Bitcoin

Bitcoin rose 7%, reversing the past few days’ losses, as some blockchain data turned bullish and new signs emerged of increasing cryptocurrency acceptancer by Wall Street firms including Goldman Sachs, Citigroup and Fidelity Investments. Bitcoin (BTC) trading around $48,593.99 as of 21:00 UTC (4 p.m. ET). Climbing 8.10% over the previous 24 hours. Bitcoin’s 24-hour range: $44,874.92-$49,520.72 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish… Source link

MicroStrategy’s chief executive Michael Saylor announced his company’s latest bitcoin purchase worth … [+] $15 million. The company’s current treasury holdings of the cryptocurrency exceed $4 billion. STRF/STAR MAX/IPx MicroStrategy MSTR CEO Michael Saylor announced earlier this morning his firm has purchased approximately 328 more bitcoins for $15 million in cash, bringing the total to $4.45 billion. This latest purchase was made at an… Source link

Topline Banking powerhouse Goldman Sachs is setting up a cryptocurrency trading desk after backing away from a previous effort to enter the market after bitcoin crashed in 2018, making it the latest institutional player to plow into cryptocurrencies amid an eye-popping surge in their values. David M. Solomon, the chairman and CEO of Goldman Sachs, participates in a panel discussion during … [+] the annual Milken Institute Global Conference at The Beverly Hilton… Source link

Share Tweet Share Share Share Email Balance sheets ballooning with bitcoin. For a smattering (but growing roster) of firms, adding bitcoin holdings as part of the typical corporate finance strategy of maximizing returns on assets may look like a shrewd move, at least when the price of bitcoin keeps moving up. But the question becomes: What happens on the downside? And what happens next? MicroStrategy has been adding to its bitcoin holdings, where Coindesk reported this week that CEO Michael… Source link

Bitcoin started the month on a positive note, jumping more than 8% to about $49,000 after a price plunge last week that was the biggest since the coronavirus wrecked markets early last year. The gains came amid fresh signs of adoption of digital-asset technologies. Citigroup, one of the biggest U.S. banks, wrote that bitcoin was at a “tipping point” as more institutions adopt the cryptocurrency. Google Finance added a data tab on cryptocurrencies. And Michael Saylor’s MicroStrategy,… Source link

Topline Bitcoin could be at the start of a “massive transformation” into the mainstream and on the path to become “the currency of choice for international trade,” according to leading investment bank Citi, which noted the cryptocurrency’s meteoric rise in value in recent years and a growing interest from institutional investors as potentially setting the stage for widespread success.  Citi analysts predict Bitcoin could be on the verge of going mainstream. … Source link

Share to Facebook Share to Twitter Share to Linkedin Dollars Are Fungible, Bitcoins Are Not. As you’ll be aware from the plethora of stories about Bitcoin using more electricity than most countries, Bitcoin “mining” means throwing massive amounts of computer power at a mathematical puzzle, and the first computer to solve the puzzle finds the new bitcoins. Not everyone gets into Bitcoin mining just for the money though. The operator of a Bitcoin mining pool (a group of miners who work… Source link

TipRanks Billionaire Steven Cohen Picks Up These 3 “Strong Buy” Stocks Last week, the NASDAQ slipped below 13,200, making the net loss from its all-time peak, reached earlier this month, 6.4%. If this trend keeps up, the index will slip into correction territory, a loss of 10% from its peak. So what exactly is going on? At bottom, it’s mixed signals. The COVID-19 pandemic is starting to fade and the economy is starting to reopen – strong positives that should boost markets. But an… Source link

On Saturday, February 27, 2021, news.Bitcoin.com reported on the great number of 2010 and 2011 block rewards being spent this year. In that report, it was said that the mysterious whale entity we’ve been hunting “did not move a major string of bitcoin’s” since January 25. Following the publishing of that study, on Sunday, the old-school whale miner moved another 20 block rewards from 2010, as… Source link

It’s been quite a few weeks, news-wise, for Bitcoin, specifically, and the world of crypto-currency in general. For instance, the price of bitcoin recently roller-coastered. It was high as around $58,000 last weekend, plunged to $46,000 or so. And the last time I checked, was creeping back up again towards 50k. Hands, as a result, my friends, started to wring. New York University economist Nouriel Roubini told Yahoo! Finance that investors will eventually “get crushed.” U.S. Treasury… Source link