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While Bitcoin continues to remain the “blue chip” of cryptocurrencies, 2020 has seen Ethereum trail in second place, as well as the rise in popularity of altcoins built on Ethereum, said Hong Fang, CEO of OKCoin. “2020,… Source link

Bitcoin has soared in recent months, smashing through its 2017 highs and entering price discovery for the first time in three years. The bitcoin price hit $42,000 per bitcoin earlier this month before falling back, up around 300% since early October. Bitcoin’s price is currently trading around $36,000, giving bitcoin a total value of $680 billion. Now, billionaire investor Mark Cuban, who famously said he’d rather have bananas than bitcoin, has warned crypto traders to watch for a rise… Source link

Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over recent months, more investors are seeking exposure to the… Source link

To think that such a festive concept, one that evokes both sophistication and childlike wonder, could become so financially charged … Last week, Bank of America Securities chief investment strategist Michael Hartnett said in a note that bitcoin looks like “the mother of all bubbles.” Harnett seems to be using the strength and speed of bitcoin’s price rise as the base for his diagnosis, as if that is the main feature of a financial bubble. It isn’t. Continuing the misuse of the word,… Source link

A photoshopped image of a staff member of China Citic Bank in Hangzhou holding Chinese currency … [+] notes emblazoned with the Bitcoin symbol on them. (Art by Kenneth Rapoza) Costfoto/Barcroft Media via Getty Images Bitcoin has become a mainstream Wall Street investment now. It’s on every investor’s radar. So like any other investment, you have to wonder: what can the government do to screw it up, or make it a buy? Last week, we all saw this Tweet… Source link

Key Takeaways Ethereum looks ready for high volatility as it moves closer to an ascending triangle’s breakout point.  A spike in buying pressure could push Ether’s price to a new all-time high of $1,650. ETH whales may try to fake out doubters by a final push to $1,160 before the uptrend resumes. Share this article Ethereum looks primed to rise to new all-time highs after enduring a week-long consolidation period that helped flush out weak hands. Ethereum Prepares to… Source link

With bitcoin prices up enormously in recent months, this mining operation in Canada is just one of many players trying to cash in. Photo: Lars Hagberg/AFP via Getty Images Bitcoin is at it again. Last month, the price of the virtual currency quietly breached a new all-time high, cruising well past its prior peak of $19,600 set in 2017, and has been hovering… Source link

Litecoin could continue with the breakdown in the coming week; its downside eyes $130. Bitcoin Cash fails to sustain recovery as losses back to $400 linger. EOS is stuck in consolidation between the resistance at $2.8 and support at $2.6. The cryptocurrency market has had a burst this week, with some assets breaking out to all-time highs while others recorded massive losses. Polkadot emerged as one of the top weekly gainers, displacing Ripple from the fourth position as reported. On… Source link

Billionaire with bitcoin getty BITCOIN’S 40,000 MPH SPEED BUMP If you didn’t check the price of bitcoin this week, you would be forgiven for thinking that nothing happened of consequence. However, it had a very volatile couple of days. After staying above $40,000 for much of January 10, by the next morning bitcoin was threatening to fall below $30,000. Additionally, this sudden fall led to double-digit drops in many altcoins, such as ether, litecoin… Source link

Near Protocol (NEAR) is a smart contract platform that uses parallel processing to scale the network. This technique, known as sharding, resembles what Eth2 is aiming to achieve and Near’s proof-of-stake consensus mechanism also allows token holders to stake their coins.  In the past month, NEAR has rallied by 107% and this raises questions on whether the project is making significant strides in what has become an ultra-competitive smart contract industry. NEAR/USDT (Binance). Source:… Source link