Bitcoin

Bitcoin

Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan

"The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced," a JPMorgan managing director wrote in the report.

Markets  ·  9 December 2020
Bitcoin

First CoinSwap Test Could Herald an Era of Stronger Bitcoin Privacy

"A big day for bitcoin privacy" said developer Chris Belcher as he announced a test transaction implementing a promising privacy technology invented years ago

Tech  ·  9 December 2020
Bitcoin

First Mover: Why Wells Fargo Won’t Recommend Bitcoin to Clients

A Wells Fargo unit doesn't recommend bitcoin to clients, since they can't yet hold cryptocurrency in their accounts. What if that ever changed?   

Markets  ·  9 December 2020
Bitcoin

Bitcoin’s Options Market Skews Bearish as Spot Price Loses Ground

Bitcoin's fall toward $18,000 has revived demand for short-dated put options as a way to hedge downside risk.

Markets  ·  9 December 2020
Bitcoin

Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios

The founder of the world's largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.

Business  ·  9 December 2020
Bitcoin

Bitcoin Price Drops $1,000 in Worst Sell-Off in a Week

Bitcoin has fallen toward a key area of psychological support near $18,000.

Markets  ·  9 December 2020
Bitcoin

Market Wrap: Bitcoin Steadies at $18.7K; Big Ether Options Position Around $1,120 Isn’t Bullish

The bitcoin market dipped again Tuesday while traders have scooped up ether options at the $1,120 price level.

Markets  ·  8 December 2020
Bitcoin

First Mover: Wells Fargo Bitcoin Briefing Could Signal Bull Run Intact

As banks like Wells Fargo come around to writing about bitcoin, pro crypto analysts are scrutinizing blockchain network activity for clues on market cycle.

Markets  ·  8 December 2020
Bitcoin

Bitcoin Drops 2% as European Stocks See Losses on Brexit Concerns

Bitcoin took a dip Tuesday as traditional markets suffer the jitters over fears of a "no-deal" Brexit.

Markets  ·  8 December 2020
Bitcoin

Market Wrap: Bitcoin Briefly Slips Below $19,000; ETH Locked in DeFi Crosses Over 7M

A bit of bitcoin price dumping occurred Monday while some investors dove back into DeFi with their ether.

Markets  ·  7 December 2020
Bitcoin

How One Bitcoin Options Trader Turned $638K Into $4.4M in 5 Weeks

As bitcoin rallied from $13,400 to over $19,000, a trader who bought the $36,000-strike January expiry call saw a paper profit of more than $4 million.

Markets  ·  7 December 2020
Bitcoin

First Mover: Why Mohamed El-Erian Might Have Held Bitcoin at $19K

This year's rapid price gains are unnerving some investors, but NYDIG's Greg Cipolaro argues that bitcoin's growing network could justify $52K in five years.

Markets  ·  7 December 2020
Bitcoin

Crypto Long & Short: Why Some Investors Get Bitcoin So Wrong, and What That Says About Its Strengths

Bitcoin may be rooted in blockchain technology, but it's evolved into something much more than code. That's why it's not easy to replicate.

Markets  ·  6 December 2020
Bitcoin

Grayscale Sees a New Group of Ethereum-First Investors

"We are seeing a new group of investors who are Ethereum-first and in some cases Ethereum-only," Michael Sonnenshein told Bloomberg.

Business  ·  6 December 2020
Bitcoin

$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally

A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.

People  ·  5 December 2020