|Day's range||7,153.306 - 7,350.41|
|52-week range||4,106.98 - 13,796.49|
|Volume (24 hrs)||37.49B|
|Volume (24 hrs) all currencies||37.49B|
Yahoo Finance Editor-in-Chief Andy Serwer sits down with Fanatics Executive Chairman, Philadelphia 76ers Partner, and REFORM Alliance Co-Chair, Michael Rubin.
Bitcoin Cash (BCH), one of bitcoin’s forks and the fourth-largest cryptocurrency by market capitalization, has just undergone its first halving at block number 630,000.The post Bitcoin Cash just went through its first halving appeared first on The Block.
It’s a bullish start to the day for the pack. A move back through to early highs would be needed, however, to avoid a reversal.
Bitcoin trading volumes grew sharply in Q1 of 2020 amid the coronavirus pandemic.The post Bitcoin trading volume on exchanges grew 61 percent in Q1 compared to previous quarter appeared first on The Block.
It’s a mixed start to the day, with Ripple’s XRP bucking the trend early on. Failure to move through early highs will bring support levels into play.
Bitcoin looks to be on the brink of a major breakout as it coils up just beneath the crucial $7,000 level of resistance. The test of $7,000 comes after a volatile trading session that saw Bitcoin surge from $6,600 to $7,300 before being met with a substantial sell-off. Bearish pressure eventually pushed price back below $6,800, although a bounce this morning has lifted it back into a bullish posture. If Bitcoin can close Friday's daily candle and Sunday's weekly candle above $7,150 it would confirm a bullish breakout, which would pave the way towards continuation to the upside. Potential targets begin to emerge at both $7,400 and $7,850 if a breakout is to come into fruition, while a rejection from
Thesis, the team behind the Keep protocol, has secured $7.7 million in a fresh funding round as the company is set to launch tBTC v1 on April 27.The post Venture production studio Thesis closes a $7.7 million funding round as it prepares for tBTC's launch in April appeared first on The Block.
Bitcoin has stunned critics this morning as it dusted itself off with a staggering 6.22% rally to the upside. At the time of writing it is trading at around $6,680, just below the level of resistance at $6,850 which was tested on numerous occasions throughout March. A breakout and daily candle close above $7,000 would invalidate any bearish theories about Bitcoin over the coming weeks as it looks to climb back to the $7,800 mark. However, Bitcoin was rejected from $6,850 on March 20 and again on March 25, with price proceeding to fall by 20% and 16% respectively. While it's true that a level of resistance becomes weaker upon every test, another rejection here would almost certainly confirm continuation
It’s a mixed start to the day for the pack. A sell-off could be on the cards should the majors fail to move back through early highs.
It’s been a mixed start to the day for the majors. Failure to move back through the early highs could see support levels come into play.
Exchange-traded fund (ETF) pioneer WisdomTree Europe has announced that it will be launching a physically-backed Bitcoin exchange-traded product (ETP) as appetite grows for digital assets. The fund, which will allow investors to speculate on Bitcoin without having to go through the onerous process of buying the underlying digital asset themselves, has been launched to provide easier access for institutional investors. According to a press release published earlier today, the fund entitles each investor to a certain amount of Bitcoin, with a "share entitlement" relative to their investment in the fund. This is similar to gold ETPs where funds are held in secure custody rather than held by individual investors. WisdomTree has announced that it will be working with a BitcoinThe post WisdomTree launches new Bitcoin exchange-traded product appeared first on Coin Rivet.
It’s a mixed start to the day after Monday’s sell-off. Failure to test resistance levels by the early afternoon could lead to another reversal.
Litecoin makes an early run for it as the broader market finds much-needed support. It could get choppy by late morning, however.
Japanese cryptocurrency exchange BitFlyer, recognized as one of the 10 exchanges with “real” trading volumes by asset management firm Bitwise, has added trading support for XRP cryptocurrency.The post Japanese crypto exchange BitFlyer adds trading support for XRP appeared first on The Block.
It’s back into the red for the majors. Failure to move through to key levels by late morning could add more pressure later in the day.
Bitcoin has such a volatile and unpredictable nature that many people wonder whether there is any value in investing in the digital asset. Investing in Bitcoin is certainly not for the faint-hearted, but it’s an appealing option for those who believe in its long-term potential, who want to diversify their portfolio, and who have a high level of risk tolerance. Why is Bitcoin so volatile? The price of Bitcoin has been on a roller-coaster ride over the past few years and, so far, the trend shows no signs of abating. Just last weekend, Bitcoin fell by 4.6%, and on Monday it was hovering around $6,600 – a far cry from the summer when it broke through the $13,000 mark. TheThe post Why Bitcoin has value despite its volatility appeared first on Coin Rivet.
I was very excited to try and stare into my crystal ball and predict what exciting new changes and transformations 2019 would hold in store when I wrote this column in the winter of 2018. Now that the dust is starting to settle on 2019, I felt we should revisit those predictions and see just how wrong I was before I can start delivering more incorrect predictions that few people should believe for 2020. So here goes: The dApp graveyard – 2019 was a tough year for dApps. I’m yet to see a dApp that has figured out a product/market fit and is executing. I have no doubt that 2019 saw a lot of these projects and associated tokens abandoned.The post The hits and misses of last year’s predictions appeared first on Coin Rivet.
Galaxy Digital, the cryptocurrency investment bank helmed by Mike Novogratz, pocketed $58.4 million in net income in the first three quarters of 2019, a 133% jump from the same period last year. The post Galaxy Digital saw first three quarter net income surge by 133% in 2019 appeared first on The Block.
A primal societal fear can cause a public panic beyond reason. It’s not bad. It can motivate. In 1938, American audiences were fearful of falling victim to Japanese militarism, Bolshevism, or Nazism. When they heard a radio adaptation of the 19th century novel “War of the Worlds”, public panic that a Martian invasion was real shut down phone switches and electrical grids even thousands of miles away from the apparent New York City invasion. Though it was probably impossible to gauge public reaction in Stalinist Russia, “Alexander Nevsky” - a 1938 propaganda masterpiece describing, allegedly, a 13th century Teutonic invasion - is chilling to this day. Bitcoin is one of the most positive developments of the millennium and will, IThe post Zeitgeist and Bitcoin appeared first on Coin Rivet.