Tag Archives: bitcoin price

We’ve got some good news, folks. At the time of writing, the world’s number one cryptocurrency by market cap – bitcoin, of course – has shot past the $7,400 line for the first time in weeks.Bitcoin Is Heading HigherThis is a significant improvement over the $7,100 level it’s been trading at for some time. While the currency rose this high during the mid-December point, it appeared bitcoin couldn’t retain this level of momentum, and immediately fell back down to the low $7,000 range. Now, it...

Bitcoin has spiked this week, reaching $7,600 on Monday for the first time in almost 14 days, but quickly declined at the upper price level of $7,688.99. This step increased the profit of Bitcoins before the holidays.Investors are encouraged that now Bitcoin is approaching the $8,000 level. And there is an increasing likelihood that traditional non-crypto investors, traditional financial investors, may again begin to look at crypto. This is very important because introducing this new type of...

At the time of writing, bitcoin is on something of a rebound. The currency has recently spiked back into the $7,100 range despite falling to $6,800 as early as last week, but one source says we should have “seen this coming.”Bitcoin Is Moving on UpAccording to new data regarding mining operations, the price of extracting a new bitcoin costs roughly $6,300. Thus, it’s unlikely that bitcoin will ever fall below that level. Just a few days ago, bitcoin came dangerously close to that point, but...

Well, well… Here’s some exciting news. Tim Draper is joining the ranks of people like Ross Ulbricht and claiming that 2020 will be the year in which bitcoin hits new heights.Tim Draper Is a Man of Wild PredictionsPreviously, the venture capitalist claimed that bitcoin would likely hit the $250,000 mark by the year 2022. He later pushed his prediction back a few months to 2023, but now he’s moving everything forward by roughly three years. He thinks bitcoin could easily reach this figure by...

The weekend was positive for Bitcoin with another batch mimicking up during late U.S. trading and early Monday morning in Asia.BTC/USD is currently trading at $7,521 (+ 5.4% on the daily chart). The coin has been recovering since Sunday. During the early Asian hours, the cryptocurrency attempted the area above $7,600.Sentiment among traders and analysts altered back up again as optimism for “a year-end rally” returned to cryptocurrencies.Analysts maintained their range during the sudden...

Well, here’s a bit of good news for us all to enjoy. It looks like maybe bitcoin isn’t doomed to end on such a low note after all.Bitcoin Is Showing Promise Once AgainYes, the currency is nowhere near its peak price of $13,600 which occurred over the summer, but we can all take comfort in the fact that perhaps the number one cryptocurrency by market cap isn’t going to end 2019 below $7,000.After several days of traversing the $6,000 range, it appears the currency is walking a path of...

At the time of writing, several of the world’s leading cryptocurrencies, i.e. bitcoin, Ethereum, Litecoin and so on, are continuing their drops into red territory, and it’s unclear if recovery lies on the horizon.Bitcoin: Where Will It Go Next Year?As it stands, many enthusiasts are likely wondering what the future holds. Several analysts, over the past few months, have touted 2020 as the start of something great for BTC and its altcoin comrades, but normal, everyday investors aren’t seeing...

Gold bugs certainly have had quite the field year in 2019. The price of gold, even though it’s had ups and downs like pretty much every other asset, has still brought in significant year-to-date (YTD) returns so far. The price behavior might be seen by gold bugs, especially those who are anti-Bitcoin, has a feather in the yellow metal’s hat, against Bitcoin, especially recently.2019 was an interesting year because of quite a few factors. These factors including trade problems, cross-border...

After this week was pretty bearish for Bitcoin, it finally turned its way upwards. Some of the merits go to the crypto derivatives platform ErisX that started with its physically settled Bitcoin futures contracts, launching only the second such product suite in the U.S. However, only after Wednesday it went above the $7,000 mark. At the time of writing, it is trading at $7,179 that came as a welcome change that brought a dash of optimism among traders and analysts.With sentiment going up and...

It has been two years now that Bitcoin price hit its all-time high of $20,000 in December 2017. Since then it has been a tough ride for Bitcoin investors as the world’s largest cryptocurrency lost 80% of its value in 2018.In April 2019, the crypto market along with Bitcoin revived as the BTC price surged from $3500 levels to go above $13,500. This price surge brought some renewed optimism among crypto enthusiasts. However, Bitcoin has been again moving sideways facing downward pressure since...