Crypto markets were awash in a sea of red after the release of unexpected figures for the Consumer Price Inflation (CPI) index. Bitcoin was down by almost 6% from its price 24 hours ago and trading at $20,964.21. Ethereum tumbled by 9% and is changing hands at $1,583.35. The overall market capitalization of cryptocurrency markets 5.1% to $1 trillion. CPI rose by 0.1% and declined … Continue reading Notes 9/13: Bitcoin Falls On Weak CPI Data, ETHW Sputters to Life, and the Max Pain of Mining Crypto
For Bitcoin and the larger crypto ecosystem, this summer wasn’t a particularly warm one. In fact, a series of bankruptcies and scandals by major players crashed the ecosystem and prices plummeted. Bitcoin price has fallen by roughly 13% from the start of August and the overall market cap for cryptocurrencies declined by 8.1% to $992 billion in the same period, based on data from Coinmarketcap. … Continue reading What Will September Bring for Bitcoin and Crypto Markets?
The Federal Reserve’s announcement of a 0.25% increase in interest rates (and a promise of further hikes down the road) is expected to influence future price trajectories of assets. How do the rate hikes affect Bitcoin price? Immediately after the hikes were announced, Bitcoin price jumped by 4% overnight. Ethereum’s ether, the second-biggest cryptocurrency by market capitalization, registered an even steeper 7% increase. Cryptocurrency markets … Continue reading How Will Fed Rate Hikes Affect Bitcoin Price?
In a dramatic reversal, prices for Bitcoin and other cryptocurrencies crashed earlier this week after several months of new price records. The decline started last week after Tesla chief executive and Bitcoin supporter Elon Musk tweeted that the company was stopping Bitcoin purchases because the cryptocurrency was not environment-friendly. Even as there was debate between the cryptocurrency’s enthusiasts and critics, traders had already made up … Continue reading Bitcoin Price Crashes. Again.
The pandemic shutdown has thawed the winter of Bitcoin’s price. The cryptocurrency’s price, which has been lost in a moribund meander since last year, has decisively moved upwards since the pandemic began. It has skyrocketed by more than 140 percent, from $4,944 in mid-March, when the global economy began shutting down, to $12,350, as of this writing. As has often happened in the past, the … Continue reading Bitcoin Gains Currency As Investment Option In Weakened Economy
It is spring in the middle of winter. Bitcoin price, which floundered in the $7,000 range for most of December, is decisively marching towards $10,000 this month. The last time that it traded at that price level was in September last year. As of this writing, the original cryptocurrency is changing hands at $9,299.72 per pop, up approximately 3.2% from yesterday’s price. The increase is … Continue reading Bitcoin Price Jumps Towards $10k
Call it the Libra effect. Bitcoin price rallied and broke past the $9,000 mark in the breathless run up to Facebook’s announcement of Libra, its cryptocurrency and blockchain, to provide banking services in emerging markets. There was an impressive 23% increase in its price within a week. (For those keeping count, the cryptocurrency is up by more than 150 percent since the beginning of this … Continue reading How Did Libra Affect Bitcoin Price and Facebook Stock Price?
Will bitcoin price cross $50,000 in the next year? Some bullish investors seem to think so and have purchased options to back up their claim. According to a WSJ report, an unidentified investor has bought 30 options worth approximately $4,500 expiring in June 2020. The options have a strike price of $50,000. In simple words, this means that the investor is betting that the price … Continue reading Crypto Options Traders Target $50,000 Bitcoin Price For Next Year
In the last week, Bitcoin price has spiked by 39%. In monetary terms, the increase translates to a jump of approximately $2,000. The cryptocurrency’s gains are even more impressive when you consider its low of $3,497 in January this year, the current price representing a 90% increase from the start of this year. So, does the latest price jump mean that Bitcoin is on the … Continue reading Bitcoin Price Rises Again: False Alarm or Start of Another Bull Run?
After a mostly sideways movement in overall valuations since the last week of February, cryptocurrency markets are showing signs of life again. In the last one week, the market capitalization for cryptocurrencies has jumped by approximately $9 billion to $139.6 billion, as of this writing. Trading volumes in the market remain the same. Most of those gains have come from a surge in Bitcoin’s price. … Continue reading Bitcoin Price Shows Signs of Life
Bitcoin price, which has been in the doldrums this year, jumped in the last week on the back of a series of positive pronouncements. The original cryptocurrency, which had been mired in a range below $3,500 since the middle of January, broke past that barrier and is currently flirting with $4,000, a figure it last touched at the beginning of December. Ethereum, a cryptocurrency which … Continue reading Bitcoin Price Jumped in the Last Week. Is Crypto Back?
