Bitcoin

Trading action in the bitcoin market slowed Tuesday while ether’s price broke new ground. Bitcoin (BTC) trading around $36,483 as of 21:00 UTC (4 p.m. ET). Climbing 0.85% over the previous 24 hours. Bitcoin’s 24-hour range: $36,029-$37,876 (CoinDesk 20) BTC below the 10-hour but above the 50-hour moving averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Jan. 15.Source: TradingView The price of bitcoin stayed in a fairly tight range… Source link

STRF/STAR MAX/IPx I’m out of bitcoin (BTC) and ether (ETH) and I have loaded up on decentralized finance (DeFi), which is now running hot. The time for investment is over for BTC and ETH and for that matter DeFi—these are now trading times. DeFi is rocketing and rather than have two huge positions with limited upside, DeFi offers me a chance to have many small positions with huge upside. Diversification is a law you reject at your financial peril. DeFi is going… Source link

KTSDESIGN/SCIENCE PHOTO LIBRARY/Getty Images CoinShares launched an exchange-traded bitcoin product on January 19 to be listed in Switzerland. Each unit of the product will be physically backed by 0.001 Bitcoin. Bitcoin seems to have entered some form of consolidation following a period of high volatility. Visit Business Insider’s homepage for more stories. CoinShares, one of the earliest digital asset investing firms, said on Tuesday it had launched an exchange-traded Bitcoin… Source link

NEW YORK, Jan. 19, 2021 /PRNewswire/ — Bitcoin Billionaire Update: Bitcoin Billionaire allows users to invest and trade in this cryptocurrency conveniently. A user deposits money into their account which is then converted into the Bitcoins that they use to trade. Bitcoin Billionaire is a famous crypto auto trading platform. These are the easiest steps to follow while using Bitcoin Billionaire to trade : Register, Deposit Money, Start Trading The Bitcoin Billionaire’s concept is… Source link

The Guardian’s UK technology editor, Alex Hern, talks to Rachel Humphreys about the cryptocurrency bitcoin, which allows people to bypass banks and traditional payment methods. It uses a blockchain – a shared public record of transactions – to create and track a new type of digital token, one that can only be made and shared according to the agreed-upon rules of the network. At its heart bitcoin is a big database of who owns what, and what transactions were made between those owners…. Source link

Bitcoin, after roaring through December and into the new year, has suddenly stalled. The bitcoin price topped $42,000 per bitcoin earlier this month, double its 2017 high, but has struggled maintain its momentum, dropping to around $36,000 (even as smaller cryptocurrencies make massive gains). Now, as bitcoin trades sideways, analysts at Wall Street giant JPMorgan JPM have warned there could be an investor exodus unless bitcoin reclaims its $40,000 highs. MORE FROM FORBESBiden… Source link

The Bitcoin price has risen more than 300% in a year, driving people towards options and other products KTSDESIGN/SCIENCE PHOTO LIBRARY/Getty Images A record $3.7 billion worth of Bitcoin options are set to expire on January 29, as speculation ramps up following the recent volatility in the cryptocurrency’s price and growth in interest in its derivatives. On Monday morning, open options contracts were worth around 245,700 Bitcoin – or roughly $9.1 billion – according to… Source link

Want the lowdown on what’s moving Asia’s markets in your inbox every morning? Sign up here. Bitcoin retreated further from the $40,000 level on Monday, a decline that could portend more losses based on the latest analysis from strategists at JPMorgan Chase & Co. The cryptocurrency could be hurt by an exodus of trend-following investors unless it can “break out” above $40,000 soon, a… Source link

Bitcoin has soared in recent months, smashing through its 2017 highs and entering price discovery for the first time in three years. The bitcoin price hit $42,000 per bitcoin earlier this month before falling back, up around 300% since early October. Bitcoin’s price is currently trading around $36,000, giving bitcoin a total value of $680 billion. Now, billionaire investor Mark Cuban, who famously said he’d rather have bananas than bitcoin, has warned crypto traders to watch for a rise… Source link

Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over recent months, more investors are seeking exposure to the… Source link