bitcoin

Bitcoin Price Achieves New All-Time High at $7,598 -Why is the Market So Optimistic

Bitcoin Price Achieves New All-Time High at $7,598 -Why is the Market So Optimistic Once again, the bitcoin price has achieved a new all-time high at $7,598 on November 5, as the market continues to be optimistic about the mid-term performance of bitcoin. Rapid Adoption in Major Regions In Japan and South Korea, two regions in Asia that are known to have extremely conservative investors and traders, have seen an exponential increase in the demand for bitcoin from local traders.…

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Bitcoin Prices Still Firmly Above $7000, Without China

Bitcoin Prices Still Firmly Above $7000, Without China Bitcoin is unstoppable these days, passing one “technical” test after another, crossing the $5000-mark, the $6000-mark, and the $7000-mark in a matter of weeks. The “people’s currency” has gained 27.33% in seven days, as market volume increased. What’s behind the digital currency’s breathtaking run? Certainly, it isn’t the lifting of regulations which halted trade of digital currency in China, as some expected (back in September, China banned Initial Coin Offerings (ICOs) and…

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Cryptocurrencies May Contribute to Financial Stability

Cryptocurrencies May Contribute to Financial Stability Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies. Central Bank of Turkey President Says Cryptocurrencies Could Contribute to Financial Stability Turkish Central Bank President: "Cryptocurrencies May Contribute to Financial Stability"According to local news outlets in Istanbul, the president of the Turkish…

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Bitcoin Just Surged Past $7,000. Here’s Why

Bitcoin Just Surged Past $7,000. Here's Why Talk about a roller coaster. As of late Thursday, the price of Bitcoin was about $7,000, having reached the threshold for the first time just hours earlier. The upswing continued a rally that started Wednesday, when the Chicago Merchantile Exchange announced plans to offer Bitcoin futures — a move that could add even more institutional investors to Bitcoin markets and theoretically push up prices. While Bitcoin investors cheered the rally, dubbing the CME’s…

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Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission

Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission The price of bitcoin, the red-hot digital coin up more than 550% this year, soared past $6,900 to $6,916 Wednesday evening, according to data by Markets Insider. The rally comes ahead of a warning by the Securities and Exchange Commission on initial coin offerings, a cryptocurrency-based fundraising method. Bitcoin blew past $6,900 Wednesday even after the Securities and Exchange Commission warned investors about celebrity endorsements for certain…

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Vietnam Becomes the Latest to Ban Bitcoin, but in China, the Rules May Be Changing

Vietnam Becomes the Latest to Ban Bitcoin, but in China, the Rules May Be Changing Vietnam became the latest nation state to launch an attack on cryptocurrency, as regulators sided with the alarmists without providing much of a rationale. Vietnam Issues Ban The ban, which applies to all cryptocurrencies not deemed legal tender, was issued via formal statement by the State Bank of Vietnam. The punishment for accepting or offering payments in bitcoin can run more than $8,000 USD. Vietnam’s…

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Bitcoin Price Going From $4,000 to $400,000 is Easy – Hedge Fund Manager Mark Yusko

Bitcoin Price Going From $4,000 to $400,000 is Easy – Hedge Fund Manager Mark Yusko Mark Yusko, the founder & CEO of Morgan Creek Capital Management, the $3.7 billion North Carolina-based investment firm, has stated that the bitcoin price is expected to reach $400,000 in the long-term. Over the past 12 months, the price of bitcoin has increased from less than $900 to over $5,900. In a relatively short-term, the bitcoin price has demonstrated an exponential rate of growth, almost…

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Ethereum and Bitcoin Price Decline Again – Major Factors For Mid-Term Recovery

Ethereum and Bitcoin Price Decline Again – Major Factors For Mid-Term Recovery The price of Ethereum and bitcoin have declined in the past two days, with the bitcoin price struggling to rebound beyond the $5,700 mark and the price of Ether dipping below the $300 region again. Although the price of bitcoin has increased since plunging to $5,300 prior to the Bitcoin Gold hard fork, over the past 24 hours, the price of bitcoin declined from $5,767 to $5,680. Like…

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There are now more than 120 hedge funds focused solely on bitcoin, digital currencies

There are now more than 120 hedge funds focused solely on bitcoin, digital currencies Data shared exclusively with CNBC from financial research firm Autonomous Next shows the number of funds investing in digital assets like bitcoin has grown rapidly to 124. Autonomous Next also estimates that the "crypto-funds" have about $2.3 billion in total assets under management. While several leading Wall Street banking executives remain skeptical about bitcoin, more seasoned money managers are moving into digital assets management. More than…

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Bitcoin Price Storms to $5,955 as Bitcoin Gold Fizzles

Bitcoin Price Storms to $5,955 as Bitcoin Gold Fizzles The crypto markets experienced a moderate recovery on Thursday, as the bitcoin price began to recover from the dip that it entered following the Bitcoin Gold hard fork. Many altcoins achieved slight price bumps as well, enabling the total cryptocurrency market cap to rise above the $172 billion mark. Chart from CoinMarketCap Early in the day, it appeared that the markets were heading south, continuing their movement from the previous day.…

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