|Day's Range||11,038.55 - 11,516.35|
|52 Week Range||2,794.75 - 11,516.35|
|Volume (24hr) All Currencies||10.84B|
Bitcoin climbs above $13k, as investors' appetite for the cryptocurrency heats up. Yahoo Finance's Scott Gamm joins Seana Smith to discuss on "The Ticker."
Bitcoin soared past $11,000 for the first time in 15 months and is now up 170% for the year. Yahoo Finance's Dan Roberts, Myles Udland and Melody Hahm discuss.
The Raspberry Pi Foundation has released a new, more powerful model of its single-board computer. The new device will cost $35 a unit and has the capacity to run full nodes cheaply on the Bitcoin network. Earlier versions of the Raspberry Pi have been popular with Bitcoin enthusiasts and decentralisation advocates as it provides a low barrier to entry for those interested in running their own full nodes on the network. Raspberry Pi 4 is here! A tiny, dual-display desktop computer, with three RAM variants to choose from, and all the hackability you know and love. On sale now from the familiar price of $35: https://t.co/d9iwVidexm RaspberryPi4 pic.twitter.com/4fll4gx1Ax -- Raspberry Pi (@Raspberry_Pi) June 24, 2019 Using the device to run aThe post New Raspberry Pi capable of running a Bitcoin node is selling for just $35 appeared first on Coin Rivet.
Square’s Cash App is launching bitcoin deposits, CoinDesk writes. The app might have started rolling out the feature prior to full launch as deposits are not yet available for all Cash App users.The post Cash App is adding support for bitcoin deposits appeared first on The Block.
Cryptocurrency asset manager Bitwise and Swiss fintech company Amun AG have launched a new exchange-traded product (ETP) on Switzerland’s top stock exchange SIX, and it promises to offer diversified liquid exposure to the nascent digital market. The post Bitwise, Amun launch a new crypto ETP on Swiss stock exchange appeared first on The Block.
Bitcoin has experienced a major rally that has taken its price upwards close to 34% over the past two weeks. Even with minor retracements, the market is moving positively with higher lows each time it falls, meaning we should expect BTC to continue its climb towards $13,000 - which in my opinion might come within the next couple of weeks. While I personally am still bullish, others are predicting a sudden correction. Just a few days ago, in my weekly Bitcoin price analysis piece, I brought up a hypothesis that all bull markets are expected to suffer large corrections of around 30-35% in the early stages. This means we could still see Bitcoin touching its 100-day EMA or even itsThe post Can Bitcoin hit $20,000 by January 2020? appeared first on Coin Rivet.
Ethereum is on the move, with the bulls now eyeing the 38.2% FIB of $367… The Bitcoin rally will need to continue for a run at $350 levels…
Bitcoin steals the show early on in the day, coming within range of $13,000 levels before easing back. Another run at $13,000 could be on the cards…
Litecoin trails the pack early as Bitcoin’s return to $12,000 levels spurs the majors into action early on. It could get choppy…
Despite the recent bitcoin price spike, big traders are bearish, according to a report from the Wall Street Journal. The outlet reported data from the Commodity Futures Trading Commission showing managers holding 14% more short positions in CME bitcoin futures last week than long positions.The post CFTC trading data shows many are shorting CME bitcoin futures appeared first on The Block.
Apart from being a censorship-resistant store of value, Bitcoin’s main use case is trading. What most people, including the media, don’t understand is that's not inherently a bad thing. The post Skeptic's lens: Volatility is a feature, not a bug? appeared first on The Block.
Bitcoin's mining hash rate has reached an all-time high of 65,000,000 TH/s following positive price action that has seen the asset's total market cap rise above $200 billion. This level is now firmly above its mid-2018 highs of nearly 60,000,000 TH/s. Following Bitcoin's parabolic move to the upside over the past few months, the total daily block and transaction reward paid to miners has also seen an almost five-fold increase, rising from under $5 million to currently above $25 million a day. This new all-time high means Bitcoin's hash rate has completed a dramatic reversal after falling to almost half its current total during the December 2018 capitulation in BTC price. $2 billion in online hardware Based on estimates from LitecoinThe post Bitcoin's mining hash rate hits new all-time highs appeared first on Coin Rivet.
