Tags : Bitcoins

Bitcoin

JPMorgan says Bitcoin’s true value is $35,000 amid price crash

JPMorgan research analysts have said that institutional investors are swapping Bitcoin for gold for the first time in six months. This is after crypto, including Bitcoin, took a major tumble dropping to lows just above $30,000. Earlier this year, JPMorgan analysts updated a Bitcoin price target to $130,000. According to Business Insider, they said that […]Read More

Bitcoin

This mining firm is tackling Bitcoin’s greenhouse gas problem in

Crusoe Energy, a Colorado-based mining and alternative energy firm, is tackling Bitcoin’s climate impact in a previously unseen manner, as per a feature on tech publication TechCrunch today. The firm has raised $128 million from investors for its cause. Bitcoin’s massive energy usage stems from the process of ‘mining,’ which sees the use of elaborate […]Read More

Bitcoin

Bitcoin’s Correlation to the Stock Market Continues to Fall: A

As decentralized digital assets, Bitcoin and the crypto market at large has often been regarded as an isolated bubble or safe haven from the traditional stock market. But as an asset class, cryptos have always been fundamentally tied to equities, closely tracing price levels of major indices. This was clearly displayed in the global stock […]Read More

Market

Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan

Bitcoin’s price volatility needs to subside for the cryptocurrency to continue its stellar rally, according to analysts at investment banking giant JPMorgan. In a note on Tuesday reported by Reuters, the analysts drew attention to bitcoin‘s high volatility relative to gold, the classic inflation hedge, as an obstacle to significant gains beyond current levels around […]Read More

Bitcoin

Bitcoin’s Wild Rally to $50,000 Turns Investors Away from Gold

Investors are cooling on gold as its digital rival Bitcoin takes the front seat in the race between the hottest hedging assets against inflation and fiat devaluation. Data fetched by the Commodity Futures Trading Commission shows a decline in hedge fund interests in the precious metal as focus shifts on rising nominal yields and the […]Read More

Market

3 Reasons Why Bitcoin’s Price Just Fell by $3K

Bitcoin saw a significant drop early on Monday, soon after it had looked primed for a convincing move above $50,000.  The top cryptocurrency slipped from nearly $49,000 to $45,926 during the early Asian hours and was last seen changing hands near $47,790 – down 1.8% on the day, according to CoinDesk 20 data.  The decline […]Read More

Bitcoin

ShapeShift CEO Erik Voorhees on Bitcoin’s future and Peter Schiff’s

Bitcoin’s rise in 2020 was marked by institutions purchasing the asset as a hedge against global inflation, a bleak economic outlook, and an overall low-yield environment in the traditional finance market. The year 2021 is not far behind in that regard. The first month saw business enterprise firm MicroStrategy conduct its “Bitcoin playbook” conference, a […]Read More

Bitcoin

Multiple Analysts Look at $400,000 as Bitcoin’s Ultimate Bull Stop

A soup of optimistic fundamental and technical indicators has led multiple analysts to envision Bitcoin at a six-digit valuation. The flurry of experienced finance professionals includes veteran trader Peter Brandt, investment strategist Scott Minerd, and asset manager Cathie Wood. All of them, coming from different mindsets, lately projected Bitcoin at $400,000, a cryptocurrency that has […]Read More