Biden’s $1.9T Relief Package Proposal Fails to Stir Bitcoin Market

Biden’s $1.9T Relief Package Proposal Fails to Stir Bitcoin Market

Bitcoin’s two-day rally has stalled as the U.S. dollar gains ground in the wake of Joe Biden’s fiscal stimulus announcement. The U.S. President-elect proposed an emergency relief package worth $1.9 trillion at around 00:15 UTC when bitcoin (BTC, -7.87%) was changing hands near $39,600. At press time, the leading cryptocurrency by market value is trading down near $38,000, according to CoinDesk […]

Bitcoin Bounces as Options Market Sees 20% Chance of $50K at Month’s End

Bitcoin Bounces as Options Market Sees 20% Chance of $50K at Month’s End

Bitcoin’s recovery from Monday’s low is gathering pace, with the options market pricing in a double-digit probability of an above $50,000 by the month-end. The leading cryptocurrency by market value is currently trading at $38,300, representing a nearly $4,000 or 11% gain on a 24-hour basis, according to CoinDesk 20 data. The price bounce has erased […]

Multiple Tokens See Rally Amid Looming ‘Alt Season’

Multiple Tokens See Rally Amid Looming ‘Alt Season’

Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action. As prices for bitcoin and ether retreat from their recent highs, the strong performance of other cryptocurrencies indicate traders and investors may now be turning to alternative coins (altcoins) for potential high returns. Data compiled by […]

Bitcoin Bull Run: OGs on Why This One’s Different

Bitcoin Bull Run: OGs on Why This One’s Different

Think back to 2017. Crypto was everywhere. The celebrities hawking ICOs included DJ Khaled, “Floyd Crypto Mayweather” and longtime blockchain enthusiast Paris Hilton. The most watched comedy on television, “Big Bang Theory,” named an episode “The Bitcoin Entanglement.” Long Island Iced Tea made the world’s most natural pivot, rebranding itself as Long Blockchain Corp. (The stock […]

Bakkt to Become Publicly Traded With $2.1B Valuation Via Merger

Bakkt to Become Publicly Traded With $2.1B Valuation Via Merger

Bitcoin exchange Bakkt has inked a business combination deal that will result in the Intercontinental Exchange subsidiary becoming a publicly traded company. According to an announcement Monday, the agreement will see Bakkt merge with VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by Victory Park Capital. The combined company will be called “Bakkt Holdings” and […]

Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic

Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic

Bitcoin fell sharply early on Monday, having failed to establish a foothold above $40,000 over the weekend. Over the last 24 hours, the cryptocurrency declined by more than $8,000 to $32,400, an over-20% fall from levels over $40,800 late on Sunday (UTC). The cryptocurrency was last seen changing hands up slightly near $35,380 – still […]

Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K

Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K

Bitcoin’s prices reached all-time highs above $40,000 less than a month after breaking $20,000 for the first time. Since the start of the most recent rally, ostensibly begun in October, its value has increased fourfold. So for pros and newbies alike, or if you want to be the cryptocurrency expert at your next Zoom party, it’s natural […]

Bitcoin Tops $38K for First Time, Bringing Year-to-Date Gain to Over 30%

Bitcoin Tops $38K for First Time, Bringing Year-to-Date Gain to Over 30%

Continuing its torrid run, bitcoin topped $38,000 for the first time Thursday, a day after the leading cryptocurrency rocketed past $36,000 and $37,000. The price of bitcoin set a new-all time high of $38,327.60, before falling back to $38.,03.15, up 9.67% over the last 24 hours. Between Wednesday afternoon and early evening, bitcoin (BTC, +12.01%) passed $36,000 and $37,000 […]