Bitcoin

NETHERLANDS – 2020/12/22: In this photo illustration, the Bitcoin golden cryptocurrency … [+] commemorative coin seen displayed in front of uptrend graph lines. (Photo Illustration by Nik Oiko/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The only thing more contentious than politics today is Bitcoin. Ask the Twitterverse whether Bitcoin is a good investment and you’ll get too very different answers. First, the… Source link

Shares of cryptocurrency miner Marathon Patent Group Inc. shot up around 20% on Wednesday, helping to make the company the most recent member of the $1 billion digital-mining group, as bitcoin hit a fresh record near $36,000. According to FactSet data, the market value of Marathon Patent MARA, +25.57% was at $1.030 billion, after its shares gained a fifth in value contributing to a $165 million gain in market capitalization from yesterday’s rise. … Source link

Bitcoin prices have remained at lofty levels after reaching a record high earlier this month. (Photo … [+] Illustration by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin prices have been trading north of $33,000 since this afternoon, fluctuating close to the record level of more than $34,000 they reached earlier this month. The world’s most prominent digital currency rose to as much as $34,435.42 at roughly 5:45 p.m. EST,… Source link

Bitcoin has surged to over $34,000 per bitcoin in the last week, topping off a year that saw the cryptocurrency climb more than 300%. The bitcoin price, after suffering through a three-year bear market, began to rally in October—breaking into fresh territory last month as a wave of big-name investors named bitcoin as a potential hedge against inflation. Now, Morgan Stanley MS analysts have warned the huge government and Federal Reserve spending through the coronavirus pandemic… Source link

Bitcoin continues to trade close to its all-time high reached this month. Its price is now around US $34,000 — up about 77% over the past month and 305% over the past year. First launched in 2009 as a digital currency, Bitcoin was for a while used as digital money on the fringes of the economy. It has since become mainstream. Today, it’s used almost exclusively as a kind of “digital gold”. That is to say, a scarce digital asset. In response to the risk of economic collapse… Source link

Bitcoin has had a strong run, but what’s its value? (Photo by Jaap Arriens/NurPhoto via Getty … [+] Images) NurPhoto via Getty Images Bitcoin has seen a great run, both in recent months and over broader history. Yes, it roughly tripled in 2020, but let’s not forget it’s also up around 30-times over the past 5 years. Focus on medium-term price swings, which are undoubtedly extreme, should not obscure that Bitcoin has been one of the great assets to own… Source link

getty Just now I sold all my bitcoin (BTC) and ether (ETH), bar some bits and bobs to play in the DeFi pool while I collect my wits. It has been a wild ride. The weekend was crazy, in a good way, and as someone who collected most of their crypto sub-$10,000 both highly profitable and extremely stressful. Don’t believe for one minute I’m a cool cucumber that can see huge sums flicker past without the merest flutter of an eyebrow. I would not a great poker player… Source link

Bitcoin has the potential to reach $146,000 in the long term as it competes with gold as an asset class, according to JPMorgan Chase & Co. Bitcoin’s market capitalization of around $575 billion would have to rise by 4.6 times — for a theoretical price of $146,000 — to match the total private sector investment in gold via exchange-traded funds or bars… Source link

Drew Angerer/Getty Images Bitcoin could stage a monster rally in 2021 and reach $100,000, but pricing at that level “would prove unsustainable,” JPMorgan said in a note on Monday. “We believe that the valuation and position backdrop has become a lot more challenging for bitcoin at the beginning of the New Year,” JPMorgan said. At its market cap of $575 billion, bitcoin would have to surge to $146,000 to match the total private-sector investment in gold via exchange-traded funds or… Source link

Bitcoin prices recovered today, climbing back after their latest retracement. (Photo by Jordan … [+] Mansfield/Getty Images) Getty Images Bitcoin prices bounced back today, rallying after markets participants responded to the latest pullback. The world’s largest digital currency by market capitalization reached as much as $32,201.74, CoinDesk figures show. At this point, it had climbed roughly 14.4% from the recent low of $28,154.11 it hit close to… Source link