Bitcoin has been on a near-unstoppable rally since March’s lows of $3,700. The cryptocurrency at last week’s highs was up more than 170% from the lows, tapping $10,100 after a spectacular jump higher.This trend has been marked by crypto investors withdrawing their BTC off exchanges en-masse in a strong boost to Bitcoin’s medium-term bull case.Bitcoin…
Bitcoin outperformed its traditional rival Gold on a year-adjusted timeframe.The cryptocurrency’s spot price surged more than 50 percent in a year, with a string of geopolitical and macroeconomic factors helping its rally.The same period saw the SPDR Gold Trust ETF rising by more than 32 percent.Bitcoin didn’t get its exchange-traded fund, but it surely got to…
Bitcoin may have performed extremely well over the past two months, rallying over 100% from the March lows, but analysts say the asset’s rally is far from over.Speaking to Bloomberg on Monday, a leading industry chief executive argued that the price of BTC is still on a trajectory to rally by over 400% by the…
Since the lows that were experienced in March, both Bitcoin and the S&P 500 have been on a steep recovery.The leading cryptocurrency peaked at over 170% from the price of the March lows, while the S&P 500 gained from ~2,150 points to a recent high of 2,950 in dramatic fashion.Assets around the world have been…
Bitcoin has passed its momentous ‘halving’ event, marking the third time in its history that the rate of producing new units of the cryptocurrency is cut in half. At 8.23pm UK time, the 630,000th block of bitcoins was digitally mined, triggering the pre-programmed event that had been highly anticipated by the cryptocurrency industry due its impact…
American banking giant JP Morgan Chase has accepted two clients involved in the emerging bitcoin sector.U.S. cryptocurrency exchanges Coinbase and Gemini received account approvals after a long wait, according to the Wall Street Journal.The news came just less than 24 hours after Bitcoin underwent a massively hyped “halving” upgrade.JP Morgan Chase will offer its banking…
On Monday, the Bitcoin block reward halving finally came to pass.It was an exciting event celebrated by tens of thousands of cryptocurrency investors, with thousands packing into celebratory live streams, tens of thousands liking halving tweets, and hundreds of thousands hearing about Bitcoin via the news.The halving was so popular that at one point, the…
Bitcoin jumped above the $8,800 and $9,000 resistance levels against the US Dollar. However, BTC is facing a major hurdle at $9,100, above which it could rally sharply.Bitcoin is currently consolidating in a broad range below the $9,000 and $9,100 levels.The main support on the downside is forming near the $8,250 and $8,200 levels.There is…
Bitcoin hasn’t done too well over the past few days.Despite the fact that the block reward halving came to pass just hours ago, the cryptocurrency is actually down since last week’s highs of $10,100, now trading at $8,500. This drop hasn’t stopped optimistic investors from expecting more upside though, with one analyst noting that Bitcoin…
Bitcoin’s highly anticipated mining rewards halving took place earlier today. The benchmark cryptocurrency didn’t see any notable volatility in tandem with the event, and its hash rate has only declined slightly in the hours directly following the block rewards reduction.There’s no question that the mining rewards reduction that comes about as a result of the…