Bitcoin

What’s driving the bitcoin spike? Experts say much of it is due to the weakness in the US dollar. The dollar has plunged in recent months on expectations that the Federal Reserve will keep interest rates near zero for years as a result of the financial disruption from the Covid-19 pandemic. “It’s a flight to […]

Castle Rock, Colo.-based cryptocurrency miner Riot Blockchain reported earnings for the June quarter Monday, noting a decrease in mining revenue from a year ago. Update (August 11, 19:56 UTC): This article has been updated to reflect 227 bitcoins mined in the Q2, not 508 as was previously reported. Current mining capacity was also updated to 357 […]

Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned. In a series of tweets on Aug. 12, Mike Belshe strongly urged investors to divert a minimum of 3% of their portfolio into Bitcoin. Belshe: investors will move from cash to […]

Seminal crypto-fund Grayscale Bitcoin BTC Trust (GBTC), an Exchange Traded Product that invests exclusively in Bitcoin, is up a pants-threatening $1.5 billion this year — 90% growth in just six months.  According to the docs shared by the Securities and Exchange Commission, GBTC held around $1.9 billion worth of Bitcoin at the end of 2019. As […]

Bitcoin acts more like a tech startup stock than digital gold — with investors reaping big rewards if it works but potentially losing everything if the crypto asset fails. That’s the conclusion of an Aug. 10 report from digital asset manager CoinShares titled A Little Bitcoin Goes a Long Way. In it authors James Butterfill […]

MicroStrategy has adopted Bitcoin (BTC) as its reserve currency — and stunned commentators by purchasing over 21,000 BTC on Aug. 11. The world’s largest publicly-traded business intelligence company has swapped fiat for Bitcoin as its treasury reserve asset, but the reasons behind it suggest that more big businesses will have no choice but to do […]

On August 11 the price of gold and silver showed some corrective movements, the same was seen in the cryptomarket. Bitcoin (BTC) dropped by $700 from $11,800 to $11,100 in one day, marking a short term correction.  However, is the overall bullish momentum gone from the crypto markets? Given the strong surges from Chainlink (LINK) […]

The price of Bitcoin (BTC) rejected the $12,000 resistance level for the second time in the past 10 days. Traders are generally optimistic about the short-term trend of BTC, following its extended consolidation below a critical resistance level. When an asset stays relatively stable near a major resistance area, it typically suggests a bullish continuation […]

Bitcoin is making up for lost gains after hitting a one-week low. Over on Ethereum, the fee situation continues to be problematic for traders. Bitcoin rebounded Wednesday, making gains from a 24-hour low of $11,119 on spot exchanges like Coinbase, a price point not seen since Aug. 5.  Constantin Kogan, partner at crypto fund-of-funds BitBull […]

Bitcoin dropped below $12,000 this morning, and has been struggling to surpass this price level. … [+] (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin prices have experienced some modest volatility lately, breaking through $12,000 over the weekend and then declining below this key, psychological level earlier today. After falling […]