Bitcoin

Bitcoin’s current bull run, pushing the bitcoin price up by more than 350% over the last year, has seen a host of big names flocking to cryptocurrencies. The bitcoin price soared to almost $50,000 per bitcoin this week after Elon Musk’s Tesla TSLA announced it had bought $1.5 billion worth of bitcoin—pushed still higher by surprise support from the oldest U.S. bank. Now, hedge fund manager Anthony Scaramucci, whose infamous 2017 tenure as Donald Trump’s communications… Source link

IMAGE: getty Elon Musk’s proverbial ability to kick the hornet’s nest at the right moments is once again evident in the wake of the recent news that Tesla has bought $1.5 billion in bitcoin: since then, the value of bitcoin has appreciated to almost $50,000, Mastercard has announced that it will enable the use of cryptocurrencies on its network (this would seem for the moment to be a statement of intent, saying it will do so when cryptocurrencies are… Source link

Editor’s Note: Happy Chinese Lunar New Year! First Mover will not publish on Monday, February 15, which is Presidents’ Day in the U.S. Cryptocurrency markets will be open, as they always are. Price Point Bitcoin (BTC) was lower, after pushing early Friday to an all-time high price of $48,925, based on CoinDesk pricing.  Market activity was quiet due to the Lunar New Year celebrations across Asia and the upcoming Presidents’ Day holiday in the U.S. on Monday, according to Craig Erlam,… Source link

Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA , has single-handedly added thousands of dollars to the price of bitcoin in recent weeks—with other groundbreaking developments sending it still higher. The bitcoin price, which soared toward $50,000 per bitcoin this week after Tesla made the shock announcement it had bought $1.5 billion worth of bitcoin, is up around 350% over the last 12 months. Now, data has revealed Musk, who has been warned by… Source link

Bitcoin was trading between $47,000 and $48,000 for much of Thursday, breaking the $48,000 level multiple times throughout Thursday. Traders and analysts told CoinDesk they remain bullish on the overall market, as institutional investors’ interest in bitcoin is growing “at a staggering pace.” Bitcoin (BTC) trading around $47,174.04 as of 21:00 UTC (4 p.m. ET). Gaining 5.48% over the previous 24 hours. Bitcoin’s 24-hour range: $44,057.64-$48,635.84 (CoinDesk 20) BTC above its 10-hour and… Source link

The bitcoin price hit a record high on Thursday after two major US financial institutions announced new cryptocurrency projects, edging digital assets closer to mainstream use in ordinary purchases and as an investment. Mastercard said on Wednesday that later this year it would begin moving cryptocurrencies directly across its card payments network. Previously, the company had only worked with crypto wallets and exchanges to move funds after they had been converted from… Source link

Bitcoin set another all-time high above $48,000 today. (Photo illustration by Chesnot/Getty Images) Getty Images Bitcoin has been flying high today, surpassing $48,000 this morning and soaring to its latest record price. The digital currency reached as much as $48,316.82 at roughly 11 a.m. EST, according to CoinDesk data. At this point, the cryptocurrency was up approximately 67% in 2021, additional CoinDesk figures reveal. The digital asset proceeded… Source link

The company announced late Wednesday that it will support “select cryptocurrencies” directly on its network at some point later this year. “Our philosophy on cryptocurrencies is straightforward: It’s about choice,” Raj Dhamodharan, an executive vice president at Mastercard, wrote in a post late Wednesday. “Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value — traditional or crypto —… Source link

Bitcoin’s options market is assigning a low probability of prices rising above $100,000 this year despite widespread expectations for a meteoric rally in the wake of Tesla’s recent purchase of the top cryptocurrency.  At press time, the options market is pricing 12% odds of the cryptocurrency trading in seven figures before the end of December, according to data source Skew. The probability of a break above $70,000 is around 21%.  “With the extreme volatility of the past two months,… Source link

Photo illustration by Chesnot/Getty Images The price of bitcoin rose by as much as 3% on Thursday after Elon Musk posted a vague tweet with a reference to dogecoin and an image of a crypto-themed ring. The digital asset rose by $2,000 to trade around $46,102.22 by 10:55 a.m. GMT, after it was stuck around $43,800 the previous day. In his tweet, Musk said: “Frodo was the underdoge, All thought he would fail, Himself most of all,” seemingly in a reference to the Lord of the Rings… Source link