Bitcoin

An army of small Bitcoin (BTC) investors has been fighting with their larger counterparts for months to keep the price above $18,000. Bitcoin accumulation strong among fishes Notably, there has been some on-chain divergence between so-called whales (entities that hold more than 1,000 BTC) and fishes (entities that hold relatively smaller amounts of BTC) as Bitcoin continues to fluctuate inside the $18,000-$20,000 area. Bitcoin fishes have been accumulating BTC during the coin’s sideways… Source link

In November 2021, Bitcoin (BTC -0.25%)looked unstoppable as its price approached $70,000 per coin. Since then, the cryptocurrency has lost nearly 70% of its value and it now trades for about $19,000. Was this just a big financial experiment gone bust, or should investors continue to look at Bitcoin as a possible vehicle for building a diversified investment portfolio? It’s certainly possible that the king of cryptos has seen its best days, but there’s also plenty to be optimistic about…. Source link

Cryptocurrencies have attracted the interest of several investors in recent years and many new investors are now exploring opportunities in the sector. According to CoinMarketCap, there were over 21,000 cryptos in existence at the time of writing and more than 520 crypto exchanges. However, crypto and blockchain technology, both became popular with the introduction of Bitcoin (BTC) in 2009, and the rest is history. Bitcoin (BTC) which is also the biggest crypto by market cap has gained… Source link

Bitcoin (BTC -0.01%) as a payment option could be going mainstream faster than you may think. Speaking at Yahoo Finance’s All Markets Summit, Suresh Kumar, the global chief technology officer of Walmart (WMT 2.02%), discussed some of the ways the giant retailer is planning to make crypto a key part of its future payments strategy, both for physical and virtual goods. As Kumar noted, “Crypto will become an important part of how customers transact.”  Bitcoin, as the most popular crypto for… Source link

Bloomberg Intelligence’s senior commodity strategist says bitcoin “may be entering an inexorable phase of its migration into the mainstream.” In addition, the cryptocurrency may also “be entering unstoppable maturation stage,” the strategist added, expecting the price of bitcoin to continue to rise over time. Bitcoin’s ‘Unstoppable Maturation Stage’ Bloomberg Intelligence’s senior commodity strategist Mike McGlone provided his outlook for bitcoin this week. Citing… Source link

Major cryptocurrencies were trading slightly higher early on October 23, with the global crypto market cap at $923 billion, up more than 0.5% from the previous day. In the last 24 hours, the total cryptocurrency market volume was $32 billion, a 39% increase. The leading cryptocurrency, Bitcoin, is consolidating near $19,216, having gained less than 1% during the Asian session. BTC has formed a symmetrical triangle pattern, and a… Source link

This is an opinion editorial by Robert Hall, a content creator and small business owner. The last few months have not been great for the bitcoin price. Bitcoin continues to languish around the $19,000 to $24,000 range with no end in sight. Bear markets are a time when your conviction will be significantly tested. People new to bitcoin may think the economic pain is too much and want to tap out to cut their losses. Others will see the price of bitcoin hanging out in the doldrums and decide not… Source link

Bitcoin — a popular cryptocurrency created in the late 2000s by developer/s Satoshi Nakamoto — can be complex in terms of operations. One can say Bitcoin is a digital currency that uses cryptography to record transactions. One can also say that underlying blockchain tech adds uniqueness to Bitcoin. It can also be said that Bitcoin is all about the absence of any intermediary like banks, with full control of operations in the hands of the people. The situation right now is such that even… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. It was the fifth consecutive week of either flat prices or losses, but flatness suddenly looks a little more promising than usual. New data from Kaiko finds that Bitcoin is less volatile than equities for the first time in two years, as BTC appears to be decoupling from the stock market.  Bitcoin and Ethereum each barely budged (up less than 2%) in the past seven days. BTC currently trades for $19,202, while ETH changes hands… Source link

Bitcoin (BTC) will top $100,000 next year but a record-breaking bear market will follow, a popular trader believes. In a Twitter discussion on Oct. 22, Credible Crypto endorsed a theory that Bitcoin’s next halving will also see macro lows of just $10,000. BTC bulls need only wait a year for $100,000 With consensus calling for Q4 2022 to match the end of the 2018 Bitcoin bear market, few are in the mood to call a trend change. While a bold prediction from LookIntoBitcoin creator Philip Swift… Source link