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Bitcoin vs. Gold Tomohiro Ohsumi/David Gray/Getty Images As bitcoin continues its meteoric rise, breaching new records and crossing the $1 trillion market capitalization mark in just the last week, more investors are assessing the longstanding comparison between the famous cryptocurrency and an equally well-known asset class: gold.  Both assets, experts say, are often seen as ways to diversify a portfolio or as a hedge against fiat currency inflation brought about by what some… Source link

Thanks to Bitcoin’s overwhelming market dominance and market share, its movement is often reflected in the performances of the market’s altcoins. When the world’s largest crypto was rangebound and consolidating, market alts such as Monero and Ethereum Classic corrected. When BTC resumed its uptrend, however, these alts were quick to follow suit. Monero [XMR] Source: XMR/USD on TradingView Monero, the crypto-market’s leading privacy coin, has had a topsy-turvy 2021. While the month… Source link

Will Hobbs is chief investment officer at Barclays Wealth & Investments Barclays Wealth & Investments The zeal around bitcoin is “increasingly cultist” according to Will Hobbs, the chief investment officer of Barclays Wealth & Investments. Hobbs also said a rise in interest rates could dent the world’s biggest cryptocurrency. Yet big names like BlackRock are increasingly interested as the bitcoin rally continues. Sign up here for our daily newsletter, 10 Things Before the… Source link

Earlier this week, Bitcoin (CRYPTO:BTC), the largest cryptocurrency in the world by market cap, hit a milestone. It handily topped the psychological $50,000 level. As I write this on Feb. 17, it’s closing in on a market value of $1 trillion (about $25 billion away). Bitcoin has gotten an extra bump in recent weeks from a handful of brand-name companies adding it to their balance sheets or accepting it as a form of payment. Tesla (NASDAQ:TSLA)… Source link

Elon Musk admitted that bitcoin and ethereum “seem high” in Twitter exchange with Peter Schiff. The Tesla CEO retorted Schiff’s claim that Gold was a better asset allocation than crypto. On Friday night, bitcoin hit record highs pushing its market cap to more than $1 trillion. Visit the Business section of Insider for more stories. Elon Musk isn’t one to shy away from speaking his mind on Twitter. In his latest social media comments, the Tesla chief admitted the… Source link

Ethereum Ethereum rose by 0.93% on Friday. Following on from a 4.74% rally on Thursday, Ethereum ended the day at $1,957.68. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,890.00 before making a move. Steering well clear of the first major support level at $1,877, Ethereum rallied to a late intraday high and a new swing hi $1,974.98. Coming within range of the first major resistance level at $1,976, Ethereum eased back to end the day at sub-$1,960 levels. At the… Source link

Bitcoin’s market value has surpassed $1 trillion, a milestone that puts the cryptocurrency in a very exclusive club with tech titans like Microsoft, Apple and Google’s parent company, Alphabet.  Bitcoin reached this record high Friday when it traded at roughly $54,000 per coin. It closed the day at more than $55,700 — quadrupling since early November. Larger investors are taking the digital currency more seriously now, which has helped drive up its price.  Source link

Bitcoin broke briefly above a key resistance level at $56,000 on Friday, while ether’s slowly catching up to bitcoin’s gains. Bitcoin (BTC) trading around $55,512.76 as of 22:00 UTC (5 p.m. ET). Gaining 6.60% over the previous 24 hours. Bitcoin’s 24-hour range: $50,821.47-$56,283.55 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Feb. 16.Source: TradingView Bitcoin volumes on… Source link

Text size Dreamstime Bitcoin’s overall market value rose to over $1 trillion on Friday, as a combination of institutional buying and… Source link

Bitcoin prices broke through $55,000 today, setting another record. getty Bitcoin prices climbed to a fresh record today, surpassing $55,000 as the digital currency continued its strong, upward trend. The cryptocurrency, which recently surpassed a market capitalization of $1 trillion, reached $55,707.21 this afternoon, according to CoinDesk data. At this point, bitcoin was up more than 90% in 2021, having opened the year at roughly $28,900, additional… Source link