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3 Cryptocurrencies That Ran Circles Around Bitcoin in 2020

It’s been an exceptionally volatile year for equities due to the unprecedented uncertainty created by the coronavirus pandemic. Nevertheless, it’ll probably go down as a largely positive year for investors. After losing more than a third of its value during the first quarter, the benchmark S&P 500 is now on track to deliver gains of more than

Bitcoin price correction continues, dashing hopes of $20K in 2020

Bitcoin (BTC) continues to be in correction mode with BTC price dropping below $17,600 on Dec. 11, the lowest level since November. Bitcoin in a downtrend on lower timeframes Every beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more than 10%

Bitcoin will eat gold’s market share, according to JPMorgan

Growing mainstream acceptance of Bitcoin (BTC) as a reserve asset is having a direct impact on gold, setting the stage for a major shift in institutional allocation between the two assets, according to analysts at JPMorgan Chase. Quantitative strategists, including Nikolaos Panigirtzoglou, believe that Bitcoin’s digital gold narrative will draw investors away from precious metals, possibly for

Will the Bitcoin Price Rally Last This Time?

The recent rally in Bitcoin price (BTCUSD) has left investors with an important question: Will the rally last? The quicksilver nature of cryptocurrency markets makes it difficult to answer that question with clarity. Bitcoin’s 2017 rally transmuted into a prolonged slump less than a year later. While analysts and commentators have stepped up with optimistic predictions, it is far

Forget bitcoin. These cryptocurrencies are surging even more

The dramatic rise in bitcoin may seem overly speculative. Yet bitcoin has actually lagged the surges for some other cryptocurrencies. While bitcoin has soared 15% in the past week to hit a new all-time high just under $20,000, ethereum — the second-largest crypto after bitcoin — is up more than 20% in the past seven days. Meanwhile XRP, the third-largest cryptocurrency,

Bitcoin price tanks from near all-time high

Bitcoin tanked Thursday as its price came within striking distance of an all-time high. The price of bitcoin was trading at $17,185, down $794, or 4.42%, at 7:15 a.m. ET. The cryptocurrency hit an overnight low of $16,581.20. Thursday’s selloff comes after the cryptocurrency during the prior session touched a high of nearly $19,391, just 0.54% below its

Bitcoin soars again after BlackRock says it could replace gold

Bitcoin is often referred to as digital gold. And now a top strategist at the world’s largest asset management firm says the cryptocurrency could one day replace the yellow metal as a go-to safe haven investment. Bitcoin prices surged 4% Friday to above $18,700 — inching closer to the all-time high of just under $20,000 from December 2017 — after BlackRock (BLK)’s