Bitcoin

Business Insider Investor Ray Dalio hosted a plain-spoken Reddit session on Tuesday at which users had the chance to ask him anything from his outlook for financial markets, to the potential of Bitcoin. The billionaire also discussed China’s leadership, emphasized the importance of diversification in a portfolio, and how a “flood of money” is lifting asset prices. Here are the 10 best quotes from Dalio’s “Ask Me Anything” session. Visit Business Insider’s homepage for more… Source link

Volume doldrums and December sluggishness caused bitcoin to slip steadily below $19,000; ether options above spot are highest at $1,120 strike price. Bitcoin (BTC) trading around $18,705 as of 21:00 UTC (4 p.m. ET). Slipping 1.7% over the previous 24 hours. Bitcoin’s 24-hour range: $18,629-$19,299 (CoinDesk 20) BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Dec. 5. Source: TradingView The price of bitcoin took a tumble… Source link

Bitcoin has been moving between $18,000 and roughly $20,000 since November 30. (Photo by Jordan … [+] Mansfield/Getty Images) Getty Images Bitcoin prices have been trading north of $18,000 since late last month, fluctuating above this level as the cryptocurrency benefits from multiple bullish factors. The digital currency has stayed above $18,000 since November 30, according to CoinDesk data. Several analysts commented on these price movements,… Source link

Bitcoin has been hovering just under its all-time highs for a few weeks now, leaving investors guessing if or when it will break the psychological $20,000 per bitcoin barrier. The bitcoin price has soared this year partly due to companies including business-intelligence firm MicroStrategy MSTR and payments giant Square SQ adding bitcoin to their corporate treasuries. Now, the Nasdaq NDAQ -listed MicroStrategy has said it’s going to almost double its bitcoin… Source link

“Weak longs” might be causing the price to slip in the bitcoin market but ether locked in DeFi is back on the upswing. Bitcoin (BTC) trading around $19,067 as of 21:00 UTC (4 p.m. ET). Slipping 0.68% over the previous 24 hours. Bitcoin’s 24-hour range: $18,923-$19,433 (CoinDesk 20) BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Dec. 4.Source: TradingView A fairly tepid market Monday opened the week, keeping… Source link

In the run-up to the 2017 market peak, stories abounded of traders who bought bitcoin in the spot market just a few months before only to cash out to the tune of hundreds of thousands, if not millions, of dollars. The days of tripling or quadrupling your money in just a week or two just by buying bitcoin may be behind us. But since those heady days of three years ago, the crypto derivatives market has taken up the mantle of being the place where astonishing returns can occasionally be had by… Source link

Bitcoin investors are witnessing a meteoric rise of the digital asset and have accumulated more than 170% year-to-date returns. Most recently, Bitcoin’s avid critic economist Nouriel Roubini recently reversed his stance in an interview stating that Bitcoin is a “partial store of value.” Nouriel joins the ranks of several prominent names in finance and business who have endorsed Bitcoin – from BVI hedge fund manager Paul Tudor Jones, to venture capitalist Chamath Palihapitiya, and… Source link

Bitcoin was lower, staying in the past week’s range of roughly $18,500 to $19,700. Prices are up 167% year to date, having started off 2020 at around $7,160.  “There is no doubt that $20,000 remains a barrier, both from a technical perspective and on an ideological level,” Simon Peters, an analyst for the trading platform eToro, wrote Monday in an email.  In traditional markets, European shares fell, led by banks and retailers. U.S. stock futures pointed to a lower open as investors… Source link

Bitcoin Bitcoin rose by 6.67% in the week ending 6th December. Reversing a 1.05% loss from the previous week, Bitcoin ended the week at $19,410.0. It was a bullish start to the week. Bitcoin rallied from a Monday intraweek low $18,196.0 to a Tuesday intraweek high and a new swing hi $19,956.00 before hitting reverse. The rally saw Bitcoin break through the first major resistance level at $19,268 and the second major resistance level at $19,884. A pullback on Tuesday saw Bitcoin fall back through… Source link

It is frustrating. But at the same time, interesting. Over the past couple of weeks, I’ve heard two well-respected investment managers say that they don’t believe in bitcoin’s supply limit. If it’s easy to spin up another Bitcoin, they claim, then there is really no limit. Most of you reading this will be rolling your eyes at this stage, but since it seems to be a firmly held view by some smart people, we should dig deeper. We’ll find that it’s about more than a lack of research.