Bitcoin

Bitcoin and precious metals have surged in the past couple of weeks as the worsening coronavirus pandemic increases demand for safe-haven assets. Back in May, I explained that Bitcoin was likely to experience a powerful move in the near future because of technical price patterns that were developing. One of the technical patterns I showed […]

A 17-year-old in Tampa, Florida, is accused of taking over the Twitter accounts of Elon Musk, Bill Gates, Barack Obama and numerous other celebrities to scam people into sending the teen bitcoin.  The teen, whose name and photo CNBC is not publishing because the teen is a minor, was arrested and charged, the office of […]

Bitcoin, after a prolonged period of stability, has suddenly leaped higher—jumping over the closely-watched $10,000 per bitcoin level for the first time since June and surging toward $12,000. The bitcoin price has added some 20% over the last seven days, hitting highs of $11,420 on the Luxembourg-based Bitstamp exchange, amid equity market jitters and a […]

I think I’m ready to issue my next Bitcoin prediction. I’m consistently wrong, which makes this a valuable service. In mid-February, after Bitcoin had shot from $4,000 to $10,000 in a year, I raised the question here of whether speculative excess might push it still higher. Then it fell by half in a month. I […]

The bitcoin bulls are back in town. The price of bitcoin surged today by $1,268.19, reaching a six-month high of $11,203.90, or a one-day gain of 12.73%. It’s another indication of the resurgence of both investor interest in the technology and renewed confidence in its long-term prospects after a rough year of regulatory scrutiny and […]

Bitcoin closed the month of July at $11,351, its highest monthly close since the bellwether cryptocurrency’s all-time high nearly two-and-a-half years ago.  Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary […]

A Bloomberg article claims that Americans are foregoing the safety of the dollar for more speculative assets like stocks, gold, and Bitcoin (BTC). High saving rates, low yields Because of the COVID-19 lockdown, the personal savings rate in the U.S. is at a historic high. The yield offered by the financial institutions on savings accounts, […]

Bitcoin’s price jumped to a fresh 11-month high on Friday, with the options market betting on a sustained bull move.  The put-call open interest ratio looks to have risen from 0.50 to 0.63 this week due to greater selling in put options. With the combination of negative skews and a rising put-call open interest ratio, […]

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Bitcoin has soared this week, rocketing above $11,000 for the first time since August last year and adding around 20% in just a few days. Some smaller cryptocurrencies have made massive gains in recent months as bitcoin treaded water, eating into bitcoin’s dominance—a measure of bitcoin’s value compared to the wider cryptocurrency market. However, some […]