Is a Santa Claus rally in the works for bitcoin price? In the last five days, the original cryptocurrency’s price has jumped by 21 percent based on data from Coindesk. Around the anniversary of its peak price, bitcoin even traded above $4,000, a figure that it last saw at the beginning of this month. Coindesk suggests that a bull rally may in bitcoin price’s near term … Continue reading Will Bitcoin Price Bring Christmas Cheer To Traders?
The pain intensified for cryptocurrency traders yesterday after bitcoin lost $4.8 billion of its market capitalization with a sharp 11% decline in its price within 24 hours. The cryptocurrency began the day testing the $4,000 mark, per data from online publication Coindesk. Within seven hours, however, it had fallen to $3,316.13. That fall included a steep 8% drop in its price in 2 hours. As … Continue reading Bitcoin Price And Crypto Markets Record Double Digit Losses
Legendary investor Warren Buffett is famously hostile to cryptocurrencies. He has said that bitcoin is “rat poison squared” and that cryptocurrencies will come to a bad end. In an ironical twist of sorts, Morgan Creek Digital Assets, a multi-strategy investment firm, is using the Oracle of Omaha’s famous 2007 million dollar bet as inspiration to promote cryptocurrencies as assets. Back then, Buffett had wagered that … Continue reading Morgan Creek Digital Issues Buffet Style Challenge For Crypto Performance
After crashing by more than 13% in a couple of hours last Friday, bitcoin price collapsed below the $5,000 price mark, testing the edges of a further bottom in its price. As of this writing, it is changing hands at $4,908.93, down 12% from its price 24 hours ago. The latest slide in bitcoin’s price means that it is now down by 63.4% from its … Continue reading More Turmoil For Bitcoin Price
And they all fall down. Bitcoin price, which tumbled to its lowest price for this year yesterday, fell further this morning and the cryptocurrency’s valuation crashed to below $100 billion for the first time since the end of October last year. Cryptocurrency markets fell in tandem with bitcoin price. As of this writing, they are valued at $184 billion. The last time their valuation hit … Continue reading Bitcoin Price And Crypto Markets Continue Plunge
Just when traders were complaining that bitcoin price had become boring, the cryptocurrency crashed by 13% in less than five hours this morning. The crash marked a sudden change of course for bitcoin price, which had mostly stayed constant within the $6200 price range during the last week or so. Bitcoin’s volatility had reached record lows in the last couple of months, much to the … Continue reading Bitcoin Price Crashes To Lowest This Year
The rally in cryptocurrency prices in the last three years has been as incredible as it has been mysterious. Without an established framework for valuation, forecasts for cryptocurrency prices have become anyone’s game. Rookies and experts have pontificated about and forecast future cryptocurrency prices. But none has proven correct. A recently-released paper by a researcher at a business school in Australia has an explanation for … Continue reading Why Are Crypto Prices High? New Research Says Shorting Capability Is Key
After an incredible rally in its prices last year, bitcoin has slumped for most of this year amid growing criticism of its unsustainable valuation and limited capabilities. The original cryptocurrency crashed to a decline of more than 70% from its price at the beginning of this year. But a turnaround in its price may be in the works and bitcoin may be revving up for … Continue reading Is Bitcoin Price Headed For A Rally Soon?
The price for Tether, the dollar-pegged stablecoin at Bitfinex, crashed over the weekend as investors fearful about its reserve deposits, sold the coin. The extent of damage to Tether’s price varied across various cryptocurrency exchanges from five percent to more than thirteen percent. According to some reports, Tether’s price dropped to $0.85 at Kraken, a prominent exchange. (Since Tether is a stablecoin, its price typically … Continue reading Why Did Tether’s Price Crash Over The Weekend?
In a move that mimicked the equity selloff in stock markets around the globe yesterday, bitcoin price crashed by as much as 6% in less than two hours this morning. Major coins, such as Ripple’s XRP and Ethereum’s ether, followed suit and cryptocurrency markets crashed by almost 11% in the same timeframe. In monetary terms, the declines translated to a decline of $13 billion. Since … Continue reading Bitcoin Price And Crypto Markets Crash After Global Equity Selloff