Bitcoin, after rallying to over $10,000 per bitcoin in the last few days, has suddenly crashed back. The bitcoin price lost more than 10% in a matter of minutes yesterday evening, dropping to lows of $8,100 on the Luxembourg-based Bitstamp exchange before rebounding to settle around $8,600. However, an outage on major U.S. bitcoin and crypto
A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors. Bitcoin crossed $10,000 on Friday morning Singapore time, the first time it has hit that price since February, according to data from CoinDesk. The cryptocurrency had
Bitcoin and cryptocurrency investors are gearing up for the long-awaited bitcoin halving this month—which will see the number of new bitcoin entering the market cut by half. The bitcoin price has soared this week and is now a strong contender for 2020’s best performing asset, climbing to over $9,000 per bitcoin for the first time since late
BTC/USD: Bitcoin may hit $10,000 before the halving – eToro Bitcoin is hovering below $9,000, unable to clear the resistance amid heightened market uncertainty and anxiety ahead of the halving. US-China tensions add more fuel to the fire and make traders less inclined to open long-term positions. Instead, many market players prefer to cash out once their
Bitcoin has suddenly soared, surging toward $10,000 and returning the bitcoin market to its pre-coronavirus pandemic bull run. The bitcoin price, up over 30% since the end of March, has almost erased its coronavirus crash losses—and is outperforming the U.S. S&P 500 index as well as most other major markets. Bitcoin leaped higher on Wednesday morning, nudging
Bitcoin prices have been skyrocketing lately, climbing more than 15% over roughly 24 hours and bringing the world’s most prominent digital currency within range of breaching the $9,000 level. The cryptocurrency rose to as much as $8,973.08 this afternoon, CoinDesk figures show. At this price, the digital asset had reached its highest level since early March, and
Altcoins — crypto assets that are not Bitcoin — have done extremely well over the past four weeks. Per data from TradingView.com, after reaching 68%, Bitcoin dominance — the percentage of the crypto market that consists of BTC — has fallen to 64%. It’s a 4% drop that amounts to billions in this multi-billion-dollar asset class.
Crypto investors and hodlers alike are sitting on the edge of their seats, waiting to see what unfolds with the highly anticipated bitcoin halving event that is scheduled to take place mid-May. Since bitcoin’s inception in 2009, the halving (also known as halvening), is an event that takes place roughly every 4 years. During the halving, block rewards are
Contrary to expectations, bitcoin could see a positive performance during a possible bout of global deflation if it acts not just as an investment asset, but as a medium of exchange and a perceived safe haven like gold. The top cryptocurrency by market value is widely considered to be a hedge against inflation because its
The coronavirus-driven economic downturn has prompted Bank of America to revise its price forecast for gold upwards, bringing its prediction to $3,000 in the next 1-2 years. But despite being warring assets, experts believe this may be positive for Bitcoin. In the last few weeks, central banks have flooded the global economy with fiscal stimulus