Bitcoin

Elon Musk (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) AFP via Getty Images OBSERVATIONS FROM THE FINTECH SNARK TANK With more than 47 million followers on Twitter, Elon Musk’s tweets get a fair amount of attention. That’s an understatement, of course. His tweets move markets. When he changed his Twitter bio in late January to #bitcoin, the price of Bitcoin rose nearly 20% in a matter of hours. Musk has also tweeted about Dogecoin, but claimed… Source link

Bitcoin prices have climbed almost 99% year-to-date as the cryptocurrency benefits from … [+] institutional interest. Getty Bitcoin prices have almost doubled thus far in 2021, pushing higher as the cryptocurrency benefits from growing institutional adoption. The world’s most prominent digital currency, whose total market value recently surpassed $1 trillion, reached as much as $57,492.00 today, CoinDesk data reveals. After climbing to this level,… Source link

Bitcoin vs. Gold Tomohiro Ohsumi/David Gray/Getty Images As bitcoin continues its meteoric rise, breaching new records and crossing the $1 trillion market capitalization mark in just the last week, more investors are assessing the longstanding comparison between the famous cryptocurrency and an equally well-known asset class: gold.  Both assets, experts say, are often seen as ways to diversify a portfolio or as a hedge against fiat currency inflation brought about by what some… Source link

Will Hobbs is chief investment officer at Barclays Wealth & Investments Barclays Wealth & Investments The zeal around bitcoin is “increasingly cultist” according to Will Hobbs, the chief investment officer of Barclays Wealth & Investments. Hobbs also said a rise in interest rates could dent the world’s biggest cryptocurrency. Yet big names like BlackRock are increasingly interested as the bitcoin rally continues. Sign up here for our daily newsletter, 10 Things Before the… Source link

Earlier this week, Bitcoin (CRYPTO:BTC), the largest cryptocurrency in the world by market cap, hit a milestone. It handily topped the psychological $50,000 level. As I write this on Feb. 17, it’s closing in on a market value of $1 trillion (about $25 billion away). Bitcoin has gotten an extra bump in recent weeks from a handful of brand-name companies adding it to their balance sheets or accepting it as a form of payment. Tesla (NASDAQ:TSLA)… Source link

Bitcoin’s market value has surpassed $1 trillion, a milestone that puts the cryptocurrency in a very exclusive club with tech titans like Microsoft, Apple and Google’s parent company, Alphabet.  Bitcoin reached this record high Friday when it traded at roughly $54,000 per coin. It closed the day at more than $55,700 — quadrupling since early November. Larger investors are taking the digital currency more seriously now, which has helped drive up its price.  Source link

Bitcoin broke briefly above a key resistance level at $56,000 on Friday, while ether’s slowly catching up to bitcoin’s gains. Bitcoin (BTC) trading around $55,512.76 as of 22:00 UTC (5 p.m. ET). Gaining 6.60% over the previous 24 hours. Bitcoin’s 24-hour range: $50,821.47-$56,283.55 (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 Bitstamp since Feb. 16.Source: TradingView Bitcoin volumes on… Source link

Text size Dreamstime Bitcoin’s overall market value rose to over $1 trillion on Friday, as a combination of institutional buying and… Source link

Bitcoin prices broke through $55,000 today, setting another record. getty Bitcoin prices climbed to a fresh record today, surpassing $55,000 as the digital currency continued its strong, upward trend. The cryptocurrency, which recently surpassed a market capitalization of $1 trillion, reached $55,707.21 this afternoon, according to CoinDesk data. At this point, bitcoin was up more than 90% in 2021, having opened the year at roughly $28,900, additional… Source link

Bitcoin was carving out fresh history on Friday, and generating a ton of buzz on Wall Street and Main Street alike, as well as on social-media platforms, as the world’s No. 1 cryptocurrency staged a sharp rally that took its market value well above $1 trillion. At last check, a single bitcoin traded near a record at $54,827.69, up 5%, and was pushing the crypto that was written into code back in 2009 to a total market capitalization $1 trillion. … Source link