Bitcoin (BTC)

Bitcoin has broken yet another massive milestone. Just moments ago, the price managed to hit the coveted $40,000 mark for the first time in history.Bitcoin’s price shows absolutely no signs of slowing down from the incredible parabolic move.Moments ago, it managed to hit the significant milestone, breaking the coveted $40,000 mark.This makes for a daily increase of around 14%.BTC/USD, $40K on Bitstamp. Source: TradingViewAs CryptoPotato reported earlier today, a senior Bloomberg strategist,...

Bitcoin has been on a massive surge over the past few weeks. At the time of writing, the asset has reached a new all-time high of more than $35,000, putting 2017’s price of just over $19,000 to complete shame. The fact is that the price of bitcoin is near double what it was three years ago, and the currency is now trading at a level that few analysts ever saw possible within this timeframe.Bitcoin Has Nearly Doubled Its Size in Three YearsBut there are many things that have been pushing...

Mike McGlone, Bloomberg’s Senior Commodity Strategist, believes that bitcoin appears as a better investment opportunity than gold as of January 2021. The intelligence analyst said that it’s more likely BTC to reach $50,000 per coin than retrace to the old highs of about $20,000.Bitcoin Better Than Gold?Bloomberg’s strategist is among the few mainstream analysts that had remained bullish on BTC even when cryptocurrency was struggling during the year-long bear market in 2018. When the asset has...

Following the latest price developments for bitcoin, the cryptocurrency’s market cap has entered the top ten assets by market capitalization. More recently, BTC has closed the gap with Elon Musk’s electric vehicle and clean energy company, Tesla.Bitcoin Nears Tesla’s Market CapThe cryptocurrency has been on a remarkable run since October 2020. It ended last year with gains of over 300% after finally managed to break above $20,000 and head into uncharted territory.So far, bitcoin has continued...

One of the major cryptocurrency derivatives exchanges, BitMEX, has completed the month-long process of verifying its entire user base. The development comes shortly after the platform said it would provide its clients with faster transactions via a new integration system update.100% of Volume on the BitMEX Platform Fully Verified In a recent post, BitMEX has announced it has finished its User Verification Program. The project’s implementation is an attempt to make the platform one of the most...

Despite its short-term volatility Bitcoin has demonstrated a long-term bullish trend. As of early January 2021, if you had bought Bitcoin at any point in the years prior and held until today, you would now be in profit.Bitcoin (BTC) has been breaking records lately, after achieving its highest ever value, and entering into what many experts believe will be a significant bull run.  But as early adopters of the technology, new users can sometimes be faced with an overload of information –...

Having hit a new all-time high of $38,280, Bitcoin is now trading at around $37,950 showing a growth of more than 8% in the past 24 hours.The global cryptocurrency (crypto) industry has hit a new milestone in its market cap following the impressive rallies of the coins that make up the market. According to data from CoinMarketCap, the total value of the crypto market is now $1,032, 283014,172 and masked by such volatility that can send the value higher in a very short while.Crossing the $1...

The cryptocurrency market is still northbound as Bitcoin sets new ATH every other week.The year has started with new records, the total cryptocurrency market cap exceeded $1 trillion, with only 67.7% of the cap covered by Bitcoin. As Bitcoin dominance drops, yet the market cap increases, the so-called “altcoin-season” should be expected.For that being said, let’s take a look at some altcoins that are worth following these days.AavePhoto: Aave chart on TradingView.AAVE/USDT is following an...

Bitcoin saw another 7% price increase today, sending the primary cryptocurrency to a fresh ATH above $38K. One can barely believe the fact that only three days ago, on Monday, Bitcoin recorded a daily low below $28K. And now, as of writing these lines, it gained roughly $10K. The latter was the value of Bitcoin before the current parabolic run that started in the middle of October 2020.On the smaller timeframe, last Monday, BTC had rebounded retesting the critical support at $30,000 –...

A few years after questioning bitcoin’s role in the financial markets, the former Federal Reserve governor Kevin Warsh has changed his mind, saying that owning BTC “makes sense” now.Furthermore, he breached the decade-old comparison between bitcoin and gold and said that the cryptocurrency is taking portions of the yellow metal’s market share.Former Fed Governor Changes His Mind On BTCThe primary cryptocurrency has a history of changing people’s minds. Previous examples include...