Tag Archives: btcusd

Bitcoin’s price continues to increase as the cryptocurrency expands above the $50,000 mark. At the same time, the precious metal that it’s most commonly compared to, gold, sits at an all-time low when valued against BTC.Gold Suffers Against BitcoinBitcoin is compared to many things, but most commonly, it’s pinned against gold as both assets make a strong case as a store of value.However, over the past year, there’s a clear winner among the two, as the Gold/Bitcoin ratio currently sits at an...

Bitcoin has done it again and painted yet another all-time high, this time above the $51,000 price tag. Most altcoins have fallen against their leader, and BTC has managed to increase its market dominance to above 62%.Bitcoin’s Latest ATH At Above $51KThe past several days have been quite turbulent for the primary cryptocurrency but ultimately positive. Just on Monday, bitcoin was nearing the coveted $50,000, but a sharp retracement drove it down to a low of $46,000.However, the bulls took...

While many CFOs dabble with the idea of putting Bitcoin on their balance sheets following the Tesla purchase, Microsoft has no such plans. The giant’s President, Brad Smith, recently refuted any assumptions that the firm could join the growing trend anytime soon.No New Conversations About BTC In MicrosoftAll eyes are on bitcoin after the electric vehicle giant Tesla filed documents with the Securities and Exchange Commission showing it had allocated $1.5 billion in the primary cryptocurrency...

Jim Bullard, President of the St. Louis Federal Reserve, has dismissed the value proposition of Bitcoin (BTC) based on some of the oft-quoted advantages claimed by BTC proponents.Speaking to CNBC on Tuesday, Bullard remarked that the Federal Reserve viewed Bitcoin as more of a rival to gold than an actual currency.According to Bullard, “For Fed policy, it is going to be a dollar economy and a dollar global economy as far as the eye can see.”For Bullard, the primacy of the U.S. dollar is not...

Peter Schiff, a well-known economist, gold proponent, and one of the most vocal opponents of Bitcoin, admitted that he was wrong about Bitcoin not hitting $50,000.Bitcoin’s Price Hits $50K For the First Time in HistoryFor the absolute first time since its inception, Bitcoin has hit the coveted $50,000 mark. The price has since retraced a bit but is still charting an increase shy of 3% on the daily. This has also brought the 7-day gains of BTC to about 7%.As CryptoPotato reported earlier...

MicroStrategy, the publicly-listed company that was amongst the first to put Bitcoin on its balance sheet, has now announced plans to raise another $600 million to buy more of the digital currency.In a press release dated February 16th, MicroStrategy announced that it intends to offer a $600 million aggregate principal amount of convertible senior notes that are due 2027 in a private offering to qualified institutional investors.Furthermore, the release adds that:The notes will be convertible...

The price of Bitcoin just surpassed another milestone – the $50K, according to Bitstamp. This comes only five weeks after breaking $40K and six weeks following the $30K breakout.Bitcoin is now recording a 72% return on investment in 2021 alone. The cryptocurrency has also delivered a 1200% ROI since recoding its 2020 low of $3,800 from March.BTC/USD, chart by TradingViewThe price of BTC had a great year. Starting 2020 below $8,000, the cryptocurrency broke $13K only in the middle of October,...

Over the past 24 hours, we saw the cryptocurrency market recovering from a mild correction that took place on early Monday morning. Bitcoin touched $50,000 for the first time, the total cryptocurrency market capitalization increased above $1.5 trillion, while Polkadot became the 4th biggest project by market cap, surpassing Cardano by an inch.Bitcoin Price Taps $50KFor the first time in history, the primary cryptocurrency tapped the coveted mark of $50,000. This is a major milestone for...

Bitcoin dropped by a small 2.8% today after failing to breach resistance at $50,000 yesterday. The cryptocurrency increased by 22.5% over the past week of trading as it surged higher to meet resistance at $48,570 (1.414 Fib Extension green).Yesterday, Bitcoin was able to breach the significant resistance at $48,570 but struggled to advance above the next major supply zone at $49,500 – $50,000. It then failed to close the daily candle above $48,570, and drop further down to retest below...

The recent boom in institutional interest in Bitcoin and cryptocurrencies might be a fresh sign that the market needs crypto regulations. SEC Commissioner Hester Peirce pointed out that the wide range of investors would also improve price formation.Institutional Interest as the Long-Awaited Sign for Crypto RegulationsUS Securities and Exchange Commission (SEC) commissioner Hester Peirce has said that there is a need for precise cryptocurrency regulation. According to a recent news report, the...