Bitcoin

Bitcoin’s on-chain metrics are painting a bullish picture after weeks of consolidation. The top cryptocurrency hit a peak price of $41,962 on Jan. 8 and has mostly traded the range of $29,000–$40,000 since then, according to CoinDesk 20 data. However, demand continues to outstrip supply amid the price lull. “In 2021 so far, around 26,000 BTC have been mined. Meanwhile, the Grayscale Investment Trust has acquired over 40,000 BTC in the same period,” Glassnode said in its weekly… Source link

After the pandemic hit, PayPal CEO Dan Schulman (left) seized on digital cash to speed e-commerce transactions. MicroStrategy CEO Michael Saylor filled his company’s treasury with Bitcoin as a bet against devaluation of the dollar. The move made him a billionaire.  Up 300% in 2020, Bitcoin is suddenly getting respect in the C-suite. Here’s how PayPal, Square and the 48 other big companies on Forbes’ third annual Blockchain 50 are outpacing their competition using Bitcoin and the… Source link

Bitcoin is taking a break, staying in a tight trading range with lower than average volume compared to the past month. Meanwhile, alternative cryptocurrencies and decentralized finance are stealing the spotlight. Bitcoin (BTC) trading around $33,782 as of 21:00 UTC (4 p.m. ET). Gaining 2.5% over the previous 24 hours. Bitcoin’s 24-hour range: $32,341-$34,715 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving average just slightly on the hourly chart, a sideways-to-bullish signal for… Source link

ASSOCIATED PRESS Miami’s mayor, Mayor Francis Suarez, has been busy adding a personalized touch in trying to bring tech entrepreneurs to Miami. Striving to combine the financial elements of New York City and the technology character of San Francisco into a South Florida finance and tech oasis, the mayor is bringing a different attitude and policy outlook on innovation. Among one of the many areas this vision affects is bitcoin — something he believes, in an… Source link

Seven compelling factors that are driving Bitcoin higher. Entrepreneur’s New Year’s Guide Let the business resources in our guide inspire you and help you achieve your goals in 2021. February 1, 2021 6 min read This story originally appeared on Market Beat As technical as cryptocurrency and Bitcoin (BTC) markets are there are some fundamentals driving the… Source link

TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link

While some older forms of cryptocurrency have been in existence since the 1980’s, most people learned about cryptocurrency through the lens of the monumental rise of Bitcoin. Founded in 2008 under mysterious circumstances, Bitcoin has taken us on a roller coaster ride of epic proportions and created many “new rich” in the process. Just imagine if you had purchased 10 Bitcoin in October of 2013 when a single coin went for around $164. As of this writing, one Bitcoin is worth $33,863, which… Source link

Bitcoin (BTC) quickly settled back into the past couple weeks’ range between roughly $30,000 and $36,000, after a short-lived price spike Friday when Elon Musk, the electric-vehicle and private-spaceflight entrepreneur who’s also reportedly the world’s richest person, added “#bitcoin” to his Twitter profile. “The longer we stay at the current level, the stronger the base to bounce back up,” Matt Blom, head of sales and trading for the exchange firm EQUOS, wrote early Monday…. Source link

Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA , has said he thinks the soaring cryptocurrency bitcoin is on “the verge” of breaking into traditional finance. Musk, who revealed last month he is open to being paid in bitcoin, made the comments during a wide-ranging interview on the app Clubhouse that also covered manned missions to Mars and Musk’s implantable brain–machine interface Neuralink. MORE FROM FORBESData Reveals Bitcoin Could Be About To… Source link

A new bill listed for introduction in Parliament seeks to bar all private cryptocurrencies in India. It comes nearly a year after the Supreme Court quashed a Reserve Bank of India ban on crypto-related payments. Mint decodes what the bill means for crypto investors. How does fiat money compare to crypto? Traditional currency is maintained in paper or metal form, such as notes and coins, or in electronic form in account entries made by banks. Cryptocurrency is… Source link