Bitcoin (BTC)

After several consecutive days of price drops, bitcoin initiated an impressive leg up yesterday and even touched the coveted $50,000 tag. Most alternative coins have also reacted positively, including ETH overcoming $1,500, LINK nearing $30, and BNB reaching $250.It’s worth noting traditional financial markets are also recovering. Yesterday, the S&P 500 is up by more than 2%, the NASDAQ Composite – by more than 3%, and the NASDAQ 100 by almost 3%.Bitcoin Taps $50K AgainEver since BTC...

In a 100-page deep-dive report dubbed “Bitcoin, at the Tipping Point,” Citibank’s global perspectives and solutions team noted that the cryptocurrency could potentially “become the currency of choice for international trade.”The analysts acknowledged that the massive interest shown by several large institutional investors like Tesla, Microstrategy, and PayPal is one of the major propellants for the digital asset gaining mainstream adoption.The team further noted that several other factors,...

The bitcoin space was supposed to be decentralized. One that was controlled by the people that owned it. It was supposed to give people more financial independence and say in their futures. However, light is being shed on an arena that is now largely controlled by a small group of crypto-centered businessmen. Is Bitcoin Remaining Decentralized? As it turns out, more than 95 percent of the world’s total bitcoins are stored within two percent of the world’s crypto...

Imagine a world where bitcoin and cryptocurrency just completely took over. There are no more standard financial investment tools, and things like stocks and bonds cease to exist. The entire world is based on cryptocurrency, and everything is paid for in bitcoin. While it may be many years until we reach a society like this, Cathie Wood of ARK Invest thinks we’re heading in that direction. Cathie Wood: BTC Will Replace Bonds In a recent interview, the monetary executive...

[Featured Content]Cryptocurrency trading is growing in popularity as the interest in digital assets, especially in Bitcoin, has skyrocketed over the past few months.This doesn’t come as a surprise, given its parabolic increase. After all, Bitcoin’s price reached almost as high as $60,000. Moreover, various institutional funds started considering the opportunity behind BTC while major public companies already jumped on the bandwagon.The latest to do so was Elon Musk’s Tesla. The company...

« Méfiez-vous des citations que vous trouverez sur Internet, disait Napoléon ; il est bien incertain de savoir si elles sont authentiques ». A dire le vrai, la fonction magique copier-coller n’a fait qu’empirer une situation qui n’était déjà guère transparente auparavant. Mais pour en rester à Internet et à l’empereur, un mot vient à l’esprit, celui selon lequel « un bon croquis vaut mieux qu’un long...

Bitcoin has been a major focal point of discussion as of late. The world’s number one digital currency by market cap experienced a record bull run during the month of February, but during the final days of the month, the currency came crashing down and experienced a $10,000 dip. The asset fell from roughly $56,000 per unit to about $46,000, which is what it remains at still. The Latest Bitcoin Slip Hasn’t Caused Many People to Turn Despite this mega drop, the currency...

Question: Can you buy cryptocurrency on one exchange and sell it on a different exchange? Answer: Yes.Question: Why would you want to do this, and what is it called?Answer: It’s call Arbitrage, and cryptocurrency investors do it to make money.Just like any other asset, cryptocurrencies are worth what someone else is willing to pay for them. And as it happens, Bitcoin is worth more in certain areas of the world, as well as between different exchanges. This means there is a profit margin that...

Citi says that another cryptocurrency might be able to usurp Bitcoin from its current high position citing the fact that altcoins have witnessed their market cap grow by almost 4 times in 2020.Citi Bank has released a new report that indicates that Bitcoin is at a “tipping point” of its evolution due to the increased investments in the asset by leading institutions and the ongoing regulatory works being put in place by the authorities. According to the report, the digital could evolve to...

Bitcoin saw a strong rebound today as it recovered from yesterday’s low at $43,000 to over $48K, where it is trading as of writing these lines.The cryptocurrency had been in a downtrend for the previous week as it dropped by over 25% to reach its weekly low yesterday, at the mentioned-above level of $43K (according to Bitstamp).During the correction, Bitcoin had broken beneath an ascending price channel that it was trading within throughout February. However, over the past days, BTC was...