Bitcoin

A small toy figure and representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration Reuters Bitcoin mining companies Riot Blockchain and Marathon Patent Group soared on Monday morning as investors anticipate bitcoin’s continued rally into 2021.  Both mining companies recently announced purchases of more bitcoin mining equipment. On Monday, Marathon Patent Group purchased 70,000 miners for $170 million from Bitmain. The stock moves come after Source link

With $30,000 Bitcoin in sight, analysts wonder how high it could go | Fortune … Source link

Share Tweet Share Share Share Email The price of bitcoin has passed $28,000 on Sunday (Dec. 27) just hours after also passing $27,000 for the first time, according to the NASDAQ. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. The rise of the currency’s value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. 25) and then $26,000 on Saturday (Dec. 26). In the U.K., bitcoin has become… Source link

It’s been a tough year by all accounts. But for Bitcoin, 2020 has been a marvelous time. The cryptocurrency almost quadrupled, surpassing $20,000 for the first time as it notched record after record. The diehards cheered it as an inflation hedge in an era of unprecedented central bank largesse. Wall Street veterans from Paul Tudor Jones to Stanley Druckenmiller blessed it as an alternative asset, adding to the rally. And companies like MicroStrategy Inc. and Square Inc. moved cash reserves… Source link

Bitcoin is on a late December tear, topping off a Santa rally that’s seen it add around 50% since the week before Christmas. The bitcoin price has climbed over 10% in the last 24 hours alone, with investors now eyeing the psychological $30,000 per bitcoin level for the first time. As a result, the combined value of all the bitcoin tokens in circulation has passed half a trillion dollars ($500 billion) for the first time. MORE FROM FORBESWhy This Former Billionaire And Goldman Sachs… Source link

London, UK, Dec. 26, 2020 (GLOBE NEWSWIRE) — Bitcoin Profit Review: Worth Investment or Not? The crypto market is full of traders who are making money hand over fist. The big brands have taken notice, too, and are now investing in cryptocurrency. In fact, some of them are making coins for their branding needs, such as Facebook. All that indicates that the crypto market is booming, and everyone wants a piece of it. Since so many things are changing, most people think they cant get… Source link

TipRanks Nikola: Time to Buy the Dip? Analyst Weighs In Things are going from bad to worse for Nikola (NKLA). For a stock that was on fire during the year’s first half, the electric truck maker’s comedown has been brutal. A series of events – allegations of fraud committed by founder Trevor Milton, his subsequent resignation, a severely underwhelming deal with General Motors – have sent investors to the exit gates.Now it looks like even the trash wants nothing to do with Nikola.On… Source link

Bitcoin has surged past the psychological $25,000 level, taking its December gains to almost 50%, as the 2020 bull run shows no sign of slowing. The bitcoin price, after starting the year at around $7,000 per bitcoin, has soared through the year, climbing well past its 2017 all-time high of around $20,000. However, even as the bitcoin price continues to climb, the chief executive of financial advisory group deVere, Nigel Green, has revealed that he has sold half of his bitcoin holdings. … Source link

The Matrix / Aurich Update, 12/26/20: It’s the year end holiday season, and Ars staff has been enjoying some much needed downtime. While that happens, we’re resurfacing some classic Ars stories like this 2017 explainer on everything you’ve wanted to know about Bitcoin but may have been afraid to ask. (Because with the cryptocurrency’s value reaching a new record high not even two weeks ago, it’s perfectly reasonable to want the basic intel.)… Source link

For the first time ever, we are publishing the Forbes Crypto Awards. Not everyone will be happy they’re on the list. Fed chairman Jerome Powell takes the honors as our person of the year: In a pandemic year when the Fed printed so much stimulus money that the central bank saw its balance sheet nearly double in size, our Forbes Awards judge Anthony Pompliano of Morgan Creek Digital credits Powell with running a “$3 trillion marketing campaign for bitcoin.” Here are our picks for the… Source link