Tag Archives: Bitcoin

Bitcoin has fired beyond the $27,000 mark, meaning the world’s number one cryptocurrency is now bigger than it has ever been.Bitcoin Is Moving Faster, NowThe currency has largely been trading for around $23,000 through most of the holiday season, and now, post-Christmas, the asset is on a tear through the financial arena and has added another $4,000 to its constantly growing price. The currency appears to be on a serious roll to the point that we all must wonder what made us make such a big...

Bitcoin price started a fresh upward move from the $26,000 support zone against the US Dollar.The price is now trading well above $27,000 and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $27,150 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue higher if it clears the $28,350 and $28,500 resistance levels.Bitcoin price is currently gaining momentum above $27,500 against the US Dollar. BTC...

According to analysts at JPMorgan Chase & Co., institutions must invest in bitcoin if it’s going to remain at the top of the financial ladder.JPMorgan: There Is No Bitcoin Without InstitutionsThe monetary giant recently published a new report suggesting that money flowing into items such as the Grayscale Bitcoin Trust are necessary if bitcoin is going to continue to thrive. Should this investing stop or slow suddenly, the currency – which recently reached an all-time high beyond $24,000 –...

Bitcoin has been experiencing a monster rally at the time of writing, but according to some analysts’ viewpoints, the jumps incurred by the world’s number one digital currency by market cap aren’t all that spectacular. Meltem Demirors – chief strategy officer at Coin Shares – explained in a recent interview that certain stocks, such as Tesla, have also witnessed huge spikes in recent months, and some have been even larger by comparison.Meltem Demirors: Bitcoin Is Less VolatileDemirors says...

Elon Musk is at it again when it comes to crypto. This time, his attitude appears to have shifted into more positive territory, questioning whether it’s possible to transform much of the money held by Tesla into bitcoin.Elon Musk Needs a Little Crypto AdviceMusk appears tempted by the recent trend of institutional players that have gotten their fingers on bitcoin and willingly entered the crypto space. These companies include MicroStrategy, Stone Ridge, Square and many others. In fact, Musk...

Imagine that you come across a collectible you want. You’ve done the math, and you know it’s only worth a specific amount, yet the seller wants double or triple that price. Would you take it? Do you want this collectible enough? When it comes to bitcoin, people are allegedly so desperate to get their hands on the currency that they’re suddenly willing to pay just about anything to add it to their portfolios.Bitcoin Premiums Are Through the RoofBitcoin, the world’s number one cryptocurrency by...

Elon Musk is at it again when it comes to crypto, and as time goes by, it’s getting harder and harder to take the SpaceX and Tesla CEO seriously. He can’t seem to get a grasp on his comments, and many digital analysts and traders, at this stage, are likely thinking the same thing: make up your mind!Elon Musk Suddenly Doesn’t Care for BTCOne minute, Musk is acting like crypto is the greatest invention known to man. The next minute, he’s saying that it all smells foul and that people should...

No doubt that the United States is a leading territory when it comes to the cryptocurrency revolution. The region boasts some of the biggest cryptocurrency exchanges in the world like Kraken and Coinbase, and the good old USA has done wonders when it comes to attracting new traders to the digital currency space, but it looks like the nation may soon lose its position due to growing activity in Nigeria.Nigeria Is a Major Bitcoin HubBitcoin has really experienced a surge in popularity within...

For some, the United States presidential election is over. A winner – Joe Biden – has allegedly been declared, and many financial analysts are confident that this new successor to the White House is going to do wonders for bitcoin and really put the cryptocurrency space on the map, but it’s possible these individuals are jumping the gun.Bitcoin Isn’t Quite on the Political Map YetBefore we go on, we need to get one thing straight… Biden is not the official winner of anything yet. The fact is...

Mike Novogratz – a billionaire investor and former hedge fund manager – is not an insensitive man. He acknowledges that 2020 was wracked with hardship, and that the year has been difficult primarily thanks to the spread of the coronavirus pandemic. He sees that it has led to considerable damage in our economy and has contributed to numerous deaths.Novogratz Believes COVID Had a Positive SideHowever, he’s not one to just turn his back on the positives altogether. In many ways, he believes the...