Tag Archives: Bitcoin

In not so many words, uber popular money manager Cathie Wood told Yahoo Finance Live billionaire and money manager John Paulson should put a few books about bitcoin (BTC-USD) on his fall reading list because the leading cryptocurrency is here to stay.  “John Paulson made an incredible call during the mortgage crisis. He has been a gold bug, I would say, for most of his career. And many investors who have spent their careers focused on gold cannot understand the digital concept associated… Source link

Over the past month, the crypto market has looked like a rising tide for all coins — but data suggest growth across the asset class hasn’t been equal. Last week, Bitcoin (BTC-USD) breached $50,000 for the second time in two weeks, extending a rally that put a grim sell-off that started in May further in the rear-view mirror. While notable for its volatility, gains in the the largest cryptocurrency may have gotten lost in the swell of rising prices across the entire asset class. With a… Source link

Juan Mayén, a Honduran entrepreneur who’s trying to set up the country’s first crypto exchange. (Photo courtesy of Juan Mayén) Juan Mayén, a Honduran entrepreneur, just opened his country’s first crypto ATM, La Bitcoinera, earlier this week. Located in Honduras’ largest city, Tegucigalpa, inside the building where Mayén works, the ATM is one step forward in the entrepreneur’s goal of giving Hondurans access to cryptocurrency markets. Since El Salvador’s president Nayib Bukele first… Source link

Bitcoin crested above $50,000 on Monday, benefiting from simultaneous supply chain shortages and a crackdown from Chinese regulators – putting bitcoin mining on par with profits near the coin’s April all-time-high.  Now, building infrastructure for the energy-intensive business poses the greatest challenge for companies and individuals hoping to reap big money. That means finding cheap and reliable energy sources, striking deals and building out mining facilities. “Throughout the summer,… Source link

Governments can’t stop cryptocurrencies, but they can make it much harder to access them. So it would make sense that unfriendly government policies in the world’s largest economies would play a role in driving down the price of bitcoin. As a case in point, in the few days after China reiterated its crypto crackdown in May, bitcoin at one point plunged by as much as 30%. The drop was another reminder that when China speaks, the market listens. The U.S., it seems, not so much.  This month,… Source link

Benzinga has examined the prospects for many investor favorite stocks over the past week. Last week’s bullish calls included big tech stocks and a rare earth materials producer. Cryptocurrency and the leading electric vehicle maker were among the bearish calls seen. The past week was another rough one on Wall Street, with the tumult in Afghanistan giving investors something new to worry about, in addition to the ongoing concerns about the Delta variant, China, inflation, Federal Reserve… Source link

Cryptocurrencies are ending the week on a strong note as bitcoin broke above $48,000 for the first time since May. The world’s largest cryptocurrency is up about 4% over the past 24 hours and could face resistance near $50,000-$55,000 heading into the weekend. On Thursday, Coinbase announced that it will purchase more than $500 million in cryptocurrencies to add to its holdings. The crypto exchange’s CEO, Brian Armstrong, also tweeted that Coinbase will invest 10% “of all profit going… Source link

The crypto community — but most of all, the Bitcoin (CRYPTO: BTC) community — is pointing out the disastrous consequences of the Richard Nixon administration’s decision to take the dollar off of the gold standard in 1971, exactly 50 years ago. What Happened: The Bitcoin community caused the #wtfhappenedin1971 hashtag to go viral on Twitter Inc.(NYSE: TWTR) to attract public attention to the damage that fiat money has done to the world’s economy. A website dedicated to sharing data of the… Source link

Bitcoin (BTC-USD) may be holding above $46,000 Monday, but one prominent Wall Street strategist is still somewhat skeptical of the cryptocurrency. At a recent Yahoo Finance Plus webinar, Liz Ann Sonders, chief investment strategist at Charles Schwab, explained her principle misgiving about bitcoin, being careful to emphasize she doesn’t completely dismiss the cryptocurrency altogether. “I am an admitted skeptic to some degree. I’m not on either end of the spectrum — meaning I’m a skeptic,… Source link

Bitcoin Bitcoin, BTC to USD, rose by 7.40% in the week ending 15th August. Following a 9.83% gain from the previous week, Bitcoin ended the week at $47,022.0. A mixed start to the week saw Bitcoin fall to a Monday intraweek low $42,790.0 before making a move. Steering clear of the 38.2% FIB of $41,592 and the first major support level at $38,991, Bitcoin rallied to a Saturday intraweek high $48,141.0. Bitcoin broke through the first major resistance level at $46,923 to end the week at $47,000… Source link