Bitcoin Price Will Be Golden in 2020 Thanks to Limited Supply, Increasing Use: Bloomberg Report

Increasing global uncertainties and a weak dollar will likely push more investors into bitcoin as it becomes recognized as a store of value. The cryptocurrency’s fixed supply will further drive price increases throughout the year, Bloomberg analysts predict. Bloomberg’s 2020 crypto outlook report, published Monday, predicts bitcoin’s price could move to the top of its […]

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Bitcoin Hits New 2020 High Above $8,400 After Iranian Missile Attack

Bitcoin’s price has hit a new record for 2020, reaching as high as $8,438 before retracing slightly. At 23:30 UTC on Jan. 7, the world’s largest cryptocurrency by market capitalization began a strong upward trend from $8,080 to above $8,400 before topping out at $8,438 in just over 40 minutes. The move to fresh 2020 […]

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CORRECTED: Bitcoin Price Jumps $200 in One Hour

Bitcoin’s price jumped $200 in an hour and a half on Monday, rising to a 30-day high of $7,800. The world’s largest cryptocurrency by market capitalization climbed after data provider CoinMarketCap showed a sudden jump in the supply of stablecoin tether (USDT). The 5 percent rise in bitcoin’s (BTC) price initially appeared to be preceded […]

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American Cancer Society Now Accepting Bitcoin Donations Through BitPay

The American Cancer Society (ACS), a non-profit organization committed to funding cancer research, is now accepting bitcoin donations through BitPay. “Cancer affects people from all walks of life, so it’s not surprising that we draw support from a broad cross-section of donors,” ACS exec Brant Woodward told CoinDesk. “Our mission is urgent and in order […]

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Bitcoin Price to Skyrocket to $250,000 After May 2020

Billionaire venture capitalist Tim Draper says the bitcoin price will skyrocket to $250,000 soon after the May 2020 ‘halving’ event. As astounding as that sounds, Draper’s projections are in line with bitcoin’s historical trend. Draper correctly predicted the ‘crypto winter’ bear market of 2018-2019 in September 2018. He’s made over $200M from BTC so far. […]

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Cryptocurrency Is Still the World’s Best Performing Asset Class This Year

Of course, 2019 didn’t start out that way. Back in February, the top 10 crypto began a fairly dismal run, resting well below all other traditional asset classes when viewing their return on investment figures. However, sentiment began to pick up significantly in March and by mid-year, cryptocurrencies were far out ahead of other the […]

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Bakkt Futures are Not Backed by Bitcoin

Bakkt’s arrival was supposed to be rocket fuel for the number one cryptocurrency. Even with Bakkt’s growing volume, the demand has not translated into bullish bitcoin prices. Institutions participating through Bakkt are trading on leverage instead of taking physical delivery of bitcoin. Many crypto enthusiasts saw Bakkt’s entry earlier this year as a bullish driver. […]

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How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages

Understanding short-term and long-term moving averages (MAs) is important for trading strategies, whether for cryptocurrency or traditional assets. Two rare but powerful signals that traders look for occur when the short-term and long-term MAs cross. On the upside, that’s the golden cross, and, on the downside, it’s called the death cross. Golden and death crosses have […]

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