Day: December 12, 2020

IPO Windfalls from Airbnb Could Boost Bitcoin: DCG CEO

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Aside from MicroStrategy raising $650 million for Bitcoin this past week, one of the biggest news on financial Twitter was the Airbnb IPO. After months and even years of anticipation, the global peer-to-peer rental service went public on the stock market. While this came in the middle of a pandemic when the firmโ€™s profits are slipping, the markets bid it higher anyway. Airbnbโ€™s stock, ABNB reached a $100 billion valuation just after it began trading. Further, the shares now trade for $139, despite the IPO closing at $68 per share.…

Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Reserve Currency

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Morgan Stanleyโ€™s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the worldโ€™s reserve currency. โ€œDo not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever trust,โ€ he warned governments. Bitcoin Is on Its Way to Becoming the Worldโ€™s Reserve Currency Morgan Stanley Investment Managementโ€™s chief global strategist and head of emerging markets, Ruchir Sharma, published an opinion piece in the Financial Times on Wednesday. He explained how bitcoin is making progress…

XRP Tanks Following Hyped Airdrop That Catalyzed Parabolic Rally

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XRP has given up a serious percentage of its recent gains, with the cryptocurrencyโ€™s parabolic rally fading and showing few signs of strength as sellers rise with full force. The cryptocurrencyโ€™s parabolic rally came about shortly after it plunged to lows of $0.23 before rallying to the top of its multi-year trading range around $0.30. The break above this level came about swiftly and allowed it to see some immense momentum. Adding fuel to this sharp price rise was mounting hype surrounding the airdrop distributed to XRP investors yesterday, which…

How to use cryptocurrency hardware wallet in Hindi – COOLWALLET wallet review – Unboxing, Setup, etc

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BTC drops, XRP is โ€˜toxic waste,โ€™ Facebookโ€™s Diem in trouble: Hodlerโ€™s Digest, Dec. 6โ€“12

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Coming every Saturday, Hodlerโ€™s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more โ€” a week on Cointelegraph in one link. ย  Top Stories This Week Bitcoinโ€™s price correction continues, dashing hopes of $20,000 in 2020 What a difference 10 days makes. At the start of the month, the markets were euphoric as Bitcoin touched a new all-time high. But at some points this week, BTC has been down 10%…

Bitcoin Weekend Continuation Targets (Spoon Time) November 2020 Price Prediction & News Analysis

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This Technical Indicator Suggests Bitcoin is About to See Massive Volatility

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Bitcoin is so far seeing a quiet weekend, with bulls taking control of its price action as they hold it above $18,000. This level was broken below earlier this week, but buyers were able to find enough support to thwart any intense selloff from here. Although the crypto is holding strong above this level, it is important to note that the entire market is still on shaky ground and may remain in a precarious position until BTC can break firmly above $19,000. This has long been a pivotal level for…

Investing My Military Pay in Bitcoin ๐Ÿ‘พ Basic Guide

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Bitcoin Moves Back Toward $19,000 as MicroStrategy News Spreads

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Bitcoin is pushing higher after plunging as low as $17,600 late last week. The price of the leading cryptocurrency has pushed to $18,800 as of this articleโ€™s writing, reaching its highest price in many days. The cryptocurrency slumped last week as the U.S. dollar underwent a slight bounce. Further, many argued that with stringent crypto-asset regulation on the horizon, there were many marginal buyers that were hesitant to add to their positions. Bitcoinโ€™s rally comes in the news that MicroStrategy will be purchasing over $600 million worth of BTC. Related…