Monday, April 22, 2019
Across major markets, the bitcoin price has increased by 28 percent in the past month from around $4,000 to $5,000, recording its first large spike in value since December 2018. Possibly due to the general improvement in sentiment surrounding the cryptocurrency market, Binance has recorded a relatively large profit in...
In an essay published on Kana and Katana last month, a research platform run by Ikigai Asset Management, Xapo CEO Wences Casares said that bitcoin may be worth more than $1 million in 7 to 10 years. “In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does...
Since January 1, according to OnChainFX, the bitcoin price is up 37 percent year-to-date against the U.S. dollar, outperforming most indices including the S&P 500 and the Nasdaq 100 2019 Returns... Oil $USO: +38% Bitcoin $BTC: +35% Nasdaq 100 $QQQ: +21% REITs $VNQ: +19% MLPs $AMLP: +18% Small Caps $IWM: +18% S&P 500 $SPY: +17% EM $EEM: +14% EAFE...
Bitcoin is looking a lot less like the S&P 500 every day. Good thing, too, especially considering the doom-and-gloom pessimists have been peddling about the economy and especially corporate earnings. BITCOIN’S STOCK MARKET CORRELATION PLUNGED THIS MONTH A Fundstrat report reveals that bitcoin’s correlation to the S&P 500 took a nose dive in April, even as the...
The bitcoin price bounded to a new 2019 high on Wednesday, sneaking within inches of the $5,500 mark midway through the afternoon US trading session. BITCOIN PRICE FLIRTS WITH $5,500 The flagship cryptocurrency held above $5,200 throughout the morning, but it began to climb heading into the afternoon. At 18:30 UTC,...
More than three years ago, this reporter brought the news that Bitstamp had applied for a BitLicense. Bistamp CEO Nejc Kodrič believed early on that gaining the license would be important for the Bitcoin exchange. Other crypto firms like Bitfinex, Kraken, and ShapeShift, decided to stop doing business in New York instead. THINGS GOING SWIMMINGLY AFTER ACQUISITION About...
The Nasdaq, which plunged in value following both the dotcom bubble and financial crisis, more than doubled in value in the following five years of post-bubble recovery. Like the Nasdaq, bitcoin could recover rapidly in the medium-term, analysis suggests. The Nasdaq more than recovered from both the dotcom bubble crash and the financial...
The crypto rally has lots more runway ahead, even if the bitcoin price appears stuck. Trader and classical chartist Peter Brandt revealed his bullish prediction of $50,000 for the bitcoin price, which is currently holding steady at $5,000. Investors must exhibit some patience, however, as it won’t happen overnight. Brandt expects...
From 2015 to 2017, the bitcoin price surged from around $150 to $20,000 in a parabolic movement, demonstrating a staggering gain of 13,233 percent within a two-year period. Big question re: analog year comparison is whether 10a rally will lead to 10b retest similar to 2013-2015 $BTC pic.twitter.com/BCRKSqBxsP — Peter Brandt (@PeterLBrandt) April 6,...
On Squawk Box, Fundstrat Global Advisors head of research Thomas Lee said that despite the 16-month correction, bitcoin is en route to a steady accumulation phase throughout 2019. In the past 24 hours, the bitcoin price experienced a roughly 2.7 percent recovery following a slight pullback, climbing to $5,055 and leading a...