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Why is bitcoin surging? — Here are 4 possible explanations

If you haven’t heard, bitcoin is back. The digital currency on Thursday booked its eighth winning session in the past 10 and is on track to log four successive winning months — this after recording six losing months in a row, an unflattering record it had never previously achieved. The bitcoin BTCUSD, +4.26%  rally is nearing 100% off

Hackers steal over $40 million worth of bitcoin from Binance

Hackers have stolen over $40 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges, the company said on Tuesday. Binance said the hackers ran off with over 7,000 bitcoin and used a variety of attack methods to carry out the “large scale security breach” which occurred on Tuesday. They also managed to get

Bitcoin Is Suddenly Nudging $6,000 As Ethereum Rockets–Here’s Why

Bitcoin has come close to crossing the psychological $6,000 mark as a so-called crypto spring continues to bolster digital tokens across the board, with ethereum, the world’s second largest cryptocurrency by market value, making double-digit gains. The bitcoin price, which leaped at the beginning of April from around $3,500 to over $5,000, has been steadily marching higher

Here’s What Warren Buffett Just Said About Bitcoin

Warren Buffett isn’t a fan of bitcoin. Not only does he think it’s extremely speculative, but Buffett isn’t a fan of most assets that don’t do anything — this is why you’ll never see gold in Berkshire Hathaway‘s (NYSE:BRK-A) (NYSE:BRK-B) investment portfolio, either. At Berkshire Hathaway’s 2019 annual meeting, Buffett renewed his criticism about bitcoin and explained why it’s

Bitcoin vs. Altcoins, which is a better buy?

The bitcoin market’s bullish bias is looking stronger than other altcoins, according to Josh Rager. The cryptocurrency analyst said Wednesday that bitcoin was among the only crypto assets that managed to jump above a significant resistance level on monthly charts. In contrast, other top crypto assets including Litecoin, Ethereum, and EOS failed to close above a similar

Is Ethereum a buy after Elon Musk’s tweet?

Elon Musk, the playful Tesla and SpaceX chief executive who has set the world of bitcoin and cryptocurrency on fire in the past, has again caused a stir by tweeting about cryptocurrencies—this time it’s the turn of decentralized app network ethereum. Bitcoin and the broader cryptocurrency market has been trading sideways since leaping higher at the beginning of

7 Reasons Bitcoin Price Will Smash Record Highs in 2020

In an interview with CNBC, Lee said the bitcoin price will likely see a new all-time high in 2020, eclipsing the previous $20,000 mark. Lee is famous for inflated bitcoin price predictions, but he backed up the latest forecast with seven key indicators. 1. THE BITCOIN HALVING IS COMING Every four years, the bitcoin block reward

Are Altcoins Ready To Soar?

Now that the Crypto Winter is over it is time to take stock. This is the Crypto Spring, time to get busy. While it is easy to be lured to statements that there are more than 3,000 cryptocurrencies, this is simply not correct. There are roughly 250 meaningful minable, distributed crypto coins. There are lots