Tags : Rise

Bitcoin

Bitcoin Drops Alongside Tech Stocks as Bond Yields Rise

Bitcoin fell sharply on Monday and continued declining into the early Tuesday session as traders feared its excessive valuations after a 100 percent rise this year. The benchmark cryptocurrency lost more than $8,000, or 13.91 percent, to trade below $50,000. At its week-to-date low, it was changing hands for as much as $46,700. Bitcoin’s closest […]Read More

Market

Bitcoin Miners Saw Revenue Rise 62% in January From December

Bitcoin miners generated an estimated $1.1 billion in revenue in January, up 62% from December, according to on-chain data from Coin Metrics analyzed by CoinDesk. The surge in revenue came as bitcoin‘s price climbed from $29,000 to just below $42,000 in the first half of the month before levelling off through the last two weeks. […]Read More

Bitcoin

Elon Musk Says He Supports Bitcoin; Institutional OTC Deals Rise

It is official. Elon Musk supports Bitcoin. The Tesla and SpaceX founder called the flagship cryptocurrency “a good thing,” adding that it is on the “verge of getting broad acceptance by conventional finance” as he responded to Andressen Horowitz and other prominent investors during a Clubhouse Conversation meetup on February 1. BREAKING: @ELONMUSK CONFIRMS HE […]Read More

Bitcoin

Here’s why the Energy Web Foundation thinks Bitcoin will see

Self-sovereignty and decentralized energy would be on the uptrend as well, the foundation’s co-founders said. The up and up of Bitcoin Bitcoin’s rise in 2020 has seen widespread coverage and hype among both the crypto- and traditional-finance markets, with fund managers, tech firms, and even governments discussing and allocation or taking their first steps into […]Read More

Market

JPMorgan Predicts Bitcoin Price Could Rise Over $146,000 in Long

Investment banking giant JPMorgan has called a long-term bitcoin price target of over $146,000 based on the assumption that the cryptocurrency will grow in popularity as an alternative to gold, Bloomberg reports. “A crowding out of gold as an ‘alternative’ currency implies big upside for bitcoin over the long term,” strategists led by Nikolaos Panigirtzoglou […]Read More

Market

Bitcoin Suddenly Drops 13% as Altcoins Continue to Rise

Bitcoin has shed much of the weekend’s stellar gains, as relatively cheap alternative cryptocurrencies play catchup with the crypto market leader. At the press-time price of around $29,000, bitcoin is down over 13% on a 24-hour basis, according to CoinDesk 20 data. Prices have declined by well over $4,000 in the last two hours, having […]Read More