Despite still-booming institutional adoption, the price of the world’s largest cryptocurrency is tanking Thursday morning as analysts warn of massive volatility on the horizon, pushing bitcoin’s losses to nearly 15% since an all-time high on March 13. Bitcoin prices, however, are still up nearly 700% over the past year. Key Facts As of 11 a.m. EDT, the price of bitcoin has tanked 9.4% over the past 24 hours, pushing its market capitalization down to about $970 billion, from nearly $1.1 trillion at the same time Wednesday, according to crypto-data website CoinMarketCap. Analysts are pinning the losses to nearly $6 billion […]
Bitcoin on Exchanges Drop to Lows Not Seen Since 2018, Long-Term Holders Realize Profits According to data, bitcoin balances on exchanges are shrinking a great deal and have dropped to levels not seen in two years. Arcane Research detailed that charts showing the number of bitcoin leaving exchanges has seen a sharp decline and has been “one of the main stories of the year.” Meanwhile, onchain metrics indicate a number of older coins are being sold as bitcoin’s value increases. Bitcoin Held on Exchanges Drops by 21% Since February In 2020 there’s a lot of cryptocurrencies held on exchanges, however, […]
Bitcoin Price Drops 17%, Large CME Futures Gap Filled, BTC Spot Markets Rebound On January 4, 2020, the price of bitcoin slid to the lowest point of the year dropping from Sunday’s high of $33,800 per unit to $27,734 a few minutes after 5 a.m. (EST). In fact, the price dip filled CME Group’s large futures gap after the regulated exchange has seen six consecutive gaps since the run-up. Meanwhile, a number of other cryptocurrencies have seen significant gains and they did not drop as much as the leading crypto asset. Bitcoin (BTC) prices took a hit on Monday morning […]
“We plan to hold this Bitcoin investment for many years and we’ll wait for all of our members in our new 10X service to be able to buy before we do.” Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin with the expectation that it will rise to $500,000. Announced earlier today via a blog and Twitter post, the firm stated it won’t be “buying overpriced ETFs” but will be “buying Bitcoin directly.” Currently ranked fifth globally in the investing category according to SimilarWeb, and with 87 million website visits a month, The […]
American financial advisor Suze Orman says she loves bitcoin. She has provided some advice on how to invest in the cryptocurrency a month, noting that she prefers to buy bitcoin through Paypal’s crypto service because the payments giant has made it easy to do so. Suze Orman Loves Bitcoin Suze Orman said she loves bitcoin in an interview with Yahoo Finance published Friday where she shared her bitcoin investing strategy and advised listeners how they should start investing in the cryptocurrency. She founded the Suze Orman Financial Group in 1987 and her Suze Orman Show ran on CNBC from 2002 […]
(Bloomberg) — The U.S. Securities and Exchange Commission disapproved the last proposal for a Bitcoin exchange-traded fund, likely destroying any remnants of hope from digital currency fans that a fund would get the green light this year. The SEC denied an application Wednesday by Wilshire Phoenix and NYSE Arca Inc. to list a fund that wanted to mix Bitcoin and short-term Treasuries, according to an order posted on the regulator’s website. Bitcoin dropped more than 6% to about $8,819 as of 4:13 p.m. in New York. “The Commission concludes that NYSE Arca has not established that the relevant Bitcoin market possesses a resistance to manipulation […]
Bill Miller says bitcoin becomes less risky the higher the price goes Published Fri, Jan 8 20212:12 PM EST This content was originally published here.
The U.S. Tesla website showing Bitcoin as a payment option. Having stunned the market with its audacious bet on Bitcoin earlier this year, Tesla Inc. will now start accepting the world’s largest electronic currency as payment for its electric cars. Chief Executive Officer Elon Musk on Wednesday tweeted that “you can now buy a Tesla with Bitcoin” and that paying by Bitcoin will also be available to customers outside the U.S. later this year. He added that Tesla will only use internal and open-source software and that any Bitcoin paid to the company will be retained as Bitcoin and not […]
Elon Musk says people can now buy a Tesla with bitcoin Published Wed, Mar 24 20213:31 AM EDT This content was originally published here.
Elon Musk announced via a thread on Twitter that Tesla has begun accepting Bitcoin as a form of payment. The Tesla and Space X founder said Tesla be using “only internal and open source software” and that it “operates Bitcoin nodes directly.” Nodes, according to CNBC, are computers that secure and verify Bitcoin transactions. Additionally, “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.” Paying with Bitcoin, said Musk, is only possible in the US at the moment, but he hopes to expand the payment method to the rest of the world soon. Earlier this […]