Bitcoin slipped heading into the European session Thursday as traders booked profits from its recent price rally. The benchmark cryptocurrency briefly crossed over $38,000, a wave high it breached last Friday after gaining open endorsement from Tesla founder Elon Musk. The move upside also appeared as a broader recovery trend that saw the Bitcoin price…
Bitcoin is well above its former record, thanks in part to the digital gold narrative taking hold in 2020 with institutional investors. But as those who get into cryptocurrencies consider diversifying beyond BTC, one entrepreneur and crypto trader says that Ethereum is the digital version of silver, not Litecoin as it has long been called.…
Bitcoin is often called digital gold, much to the dismay of gold bugs like Peter Schiff. Unfortunately for boomers like Schiff, millennials like his son Spencer, are increasingly opting for the cryptocurrency instead. Schiff even recently slammed his son publicly on Twitter, insulting his purchase of BTC, and calling his investing ability into question compared…
Bitcoin is looking to resume its uptrend towards $12,500 based on its proximity with traditional rival gold. The analogy pops out of an erratic positive correlation between the two assets that have caused them to trade in tandem since March 2020. Both gold and Bitcoin receive their cues from the same set of fundamentals: the…
In a bizarre twist, investors hoarding rare casks of whisky highlights exactly why Bitcoin is among the most valuable assets to ever exist. But why are so many turning to gold, whisky, and Bitcoin even amidst such economic uncertainty? Supply And Demand Dynamics Make Rare Whisky A Hedge Against Inflation Some people enjoy the finer…
Bitcoin price is on fire again, after spending three full months trading sideways. After busting through resistance at $10,000 and out of its downtrend, the asset quickly rocketed to over $12,000. Still, one economist says that this is just the “super early days” of Bitcoin’s next uptrend. And the monthly crypto chart shows that this…
Stimulus money pouring into assets like stocks, gold, and cryptocurrencies are having a dramatic impact on valuations. But as well as Bitcoin and precious metals are performing, it is Ethereum that has brought the largest return on investment since stimulus checks were issued. Exactly how much would $1,200 invested in Ethereum have earned savvy investors,…
If a fractal plays out on Bitcoin price charts matching the previous halving post-consolidation breakout, the cryptocurrency could keep on climbing from here. The target, if the rally takes a similar path, would put valuations of the top cryptocurrency at between $15,000 to $17,000 before peaking. Bitcoin Breaks Out: What Happens Next Will Be Fast…
Ahead of the United States’ second round of economic stimulus, gold and Bitcoin exploded as the dollar fell. According to financial analysts, after setting a new record the gold rally may be peaking, leaving room for the cryptocurrency market to catch up to precious metals. Here are five important factors why Bitcoin will outperform gold…
Bitcoin price could hit $120,000 in the coming years, according to a chart with alleged links to Citibank. The unverified image, first shared by Altana Digital Currency’s CIO Alistair Milne, depicts Bitcoin in a 2.5 years-long bull run. It also highlights the cryptocurrency’s potential to breach above $19,500 by 2021. A Bitcoin chart with links…