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Bitcoin price – LIVE: Cryptocurrency value approaches new all-time high

by CryptoExBulletin
in Cryptocurrency
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Bitcoin price – LIVE: Cryptocurrency value approaches new all-time high
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Bitcoin has skilled a outstanding worth resurgence in current months, rising to a document all-time excessive after greater than two years of plummeting costs.

The latest rally of the notoriously unstable cryptocurrency comes amid a flurry of institutional funding information, which has taken btc near the height it reached in December 2017 of $20,052 (£15,025).

Different main cryptocurrencies – together with Ethereum (ether), Ripple (XRP) and bitcoin money – are additionally climbing in worth, although stay a great distance off their document highs. A flash crash noticed an anticipated market cool off, although some analysts nonetheless predict optimistic motion main as much as Christmas.

Comply with all the most recent information, evaluation and knowledgeable worth predictions right here.

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Key Factors

1607361142

Snowden’s tackle bitcoin

Right here’s what the world’s most well-known whistleblower has to say in regards to the fortunes of the US greenback in comparison with cryptocurrency.

Anthony Cuthbertson7 December 2020 17:12

1607335774

Stability reigns

The value of bitcoin has remained comparatively secure over the weekend, hovering between $19,000 and $19,500.

In the meantime, the US greenback hit its lowest degree since April 2018. Some consultants have additionally predicted 2021 to be a foul yr for fiat foreign money.

Anthony Cuthbertson7 December 2020 10:09

1607072070

Bitcoin rally continues

Extra positive aspects in a single day imply bitcoin is now buying and selling near $19,500. 

The cryptocurrency is lower than a few hundred {dollars} away from the all-time excessive it reached final week. It implies that almost anybody who has ever invested in bitcoin in its 10+ yr historical past – and nonetheless holds it – has both damaged even or made cash.

Talking of funding, a brand new report by the deVere Group has discovered that two-thirds of millennials desire bitcoin to gold as a safe-haven asset. Right here’s what deVere Group CEO Nigel Inexperienced has to say:


From Historic Egypt onwards gold has at all times had immense worth and has lengthy been revered as the final word safe-haven. It’s at all times been a go-to asset in occasions of political, social and financial uncertainty as it’s anticipated to retain its worth and even develop in worth when different belongings fall, subsequently enabling buyers to scale back their publicity to losses.

However, as this survey reveals, bitcoin could possibly be dethroned inside a technology as millennials and youthful buyers, who’re so-called ‘digital natives’, consider it competes higher in opposition to gold as a safe-haven asset.

Because the world continues to shift in the direction of tech and as millennials grow to be a extra dominant a part of the world financial system, we must always count on bitcoin to additionally take an more and more influential function in monetary markets, particularly in regard to being a ‘recession-proof’ asset

Nigel Inexperienced, CEO of monetary advisory agency deVere Group

Anthony Cuthbertson4 December 2020 08:54

1607007717

New all-time excessive in sight

Bitcoin is as soon as once more approaching an all-time worth excessive, rising 2 per cent during the last 24 hours to $19,400.

Ripple (XRP) and Ethereum (ether) are additionally up by a few per cent, constructing on huge positive aspects over the previous couple of months.

Ripple CEO Brad Garlinghouse appeared on CNN to present his tackle a “wild yr” to this point.

Anthony Cuthbertson3 December 2020 15:01

1606910649

Bitcoin funding up 221% in November

Bitcoin continues to hover across the $19,000 mark, providing a little bit of respite to take inventory of the positive aspects it has made during the last month.

The cryptocurrency was buying and selling at $13,000 at the beginning of November, that means it rose by greater than a 3rd in worth over simply 30 days.

Whereas analysts say nearly all of these positive aspects have been made due to elevated institutional funding, retail buyers additionally considerably elevated their trades in November, based on newly launched figures from on-line buying and selling platform eToro.

Bitcoin funding was up 221 per cent in comparison with October, whereas Ripple (XRP) noticed greater than 1,000 per cent positive aspects.

