Bitcoin

Bitcoin has suddenly rocketed higher, climbing almost 5% over the last 24 hours to highs of $53,750 on the Luxembourg-based Bitstamp exchange. The latest bitcoin price rise, coming just days after the cryptocurrency broke through the closely-watched $50,000 level, means the combined value of the 18.6 million bitcoin tokens in circulation are now worth over $1 trillion—double the $500 billion it started 2021. MORE FROM FORBESExclusive: YouTube Stars Jake Paul And Ben Phillips ‘Discussed’… Source link

The bitcoin price has soared in 2021 NurPhoto/Getty Images The bitcoin price scaled new heights above $53,000 on Friday morning, taking its year-to-date gains to 81% as the breakneck rally powered ahead. The increase took bitcoin’s market capitalization to within touching distance of $1 trillion, at more than $980 billion. The world’s biggest cryptocurrency has added more than $400 billion of value just in 2021. Bitcoin (BTC) traded at $53,038 as of 10.10 a.m. ET, having risen… Source link

Francesco Carta fotografo/ Getty Images Bitcoin’s current price above $51,000 is “unsustainable” unless volatility subsides, JPMorgan said in a note.  Strategists estimate a large portion of recent flows into the token have been driven by speculation.  If the token’s volatility converges to that of gold, bitcoin could reach $146,000, they added. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin’s current price is “unsustainable” unless the… Source link

Share Tweet Share Share Share Email We’ve seen it all before, right? Bitcoin at $20,000 seems so … 2020. We’re at $50,000 now and counting, and 2021 is barely a month and a half old. And next month, it may drop. The month after that, it may swing up again. It’s such a rapidly changing issue that even Nobel-prize winning economist Paul Krugman once called cryptocurrency economically irrelevant. Bottom line, cryptocurrency has defied accurate predictions. But there are market dynamics… Source link

Price Point Bitcoin (BTC) was lower after surging on Wednesday to a new all-time high price above $52,000, while ether (ETH) topped $1,900 for the first time, pushing toward the psychologically crucial $2,000 mark.  “My sense is the technology has evolved and the regulations have evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up,” Rick Rieder, head of global allocation for the $8.7 trillion money manager… Source link

Bitcoin has taken the world by storm in 2021, soaring to highs few could have predicted. The bitcoin price, up around 70% so far this year, has this week smashed through $50,000 per bitcoin—pushed to a total value of almost $1 trillion by support from Elon Musk’s Tesla TSLA , major bitcoin-buyer MicroStrategy MSTR , and traditional Wall Street giants. However, some smaller cryptocurrencies (including meme-based dogecoin) are seeing even greater gains, with the likes of… Source link

Bitcoin’s incredible rally shows little sign of abating yet after the token jumped past $52,000 for the first time. The largest cryptocurrency rose as much as 7.7% in New York Wednesday to about $52,332 after a fivefold surge in the past year, according to a composite of prices compiled by Bloomberg. It reached $50,000 on Tuesday for the first time.

This isn’t the $50,000 Bitcoin we predicted | Fortune … Source link

Bitcoin’s market cap approached $1 trillion after the latest price rise Chesnot/Getty Images The bitcoin price hit a new high above $51,700 after braking the $50,000 mark on Tuesday. Yet JPMorgan said the rally looks unsustainable unless bitcoin’s volatility falls. BTC’s market capitalization has skyrocketed to close to $1 trillion. Visit the Business section of Insider for more stories. The bitcoin price hit a record high of above $51,700 on Wednesday, after soaring… Source link

Share Tweet Share Share Share Email James Bullard, president of the Federal Reserve Bank of St. Louis, said he doesn’t see bitcoin and other digital currencies as a threat to the dollar, CNBC reported on Tuesday (Feb. 16). Bullard told the news organization he believes the escalating bitcoin attraction is not a problem as far as the U.S. dollar’s position as the world’s reserve currency. “I just think for Fed policy, it’s going to be a dollar global economy as far as the eye can… Source link