Tag Archives: Bitcoin

If you’ve heard anything about Bitcoin, it’s likely been about its price skyrocketing or plummeting. But, for those who are looking to invest long term, there’s a different question that should be asked—what will one Bitcoin be worth in 10 years? Where Bitcoin Is Going For Bitcoin, no prediction is guaranteed, but an interesting vision shared by MicroStrategy CEO, Michael J. Saylor, is that once Bitcoin passes the market cap of gold, around $11T currently, nothing will stop it. Saylor… Source link

Despite pulling back from recent highs, bitcoin, the world’s largest crypto by market cap, remains above a key long-term technical indicator, which reflects bullish market conditions. Prices are currently at about $46,350 after topping out at $46,453 in the last 24 hours, CoinDesk data show. The crypto is up 57% year to date and is making headway toward its all-time high of $64,829 on April 14. “After a quiet July, we’re seeing a return of retail investors,” said Caroline Bowler, CEO… Source link

Lawmakers and regulators’ increasing scrutiny of crypto markets, including the debate over the U.S. infrastructure bill’s crypto tax reporting provision, may be spooking retail investors but not institutional ones, recent blockchain data from Glassnode indicates.   These larger investors, as represented by large-value dollar transactions, fueled Bitcoin’s nearly 20% price gains since last week, the Berlin-based blockchain data firm found. A number of analysts say the trend shows that… Source link

Bitcoin, the world’s oldest crypto, reached its highest point in almost three months on Saturday before paring back some of the weekend’s gains. Prices have since cooled and are down around 1.5% on a 24-hour basis after reaching a top of $45,300, their highest point since May 18. As of press time, bitcoin is changing hands for around $43,430. Datamish data shows bitcoin’s push to higher price highs (HH) and higher price lows (HL) was precipitated by a short squeeze which saw 126 BTC… Source link

Developers successfully completed a ‘hard fork’ of ethereum on Thursday, essentially changing the underlying code that the cryptocurrency relies on to run. Photo: Jakub Porzycki/NurPhoto via Getty A successful change to the code underlying the world’s second biggest cryptocurrency ethereum (ETH-USD) has helped improve sentiment and drive crypto prices higher. Developers successfully completed a “hard fork” of ethereum on Thursday, essentially changing the underlying code that the… Source link

Bitcoin (BTC-USD) — the world’s first digital currency — has been a hot topic in financial circles for at least the last few years, and arguably needs no introduction. Surveys suggest a majority of Americans have at least heard of it. In layman’s terms, Bitcoin is a virtual currency (aka cryptocurrency) which can be exchanged through online transactions, and is stored on a digital ledger. Once trading for pennies on the dollar, one unit now costs nearly $40,000 with a market… Source link

John King knew his small town of Rockdale, Texas, had landed on the global crypto map when three Chinese bitcoin miners showed up at City Hall unannounced this summer. Then came the phone calls to the city’s Chamber of Commerce, from investors asking about power hookups, to connect mining equipment they planned to ship from China. None had ever stepped foot inside the rural West Texas community, with a population of roughly 5,600 people. “I didn’t have any inkling [about what was happening… Source link

Square (SQ) hasn’t escaped the volatility in bitcoin this year by any means.  The payments platform — which allows the buying and selling of bitcoin via its Cash App — said Monday its second quarter bitcoin revenue clocked in at $2.72 billion. That’s a 23% drop from the first quarter. Gross profit from Square’s bitcoin business tallied $55 million, down $20 million from the first quarter. Year-to-date Square has been forced to take $65 million in impairments related to its bitcoin… Source link

Dogecoin has come a long way since being founded as a joke. The meme coin, as it’s known, has muscled its way into the top eight cryptocurrencies with a market capitalization of USD 26.8 billion. With Doge hovering at USD 0.20, the Dogecoin community has become increasingly bullish on the potential of this meme coin. They are increasingly comparing their favorite cryptocurrency to bitcoin, especially since billionaire Elon Musk showed a preference for Doge, which has fueled a rivalry. Source link

(Bloomberg) — Bitcoin pulled back to $40,000 after climbing over the weekend to the highest levels since May. The largest cryptocurrency was trading at $40,226 as of 8:28 a.m. in London after falling as much as 4.9% Monday. Other virtual coins including second-ranked Ether also fell. Analysts suggested profit-taking lay behind the declines. This is “just a normal pullback following bullish action,” said Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore. The declines… Source link