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
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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
Although the Bitcoin price declined sharply in response to the World Health Organization’s declaration of COVID-19 as a pandemic last month, interest in the crypto asset from the general public is not lost. In fact, some Americans are taking their $1,200 stimulus checks and using them to buy Bitcoin and other cryptocurrencies. Sharp moves in
Bitcoin (BTC) maintained $7,000 despite strong resistance on April 20 as oil crashed through fresh support levels towards $10. Heading into what promises to be a choppy week for traditional markets, here are five things to watch for Bitcoin traders in the coming days. Cryptocurrency market daily overview. Source: Coin360 BTC price resistance Data from Coin360
Ethereum is up close to 15% and it broke many hurdles against the US Dollar. ETH price settled above the $170 level and it is facing a key resistance near the $175 level. Ethereum rallied more than 10% and broke many resistances near $165 and $170. The bulls pushed the price towards the next key
Billionaire Mark Cuban has always been cautious when it comes to bitcoin – despite being an investor in businesses built on cryptocurrency and even personally investing in bitcoin himself, he frequently warns others to be careful because he finds it to be a gamble. Cuban has gone as far as to say he would “rather have bananas than bitcoin” because at least as food
Bitcoin (BTC) ultimately stands to go parabolic after the coronavirus ends, the author of the world’s bestselling personal finance book says. In a tweet on April 15, Robert Kiyosaki, who penned “Rich Dad Poor Dad,” argued that the coronavirus pandemic was “great” for Bitcoin. Kiyosaki: BTC among “best investments” The largest cryptocurrency, which has broadly stabilized since