(eToro)

Anthony Cuthbertson2 December 2020 12:04

1606851424

Market dips however stays regular

The value of bitcoin has taken a slight tumble, dipping beneath $19,000. 

It represents a 1 per cent dip during the last 24 hours, and the identical quantity during the last week. Merchants and buyers will possible welcome a second of relative calm.

Anthony Cuthbertson1 December 2020 19:37

1606809063

Bitcoin now value greater than world’s largest funding financial institution

Bitcoin continues to commerce close to to its all-time excessive this morning, priced between $19,400 and $19,500 on all main exchanges.

The cryptocurrency’s general market cap additionally reached document highs yesterday, pushing above $360 billion for the primary time in its historical past.

This makes bitcoin the 18th most beneficial asset on the earth, transferring forward of the world’s largest funding financial institution, JPMorgan Chase.

(CompaniesMarketCap)

Anthony Cuthbertson1 December 2020 07:51

1606757067

Consultants and analysts react to all-time excessive

It seems a number of the analysts we spoke to final week have been proper – even when the brand new all-time excessive got here a bit sooner than anticipated. 

We’ve reached out to extra consultants and analysts to listen to their response to the ATH hit right this moment.

Quick-term hazard degree excessive however long term image ‘very promising’


To all of the folks asking me ‘ought to I purchase bitcoin now?’ I level out it is doubled in worth in simply a few months – unbelievable momentum – however when it will definitely turns, it might simply fall simply as quick, because it did after the final increase. The long-term potential is appreciable, however the short-term hazard degree is excessive.

All of the discuss of ‘Tulip Mania’ within the 2017 increase is absent now. As soon as the historic Dutch tulip bubble burst it by no means recovered, whereas bitcoin has now proven it has actual endurance…The longer-term image is trying very promising. 

Among the world’s greatest buyers say they’re now shopping for bitcoin in addition to gold of their effort to discover a safe-haven for his or her wealth. They think governments are eager to inflate away money owed by printing a number of further money, which can result in inflation. This is able to imply any belongings held in currencies like {dollars} or kilos would lose worth, so buyers are looking for different currencies like Bitcoin and gold.

Large buyers are hoovering up the scarce bitcoin provide, in addition to Paypal, Sq. and different funds firms. Nevertheless, new analysis exhibits most Bitcoin holders usually are not promoting. So with a number of demand and never a lot out there provide, the value is being compelled upwards.

Glen Goodman, writer of the bestselling ebook ‘The Crypto Dealer’


Anybody who ever purchased bitcoin earlier than right this moment and held it’s now in revenue. Folks shall be questioning how sustainable these costs are for bitcoin given the sharp declines in worth we have seen close to these ranges earlier than. I can’t predict the place the value will go from right here, nevertheless it’s notable how way more mature the market is that this time round. With higher liquidity, higher fiat on- and off-ramps and institutional buyers getting concerned now that there’s extra regulatory certainty, it’s heartening for these of us who consider within the long-term energy of cryptocurrencies to extend the liberty of cash globally.

Changpeng Zhao, CEO and founding father of crypto alternate Binance

$50,000 earlier than Christmas?


With the likes of MicroStrategy, Sq., and PayPal leaping on the crypto bandwagon, $50,000 by the top of this yr is by no means unlikely. This shall be a document not pushed by frenzy, however by the large, forward-thinking, finance and technology-savvy establishments that can push crypto into the mainstream.

Antoni Trenchev, managing accomplice of digital asset agency Nexo

Anthony Cuthbertson30 November 2020 17:24

1606751005

Bitcoin worth hits all-time excessive

Anthony Cuthbertson30 November 2020 15:43

1606729989

Bitcoin bounces again

The value of bitcoin has surged over the weekend, rising roughly $2,000 to take it again in the direction of its document all-time excessive.

(CoinMarketCap)

Anthony Cuthbertson30 November 2020 09:53



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