The cryptomarket is rallying today from the emergence of a Bitcoin golden cross. Now, the majority of the top ten cryptocurrencies by market cap are in the green according to CoinMarketCap.
JPMorgan analysts are taking jabs at Bitcoin once more. The executives at this major US bank have never been fond of digital currency and blockchain technology. Jamie Dimon, JPMorgan’s CEO, temporarily pulled back on his comments when BTC hit its all-time highs. Shortly after, the coin began to crash, and his skepticism picked up again.
Bitcoin price is showing resilience in the face of adversity. The latest bad news has failed to knock BTC to the floor. So is there a bull run ahead?
Back in 2017, Bitcoin (BTC) and cryptocurrency took the spotlight in the media as investors and Wall Street began to take notice of digital currencies and the blockchain. Many executives in the major global banks shot down digital currencies almost immediately, as Bitcoin was a direct threat to their existence.
Morgan Stanley (NYSE:MS) plans to offer its customers complex derivatives that will be tied to Bitcoin (BTC), Bloomberg reported this morning. The Morgan Stanley Bitcoin derivatives will push the investment bank in the running with its competition currently dabbing in the cryptocurrency space.
Yesterday, First Block Capital Inc, a Canadian blockchain and cryptocurrency investment company, announced that its Bitcoin (BTC) trust has achieved mutual fund status in Canada. Due to this, it allows investors to place funds in registered accounts such as Registered Retirement Savings Plans (RRSP) or Tax-Free Savings Accounts (TFSA).
Cryptocurrency enthusiasts and bulls have been hopeful that the US Securities and Exchange Commission (SEC) will grant the first Bitcoin ETF (exchange-traded fund) this year. However, these bulls have been left disappointed recently as the SEC has handed out a handful of rejections and postponements.
The latest Bitcoin news is that Bitcoin (BTC) has taken a major hit this week and has dragged the rest of the cryptocurrency market down with it. At press time, the total cryptocurrency market is sitting at just above $225 billion, which is $75 billion lower than what it was just two weeks ago.
Bitcoin Price – Bitcoin (BTC) is having a phenomenal 24 hours on the market; a bull run we haven’t seen from the digital currency in months.
A new Bitcoin ranking has been released, and the BTC position might surprise you. Don’t worry, it’s overall placement is still number one by market cap, but China released a new listing of its top blockchains and Bitcoin didn’t fare so well. Spoiler alert – Bitcoin didn’t even make the top ten.
Bitcoin (BTC) is a perfect store of value, but it’s not a Panacea that could solve all the global financial problems, according to Ripple CEO Brad Garlinghouse.
Is Bitcoin (BTC) a real asset or bubble? This question is a continuous discussion. Economists and market pundits have been closely watching Bitcoin mania; some of them are comparing it to teh Dutch Golden Age Tulip Mania, while a few are showing confidence in its future fundamentals.
Bitcoin (BTC) will eventually die: Nobel Prize-winning economist Robert Shiller gave interesting but pessimistic remarks which shatter Bitcoin’s price fundamentals. The Bitcoin price bull-run seems to have paused after increasing skepticism from economist and technical analysts; they continue revealing bearish outlooks for Bitcoin in both the short and the long-run.
John McAfee – who is known for making big price bets, has presented a bullish thesis for the next cryptocurrency market rally. He predicts a few coins – including Bitcoin (BTC) and EOS (EOS) will achieve robust price growths next month, before collapsing in July.
Today, May 22nd, is Bitcoin Pizza Day. What does that mean, you may ask? Well, back in 2010, one of the earliest Bitcoin (BTC) purchases was completed. The purchase was for two Papa John’s pizzas. The price back then? 10,000 BTC.
Bitcoin price (BTC) is crashing instead of rallying: Bitcoin price has failed to generate gains for investors since Warren Buffett, and Bill Gates rejected the cryptocurrency markets two weeks ago. Bitcoin price lost almost $1,800 in the last two weeks.
The bitcoin expert and senior market analyst at eToro, Mati Greenspan, explained that Bitcoin’s behavior is completely normal and that after reaching historical highs of around 20k a drop like the one seen during the first quarter of 2018 was to be expected.
