Tags : Record

Bitcoin

Bitcoin Plunges Despite Tesla Boost Ahead of Record Options Lapse

An earlier morning boost in the Bitcoin market Wednesday, led by Tesla’s announcement that it would accept the cryptocurrency as payment for its electric vehicles, turned jittery ahead of the US session close, leading to a decline of more than $5,500 and ending the day 3.81 percent lower. Powell Strikes Again The flagship cryptocurrency’s seesaw […]Read More

Bitcoin

Stimulus Checks Arrive: Is Bitcoin Set to Hit Another Record

US retail traders are gearing up to put billions of dollars into the bitcoin market when stimulus payments begin entering bank accounts later this week, adding more speed to a trading frenzy that swept the cryptocurrency industry last year. Small investors are likely to buy almost $40 billion worth of bitcoin and rival cryptocurrencies when […]Read More

Bitcoin

Bitcoin Expects to Retest Record Highs after Powell’s Testimony

Key Bitcoin Talking Points: Rising inflation hopes, depressed real rates, and a beaten US dollar may underpin Bitcoin prices in the sessions ahead. Holding the 20-day simple moving average as support could trigger the upside bias. Meanwhile, an extended downside correction could also let the market retain its long-term bullish sentiment. Bitcoin fell by almost […]Read More

Market

Bitcoin Recovers From Dip to Set New Record High Close

Bitcoin printed new lifetime highs near $50,000 this morning, having crowded out excess bullish leverage in the derivatives market with a swift price drop on Monday. The top cryptocurrency by market value clocked a record high of $49,950.93 at around 08:00 UTC Tuesday and was last seen trading near $49,280, representing a 2.8% gain on […]Read More

Market

Bitcoin Miners Earn Record Hourly Revenue of $4 Million

Bitcoin’s price rally is proving a windfall for the miners of the world’s biggest blockchain. Miners collected a record single-hour revenue of $4.06 million during the 60 minutes to 17:00 UTC on Thursday, according to data provided by the blockchain analytics firm Glassnode. Transaction fees accounted for more than $47,000 of the record hourly revenue. […]Read More

Bitcoin

US Dollar Confirms Bearish Continuation as Bitcoin Hits Record High

Both the US dollar and Bitcoin enjoyed a period of strength at the beginning of 2021. But while the cryptocurrency continued its uptrend higher, led by a new wave of institutional adoption, the greenback endured a sharp pullback in the wake of unsupportive fundamentals. The US dollar index, which tracks the greenback’s strength against the […]Read More

Market

Bitcoin at Center Stage (and Record High) as Mastercard, BNY

Price Point Bitcoin (BTC) jumped more than 6% Thursday to a new record high of $48,297 after Mastercard (MA) confirmed CoinDesk’s exclusive Wednesday that the payments-processing giant plans to let merchants receive payments in cryptocurrency starting later this year. And BNY Mellon (BK), the world’s largest custodian bank with some $41 trillion of assets in safekeeping, […]Read More

Blockchain

Valid Points: Ethereum 2.0 Validators Earn Record $1.2M

“The biggest risk for Ethereum is that it could end up like the Concorde.” That’s Lyn Alden, a renowned investment strategist, who wrote a blog post a few weeks back reviewing the Ethereum protocol from an investor’s perspective.  In her post, Alden points out that one of the biggest risks for the value of ether […]Read More