Bitcoin

Bitcoin saw a significant drop early on Monday, soon after it had looked primed for a convincing move above $50,000.  The top cryptocurrency slipped from nearly $49,000 to $45,926 during the early Asian hours and was last seen changing hands near $47,790 – down 1.8% on the day, according to CoinDesk 20 data.  The decline surprised many investors, as a notable all-time high milestone had looked on the cards amid optimism generated by the recent wave of institutional adoption.  So what… Source link

  Buying pressure appears to be mounting in Bitcoin markets, according to the so-called “Coinbase Premium,” which measure the difference in BTC’s Therefore, while Bitcoin has waffled over $49,000 over the last few days, definitive movement over $50,000 could be imminent. At press time, the price of Bitcoin on Coinbase was $47,288.80; this was roughly $50 more than its price on Binance, where the price was $47,228.40. Coinbase’s price data plays a particularly important role in the… Source link

Altcoins plunged steeply on Feb. 14 after the price of Bitcoin (BTC) achieved a new all-time high above $49,000. The timing of the altcoin market’s drop was noteworthy because it corrected as BTC was rallying, which typically does not happen. So why exactly did altcoins crash? There are two main reasons why the altcoin market pulled back despite the strength of the dominant cryptocurrency. First, when the price of Bitcoin rallied to a new record-high, it sucked out most of the volume in the… Source link

Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmiller. Bitcoin reached a new record on Sunday rising above $49,000 for the first time. The world’s largest cryptocurrency reached about $49,344 earlier in the day, and was around $49,202 as of 10:20am in London. It is now up about 70% so far this year. Rival cryptocurrency Ether hit a record on Saturday and is up about 150% year-to-date. Bitcoin has been buoyed in recent months by… Source link

For the past 10.5 months, Wall Street has been enjoying an incredible rally. For instance, the benchmark S&P 500, which tumbled 34% in less than five weeks during the first quarter of 2020, ended the year higher by more than 16%. That’s nearly double its average annual return over the past 40 years. The tech-heavy Nasdaq Composite performed even better. But neither index has been able to hold a candle to the returns offered by the largest… Source link

They say that crime doesn’t pay. They obviously hadn’t met the Joker… Dark web cybercrime boss retires after making a billion in bitcoin getty The most popular stolen payment card marketplace on the dark web is no more. The criminal behind the Joker’s Stash site, which trades in stolen credit and debit card data, has announced that all servers and backups will be wiped, and the site will never open again. That criminal, who unsurprisingly goes by the… Source link

Dogecoin, the meme-based cryptocurrency that has been called a “joke” by its creator, has exploded in popularity over recent weeks. The dogecoin price has climbed thanks to attention from billionaires, rockstars, and  YouTubers—with Tesla TSLA chief executive Elon Musk, who was once voted “dogecoin CEO” and named it his “fav” cryptocurrency, this week tweeting: “Dogecoin is underestimated.” Now, with the dogecoin price up a blistering 600% since late January, developers who… Source link

The price of Bitcoin (BTC) achieved a new record above $49,000 on Valentine’s Day on Feb. 14, rising to as high as $49,344 on Coinbase. There are three main reasons Bitcoin surged to a new all-time high, namel high stablecoin inflows, clean break of the $38,000 resistance area, and a prolonged consolidation phase. BTC/USD 4-hour price chart (Coinbase). Source: TradingView.com High stablecoin inflows were key Throughout the past several days, despite Bitcoin’s consolidation below $38,000,… Source link

Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows that 24 entities have amassed more than 460,500 BTC, which is equivalent to $22 billion at Bitcoin’s current price. According to Michael Novogratz, this figure excludes the 3 million BTC forever lost, who estimates that a supply shortage could occur shortly if institutions keep up their current… Source link

TipRanks Goldman Sachs: These 2 “Strong Buy” Stocks Could Surge at Least 30% We’re well into the first quarter of 2021 now, and it’s a good time to take stock of what’s behind us, and how it will impact what lies ahead. Goldman Sachs strategist Jan Hatzius believes that we are on an upward trajectory, with better times ahead. Hatzius sees the developed economies expanding as the corona crisis recedes. For the US, particularly, he is impressed by the ‘very substantial fiscal… Source link