Bitcoin

Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin (BTC).  The catalysts are increasing adoption, whales, inflows from other products into Bitcoin, and influence from other markets. Alameda Research is a major cryptocurrency firm that trades a variety of cryptocurrencies and derivatives, with a volume between $600 million and $1.5 billion a day. The weekly price chart of Bitcoin. Source: TradingView.com Overall… Source link

Bitcoin (BTC) can hit $100,000 in five years and $1 million by 2035, Nugget’s News CEO Alex Saunders has told Cointelegraph. Speaking in an interview with Cointelegraph Markets analyst Michaël van de Poppe on Nov. 18, Saunders described current conditions as a “perfect backdrop” for new highs. Saunders: $1M Bitcoin price by 2035 “It’s either going to keep going like right now in the next few weeks and get to $20,000 very… Source link

Bitcoin has exploded over the last few weeks, adding to gains through 2020 that’s seen it more than double in value. The bitcoin price has this week shot past $18,000 per bitcoin, causing jubilation among long-suffering bitcoin supporters and causing many to recall bitcoin’s late 2017 bubble—though it’s happening without 2017’s mainstream bitcoin mania. Now, a leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of… Source link

INX Limited CMO Douglas Borthwick discusses the future of Bitcoin. As Bitcoin approaches record levels last reached in December 2017, it turns out Wall Street isn’t the only group interested in the cryptocurrency now Hollywood wants in. DOJ SEIZES BITCOIN VALUED AT MORE THAN $1B RELATED TO SILK ROAD ‘Game of Thrones’ star Maisie Williams sparked a discussion earlier this week after putting out a poll on Twitter asking her 2.7 million followers if she should “go long on bitcoin,” a… Source link

The popular digital currency, which is arguably one of the most polarizing in financial markets, is approaching heights not seen since the frenzied rush into cryptocurrencies three years ago. Bitcoin’s price BTCUSD, +0.29% on Wednesday briefly hit an intraday peak at 18,358.98, and was pulling back in recent trade but still on pace for the fourth-highest finish in its history since December 2017, when the asset briefly flirted with $20,000 before collapsing… Source link

Topline Amid a pandemic that’s seen the U.S. dollar tank in value, the price of bitcoin has exploded nearly 150% this year and 15% in the past week alone, sparking a wave of renewed attention from Wall Street as the pioneering cryptocurrency nears its all-time price peak from late 2017 (before the crypto market infamously crashed). Bridgewater Associates founder Ray Dalio at Fox Business Network Studios in New York City. (Photo by … [+] Roy Rochlin/Getty Images) … Source link

Text size Dreamstime The price of Bitcoin is gaining again Wednesday—and it’s not far away from its all-time high. How… Source link

REUTERS/Baz Ratner Bitcoin rose above $18,000 on Wednesday, to its highest in three years, and its market capitalization has hit an all-time record of $336 billion. The price has closed above $17,000 on only five other days in history, Deutsche Bank analysts said. Frenzy over its price caught the attention of Hollywood celebrity Maisie Williams, who ran a Twitter poll Tuesday on whether she should buy Bitcoin. Events triggering Bitcoin’s price surge include improvement in mainstream… Source link

Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally. In a blog post on Nov. 17, Nic Carter, co-founder of statistics resource CoinMetrics, highlighted nine charts, which as of this week, are higher than ever. 10 charts highlight “clear improvements” From wallet balances over $10 to institutional holdings and even Bitcoin spot prices in various fiat currencies, the data shows that Bitcoin… Source link

Mike Novogratz/ Bloomberg.com Mike Novogratz says he expects the price of Bitcoin to hit $65,000 and told the “Game of Thrones” star Maisie Williams to buy the digital token. Williams conducted a Twitter poll Monday about whether she should buy Bitcoin. It caught the attention of several prominent names including Novogratz, Elon Musk, and the major cryptocurrency investor Barry Silbert. Bitcoin climbed as much as 4.8% to $18,480 on Wednesday, to a fresh three-year high, before… Source link