Tag Archives: Bitcoin

Bitcoin has stumbled over the past 24 hours, falling back below the $16,000 line. At the time of writing, the currency is selling for just over $15,800, about $500 less than where it stood in its recent prime.Bitcoin Has Backed Off a BitAnd yet, analysts don’t seem bothered by this. In fact, they claim that the currency is likely to encounter “minimal resistance” as it continues to reach towards $20,000. This is the sentiment of industry experts such as Jason Lau, the chief operating officer...

Many people have been switching their stances on bitcoin as of late. The currency has done so well this year and come so far that many naysayers have suddenly turned into big fans, and it looks like another one has been turned. The person who is suddenly pushing bitcoin is an economist named Nouriel Roubini, who in the past, has been rather unkind to the asset.Roubini: Maybe BTC Isn’t So BadBitcoin has more than tripled since March. At the time, the asset had fallen below the $4,000 mark,...

The bitcoin price shot past the $16,000 level a couple days ago. It has since added more than $200 to its price, and it looks like many analysts are convinced that $20,000 – the asset’s all-time high initially achieved in December of 2017 – could be struck again prior to the end of the year.Bitcoin Has Moved Around a Bit in the Last Few DaysHowever, it looks like the bitcoin price may have gone through some up and down motions before finally recovering and trading for what it presently sits...

Bitcoin has gained quite a bit of momentum this year and is adding fans to its roster at an unprecedented level. At the time of writing, the world’s number one cryptocurrency by market cap has added another newbie to its list of major admirers. That newbie is Stanley Druckenmiller, a legendary hedge fund manager who now says he owns some bitcoin for the first time – and he seems to like it.Druckenmiller: BTC Is a Major New Asset ClassThe idea behind bitcoin’s sudden rise in popularity is that...

As recently reported, bitcoin has moved past the $16,000 mark, the highest it’s been in approximately three years. However, some analysts claim that things are about to slow down a bit before they get better. They predict a period of consolidation and believe that bitcoin could potentially lose a bit of steam before regaining momentum and surging to $20,000 again by the time Christmas rolls in.Some Believe Bitcoin Will Fall in the Coming MonthFor crypto enthusiasts everywhere, the holiday...

The bitcoin price is still on the rise. The world’s number one cryptocurrency by market cap has just hit the $16,000 mark for the first time since January of 2018. It is now less than $4,000 away from its all-time high, which it attained in December of 2017.Bitcoin Strikes Its Largest Territory in YearsThe year has been very up and down for the currency, and yet for the most part, the asset has seen one of its strongest periods. It was back in March when the asset first fell from around...

Plan B appears to be rather confident in his stock to flow (S2F) model. He’s predicting that bitcoin is going to reach a six-figure price of $100,000 by the time 2021 is over, and he’s ready to stick by this prediction no matter what.Plan B Believes His Own PredictionsThe price of bitcoin is presently $15,600. The currency has been in a steady bull run for the past month and a half, and it looks like nothing has been setting the currency back. Bitcoin is likely to continue adding to its price...

Michael Saylor – the CEO of MicroStrategy – says that bitcoin is a thousand times better than gold in a recent interview.Michael Saylor: BTC Beats the Pants Off GoldFor those who may be unfamiliar, MicroStrategy made headlines earlier this year when as a major institutional enterprise, it decided to purchase more than $400 million in bitcoin, making it one of the first institutions to come out and do so. It put all its money into the world’s number one digital currency by market cap, and it...

Is decentralized finance (DeFi) dying? Or here’s a better question… Is the DeFi space on the verge of suffering?The DeFi Space Isn’t as Strong as It Used to BeThese are the thoughts that are likely going through the minds of crypto analysts and industry experts alike at the time of writing. Bitcoin has been the biggest digital hit of 2020, having risen by more than 50 percent since mid-March. The currency is doing better than ever, but it’s come with a catch. All those who were invested in...

Well, the news is out. We’re on the verge of fully developing a coronavirus vaccine. The remedy comes by way of Pfizer, which is one of many companies that have been working on a formula to combat this deadly disease that has been putting certain portions of the world on lockdown for roughly eight months. This is good news to say the least, and yet it appears to have had a negative effect on bitcoin, which seemingly fell by more than $1,000 after the announcement was made.Bitcoin Falls After...