Bitcoin

Whether you’re a diehard bitcoin fan or you can’t stop screaming mania, it’s hard to ignore just how monumental bitcoin’s surge has been. Bitcoin gained over 300% last year and is already up over 10% this year.  Here are five hard-to-believe facts about bitcoin and cryptocurrency that could be helpful for your… Source link

Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets. The number-one cryptocurrency by market value is trading near $30,800 at press time, representing a 5% drop on the day, according to CoinDesk 20 data. European stocks and futures tied to the S&P 500 are flashing moderate losses. The Dollar Index, which tracks the greenback’s value against major fiat… Source link

Cables inside a draw housing graphics processing units (GPU) used to mine the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The world’s second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg Marko Vulicevic, just 19 years old,… Source link

For many investors, the terms crypto and blockchain have become part of everyday life and conversation and are almost interchangeable with Bitcoin (BTC). Since it jumped onto the scene in 2009, Bitcoin has become an overnight sensation despite the inherent volatility. While other types of cryptocurrencies have come and gone, Bitcoin or BTC has grown and grown and is now worth thousands of dollars per coin. Even as other types of stocks and bonds seem to depreciate as the market… Source link

Bitcoin has been in a $30,000-$35,000 range for almost a week at a time when some market participants are seeking out ether and other crypto to trade during the perceived doldrums. Bitcoin (BTC) trading around $32,003 as of 21:00 UTC (4 p.m. ET). Slipping 4% over the previous 24 hours. Bitcoin’s 24-hour range: $30,875- $32,967 (CoinDesk 20) BTC above the 10-hour but below the 50-hour moving averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp… Source link

Over the last few weeks, the price of bitcoin has hit a record high of more than $41,000, blowing past the 2017 bubble high point of $19,783. The price has since declined relatively rapidly, and questions have arisen about what’s next for this latest bubble. This presents an opportune moment to analyze why these bubbles form and what they mean for the future of bitcoin. Price volatility causes market uncertainty and is often viewed as detrimental. However, for bitcoin, the price volatility… Source link

Bitcoin’s price dropped as much as 10% during early trading hours on Tuesday as bitcoin miners started selling a large amount of the cryptocurrency for the first time since October. There is not enough demand to absorb the additional coins on the market because institutions want an idea of how the new Biden Administration will view bitcoin and other cryptocurrencies. At the press time, bitcoin was trading at $32,254.59, down 3.04% in the past 24 hours, according to CoinDesk’s BPI. The… Source link

Three stories Overstock is looking to exit its blockchain-related investments, CoinDesk’s Tanzeel Akhtar reports. The online shopping giant that went in on crypto-hype will now spin out its blockchain-focused subsidiary, Medici Ventures, into a managed fund. Overstock will remain a limited partner, with the venture firm Pelion Venture Partners taking lead over the $45 million fund, if approved. Overstock will also retain a direct minority equity interest in the blockchain technology firm… Source link

Published on January 26, 2021 The City of Miami is dedicated to becoming a model 21st century city. We think that means embracing and supporting disruptive technologies that challenge the status quo and improve how we interact with one another. Bitcoin, the decentralized financial network that allows individuals worldwide to store and send value to one another without intermediary agents like banks or payment processors, is a technology we believe will transform the world.  Bitcoin… Source link

Bitcoin mining in the Arctic. Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg Institutional investors diving into Bitcoin — namely hedge funds — are eager to promote its unpredictable… Source link