Bitcoin

Few people have captured the imagination of the cryptocurrency market quite like MicroStrategy CEO Michael Saylor, a guest on Wednesday morning’s First Mover on CoinDesk TV. His company’s purchases of bitcoin, first announced in August, validated a key narrative driving the current bull market: the “institutions” were joining the fray (companies fitting crypto’s definition of an institution can be far more modest in size, and commercial rather than financial in mission, than Wall… Source link

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Bitcoin rallied today, exceeding $52,000. getty Bitcoin prices have rallied lately, surpassing $52,000 after struggling near the $50,000 price level. The digital currency rose to $52,636.22 earlier today, CoinDesk data shows. At this point, it was up nearly 12% after falling to as little as $47,118.40 yesterday, additional CoinDesk figures reveal. Since then, the cryptocurrency has pulled back slightly, trading mostly between $50,500 and $51,500. … Source link

Elon Musk, the chief executive of Tesla, recently announced his company had bought US$1.5 billion (almost A$2 billion) of Bitcoin. The announcement led to a flurry of enthusiasm and a quick surge in price for the controversial cryptocurrency. This price bump has been good news for Musk in the short term. At one point, Tesla’s Bitcoin investment had gained more than US$1 billion in value. But can the enthusiasm be sustained? I think there is a good chance that over the next year the… Source link

Bitcoin rallied back above $50,000, surpassing the key psychological level as bullish momentum returned after last week’s selloff. The digital token climbed 8% to trade around $51,500 in early U.S. trading, reaching the highest level in a week. The cryptocurrency has been volatile. Prices plunged 21% last week and have recovered with the broad bounce back in equities. The swings in… Source link

Crypto has a low correlation with stocks. What does that mean? Mining rig in Norilsk (photo by Andrey Rudakov) © 2021 Bloomberg Finance LP Stocks, bonds, real estate, commodities. Bitcoin. Bitcoin? Is cryptocurrency an asset class deserving of a place in every endowment and retirement portfolio? There is now being built on Wall Street a modern portfolio theory of bitcoins: elaborate demonstrations that a dose of virtual currency will enhance the return… Source link

Nikki Beesetti paid for a semester’s tuition with a single Bitcoin she bought in 2017. Rafa Ayoub/Nikki Beesetti hide caption toggle caption Rafa Ayoub/Nikki Beesetti If you think America’s politics are… Source link

Photo: SOPA Images/LightRocket via Getty Images A report from Citi says bitcoin is at a tipping point and could soon become the preferred choice for international trade. At the same time, another major international bank, Goldman Sachs, has decided to restart its cryptocurrency exchange desk, and many others in Wall Street, such as JPMorgan, say they are getting closer to adopt it and start offering it to clients and employees. The moves follow a season… Source link

Bitcoin has exploded over recent months, soaring to almost $60,000 as investors have rushed to buy cryptocurrencies. The bitcoin price, which wobbled last week after Tesla TSLA chief executive Elon Musk warned it “seemed high,” has bounced back thanks to fresh institutional support. Now, despite bitcoin racking up gains of almost 500% over the last 12 months, British asset manager Ruffer has predicted bitcoin adoption by traditional financial institutions is just… Source link

Bitcoin prices bounced back today after falling to nearly $43,000. getty Bitcoin prices have experienced a notable recovery lately, climbing after falling to nearly $43,000 yesterday afternoon. The world’s largest digital currency by market value rose to as much as $49,520.72 earlier today, CoinDesk data shows. At that point, it was up roughly 15% from the multi-week low of $43,119.16 it reached the day before, additional CoinDesk figures reveal. … Source link