Bitcoin has continued to climb over the last week, adding to a more-than-50% gain through December. The bitcoin price has brushed $30,000 per bitcoin during the last 24 hours, hitting $29,300 per bitcoin on the Luxembourg-based Bitstamp exchange, up four-fold from the beginning of 2020 and on track for its biggest monthly gain since May 2019. Now, after the U.S. Treasury department proposed new “onerous” new bitcoin and crypto regulations, the chief executive of one of the world’s biggest… Source link
Read More »Bitcoin Continues to Set Records. Why Prices Can Keep Going Higher.
Text size Dreamstime Bitcoin’s price hit a record Wednesday. A strategist at Fundstrat sees even more upside from current levels in the next six to… Source link
Read More »As bitcoin surges, Riot Blockchain’s stock has risen nearly 1,500% in 2020
Few assets in 2020 have outpaced the gains of bitcoin but the shares of one company have been deftly riding the coattails of the epic resurgence in the No. 1 digital currency, and the rally in ethereum. Riot Blockchain Inc. RIOT, +9.31%, once a biotechnology company back in 2017 and now a digital currency miner, has gained nearly 1,500% thus far on the year. Meaning that $1,000 invested in the company at its Dec. 31, 2019 closing price at $1.12 would… Source link
Read More »Bitcoin Prices in 2020: Here’s What Happened
For many reasons 2020 will loom large in future textbooks on financial history. This year saw the biggest drop-off in economic output since the Great Depression, the biggest spate of money printing in the Federal Reserve’s 107-year history spurred by a coronavirus pandemic, an epochal shift toward remote working and negative prices for crude oil futures. Perhaps as important in the pantheon of monetary milestones, 2020 saw the first real signs banks, money managers, insurance firms and… Source link
Read More »Bitcoin and Other Cryptocurrencies: Buy or Sell Now, and How?
Bitcoin is an attention grabber. It has gained 271%, more or less, so far for 2020. That’s a whopper of a number. And no wonder that it’s getting the attention of everyone from newly minted super-speculative traders to old market veteran guys like me. Source: Bitcoin U.S. dollar Spot — Source: Bloomberg And that price gain includes the minor plunge in February-March of a mere 46.11% which, in perspective, may just be argued as a bad series of trading days for the cyber… Source link
Read More »Bitcoin hits record high as US dollar slides – business live | Business
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. As 2020 draws to a close, Bitcoin is continuing its remarkable rally. The cryptocurrency has surged to a new all-time high today, bursting over $28,500 early this morning. That’s a gain of over 5% today, and means bitcoin has jumped by 46% since the start of the month. For 2020, it’s up almost 300%, among increased interest from institutional investors, and concerns… Source link
Read More »Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish
Few seem to be bothered by bitcoin’s volatility on Tuesday, as the No. 1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional investors will push bitcoin’s price higher after the holiday lull. Bitcoin (BTC) trading around $26,937.67 as of 21:00 UTC (4 p.m. ET). Gaining 0.37% over the previous 24 hours. Bitcoin’s 24-hour range: $25,875.05-$27,117.95… Source link
Read More »Russell Okung, Panthers lineman, is first NFL player paid in bitcoin
In May 2019, NFL offensive lineman Russell Okung wrote on Twitter that he wanted his salary to be paid in bitcoin, a type of digital currency. On Tuesday, he indicated that his wish had been granted. “Paid in Bitcoin,” he wrote on Twitter. Okung is receiving half of his $13 million base salary for the 2020 season in bitcoin, according to a news release from Strike, a company that helps users convert traditional money to the cryptocurrency. The company claims that Okung, who is now with the… Source link
Read More »How Bitcoin Could Have Made Your First Worth Almost $5,000
President Donald Trump has finally signed off on the long-awaited $900 billion coronavirus relief bill, meaning many Americans will soon receive a second stimulus check for $600—though it could be significantly higher. Back in the spring, as part of the first round of coronavirus stimulus measures, people received checks for around $1,200. That money, if used to buy the highly-volatile cryptocurrency bitcoin, could now be worth almost $5,000 after the price of bitcoin jumped from under… Source link
Read More »Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC Pair Goes Bullish
Bitcoin has mostly traded in a tight, low-volume range Monday while some profit-taking from bitcoin into ether is appearing on the ETH/BTC charts. Bitcoin (BTC) trading around $26,822 as of 21:00 UTC (4 p.m. ET). Gaining 2.3% over the previous 24 hours. Bitcoin’s 24-hour range: $25,759- $27,447 (CoinDesk 20) BTC very near its 10-hour and 50-hour moving averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Dec. 25.Source: TradingView
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