Day: February 6, 2021

Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high

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Bitcoin’s (BTC) price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb. 6, just days after MicroStrategy’s pitched Bitcoin to over 1,4000 companies.  This breakout above $35,000 earlier this week was significant as it opened the door to a new all-time high test. The final hurdle at $40,000 has prevented BTC from a new all-time high, while many all-time highs were established by altcoins during the past week. Indeed, the crypto market is going parabolic as most investors have been seeing substantial increases in…

Is it too late to buy Bitcoin now?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is it too late to buy Bitcoin now? That is one of the most frequently asked questions from new potential Bitcoin investors. The simple answer is: No! But be very careful about potential setbacks. Nothing just goes up in a straight line. Not even Bitcoin. 00:00 Intro 02:18 Bitcoin Technical Analysis 03:09 Bitcoin vs. Gold 05:43 2013 Tweet about Bitcoin 06:38 Maisie Williams Bitcoin Tweet 07:15 How to LONG/SHORT Bitcoin 08:04 Is it too late to buy Bitcoin now? 11:52 Outro BITCOIN…

Here’s where BTC may go next

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The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending Bitcoin breakout to a new all-time high. In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for Bitcoin. The longer BTC took to break out of $40,000, the higher the probability of a potential correction was imminent. Thus, it’s critical for Bitcoin to…

Bitcoin vs Black Lotus! Which is the Better Investment?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io How to Go from Bronze to Mythic in 30 days- 3 Tips to Winning More Magic Tournaments The #1 Best Book on MTG Deck Building!- My MTG Adventure Story- “Magic Life”- Take the #1 FREE DECK WORKSHOP! – SUB MY OTHER CHANNEL FOR LIFE HACKS AND ADVICE- JOIN THE MAGIC FOR GOOD GROUP- WATCH MY TEDX TALK- FACEBOOK- TWEET ME- INSTAGRAM- SNAPCHAT- THANK YOU PATRONS!- Travis Wizard is a channel devoted to helping Magic players move, think, and feel better. #MagicForGood #GameShape…

Mining may be more profitable than buying

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For years, institutional investors have been watching Bitcoin from afar with bewilderment and amusement, but with little to no participation. Although they were attracted by the high returns, they were scared away by Bitcoin’s infancy, lack of rules and the myriad headlines warning of hacks, bankruptcies and scams. In its early years, Bitcoin (BTC) lacked the on- and off-ramps required for most institutional investors, making it virtually impossible to get approved by any corporate investing mechanism. Related: Why institutions suddenly give a damn about Bitcoin Pre-2017 Bitcoin investing But a…

Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum – Bitcoin News

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Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with 24-hour trading volume in USDT (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined. Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought by the New York attorney-general against Tether parent-company iFinex for fraud and market manipulation, among numerous other critiques, isn’t even close to defusing trader interest in the most popular stablecoin. The Competition Grows Legs While, of course, there are competing stablecoins, none have managed to meaningfully…

Ether (ETH) Reaches New Record High of $1,743

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As investors await the launch of Ether futures contracts from the Chicago Mercantile Exchange in the coming week, ETH continues to pull in constant gains. Ether (ETH) has reached its record high of over $1,700 on the 5th of February around 10:30 a.m. ET. Data by CoinDesk revealed that the world’s second-largest crypto asset by market cap surged 11.2% to $1,743. ETH Climbs Record High Following its recent increase to reach a new record high, the price of ETH fell. At press time, ETH is trading at $1,664.84, according to…

Bitcoin Mining Stocks [UPDATE] | BTBT FRAUD & INSTITUTIONS are buying MARA & HUT! – HIVE, ARBKF

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In todays video i’ll be giving you guys the scoop about what’s happening in the bitcoin mining world. I have some new information that I’ve been looking at that I know you’re going to love including a look at who is leading in terms of performance so far in January, i’ll be talking about what this sell off means and why i think you should not be selling here guys and lastly we’ll be going over some news about bit digital that…

Twitter CEO Announces Running His Own Bitcoin Node, Here’s Why It’s Significant

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Long term Bitcoin proponent and Twitter CEO Jack Dorsey announced on the platform on Feb 5 that he’s now running a Bitcoin node and doing his part for the network. Dorsey posted a tweet with a picture of a node setup captioned “running Bitcoin”.  Jack Runs A Bitcoin Node and Pays Tribute to Hal Jack Dorsey has 5.2M followers on Twitter and on press time, the tweet has accumulated 23K+ likes and 3.3k+ retweets, which makes it a major endorsement for Bitcoin by a top corporate figure, normalizing its status…

What Does Hashrate Mean? – CoinDesk

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“Hashrate” refers to the total combined computational power that is being used to mine and process transactions on a Proof-of-Work blockchain, such as Bitcoin and Ethereum (prior to the 2.0 upgrade). A “hash” is a fixed-length alphanumeric code that is used to represent words, messages and data of any length. Crypto projects use a variety of different hashing algorithms to create different types of hash code – think of them like random word generators where each algorithm is a different system for generating random words.For instance, the hash for “coindesk”…