Bitcoin

Bitcoin fizzled in Monday trading as the famously volatile cryptocurrency pulled back after a spectacular new-year rally. Prices fell as much as 17% in the biggest drop since March before recovering. The losses are small in the context of Bitcoin’s broader rally, with a 50% jump in December alone. After a parabolic 2020, the digital currency had started the new year with a bang, surging as high as $34,000 and hitting all-time highs on Sunday. Bitcoin was down 7% to $31,227 as of 12:59 p.m…. Source link

Viewed as safe havens and hedges against inflation, investors kept snapping up Bitcoin and other cryptocurrencies. Bitcoin traded at $33,365 in Asia on Monday, after soaring to a record high of $34,800 on Sunday as investors continue to bet the digital currency is on its way to becoming a mainstream asset. The latest milestone for the world’s most popular cryptocurrency came less than three weeks after it crossed $20,000 for the first time, on December 16, and Bitcoin has now surged some… Source link

There are many investors feeling validated in the cryptocurrency market now that Bitcoin’s price has established a new all-time high of $34,778.  The last time Bitcoin (BTC) traded anywhere near this level was during the bull run of 2017, when it reached a peak of about $19,783. Even the mainstream media took notice, including the New York Times, which observed that the current rally had “a very different feel to it than the last time around.” Many in the cryptocurrency community would… Source link

The first Crypto Long & Short of 2021 has a different format: Instead of the usual article, I’ve asked some leading industry analysts – from Kaiko, IntoTheBlock, skew.com and Arcane Crypto – to share their favorite charts with you. The depth and quality of metrics available to market observers has grown by leaps and bounds this year, and the work of these analysts and others goes a long way toward helping investors to not only understand the crypto ecosystem better, but also to… Source link

Cindy Ord/Getty Images Bitcoin’s near 300% surge in 2020 could be followed up by an even stronger performance in 2021, according to Fundstrat’s Tom Lee. In an interview with CNBC on Wednesday, Lee said bitcoin could quadruple in 2021 as the crypto asset experiences a similar parabolic setup that occurred in 2017. “2021 is going to be a lot like 2017 which means bitcoin should do even better in 2021 than it did in 2020, so something above 300%,” Lee told CNBC. Visit Business… Source link

Warren Buffett (Photo by Daniel Zuchnik/WireImage) WireImage Bitcoin soared to $34,000 yesterday—but here’s why Warren Buffett will never own Bitcoin. Here’s what you need to know. Bitcoin The price of Bitcoin, which is the world’s largest cryptocurrency, has increased approximately 23% in the past five days. That’s good news for Bitcoin investors and speculators. For Warren Buffett, however, it’s completely irrelevant. Why? Buffett has… Source link

12 years ago, Bitcoin’s inventor Satoshi Nakamoto launched the network after revealing the cryptocurrency concept via the white paper a few months prior. At approximately 18:15:05 UTC, the network launched its first block and since then, over 664,000 bitcoin blocks have been mined. Moreover, on the 12th anniversary of the network coming to life, a large string of 2010 block rewards started moving after more than ten… Source link

Bitcoin has surged above $30,000 for the first time, extending a record-breaking rally that saw the cryptocurrency increase by more than 300 per cent last year. With trading in mainstream financial markets yet to get going in 2021, bitcoin has resumed its dizzying ascent, rising 18 per cent in the first few days of January to top $34,000 by Sunday morning.  The rally has fed concerns that bitcoin is set to repeat the events of three years ago, when a bull market dramatically… Source link

Bitcoin, fresh from one of the wildest years in its short history, has suddenly surged higher again, breaking through the psychological $30,000 per bitcoin level and taking bitcoin’s total value past $600 billion. The bitcoin price is up almost 10% in the first two days of 2021 alone, putting it in poll position to become one of the year’s best performing assets and helping it eclipse the market capitalization of payments giant Visa. Now, as the bitcoin and cryptocurrency community cheers… Source link

Is Bitcoin a bubble? A history of its biggest bubbles, and how they deflated,… Source link