Bitcoin

Share Tweet Share Share Share Email Goldman Sachs Global Head of Commodities Research Jeff Currie told CNBC the bitcoin market is maturing. “I think in any nascent market you get that volatility and those risks that are associated with it,” he said, according to CNBC, following a sharp… Source link

After a record day in spot volume, bitcoin’s price went up, down and back up. Meanwhile, most ether options traders are bearish, some are paying up in case it gets close to record highs. Bitcoin (BTC) trading around $34,278 as of 21:00 UTC (4 p.m. ET). Gaining 3% over the previous 24 hours. Bitcoin’s 24-hour range: $32,528-$36,605 (CoinDesk 20) BTC below the 10-hour and 50-hour moving averages on the hourly chart, a bearish signal for market technicians. Bitcoin trading on Bitstamp since… Source link

Reuters / Dado Ruvic Bitcoin’s decentralized nature has been one of its biggest selling points, but imperfect storage methods have made millions of the tokens inaccessible. About 20% of the 18.5 million bitcoin in existence – worth about $140 billion – is estimated to be lost or stuck in locked-off digital wallets, The New York Times reported on Tuesday. For now, those coins are effectively trapped behind incredibly complex encryption and forgotten passwords. Solutions can… Source link

07 January 2021, North Rhine-Westphalia, Cologne: ILLUSTRATION – Bitcoin’s seen a lot of volatility, … [+] how might we assess it’s value? (Photo by Marius Becker/picture alliance via Getty Images) dpa/picture alliance via Getty Images Bitcoin’s has had a notable run in recent months. During the lows of pandemic in the March it traded below $5,000. Then in the fall and into 2021 it surged. It hit $20,000 in December, around the peak of the last run in… Source link

PARIS, FRANCE – JANUARY 08: In this photo illustration, a visual representation of the digital … [+] Cryptocurrency, Bitcoin is on display in front of the Bitcoin course’s graph on January 08, 2021 in Paris, France. The value of Bitcoin (BTC) has exceeded the threshold of 41,000 dollars for the first time in history. The cryptocurrency continues its historic soar and just took $ 10,000 in five days on the optimism of the markets over the certification of Joe Biden’s… Source link

Bitcoin’s parabolic gains are attracting more regulatory scrutiny to cryptocurrencies — which the co-founder of a mining company says is positive for digital coins. Peter Wall, whose Argo Blockchain Plc is up 1,400% in the past year, said he sees Bitcoin “moving in one direction” as interest in the sector increases and institutional investors come on board. That’s naturally going to come with more regulatory attention, he said. “Like any sector, there will be a dance with… Source link

The Bitcoin price has risen more than 340% this year, causing some analysts to label it a ‘bubble’ Dado Ruvic/Reuters The Bitcoin price recovered on Tuesday to around $36,000 after sliding to just over $30,000 on Monday, as cryptocurrency volatility continued. Superstar investor Mark Cuban said in a tweet the more than 340% rise in price in the last year is ‘EXACTLY like the internet stock bubble’ of the 1990s. Yet Cuban said Bitcoin and Ethereum could ride out the bubble… Source link

Bitcoin’s plunge to as low as $30,305 was intensified from leveraged long derivative liquidations; options traders are totally bearish on ether, the native asset of Ethereum. Bitcoin (BTC) trading around $33,277 as of 21:00 UTC (4 p.m. ET). Slipping 10.9% over the previous 24 hours. Bitcoin’s 24-hour range: $30,305-$38,947 (CoinDesk 20) BTC above the 10-hour but well below the 50-hour moving averages on the hourly chart, a sideways-to-bearish signal for market technicians. Bitcoin trading on… Source link

Bitcoin prices suffered a pullback lately, falling from their all-time high of nearly $42,000. … [+] (Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin prices have suffered some notable losses over the last few days, falling more than 25% between Friday and this morning as traders sold the digital asset. The cryptocurrency dropped to as little as $30,305.30 at roughly 11:30 a.m. EST, according to CoinDesk data. At… Source link

Bitcoin prices entered bear-market territory over the weekend, typically defined as a decline from a recent peak of at least 20%. Stop us if you’ve heard this story before. The notoriously volatile asset, which has a record of massive downside slumps following a stratospheric run-up, touched a low of nearly 28% beneath its record high of $41,962.36 on Monday, based on CoinDesk. Bitcoin BTCUSD, -16.69% technically entered a bear market on… Source link