Bitcoin

Jordan Mansfield/Getty Images With Bitcoin hitting an all-time high this week, major players are reflecting on how far the space has evolved since the previous record set in December 2017. The bullish case appears to be intact as institutional interest remains elevated for Bitcoin.  Five crypto experts weighed in on its rally, explaining why Bitcoin has room to go higher and how the dollar’s weakness will fuel it further. Visit Business Insider’s homepage for more stories. Bitcoin,… Source link

Bitcoin, the world’s biggest and best-known cryptocurrency, uses complex mathematical equations to secure its supply and transactions. Last year, Google sent shock waves through the internet when it announced it had built a quantum computer able to solve formerly impossible mathematical calculations—with some fearing bitcoin could be at risk. Now, researchers in China, a country hostile to bitcoin and decentralized cryptocurrencies, are claiming they’ve matched Google’s so-called… Source link

Photographer: Akos Stiller/Bloomberg MicroStrategy Inc. has bought more Bitcoin. The company paid $50 million for more of the world’s largest cryptocurrency at an average purchase price of $19,427, it said in a filing to the U.S. Securities and Exchange Commission. MicroStrategy now has about 40,824 Bitcoins in total, according to the filing. … Source link

Some bitcoin selling on Friday caused its price to decline. Ether options traders appear less inclined to place bets on the asset’s price, as evidenced by lower Deribit volume. Bitcoin (BTC) trading around $18,975 as of 21:15 UTC (4:15 p.m. ET). Slipping 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $18,717-$19,556 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Dec. 1.Source: TradingView Bitcoin prices… Source link

Less than a week ago, bitcoin’s price set a new all-time high at $19,920.53. However, the oldest cryptocurrency is still struggling to break above the $20,000 level.  The reason that milestone remains elusive, according to analysts and traders, is simple: There are too many sell orders very near the $20,000 level because some bitcoin holders are afraid of near-term sell-offs. That price point is particularly significant because it’s roughly where the market topped out in the late 2017… Source link

Traders have begun unwrapping tokenized bitcoins. The U.S. Treasury Department will keep a vigilant eye on digital innovations. And trading volumes on OKEx have plummeted.  Top shelf Forced burnRipple Chief Technology Officer David Schwartz tweeted the community could force the burning of billions of the protocol’s XRP native tokens held in escrow to prevent the drop in price that would likely occur should those billions in frozen tokens ever flood the market. On Dec. 2 a Twitter user asked… Source link

Kevin Mazur/Getty Images/Robin Hood Paul Tudor Jones told Yahoo Finance he expects bitcoin to go “substantially higher” as more countries adopt digital currencies over the next 20 years.  He said that cryptocurrencies will have a “crazy rocketship ride up and down along the way,” to global adoption.  “I’m going to assume that it’s the wrong price for the possibilities that it has and I’m going to assume that the path forward from here is north,” the investor said on bitcoin. Source link

Bitcoin has been winning hearts and minds throughout 2020 amid unprecedented central bank money printing and the coronavirus-induced digitalisation of day-to-day life. The bitcoin price has soared since crashing to around $4,000 per bitcoin in March, climbing to its 2017 all-time high of around $20,000—though has failed to cross the psychological barrier. Now, a top market strategist at the research arm of New York-based global investment manager AllianceBernstein, which has $631 billion… Source link

The price of bitcoin is trending up in a low-volume environment. Meanwhile, some rebalancing from bitcoin into ether has been occurring on exchanges since late November. Bitcoin (BTC) trading around $19,363 as of 21:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $18,809-$19,607 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Nov. 30.Source: TradingView The bitcoin market is back to… Source link

Meanwhile XRP, the third-largest cryptocurrency, has surged nearly 25%. Litecoin, Polkadot, Cardano and Stellar, which are all among the top dozen biggest cryptocurrencies, have enjoyed larger gains than bitcoin, too. “Part of what’s going on is simple math. Smaller coins can have bigger [percentage] moves and there are a lot of other coins that people can invest in,” said Greg King, CEO of Osprey Funds, a firm that invests in digital currencies. To that end, bitcoin is significantly larger… Source link