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“# Chamath Palihapitiya sees Bitcoin as insurance against uncertainty ” Bitcoin’s (BTC) price has risen dramatically over the past days and weeks, recently wheeling past $40,000. An asset largely untied to governmental authority, Bitcoin is a hedge against global uncertainty, according to venture capitalist and billionaire Chamath Palihapitiya. Citing a possible five or 10-year time…
“# Altcoins sell-off as traders jostle to hold Bitcoin price above $40K ” Altcoin’s recent gains have come under pressure as Bitcoin (BTC) price dropped to retest lower support levels after reaching a new all-time high at $41,940. Following Bitcoin’s Jan. 7 push above $40,000, the top cryptocurrency faced selling pressure that saw the price…
“# When is Bitcoin’s macro top? Industry player speculates ” Bitcoin’s (BTC) price momentum recently pushed the asset to almost $42,000 per coin. It has more than doubled in price over the past two months, breaking the previous record highs that it set back in 2017. Podcaster Nathaniel Whittemore recently gave his opinion on methods of…
“# Price analysis 1/8: BTC, ETH, XRP, LTC, ADA, DOT, BCH, XLM, LINK, BNB ” Bitcoin (BTC) again rose to a new all-time high on Friday as bulls continued to buy on every minor dip. As the price reached a new high, Bitcoin’s market capitalization soared above $775 billion, taking it past Facebook’s market cap,…
“# Pension funds are getting in on Bitcoin, according to Grayscale ” Grayscale’s newly-appointed CEO Michael Sonnenshein told Bloomberg Thursday that pension funds and endowments are investing actively into the Grayscale family of funds. He explained: “We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but…
“# Bitcoin bull run could end if institutions go under, Komodo exec speculates ” Famous for its volatility, Bitcoin’s price constantly waffles both north and south. While it recovered quickly from its pandemic-induced drop in March 2020, going on to break record highs, that doesn’t mean the asset is bulletproof against a similar event in…
“# As gold crashes, Jim Cramer says money is ‘all going to crypto’ ” As the price of gold plunged on Friday, CNBC’s Jim Cramer said the rise of crypto may partly explain the sudden disinterest in the precious metal — a potential sign that the mainstream has flipped the script on Bitcoin (BTC) and…
“# The rise of crypto: Bitcoin sets landmarks but alts can go independent ” On Dec. 8, exactly one month ago, Bitcoin was hovering around the $18,700 range, with many analysts debating as to whether the flagship asset would be able to sustain its bullish momentum and cross its all-time high value close to $20,000….
“# As Bitcoin rises above $41K, can Coinbase keep up with the rally? ” Coinbase is under the microscope as the Bitcoin price surged past $41,000 following a minor retrace after topping $40,000 on Thursday. The United States-based crypto exchange is known for experiencing serious connectivity issues during periods of peak trading activity. Indeed, these…
“# Bitcoin price quickly rebounds to reach $41,000 as market cap passes Tencent ” Bitcoin (BTC) returned to $40,000 on Jan. 8 as another price consolidation period ended characteristically briefly. Cryptocurrency market overview. Source: Coin360 Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD quickly rise to recapture the psycholigically significant price level during trading…