Tag Archives: News

Bloomberg’s Mike McGlone has emerged to mention that the price of bitcoin could potentially reach $170,000 come 2022.McGlone Is Always There When Bitcoin SpikesMcGlone is a leading expert when it comes to bitcoin and the price trends its follows. He commented in a recent interview that over the past year, bitcoin has followed a specific pattern of adding a zero to its price following every 12 months. For example, he comments that bitcoin ended 2019 in the $7,000 range. Now, it is trading for...

As of late, everyone appears rather bullish on bitcoin considering the asset just rose past $18,500 – the highest it’s been in roughly three years. While everyone is positive that the currency is likely to keep on shooting up, many people have different reasons for believing this, and for BlackRock’s CIO of fixed income Rick Rieder, the reason is millennials.Millennials Are Why Bitcoin Is Doing so WellMillennials are members of a younger generation that allegedly spent their teen years, or...

No doubt bitcoin has had a rather solid year thus far, but it looks like things may be on the verge of exploding even further. The currency has doubled its price in the last six months and has recently surpassed its market capitalization from 2017.Bitcoin Is Surging Like Never BeforeMany analysts believe the asset could be on the verge of reaching a $1 trillion value. One of these figures is Bloomberg Intelligence senior commodity strategist Mike McGlone, who in an interview said:$20,000...

ADA price is gaining momentum and it is trading well above the $0.1500 resistance against the US Dollar.The price is trading above the $0.1700 level and the 55 simple moving average (4-hours).There is a key connecting bullish trend line forming with support near $0.1540 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher above the $0.1800 and $0.1850 resistance levels.Cardano price is gaining a strong bullish momentum above $0.1500 against the US Dollar, while...

Ethereum price is gaining pace above the $580 and $600 resistance levels against the US Dollar.ETH price is currently trading well above $600 and the 55 simple moving average (4-hours).There are two key bullish trend lines forming with support near $560 and $520 on the 4-hours chart (data feed from Coinbase).The pair is likely to accelerate higher above the $620 and $625 resistance levels.Ethereum price is trading in a nice uptrend above $600 against the US Dollar. ETH/USD is likely to...

The CEO of Visa – Alfred Kelly – is weighing in on where he sees bitcoin going in the next few months.Kelly: The Payment World Is About to Really Open UpNo doubt bitcoin has had a rather strong year (it’s probably been the only thing that’s remained strong throughout 2020). Things aren’t necessarily looking up for cash, checks and other traditional payment methods once the coronavirus is dead and gone. Kelly believes that the world is likely going to transition to digital payments in such a...

Many people keep thinking bitcoin could reach its all-time high of roughly $20,000 by the end of the year. Another analyst at Citibank published a new report claiming that bitcoin could potentially reach a price of $318,000 by the end of 2021. Clearly, everyone thinks the future of bitcoin will be a bright one, but for another person – Ark Investment CEO Cathie Wood – bitcoin is truly the future of money, and all these other predictions are being trumped by her belief that the cryptocurrency...

It looks like bitcoin has found another big fan. The second-richest person in Mexico – Ricardo Salinas Pliego – says he has just made a major investment in the digital currency, but it looks like it wasn’t FOMO or even a newfound love of crypto that inspired him to get involved. Rather, it was fear of his own government.Pliego Has Ten Percent of His Portfolio in BTCThis year has been negative in many ways, though it can easily be said that 2020 was the year for bitcoin. The currency has...

Stellar lumen price is showing a lot of positive signs above $0.1000 against the US Dollar.XLM price tested the $0.1120 resistance zone and it is now well above the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $0.1090 on the 4-hours chart (data feed via Kraken).The pair could correct a few points, but dips are likely to be limited below $0.1000 and $0.0980.Stellar lumen price is trading in a bullish zone above $0.1000 against the US...

Ripple price started a strong increase above the $0.3000 and $0.3550 resistance levels against the US dollar.The price gained over 40% in the past few days and settled above the 55 simple moving average (4-hours).There is a key bullish continuation pattern forming with resistance near $0.4740 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to start another surge if it clears the $0.4750 and $0.4800 resistance levels.Ripple price is trading in a nice...