Bitcoins

‘This is not November 2017’ says Mike Novogratz on bitcoin’s price gyrations

‘This is not November 2017’ says Mike Novogratz on bitcoin’s price gyrations

After bitcoin’s price fell from its highs above $40,000 this past weekend, investors were left arguing about whether that drop to almost $30,000 was an inevitable market correction or a sign of something more sinister. Indeed, liquidations across futures venues soared to more than $3 billion as crypto exchange Coinbase reported persistent technical issues. But Galaxy …

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Billionaire hedge funder Alan Howard is backing a little-known fund that’s buying bitcoin and ether: report

Bitcoin’s market capitalization is nearly 7% that of gold, according to one estimate

Bitcoin’s price jump has inched its market capitalization closer to that of gold — some 6.8% as of January 8, according to data collected by The Block Research. To be sure, the best-guess market cap of all mined gold — an estimated $10.6 trillion, per Gold.org (GoldHub) — dwarfs the market capitalization of bitcoin, which …

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After $40K, this strategist is sure Bitcoin’s $50K milestone is within reach

After $40K, this strategist is sure Bitcoin’s $50K milestone is within reach

Senior commodity strategist for Bloomberg Intelligence, Mike McGlone stated today that Bitcoin’s price has the potential to reach $50,000 and that prospects of the digital asset to revisit old highs around $20,000, were diminishing for Bitcoin. The analyst took to Twitter on 7 January and also said that Bitcoin may be a better asset to …

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What you should know about Bitcoin's growing 1000+ club

What you should know about Bitcoin’s growing 1000+ club

Bitcoin’s improving valuation is currently being matched by the scale of activity in the market. Multiple metrics are indicating change and there is a sense of urgency in the digital asset industry. While every part of Bitcoin’s landscape seems positive at the moment, it is becoming a little tricky to evaluate implications that may manifest …

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Bitcoin's Relationship With Gold Is More Complicated Than It Looks

Bitcoin’s Relationship With Gold Is More Complicated Than It Looks

Earlier this week, JPMorgan published a global markets strategy note that points out that money has flowed out of gold and into bitcoin since October, and predicts that this trend will continue over the medium to longer term. The easy conclusion is that investors are finally understanding that bitcoin is a superior future store of …

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Bitcoin's All-Time High Price Rally Is Sustainable -CoinDesk

Bitcoin’s All-Time High Price Rally Is Sustainable -CoinDesk

While some near-term pricing correction is likely to be expected, analysts who spoke to CoinDesk said bitcoin’s latest rally will be more sustainable for the long term compared with 2017, the last time bitcoin’s price hit an all-time high. One difference from the last bull run? The current market has gained support from a new …

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Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid

Blockchain Bites: Bitcoin’s Run, Uniswap’s Hemorrhaging Value, Anchorage’s Banking Bid

Bitcoin is nearing all-time highs in price and market cap last set three years ago. Anchorage has applied with the OCC for a national bank charter. Community members have proposed a vote to reinstate Unsiwap’s liquidity mining program. Top shelf 15% belowBitcoin traded above $17,000 Tuesday at 12:00 UTC for the first time since Jan. …

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Bitcoin’s price rallied during a week of election uncertainty. Traders say more money is waiting on the sidelines

Bitcoin’s price rallied during a week of election uncertainty. Traders say more money is waiting on the sidelines

As markets continue to digest the 2020 U.S. presidential election’s unique uncertainties, bitcoin traders say there’s capital on the sidelines that could propel the digital currency’s price to further highs. The price of bitcoin has swelled during the past week, breaking through key price levels, including $15,000. Bitcoin isn’t the only crypto trading in the …

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Raoul Pal explains why he isn’t surprised by bitcoin’s correlation to stocks

Raoul Pal explains why he isn’t surprised by bitcoin’s correlation to stocks

Bitcoin’s value proposition in the eyes of investors has changed since its inception.  Over the past decade, investors have touted bitcoin as a superior method of payment as well as a kind of digital gold. Some proponents have highlighted its nature as an uncorrelated asset as one feature that could make it a unique addition …

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Everything you need to know about Bitcoin's 'holy trinity'

Everything you need to know about Bitcoin’s ‘holy trinity’

After a modest drop of 4.85% between October 1st-3rd, Bitcoin‘s daily chart has registered 9 green candles out of a possible 11 candles in the market. A sense of urgency was attached to Bitcoin’s valuation, as the price reached as high as $11,700 on 12th October. With the jump in valuation, other elements were bidding …

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