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

by CryptoExBulletin
in Cryptocurrency
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Bitcoin price – LIVE: Cryptocurrency value soars to new all-time high
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Bitcoin is on a record-breaking run, rising by greater than 400 per cent in value since March to hit a brand new all-time excessive on 17 December.

The notoriously risky cryptocurrency reached above $23,000 on Thursday, having traded beneath $5,000 simply 9 months in the past.

Different main cryptocurrencies have additionally skilled appreciable features throughout this time, together with Ethereum (ether), Ripple (XRP), litecoin and bitcoin money.

Observe all the most recent updates, value predictions and market evaluation right here.

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After hitting a brand new all-time excessive on Wednesday, the value of bitcoin continued to rise on Thursday to $23,586.

A mini flash crash has since knocked round $1,000 from the cryptocurrency’s worth but it surely continues to commerce above $22,000, based on CoinMarketCap.

(CoinMarketCap)

It represents a 20 per cent achieve in simply 24 hours, which is all of the extra outstanding when contemplating how a lot one bitcoin was value again in March.

Rising from beneath $5,000, bitcoin has seen an almost 500 per cent achieve during the last 9 months.

Anthony Cuthbertson17 December 2020 11:13

1607361142

Snowden’s tackle bitcoin

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

Anthony Cuthbertson7 December 2020 17:12

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Stability reigns

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

In the meantime, the US greenback hit its lowest degree since April 2018. Some specialists have additionally predicted 2021 to be a nasty 12 months for fiat forex.

Anthony Cuthbertson7 December 2020 10:09

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Bitcoin rally continues

Extra features 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 practically anybody who has ever invested in bitcoin in its 10+ 12 months 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 choose 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 all the time had immense worth and has lengthy been revered as the final word safe-haven. It’s all the time been a go-to asset in instances of political, social and financial uncertainty as it’s anticipated to retain its worth and even develop in worth when different property fall, subsequently enabling buyers to cut back their publicity to losses.

However, as this survey reveals, bitcoin may very well be dethroned inside a era as millennials and youthful buyers, who’re so-called ‘digital natives’, consider it competes higher towards gold as a safe-haven asset.

Because the world continues to shift in the direction of tech and as millennials turn into a extra dominant a part of the world financial system, we must always anticipate bitcoin to additionally take an more and more influential position 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

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New all-time excessive in sight

Bitcoin is as soon as once more approaching an all-time value 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 features over the previous few months.

Ripple CEO Brad Garlinghouse appeared on CNN to provide his tackle a “wild 12 months” to date.

Anthony Cuthbertson3 December 2020 15:01

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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 features 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 features had 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 features.

(eToro)

Anthony Cuthbertson2 December 2020 12:04

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Market dips however stays regular

The worth 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 doubtless welcome a second of relative calm.

Anthony Cuthbertson1 December 2020 19:37

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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 total market cap additionally reached report highs yesterday, pushing above $360 billion for the primary time in its historical past.

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

(CompaniesMarketCap)

Anthony Cuthbertson1 December 2020 07:51

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Consultants and analysts react to all-time excessive

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

We’ve reached out to extra specialists and analysts to listen to their response to the ATH hit in the present day.

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


To all of the individuals asking me ‘ought to I purchase bitcoin now?’ I level out it is doubled in value 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 growth. The long-term potential is appreciable, however the short-term hazard degree is excessive.

All of the discuss of ‘Tulip Mania’ within the 2017 growth 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 wanting very promising. 

Among the world’s largest 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 lot of additional money, which can result in inflation. This could imply any property held in currencies like {dollars} or kilos would lose worth, so buyers are trying to find different currencies like Bitcoin and gold.

Huge buyers are hoovering up the scarce bitcoin provide, in addition to Paypal, Sq. and different funds corporations. Nevertheless, new analysis exhibits most Bitcoin holders aren’t promoting. So with a lot of demand and never a lot out there provide, the value is being pressured upwards.

Glen Goodman, writer of the bestselling e-book ‘The Crypto Dealer’


Anybody who ever purchased bitcoin earlier than in the present day and held it’s now in revenue. Individuals 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, but it surely’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 trade 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 12 months is under no circumstances unlikely. This shall be a report not pushed by frenzy, however by the massive, forward-thinking, finance and technology-savvy establishments that can push crypto into the mainstream.

Antoni Trenchev, managing associate of digital asset agency Nexo

Anthony Cuthbertson30 November 2020 17:24

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Bitcoin value hits all-time excessive

Anthony Cuthbertson30 November 2020 15:43



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