Bitcoin

Bitcoin has suddenly surged after Tesla TSLA , the electric car-maker led by billionaire Elon Musk, revealed it has bought bitcoin. The bitcoin price rocketed to an all-time high of $43,730 per bitcoin on the Luxembourg-based Bitstamp exchange before falling back slightly. Tesla announced that it bought $1.5 billion worth of bitcoin in January, according to a filing with the Securities and Exchange Commission, adding it would soon start accepting payments in bitcoin. … Source link

Bitcoin surged to an all-time high after Tesla Inc. said it’s invested $1.5 billion, the biggest endorsement of the controversial cryptocurrency by a mainstream company. The digital asset jumped as much as 16% after Tesla made the disclosure in a regulatory filing, with prices exceeding $44,000 for the first time. Tesla also said it would begin accepting the digital token as a form of payment for its electric cars. Other coins surged as well. Ether gained as much as 11% to a record and… Source link

Coinbase Ventures launched in 2018 on the heels of an unprecedented boom-bust cycle for bitcoin, which saw the currency’s price peak at nearly $20,000 before losing half its value in a little more than a month. As a cryptocurrency trading platform, that short-lived frenzy was good for Coinbase’s business. But the decision to launch a crypto-focused VC firm had less to do with the price of bitcoin than what the market fervor meant for entrepreneurs. “We recognized in early 2018 that there were… Source link

Share Tweet Share Share Share Email Protego Trust Bank N.A. was granted conditional approval for a national bank charter from the Office of the Comptroller of the Currency, the company announced on Friday (Feb. 5). The charter will allow for Protego clients to hold, trade, issue and lend digital assets. The Washington state-based bank said in the press release that its services include providing custody of digital and other assets and issuing new digital assets. It will also provide a trading… Source link

With the wild journey that is bitcoin price swings so far this year, you might have missed the accelerating rhythm of companies announcing services to support bitcoin for payments. We’re not talking about small idealistic startups, either. A week ago, on Visa’s Q1 earnings call, CEO Al Kelly said the company may add cryptocurrencies to its payments network. He acknowledged that bitcoin is “not used as a form of payment in a significant way at this point,” but went on to discuss a… Source link

Crypto currency / Blockchain concept with coin on the motherboard. getty BITCOIN BREAKS OUT AND DOGE RECOVERS  Bitcoin has continued to build on the momentum generated by Tesla CEO Elon Musk, who last week tacitly endorsed the cryptocurrency by adding the leading cryptocurrency to his Twitter profile. Currently priced above $38,000, bitcoin is now trading at levels not seen since the middle of January. Part of this continued surge is likely due to Musk offering his… Source link

Doge Coin. Good dog. getty You probably never thought of Doge coin, or cared to invest in Doge coin until you read Elon Musk’s Tweet about it in the good ole days of the GameStop short squeeze. Buyers pushed up Doge coin’s value by 359% in four weeks, most of it happening after Musk tweeted about it some two weeks ago. That’s better than Game Stop GME GME , which rose by around 28%. And it is better than Bitcoin, which was cooling… Source link

Bitcoin has suddenly surged higher this week, again climbing over the closely-watched $40,000 per bitcoin level—with “joke” cryptocurrency dogecoin also finding unexpected support from surprising sources. The bitcoin price, now up almost 250% since October, has confounded many who had warned it was poised for an immediate and steep correction. Now, Scott Minerd, chief investment officer of the multi-billion dollar investment giant Guggenheim Partners, has predicted bitcoin could climb… Source link

The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market. The combination of a less crowded Bitcoin futures market, the selling pressure from whales peaking, and a fast recovery could help BTC stabilize above $40,000 this time. Bitcoin recovers quickly after whales finish selling On Jan. 29, a pseudonymous Bitcoin researcher and analyst known as “Material Scientist”… Source link

The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending Bitcoin breakout to a new all-time high. In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for Bitcoin. The longer BTC took to break out of $40,000, the higher the probability of a potential correction was… Source link