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Bitcoin (BTC) still gets criticized for being too volatile, but one Bloomberg analyst believes that it conversely is becoming a "risk-off" choice for investors.In a tweet on March 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that this year marked a watershed moment for the largest cryptocurrency.$400,000 BTC
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In brief:According to Timothy Peterson, large Bitcoin holders could push BTC to higher levelsA 10% increment in large holders (1k+ BTC) could increase Bitcoin’s value by 200%An increment of 500 of such large users would send Bitcoin to $140kWith Tesla buying Bitcoin worth $1.5 Billion, BTC reaching $140k is a
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Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com.Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first half of 2021.According to Cohen, Bitcoin’s growth in
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Delivery of the new machines is set to start in May. Source
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Bitcoin (BTC) returned to $40,000 on Jan. 8 as another price consolidation period ended characteristically briefly.Cryptocurrency market overview. Source: Coin360Data from Cryptox Markets, Coin360 and TradingView showed BTC/USD quickly rise to recapture the psycholigically significant price level during trading on Friday.After a 9% fall following runs to all-time highs the
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Ether (ETH) price has gained 88% since November, astonishing even the most bullish investors as the top altcoin secured a 2020 high at $750. Aside from the upcoming CME ETH futures launch scheduled for Feb. 8, the phenomenal growth of the total value locked (TVL) in Decentralized Finance protocols also
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Quick take:Kim Dotcom is bullish on Bitcoin Cash (BCH)He expects the digital asset to be valued at $3k and above by next yearHe cites crypto adoption as one reason Bitcoin Cash (BCH) will thriveAccording to Kim Dotcom, Bitcoin Cash is faster and cheaper to transact when compared to BitcoinRenowned internet
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Bitcoin (BTC) may be circling all-time highs, but a new storm is brewing around its smallest subunit, the satoshi or “sat.”As more first-time investors pile in to BTC, attention is once again highlighting the fact that many still think Bitcoin cannot be divided and is “too expensive.”Buy Bitcoin? Too expensiveA
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A report on Friday from Ethereum metrics website Dune Analytics showed that the decentralized finance (DeFi) ecosystem now counts over 1 million unique Ethereum addresses as participants — an over tenfold increase from the 91,000 addresses on Dec. 6, 2019. But while the growth has been undeniable, some experts caution not
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Bitcoin volatility earlier in this week reached some of the most explosive price action in the asset’s history.
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