bitcoin / 367 posts found

3 reasons traders now expect Bitcoin hitting $13K before a new rally

by crypto journalist
The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback. There are three main reasons why traders expect a deeper drop to occur in the near future, namely,  historical cycles, the Fibonacci Sequence, and the record-high open interest of the futures market. Historical cycles hint at deeper BTC correction BTC price frequently saw 20% to 30% drops in past bull markets like the rally to nearly $20,000 in 2017. Although the rally continued afterward, major corrections occurred […]

Bitcoin History: Libertarianism and the Economy’s ‘Final Boss’ – CoinDesk

by crypto journalist
In the great game of the world economy, the final boss victory for crypto would be to rob nation-states of the ability to issue legitimate money – at least, that would be the libertarian win condition. In Byrne’s view, libertarianism is a close cousin of the original philosophical core of crypto: cypherpunk. Cypherpunks want control over how much anyone knows about them, but libertarians have a more profound agenda: They want to eliminate coercion of any kind. So it makes sense that libertarians would gravitate to a technology that undermines nation-states’ ability to mandate which money we all use with […]

How One Tech Writer Threw Away $14.8 Million Dollars In Bitcoin Along With His Old Hard Drive

by crypto journalist
You’ve probably heard of Bitcoin, even if you’re not sure what it exactly is. It’s a cryptocurrency that’s been around since 2009, where “miners” obtain the currency by spending electricity and processing power to carry out the complex calculations needed to mine them. Since Bitcoins are a finite resource, their value has been appreciating for years, from $1,000 at the end of 2016 to over $10,267 now. So, it’s heartbreaking that someone owned a literal fortune in the cryptocurrency, and then accidentally threw it all away. Campbell Simpson, the Technology Editor at Gizmodo Australia, narrated the tragic tale back in […]

Record GBTC discount may spark $100K Bitcoin price rise — analyst

by crypto journalist
History repeating itself have the potential to spark a 2-4X BTC price run, data covering the GBTC premium suggests. Bitcoin (BTC) could be in for a $100,000 bull run next if a classic signal from institutions repeats its historical trend. In a tweet on March 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that those seeking clues about what lies next for Bitcoin should look at the Grayscale Bitcoin Trust (GBTC). Negative premium “could signal march to $100,000” As Bitcoin fell to $43,000 and continued to linger below all-time highs thereafter, the so-called “premium” on GBTC flipped negative. […]

Bitcoin Touches $18K, Crypto Asset Looks to Smash All-Time High, ETH Price Could Spike 20x

by crypto journalist
On Wednesday, November 18, 2020, the price of bitcoin has been coasting along at levels not seen since the decentralized currency’s all-time high three years ago in 2017. The cryptocurrency’s market capitalization is currently hovering at around $334 billion today. Likewise, the daily rate of bitcoin issuance during the last three years makes the overall market valuation higher than it was when bitcoin touched $19,600 per coin. Earlier this morning (EST), bitcoin (BTC) had surpassed the $18k per unit price zone, as the crypto asset has climbed a whopping 54% during the last 30 days. During the last 90 days […]

Bitcoin near three-month lows after tepid response to NYSE owner’s futures – Reuters

by crypto journalist
LONDON/NEW YORK (Reuters) – Bitcoin struggled on Wednesday to recover from the three-month lows it reached a day earlier, moves that traders blamed on a lukewarm reception for a futures product from the owner of the New York Stock Exchange. FILE PHOTO: People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019. REUTERS/Anton Vaganov/File Photo Bitcoin, the biggest cryptocurrency by market capitalization, fell 2% to $8,364 in early trading. It plunged as much as 15% on Tuesday, briefly breaching $8,000, in its biggest one-day drop since July 16, before recovering some […]

Can’t Keep a Good Dog Down: Meme Token Dogecoin Spiked Over 500% This Year | Altcoins Bitcoin News

by crypto journalist
Can’t Keep a Good Dog Down: Meme Token Dogecoin Spiked Over 500% This Year The leading cryptocurrency bitcoin has crossed new all-time highs (ATH) in 2020 and into 2021 as well. However, many other digital assets have a long way to go to reach the ATH they experienced three years ago in 2017. Although one particular older cryptocurrency, the popular meme token Dogecoin is nearing its 2017 ATH, well before a large slew of older coins. Dogecoin’s yearly gains have even outpaced bitcoin’s gains by rising more than 535% during the course of the year. A great number of cryptocurrencies […]

Bitcoin stolen in hack on NiceHash cryptocurrency mining marketplace

by crypto journalist
Hackers may have gotten away with $60 million worth of bitcoin after a cyber attack hit the cryptocurrency mining platform NiceHash. Users highlighted the cyber breach on Reddit and Twitter Wednesday, with some saying they could lose hundreds of dollars.

The Real Price of Bitcoin? According to Morgan Stanley, It’s Zero

by crypto journalist
Real Price of Bitcoin On the morning of December 27, 2017, bitcoin was worth slightly more than $15,400. But Morgan Stanley analyst James Faucette said the real price of bitcoin might be $0. Business Insider reported that Faucette had sent out a note to Morgan Stanley clients before Christmas suggesting that the cryptocurrency’s true value could be zero, based on the fact that only few online retailers accept bitcoin, and that the number of retailers that do accept it is shrinking. “If nobody accepts the technology for payment then the value would be 0,” Faucette said in his analysis. Bitcoin […]

Bitcoin ATMs are coming to a gas station near you

by crypto journalist
(Reuters) – A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: a brightly-lit bitcoin ATM, where customers can buy or sell digital currency, and sometimes extract hard cash. FILE PHOTO: A LibertyX Bitcoin ATM is seen at the Grassy Point Bar & Grill in Broad Channel, New York, U.S. March 8, 2021. REUTERS/Lauren LaCapra The machines have multiplied quickly through the United States over the past year, fueled by a frenzy in crypto trading that sent bitcoin prices over $58,000. Kiosk operators such as CoinFlip […]