Tag Archives: Bitcoin

The price of bitcoin has taken a nasty fall. At the time of writing, the currency has dropped by roughly $1,000 in the past 48 hours, bringing the price of the world’s number one cryptocurrency by market cap down to around $18,200. This is about five percent less than where it stood previously.Bitcoin Is Heading to the GutterIt appears the cryptocurrency space is being attacked from all sides as it’s not just bitcoin that has taken a nasty stumble. Additional currencies such as Ethereum,...

As of late, bitcoin appears to be getting the most attention out of all the world’s many cryptocurrencies. The asset has shot up to about $19,000, and many are eager to see if $20,000 is right around the corner. Amidst all the hype and hoopla, however, it appears we’ve forgotten about some of the world’s smaller competitors. Assets such as Ethereum, which according to Frank Holmes – chief executive and chief investment officer at U.S. Global Investors – is going to experience a huge bull run...

MicroStrategy is the institutional player of the year. Despite purchasing more than $400 million in bitcoin over the past few months, the company is clearly not done. In a recent statement, the company issued plans to raise an additional $400 million in the coming future to potentially purchase even more units of the world’s number one digital currency by market cap.MicroStrategy Wants Even More BitcoinThe firm has developed a solid thirst for bitcoin that initially began in August. At the...

Niall Ferguson is an author and the developer of a television series known as “The Ascent of Money.” In a recent interview, he comments why bitcoin is such a huge asset right now and why it’s arguably the best asset to have once the coronavirus pandemic is over.Niall Ferguson: Bitcoin Is the World’s Top AssetFerguson mentions:I’m going to go with bitcoin. It has had a stellar year, up 165 percent year to date. It’s now above $19,000. If, at the beginning of the year, you had said, ‘The...

Bitcoin price started a major decline after it struggled near the $19,450 zone against the US Dollar.The price is now trading well below $18,400 and the 55 simple moving average (4-hours).There was a break below a key contracting triangle with support near $19,020 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue lower if it breaks the $18,050 support zone.Bitcoin price is currently showing bearish signs below $18,400 against the US Dollar. BTC...

There are many analysts going back and forth and discussing the bull runs that bitcoin has incurred during both 2017 and 2020. It is widely estimated that the entire financial space was more of an observer three years ago, watching bitcoin move and wondering what to make of it all.Bitcoin Is Being Pushed By InstitutionsHowever, as time has gone by, it looks like the currency has really solidified its reputation as an asset to be taken seriously. Many people are now looking at bitcoin as...

Some are predicting that the current bull run enjoyed by bitcoin will last through the end of 2021 and see the asset reaching $50,000 within that time.Bitcoin Is on a Serious Run, But Not Everyone Is ConvincedAs it stands, bitcoin has managed to maintain its present position above $19,000 for a few weeks, now. The currency even temporarily moved beyond its all-time high and set a record for itself, which has caused many to think that anywhere between $20K and $25K could potentially be reached...

People got kind of freaked out last year when Google, arguably one of the largest and most powerful internet companies in the world, said that it had built a quantum computing machine that could solve hard and extremely long mathematical equations. Everyone thought that perhaps bitcoin – which relies on such equations to be mined and to ensure security – would be at risk. Now, the same fear is arising, though it has little to do with Google and a lot more to do with China.Is China Going to...

It’s always pleasurable to see a one-time bitcoin skeptic get turned into a believer, and that appears to be the case with Inigo Fraser-Jenkins, the co-head of portfolio strategy at Bernstein Research.Fraser-Jenkins: I See BTC Differently, NowIn a recent note to his clients, he has commented that everyone needs to make room in their portfolios for bitcoin and other cryptocurrencies. What’s the big clincher? Fraser-Jenkins was once a bitcoin skeptic, but he now appears to be far more...

Bitcoin is enjoying a historic run. The currency recently beat out its previously set all-time high, which occurred in December of 2017. Now, the currency has settled down a bit, but remains above $19,000 at the time of writing.Bitcoin Is Exploding As of LateMany are wondering if a setback is likely to occur this time around. That’s a big fear considering how similar this bitcoin run has been to the one from three years ago. As we all remember, the currency rose to nearly $20,000 per unit...