Nov 30, · Bitcoin surged to $19,, smashing previous all-time highs by a few dollars. The recent upswing seems to be fuelled by increasing demand among institutional investors. A 4-hour candlestick close above or below $19, will determine where BTC is headed next. This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. 2 days ago · Twelve years ago today, one pseudonymous ‘Satoshi Nakamoto’ mined the Genesis block into existence, earning 50 bitcoin. Back then it was worthless, now the value of the block reward sits at an all-time high of $1,, Today is the anniversary of that first drill into a strange new world—and the day it set its all-time high, $34, Dec 07, · With bitcoin still hovering around its all-time high, with potential to soon eclipse it once again, the community is wondering how best to move forward. For many, there appears to .
Bitcoin all time highsBitcoin hits all-time-high of $29, as price surge continues
Popular trader, known as CryptoGainz on Twitter, told Cryptonews. Last time price was so inefficient, [different] exchanges had [different] prices and [different] currencies denominating BTC had [different] prices when converted to USD".
Greenspan described a scenario in which some traders, including himself, are taking profits in BTC and redirecting those funds into altcoins. Given the speed at which the bitcoin price has broken through resistance levels lately, it could reach a new all-time high at any moment, whatever that might actually be.
When it happens, be prepared for an onslaught of data. And the Fed has no plans to stop. Traders interpreted that as an advertisement for Bitcoin. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Read on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now. News Coins. By Tim Hakki 3 min read.
As the economy began to heal, Fed Chair Jerome Powell announced that the Fed would allow inflation to run a bit higher before the FOMC would contemplate raising interest rates again.
The new strategy crystallized new thinking and new research at the Fed concerning weak inflation. This had the effect of slowing the growth of wages, especially for the working class, who have struggled through stagnant earnings for the better part of four decades. Enter Paul Tudor Jones and other hedge fund heavies , who began buying up Bitcoin in May in anticipation of rising inflation.
The other plank in Bitcoin ramp higher is mainstream financial services embracing the cryptocurrency. In October, online payments giant PayPal announced it would let customers buy, hold and sell a range of cryptocurrencies, including Bitcoin, as well as allow them to actually make purchases with Bitcoin at more than 26 million businesses. The security will likely target accredited investors , which most Americans lack the income or net worth to qualify as.
Accredited investors can also access Bitcoin and other currencies through Grayscale Investments, including its flagship fund Grayscale Bitcoin Trust. These developments, and more like them , are part of a growing trend of regulatory and institutional acceptance of Bitcoin and other cryptocurrencies. All of this could be the moment cryptocurrency backers have been waiting for, and it suggests these virtual currencies could become a permanent fixture of your financial world soon.
So where do we go from here? The real story is more complicated, according to Campbell Harvey, Duke professor and senior advisor to Research Affiliates. Over a time frame of hundreds of years , gold may retain its value. Despite this, gold certainly fills a role as a security blanket for investors who are anxious about the state of the world. For much of the past eight years, as stocks have zoomed, gold has been a dead weight, though. It appears, then, that institutional investors are hoping to get on the ground floor of the new gold.
So, Bitcoin is still comparatively small. As the narrative around, and acceptance of, Bitcoin as digital gold grows, the network will store substantially more value.