Tag Archives: bitcoins

The flash crash has not deterred institutional investors. Photo: AP Major cryptocurrencies were down on Wednesday morning as a flash crash in the price of bitcoin earlier this week wiped out over $200bn from the market. Bitcoin (BTC-USD) was down 1.7% to trade at $42,223 (£30,913) at the time of writing and is trading at levels not seen since August, while ethereum (ETH-USD) fell 8.3% and was trading at $2,920. “Over the last few days, bitcoin has been on a downward spiral after sentiment… Source link

A PayDepot Bitcoin ATM machine is pictured in a shop in Union City, New Jersey, US. Photo: Reuters Cryptocurrencies were broadly higher on Friday but bitcoin remains below the $50,000 (£36,462) mark amid mining difficulties. Bitcoin (BTC-USD) hit a three-month high above $50,000 on Monday. It was up 0.7% on Friday morning but was trading at $47,271. Ethereum (ETH-USD), the second biggest crypto by market cap, ticked up 0.8% to trade at $3,114. Forbes reported that “mining difficulty”, a score… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 24, 2021 A ‘maximalist’ vision of bitcoin means every company will be a crypto company. Oh what a difference a summer makes. Bitcoin’s (BTC-USD) slow but steady rebound from its spring lows saw the crypto unit top $50,000 on Monday, with the latest move greased by PayPal’s (PYPL) announcement that it would let U.K.-based… Source link

Bitcoin’s (BTC-US) bulls and bears have been more active than ever this year as the cryptocurrency hovers around $46,000. Notable heavy hitters have publicly talked up — or down — the coin as it soared to new highs earlier this year.  Tesla (TSLA) and SpaceX founder Elon Musk is arguably the most notable crypto bull, and his tweets can move the coin’s price. Bitcoin spiked earlier this year when Tesla initially announced it had bought bitcoin and would soon be accepting it as… Source link

One early bitcoin (BTC-USD) investor has crunched the numbers on the crypto, and thinks it’s looking mighty undervalued at the moment.  “We did a study showing the number of people using bitcoin over the years and price of bitcoin. Both of those data series went up by an order of magnitude every two years. If that kept going, that would put bitcoin at $700,000 when everybody with a smartphone uses it. Ten years time is a reasonable forecast,” Pantera Capital founder Dan Morehead said on Source link

TipRanks 3 “Strong Buy” Stocks Trading at Rock-Bottom Prices When a stock’s price falls into the doldrums, it’s tempting to just avoid those shares. After all, rock bottom prices usually happen for a reason, and those reasons are usually not good for the stock’s prospects. But there are times – more frequent than most would guess – that this common wisdom runs counter to the facts. Because the fact is, many fundamentally sound stocks can and do see periods of falling share price…. Source link

(Bloomberg) — The 2021 Bitcoin bubble is deflating and hitting a $1.3 trillion industry built on to-the-moon speculation and rampant leverage. The damage from the latest selloff is spreading across the world of crypto loans, options and futures — wiping out money-spinning strategies from the famous basis trade to yield farming. Even with Wednesday’s rebound, Bitcoin at around $31,700 is still trading near the lower end of its range over the past two months, and down about 50% from the April… Source link

An analyst who predicted the bitcoin mid-May price slide says the cryptocurrency’s current range play is likely to be resolved on the higher side. “The consolidation phase itself is neutral, but we think a breakout is more likely than a breakdown,” Katie Stockton, founder and managing partner of Fairlead Strategies, said in a research note published on Monday. “Intermediate-term momentum has been improving based on the MACD histogram.” Bitcoin has been trading between $30,000 and… Source link

Taproot, the most significant improvement to Bitcoin’s protocol in years, now has enough mining support to lock in activation. According to the parameters set forward by “Speedy Trial,” if at least 90% of the blocks mined in any of the designated 2-week difficulty periods “signal” their support for the upgrade, then the activation process can begin. To be more precise: 1,815 out of 2,016 blocks mined within a period have to include a little piece of encoded information that… Source link

On Sunday, Salvadoran President Nayib Bukele tweeted out his new profile picture. It featured the popular, young upstart standing at a podium with a bitcoiner’s blood red laser eyes (instead of the usual statesman’s stare). In the background stand a few national guardsmen.  The day before, in a pre-recorded video screened to the 12,000 attendees of Bitcoin Miami, the 39-year-old president announced he had drafted a bill to present to the nation’s legislature to make bitcoin an official… Source link