions” and “a highly… Source link