Bitcoin

Bitcoin’s rise and popularity is overshadowing the resurgence of a rival digital asset that some believe might one day surpass its predecessor. Ether coins, which run atop the ethereum blockchain have risen by about 5.7% so far this week, compared against bitcoin’s BTCUSD, +0.29% nearly 13% run-up over the same period. However, a plodding rally for Ether ETHUSD, +0.24% has helped it to post a nearly 292% ascent,… Source link

In November 2017, after an absolutely massive, two-month rally, Bitcoin passed $10,000 for the first time. And then, over the next 20 days, it soared even higher, reaching a price of $19,665 and roughly $329 billion in market cap, according to CoinGecko.  The moment felt unreal. How did this new digital asset rise from being an obscure playground for cryptography geeks to something worth hundreds of billions? Even then, unable to categorize it as a currency or commodity, many experts… Source link

Short-sellers, who make money when the price of a targeted financial instrument declines, aren’t always popular with corporate or government leaders. Those on the receiving end of contrarian bets against stocks or currencies tend to portray them as sharks undermining people striving to build, grow and create value. This, if you’ll excuse the pun, is short-sighted.  Short-selling is a necessary part of any functioning, efficient financial system. It provides liquidity, ensuring there’s a… Source link

There are both bearish and bullish scenarios for Bitcoin in the foreseeable future. The bear cases surround two key data points: rising BTC deposits from whales to exchanges and BTC’s lack of retests of crucial support levels. The bull cases are based on HODLer activity, address activity, the market capitalization gap between BTC and gold, and the favorable technical structure of Bitcoin. Bitcoin surpassing $18,500 is critical for its near-term price cycle. There were large sell orders… Source link

Bitcoin (BTC) hit new highs in excess of $18,750 on Nov. 20 as its latest extended bull run continued to delight investors. BTC price inches closer to all-time highs Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD climb swiftly after reclaiming $18,000, taking out its previous high of $18,420 to continue rising. At press time, local highs of $18,817 took Bitcoin to within $1,250 of its all-time highs from December 2017. BTC/USD 1-hour chart. Source: Tradingview The latest… Source link

Bitcoin prices surged 4% Friday to above $18,700 — inching closer to the all-time high of just under $20,000 from December 2017 — after BlackRock (BLK)‘s chief investment officer of fixed income, Rick Rieder, said in a CNBC interview that bitcoin is here to stay. “Do I think it’s a durable mechanism that could take the place of gold to a large extent? Yeah, I do, because it’s so much more functional than passing a bar of gold around,” Rieder said. The endorsement from BlackRock, which Source link

The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving. The firm identifies illiquid, or investor-held Bitcoin, as “wallets that send less than 25% of Bitcoin… Source link

Since topping out at $18,476 on Nov. 17, Bitcoin price has been flirting with the $18,000 level as bulls fight to flip the level to support and chase after the all-time high at $19,789.  While this battle takes place and the bulk of crypto and mainstream finance outlets focus on Bitcoin price, a number of less-loved crypto assets are producing generous returns for investors. DeFi Assets Index. Source: Messari As shown by Messari’s DeFi assets index, many of the top tokens are providing… Source link

Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years. Millionaires Don’t Want to Miss Out on Bitcoin A new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them…. Source link

Reuters / Dado Ruvic Bitcoin has surged nearly 150% in 2020 and rose above the $18,000 threshold on Wednesday for the first time in three years. Billionaire investor Chamath Palihapitiya said in 2017 that the coin could reach $1 million in the next 20 years, while Michael Novogratz sees the coin surging to $60,000 in the next twelve months. Meanwhile, so-called Bond King Jeffrey Gundlach said “I don’t believe in bitcoin. I think it’s a lie.” Detailed below is what seven investing… Source link