The Bitcoin hashrate is nearing its all-time high, despite market skepticism over Bitcoin’s popularity. The Bitcoin hashrate was at 31.6615 hash per second as of May 1st, 2018, according to data from BitInfoCharts.
Bitcoin price (BTC) rallied 50% last month amid improving trader confidence. The market pundits, however, are predicting BTC price to reach $20,000 by the end of this year. The overall trader’s sentiments and market data have also been supporting bull’s stance. The potential institutional investment and claims for higher adaptation are adding to traders sentiments.
Warren Buffett has never shown himself to be a fan of Bitcoin and other cryptocurrencies. In an interview with Yahoo Finance, Buffett still isn’t jumping on the crypto train.
Earlier this morning, Bitcoin price returned above $8,000 following a slight dip below that price level on Tuesday evening. BTC/USD has been holding steady this week as investors await the next potential breakout. For the past two weeks, Bitcoin gained close to 20%.
2017 was the breakout year for cryptocurrency. Starting at the beginning of the year, the total market cap for all cryptocurrencies was just over $17 billion and at the end of December, it reached just under $600 billion. Bitcoin (BTC), the original cryptocurrency, from the year 2013 to the beginning of 2017, held almost 90% dominance of the total market. Currently, BTC only holds 34.4% dominance. As cryptocurrency gained mainstream attention, Bitcoin slowly started losing the market cap dominance as individuals started buying up the less expensive coins to get their hands in the market. 2018 is shaping up to be the year of the altcoins, as you can see from the chart below. Bitcoin’s growth has slowed since it’s Bitcoin futures contracts launched on two Wall Street exchanges, mid-December. I would like to add, however, that BTC is still up over 1100% for the year in growth. Many who got in early investing in Bitcoin, made a serious profit last year.
Bitcoin (BTC) and other digital currencies started gaining popularity last year following the big tech companies’ interest in blockchain technologies. Moreover, cryptocurrencies’ ability to execute transactions semi-anonymously has added to the popularity. Consequently, people who want their transactions to be hard to trace enjoy the secrecy these digital currencies offer.
If you’re an investor anguishing at the performance of bitcoin lately, there may be more bad news on the way. Today, Goldman Sachs issued a warning against the cryptocurrency, affirming that there is “no doubt” that bitcoin’s meteoric rise over the past year has “pushed it into bubble territory.”
It was once said that opportunity often comes disguised in the form of misfortune. Though it is one of the biggest cryptocurrency hotbeds on the planet, Nigeria’s bitcoin mania actually took off because of an infamous Ponzi scheme that roped in millions of Nigerians from late 2015 to the end of 2016.
The cryptocurrency market has been in turmoil over the past few days, as governments around the world begin to enforce regulations over coin transfers. Bitcoin (BTC) dropped below $10,000 USD on January 17th, for the first time since December 1st (though it is now recovering), and Coinmarketcap has been a sea of red, prompting many reports to describe it as the cryptocurrency ‘bloodbath’. Hyperbolic, maybe, but scary enough if you’ve just invested all the money you were saving up to buy a yacht with.
That’s right, you can now buy KFC’s fried chicken with bitcoin in Canada. The fast-food chain is now accepting the cryptocurrency for a limited time for customers to buy a Bitcoin-themed chicken bucket called the “Bitcoin Bucket”. At the same time, KFC will also place a Facebook-based live tracker of the bucket’s price corresponding to the bitcoin-dollar exchange rate.
Tom Lee, who co-founded the Fundstrat market research company, has publicly stated that the price of Bitcoin will only continue to increase. According to Lee, bitcoin will continue to see growth because millennials have taken such an intense interest in it.
If you’re an owner of Bitcoin and get into traffic issues in South Africa, fear not, because the country now lets you pay your traffic fines with Bitcoin.
Bitcoin can’t occur without Bitcoin mining, and mining can’t occur without electricity – 31 terawatt-hours worth of electricity.
This weekend, Bitcoin hit a record high of just over $11,800 and made billionaires of the US Olympic rowing twins Tyler and Cameron Winklevoss.
Bitcoin’s “mining” network uses more electricity in a year than the whole of Ireland, according to statistics released as the currency broke $9,000 for the first time.