Tag Archives: bitcoin price

Tim Draper is at it again with his wild bitcoin predictions, and we can’t help but love him for it, but it seems like he’s resorting back to previous thoughts, and we can’t help but wonder what happened to the newfound confidence he appeared to be displaying when 2019 vanished.Why Is Tim Draper Backtracking?At the end of last year, Draper confidently stated that he thought bitcoin would potentially reach $250,000 by the time 2020 was over. That gave bitcoin just over a year to spike by nearly...

No doubt, bitcoin has had a very up-and-down year. It initially began in the low $7,000 range – where it ended 2019 – before falling into a high $6,000 position.Bitcoin Is Going to Hit It BigFrom there, political tension between the U.S. and Iran brought the currency to $7,000 all over again, and the currency continued to spike from there. It wasn’t until the coronavirus pandemic struck every global market in early March that the currency began exhibiting bearish behavior. It struck the...

No doubt bitcoin has gone through a rough couple of months this year, but then again, so has every asset.Bitcoin Could Be Big Again SoonIt seems like everywhere you look – whether it’s Asia, America, Europe, etc. – people are dealing with the circumstances surrounding COVID-19. The virus has done harsh damage to the global economy, resulting in several assets and markets falling by thousands of dollars since early March.However, some analysts believe this won’t be bad for bitcoin in the long...

Bitcoin has had a rough year thus far, but now the currency is showing strong signs of recovery, and many enthusiasts and traders believe this year could wind up becoming the new “2017.”Bitcoin Could Reach Its All-Time High AgainAs we all remember, 2017 is arguably bitcoin’s best year in the record books. The currency struck new territory and hit nearly $20,000 to reach an all-time high. Prior to that, the year was marked by consistent gains and bullish behavior that saw the asset gaining...

Is it possible that bitcoin is suddenly spiking because people are fighting back harder than ever against the coronavirus?Bitcoin Is Jumping… And So Are ResidentsWhile this is purely speculative, one cannot help but notice that now, right as people are beginning to protest current stay-at-home orders and stand outside governors’ mansions to herald their right to work, bitcoin has endured a significant rise.Over the past several weeks, bitcoin has been trapped in the doldrums, though things...

Yesterday saw the price of bitcoin – the number one cryptocurrency by market cap – jump all the way into the $7,500 range. The currency has added more than $400 to its price in just 24 hours. What happened suddenly, and why is bitcoin deciding to return to its old bullish ways?Bitcoin Is On a RollThis is great news for analysts – many of whom have been predicting a solid rise in the bitcoin price over the past few weeks – and for traders, who are seeing the bullish ways of their industry fly...

Investor Peter Schiff has never been a huge bitcoin fan, but even he’s predicting that the currency won’t go down in flames.Peter Schiff Makes Bold BTC StatementThe world’s number one digital asset by market cap has been having a rough time as of late. Serious drops started to throw themselves at the currency when the COVID-19 pandemic began growing in early March. Prior to that, bitcoin was trading for well over $10,000 but a sudden fall into the high $8,000 range occurred soon after.A few...

The price of bitcoin – the world’s number one cryptocurrency by market cap – has fallen to just over $6,800 at the time of writing following news that the oil market in America tanked two days ago.Bitcoin Takes Another TumbleDespite spending the last several days trading above the $7,000 mark – which it had crossed for the second time in a month – the digital asset that everyone has come to know and love is once again being affected by outside market commodities and has taken a turn for the...

Bitcoin has exploded in recent days, jumping all the way to the $7,000 mark for the second time in a month. This is a solid improvement over where it stood just last week, and yet some are predicting that things are about to fizzle out all over again.Bitcoin May Take Another DipThis seems to be a running theme in the bitcoin arena. While BTC does well and many people seem to jump on board, there are others that refuse to see the light. Many still view bitcoin as a failing asset that has yet...

Per some analysts, bitcoin may be headed into very bearish territory. As it stands, the world’s number one cryptocurrency by market cap is trading for over $7,200 at the time of writing, but some believe the asset is about to take a turn for the worse and could lose as much as 50 percent of its value.Bitcoin Could Find Itself Falling HeavilyBitcoin has already lost thousands off its price in the past two months. In mid-February, BTC was trading for well over $10,300, meaning its current price...