Bitcoin

Photographer: Andrey Rudakov/Bloomberg Bitcoin investors are having a wild ride. The best-known cryptocurrency quadrupled in price in late 2020 -– a surge reminiscent of its heyday three years earlier, when it rocketed to nearly $20,000, then crashed and lost more than two-thirds of its value. Once seen as the province of nerds, libertarians and drug dealers, there’s still little sign… Source link

Regulators are sharpening their focus on bitcoin and its use in the international financial system after the value of the digital currency raced higher in a volatile rally that fed concerns over its lack of robust oversight by financial watchdogs. Both the UK’s Financial Conduct Authority and the president of the European Central Bank highlighted the need for more stringent regulatory scrutiny for cryptocurrencies this week, noting the extreme volatility and criminal… Source link

(Photo by Nicolas Economou/NurPhoto via Getty Images) NurPhoto via Getty Images Since the start of the pandemic, bitcoin has enjoyed a dramatic bull run. With its impressive gains, old talk has resurfaced about how it will become a new global currency and supplant the dollar’s dominance. If one listens to the younger enthusiasts, it will also bring world peace and even the much sought-after goal of economic equality. That last statement might exaggerate… Source link

Bitcoin is making gains, though much of the day saw the cryptocurrency in a holding pattern. Meanwhile, a quarter of ether options are expiring in March, meaning traders are making some bets on the first fiscal quarter of 2021. Bitcoin (BTC) trading around $36,286 as of 21:00 UTC (4 p.m. ET). Gaining 5.5% over the previous 24 hours. Bitcoin’s 24-hour range: $32,463-$36,552 (CoinDesk 20) BTC above the 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market… Source link

Bitcoin golden physical coin illustration on United States Dollar banknotes. Visual representations … [+] of the digital Cryptocurrency Bitcoin with the USD bill. Bitcoin with the symbol BTC, XBT is a popular digital currency that showed growth and is widely spread, accepted from banks, markets and other services and shops as ways of payments. The exchange rate today for 1 bitcoin blockchain is 34.588 US Dollar. On January 7, 2021 Bitcoin’s price crossed 40,000 for… Source link

Hello. Analysts are reporting gloomy short-term projections for bitcoin as the U.S. Labor Department reports muted inflation over 2020. Here’s the story: Top shelf Institutional productsA new, physically backed bitcoin exchange-traded product (ETP) has hit the SIX stock exchange in Switzerland. Developed by ETC Group, this is the 34th bitcoin ETP on SIX. Meanwhile, the Winklevoss-owned Gemini Trust company is backing the latest bitcoin exchange-traded fund (ETF) application filed in Canada…. Source link

getty Last week I sold my bitcoin (BTC) and my ether (ETH) and in an article entitled Bitcoin: Time To Exit I said I thought it could go to $40,000 but I didn’t have the nerve for the next 20%. I said I thought $40,000 was the most likely top but in effect I didn’t care because I had to sell to keep to the law of diversification. Here is the chart: This was my prediction fro bitcoin’s top Credit: ADVFN The file name is even… Source link

A visual representation of the digital Cryptocurrency, Bitcoin. Chesnot/Getty Images The Bitcoin price hovered around $35,000 and technical analysts said this point was a pivotal one on the daily charts. A break above this level could push Bitcoin back towards all-time highs around $41,000, while a marked drop below could trigger a fall towards key support at $30,000, they said. Although the longer-term outlook for both cryptocurrencies remains skewed to the topside,… Source link

The near-term outlook for bitcoin has dimmed, analysts say, with some now seeing a possible extension of Monday’s major price drop. “There could be another dump as outflows from the cryptocurrency exchange Coinbase Pro have dried alongside an increased transfer of coins onto exchanges,” David Lifchitz, chief investment officer for Paris-based quantitative trading firm ExoAlpha, told CoinDesk. Bitcoin fell by over 20% on Monday to $30,305 amid heavy selling in the spot market. Bitcoin… Source link

A strong jolt of volatility in cryptocurrencies has dulled hopes that large pension funds and traditional investors will pile into bitcoin anytime soon as a pick-up in institutional interest remains dominated by speculators. Bitcoin, the most actively-traded cryptocurrency, has endured its worst bout of tumult since the global market ructions in March. At one point on Monday, it traded $10,000 below the peak of almost $42,000 it reached just days earlier before recovering to… Source link