Bitfinex CTO Paolo Ardoino has teased on Twitter that the popular cryptocurrency exchange will soon offer up to 100x leverage. At the time of writing, the maximum leverage on Bitfinex is set at just 3.3x. By seasoned margin trading standards, 3.3x leverage is quite tame, with popular crypto derivative exchanges like BitMEX building their reputation on the ability to trade up to 100x leverage. At this level of leverage, only a 1% move against you would 'liquidate' your position - a level of volatility seen most days in the crypto markets. 👀🦁 pic.twitter.com/kBgPsGyOL3 -- Paolo Ardoino (@paoloardoino) June 24, 2019 The maximum leverage used when opening a trade typically refers to the leeway you have to lose on a tradeThe post 100x leverage is coming to Bitfinex appeared first on Coin Rivet.
It’s a mixed start to the day for the majors, with Ripple’s XRP trailing, though expect Ripple’s XRP to find support should the pack continue gain.
Cross-asset correlations are still high, but they seem to be decreasing, according to new analysis by The Block. A major issue for cryptocurrency investors is the inability to truly diversify their cryptocurrency holdings.The post Correlation between cryptocurrency prices is decreasing, but still strong appeared first on The Block.
Cryptoasset data provider Coin Metrics has released a report showing Kik's claims about its level of blockchain activity and adoption rates for its cryptocurrency Kin are inaccurate.The post Coin Metrics report: Blockchain activity shows Kik's claim that Kin is more widely used than Bitcoin or Ethereum is inaccurate appeared first on The Block.
At the recent CryptoCompare conference in London, Coin Rivet had the chance to catch up with Kraken employee Austin Alexander, who shared his thoughts on the entry of institutional money into the decentralised asset economy. Austin started out by telling us that institutional money will come eventually because Bitcoin will continue to grow as it’s “the best money that’s ever been created”. He said: “If they want to come now or they want to come next year or they want to wait 10 years, the sooner the better for these institutions. But there’s infinite fiat out there. There’s infinite slave money, so that’s great.” The Bitcoin OG and co-founder of the New York Bitcoin Centre reminded us that “there’s only 21 millionThe post Kraken exec believes that institutional money is coming to Bitcoin 'whether they realise it or not' appeared first on Coin Rivet.
This post first appeared in Frank Chaparro’s weekly column “Mad Crypto,” which is sent to Genesis members’ inbox every Monday morning. The post Mad Crypto: Libra was just the cherry on top of this rally appeared first on The Block.
A Reddit user has posted his version of the maths required for a future $10 million Bitcoin valuation. His assumptions are based on a number of factors including the global amount of millionaires, a $260 trillion stock and derivative market, and Bitcoin's intrinsically scarce supply schedule. BuyBitcoinWhileItsLo started his post by reminding people about the "fundamental fact that only 21 million Bitcoins will ever exist", and that unlike the dollar (which can be printed continuously forever), a Bitcoin is infinitely divisible - "So no matter how expensive one coin gets, infinite fractions of it can be purchased and used." 'They all can't grab a full Bitcoin' BuyBitcoinWhileItsLo estimated that "there are 36 million millionaires in the world today", and "byThe post Bitcoin: The route to $10 million appeared first on Coin Rivet.
Gold Wakes Up, Media Wakes Up To Gold Gold (NYSEARCA:GLD) is on the move, now above $1,400 an ounce for the first time since August 2013. Mainstream media is starting to pay more attention to the metal now, but still seems to keep to the basic script that gold goes up in times of uncertainty. […]The post Market Morning: Gold Awakens, More Iran Sanctions, Bitcoin Breaks Through, McDonald's Goes Robots appeared first on Market Exclusive.
Last week, when I wrote my usual Monday BTC price analysis, Bitcoin was trading close to $9,200. At the time of writing, Bitcoin (BTC) is trading just below $11,000 after price climbed 16% from $9,200 to $11,070 in just a couple of days. It seems the hypothesis that weekends are good for Bitcoin is indeed true, as BTC consolidated above the key $11,000 level during Saturday and Sunday before a dip going into Monday morning. My gut tells me this is what we've all been waiting for. Will Bitcoin maintain its weekend gains during the next few weeks? Has the bull market officially begun? Bitcoin/USD Bitcoin has experienced a major rally that has taken its price upwards close to 34%The post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
DASH tracks the majors into the red as a late Sunday pullback spills into the early hours. A move through to $173 would signal a rally.