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 (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%
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
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
Didi Taihuttu, his wife, and three kids bet all they have on bitcoin. In 2017, CNBC spoke to the Dutch family of five when they were in the process of liquidating their assets — from a profitable business and 2,500-square-foot house, to their shoes — and trading it all in for the popular cryptocurrency and a
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 has come a long way since bottoming out below $4,000 in March. The cryptocurrency clocked a record high above $19,900 early Tuesday and is up nearly 170% this year. While institutional participation has increased, a large part of the retail crowd may have stayed away from the market. For that group, the fear of missing out (FOMO)
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 (BTC-USD) is back. The most popular cryptocurrency has breached $19,000 and is approaching the record high it touched in 2017, before a spectacular crash. Longtime bull Mike Novogratz said bitcoin is a solid buy for everyday investors. “Bitcoin is for everyone,” he said in an interview with Yahoo Finance Live. “Everyone should put 2%
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