Tag Archives: btcusd

Bitcoin is currently trading at around $38,200 as it pulls back slightly after blasting past $40,000 during late trading on Thursday, January 7. At current prices, the asset is up 33% since the same time last week and it still doesn’t look like it is ready to correct yet.Looking at centralized exchange movements could indicate when the inevitable correction will occur and eToro’s Mati Greenspan has observed that Bitcoin volumes across exchanges have just doubled its previous all-time...

Bitcoin has broken yet another massive milestone. Just moments ago, the price managed to hit the coveted $40,000 mark for the first time in history.Bitcoin’s price shows absolutely no signs of slowing down from the incredible parabolic move.Moments ago, it managed to hit the significant milestone, breaking the coveted $40,000 mark.This makes for a daily increase of around 14%.BTC/USD, $40K on Bitstamp. Source: TradingViewAs CryptoPotato reported earlier today, a senior Bloomberg strategist,...

Mike McGlone, Bloomberg’s Senior Commodity Strategist, believes that bitcoin appears as a better investment opportunity than gold as of January 2021. The intelligence analyst said that it’s more likely BTC to reach $50,000 per coin than retrace to the old highs of about $20,000.Bitcoin Better Than Gold?Bloomberg’s strategist is among the few mainstream analysts that had remained bullish on BTC even when cryptocurrency was struggling during the year-long bear market in 2018. When the asset has...

Following the latest price developments for bitcoin, the cryptocurrency’s market cap has entered the top ten assets by market capitalization. More recently, BTC has closed the gap with Elon Musk’s electric vehicle and clean energy company, Tesla.Bitcoin Nears Tesla’s Market CapThe cryptocurrency has been on a remarkable run since October 2020. It ended last year with gains of over 300% after finally managed to break above $20,000 and head into uncharted territory.So far, bitcoin has continued...

Bitcoin saw another 7% price increase today, sending the primary cryptocurrency to a fresh ATH above $38K. One can barely believe the fact that only three days ago, on Monday, Bitcoin recorded a daily low below $28K. And now, as of writing these lines, it gained roughly $10K. The latter was the value of Bitcoin before the current parabolic run that started in the middle of October 2020.On the smaller timeframe, last Monday, BTC had rebounded retesting the critical support at $30,000 –...

A few years after questioning bitcoin’s role in the financial markets, the former Federal Reserve governor Kevin Warsh has changed his mind, saying that owning BTC “makes sense” now.Furthermore, he breached the decade-old comparison between bitcoin and gold and said that the cryptocurrency is taking portions of the yellow metal’s market share.Former Fed Governor Changes His Mind On BTCThe primary cryptocurrency has a history of changing people’s minds. Previous examples include...

The situation in the cryptocurrency market is currently as exciting as it has ever been. Bitcoin is charting new highs daily, altcoins are also starting to see some notable gains, resulting in massive growth for the entire market.For the first time ever, the market did something that not a lot of people believed in back a few years ago – it reached a total capitalization of $1 trillion.The Four Comma ClubIt took some time, but the cryptocurrency market capitalization has finally hit the...

The last hour saw massive volatility on the cryptocurrency market, which coincided with serious tension and protest in the US Capitol. Ultimately, after a tumultuous hourly candle, Bitcoin managed to break $36,000 and chart a brand new all-time high.Bitcoin’s price saw serious volatility during the last couple of hours. It went on a roller-coaster, dumping to a low of about $34,300 on Binance.Ultimately, the price surged right back and is currently trading above $36,000 to mark a brand new...

US investor, fund manager, and philanthropist Bill Miller believes that the global economic situation could drive large corporations to allocate more funds into bitcoin. The former Chairman and CIO of Legg Mason Capital Management said that the BTC adoption curve is very yearly, although the asset’s market cap has surpassed some prominent names.Rat Poison But For Cash; Miller SaysThe 71-year-old investor is among the most well-recognized and respected hedge fund managers, known for managing a...

Anthony Scaramucci, the founder of the global investment firm SkyBridge Capital that recently launched a Bitcoin fund, envisions massive gains for the cryptocurrency. Furthermore, the former investment banker at Goldman Sachs said that BTC is “better at being gold than gold is.”Bitcoin Is The Better GoldApart from founding his own investment company and working in the financial sector, Scaramucci also served as the White House Director of Communications briefly in 2017.More recently, he has...