Tag Archives: Bitcoin

Thomas Lee Predicts Gains of Over 100% for Bitcoin in 2020

Thomas Lee Predicts Gains of Over 100% for Bitcoin in 2020

There’s an ongoing debate in the crypto community regarding the May 2020 bitcoin halving. Many are claiming that the bullish catalyst is already priced in. In other words, market participants who are expecting a sharp rise in bitcoin’s value once the halving occurs would be disappointed. However, some heavy hitters believe that the halving is far […]

10M Bitcoins Haven’t Moved in More Than a Year, Highest Since 2017

10M Bitcoins Haven’t Moved in More Than a Year, Highest Since 2017

“HODLing” has returned to a major milestone: The total number of bitcoins that haven’t changed hands in more than a year has crossed the 10 million mark. About 10.7 million bitcoins haven’t moved in more than 12 months, according to Digital Assets Data, a fintech company building crypto data feeds. Considering the total number of […]

Bitcoin Eyes Price Breakout Amid US-Iran Tensions

Bitcoin Eyes Price Breakout Amid US-Iran Tensions

Bitcoin is drawing bids amid heightened geopolitical uncertainty and could soon rise above key resistance at $7,580, confirming a short-term bullish breakout. The top cryptocurrency is currently trading at $7,530, representing a 1 percent gain on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index. Prices are now up nearly 10 percent from lows near $6,850 […]

Bitcoin Price Falls Below $7,000, Another Retest of Lows Ahead?

Bitcoin Price Falls Below $7,000, Another Retest of Lows Ahead?

After Bitcoin price swept lows right before the Christmas holiday, many crypto traders thought that the bottom was in across the crypto market, and Bitcoin would head into the New Year with renewed bullish momentum. But after days of struggling to breach resistance, the crypto asset has now fallen below $7,000 once again and is at risk […]

2019: The Year Washington, Silicon Valley and Beijing Faced Off Over Crypto

2019: The Year Washington, Silicon Valley and Beijing Faced Off Over Crypto

2019 has been a historic year for cryptocurrency and blockchain technology.  Global state leaders such as President of the People’s Republic of China Xi Jinping and the President of the United States Donald Trump have made public statements addressing the dynamics of this revolutionary tech. Traditional tech companies such as messaging app giant Telegram and social media giant Facebook have made bold promises […]

Bitcoin Halving Could Leave Price at $20K-$50K, Hedge Fund Manager Says

Bitcoin Halving Could Leave Price at $20K-$50K, Hedge Fund Manager Says

Bitcoin’s scheduled mining-reward halving in May 2020 could leave prices for the cryptocurrency in a range between $20,000 and $50,000, according to a new estimate. The projection by Charles Hwang, managing member of the hedge fund Lightning Capital and an adjunct professor at Baruch College, represents a multiple of bitcoin’s current price around $7,500. Hwang […]

WisdomTree launches its first bitcoin exchange-traded product

WisdomTree launches its first bitcoin exchange-traded product

LONDON (Reuters) – U.S. asset manager WisdomTree launched on Tuesday its first investment product that tracks bitcoin, a rare example of a mainstream money manager offering exposure to the volatile world of digital currencies. WisdomTree, which specializes in exchange-traded funds, said in a statement the bitcoin exchange product (ETP) will offer large investors exposure to […]

Bullish Bitcoin Chart Pattern Still Intact Despite 7% Price Drop

Bullish Bitcoin Chart Pattern Still Intact Despite 7% Price Drop

Bitcoin has pulled back sharply over the last 48 hours, but is holding well above support near $6,850 keeping the short-term bullish bias intact. The top cryptocurrency is currently trading near $7,330, representing a 7.3 percent drop from the high of $7,870 registered on Friday. With the pullback, bitcoin has erased more than 45 percent […]