Tag Archives: Bitcoin

If we thought bitcoin was doing poorly before, we are having to redefine our ideas. It looks like the world’s number one digital currency by market cap has fallen below the $50,000 mark and at the time of writing, is trading for just over $49,000. Bitcoin Is Suffering Harder Than It Has in a While This marks a $5,000 drop for the asset in just the past 24 hours and a fall of more than $15,000 for the currency over the past two weeks. The currency appears to be dipping...

Value investor Bill Miller seems to believe that this present bull run for bitcoin is way different than the one that occurred in 2017. Bill Miller: BTC Is About to Go Mainstream In a recent interview, Miller viewed what is happening right now as an immediate door to mainstream territory for bitcoin. He pointed to the fact that the world’s number one digital currency by market cap has already rallied by more than 90 percent since the beginning of the year. He also states...

Bitcoin price started a fresh increase after testing the $47,000 support against the US Dollar. The price is now trading well above $55,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $55,100 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue higher above the $56,000 and $57,000 levels in the near term. Bitcoin price is rising steadily above $52,000...

Bitcoin and Dogecoin are two of the world’s biggest digital currencies right now. They have both been spiking like crazy as of late, with Dogecoin now taking the lead and working hard towards potentially reaching one dollar per unit by the end of the year. While they both look similar at first glance, Mike Novogratz – a billionaire investor and former hedge fund manager – claim that these assets could not be more different, and that investors need to be aware of the...

Bitcoin has been undergoing a serious correction as of late. The world’s number one digital asset by market cap has hit a new high of approximately $63,000 per unit, but since that day, it has lost about $8,000 off its price. Thus, the currency is now trading for just over $55,000, and companies such as JPMorgan are beginning to take notice. JPMorgan: We Need to See $60K Again Soon In a new report, JPMorgan appears to be rather bearish on bitcoin… again. To be fair, it...

Bitcoin keeps shooting higher for the most part. While it suffers from corrective periods such as right now (the asset is presently trading for about $55,000 per unit – roughly $8,000 less than where it was two weeks ago), the currency has managed to maintain a certain level of bullish activity, thereby making it one of the top financial tools of the past two years. Now, a price model for bitcoin known as the stock-to-flow model is suggesting that the currency could hit...

Sebastian Siemiatkowski – the CEO and co-founder of Swedish fintech company Klarna – is worried that people do not have enough education before jumping into the world of bitcoin investing. Sebastian Siemiatkowski: Education Is Key Investing can be fun and prosperous. It can also lead into a downtrend of sorts granted one does not know what they are doing before jumping in headfirst, which is arguably what has happened a lot with bitcoin and other cryptocurrencies. Many...

Bitcoin has done rather well this year. For the most part, 2021 has been a continuation of the BTC bull run we began to see towards the end of 2020, but now, it looks like the world’s number one digital currency by market cap has taken a turn for the worse, which is causing some analysts – such as Scott Minerd – to feel differently about the coin. Scott Minerd Predicts an Ugly Future for BTC Minerd of Guggenheim Partners has recently repeated the same warning he issued...

The Venmo app – which is a division of PayPal – has agreed to let all users buy, sell and hold digital tokens. The news was announced earlier in the week, and many believe this will move cryptocurrencies deeper into mainstream territory. The Venmo App Has Said “Yes” to Crypto Beginning last Tuesday, Venmo users can invest in four mainstream cryptocurrencies. They are bitcoin, Litecoin, Ethereum and bitcoin cash. They can use these assets to purchase goods and services...

Over the past few days, bitcoin has suffered somewhat, dropping in price from about $63,000 – the currency’s latest all-time high – to about $55,000 at press time. While many analysts believe that the currency has slipped due to exhaustion from the Coinbase listing on the Nasdaq, others feel differently, and point to other factors that may have contributed to the drop. Bitcoin May Have Fallen Due to a Power Outage Bitcoin has fallen by close to 20 percent over the past...