Bitcoin is up more than 22% to almost $9,000 in the first 15 days of 2020, the coin’s best start of the year surge since 2012. With institutional interest gaining traction, and adoption and name recognition on the rise, this decade looks promising for the leading cryptocurrency.
Reasons for Bitcoin’s Bull Run
Several factors are fueling Bitcoin’s bullish run. Global trading company CME Group launched options tied to Bitcoin futures this week, establishing a new vehicle for institutional investors to buy in to the digital currency.
Further, a survey of financial advisors showed that a higher proportion expect to allocate to digital currencies in 2020 than in the past. And 64% of advisors expect the price of Bitcoin to appreciate over the next five years, up from 55% of advisors in last year’s survey
“I think you’re going to see greater mainstream adoption,” Michael Conn, managing partner at Quail Creek Ventures, told The Wall Street Journal. “You can see this happening already with Fidelity and other institutional players moving into the space.”
Others, like Jeffrey Gundlach, CEO and CIO at DoubleLine Capital, recommended investors pile into Bitcoin in 2019 before its 95% surge through the year. He recently doubled-down and stated that he thinks the coin could nearly double its value by year-end:
“I think bitcoin’s going to go higher in the near term. I think it could go as high as $15,000 in 2020,” Gundlach said on his podcast last week.
Impact of Halving and Influx of Institutional Investors
Bitcoin investors are also hoping on the coin’s “halving” will lead to higher prices. The event is set to occur on May 12 and cut the amount of BTC awarded for blockchain mining in half. As the drop in coin reward goes from 12.5 coins to 6.25, the reduced supply entering the market from miners is likely to cause the price of the asset to rise.
Yesterday NewsBTC reported that Fidelity Digital Assets (FDAS) — the cryptocurrency-centric arm of investment firm Fidelity — has entered a partnership with a London-based crypto asset firm Nickel Digital Asset management.
In a bullish move to expose digital assets to institutional investors in Europe, the partnership is designed to help address the lack of back-office services such as custody of cryptocurrencies among major financial providers.
Following Bitcoin’s run, smaller digital currencies like ETH and XRP are also up, gaining 25% and 20%, respectively, this month.
Bitcoin was trading at $8,750 per coin at the time of publication.
Featured Image from Shutterstock The post appeared first on NewsBTC. origin »
The crypto market is pumping yet again before the weekend, almost after a month, as the last time Friday pump came was on September 3rd. With this bullish start at the start of October and quarter four, Bitcoin went to hit $47,800, up 21% from the September low of 39,500 10 days back.
According to data from Skew Research, Bitcoin is currently off to the best start to a year since 2012. The world’s largest cryptocurrency entered Q1 2020 with an 18 percent growth, which when compared to 2019’s 10 percent, shows it’s up for an eventful year.
2019 was a year of two halves, with both periods recording contrasting narratives with respect to the growth of the digital assets market.
The first half of 2019 was off to a slow start, but pickedThe post Bitcoin trading pairs accounted for 48.
In another bullish explosion, BTC price has charged through $8,800. On Bitstamp, the price climbed as high as $8,863. In 2020, to date, BTC has recorded gains of 19. 20%, which is the best start of the year since 2012.
Options on bitcoin futures from Chicago Mercantile Exchange got off to a good start on Monday, seeing trading volume reach 55 contracts in the opening session.
The pressure is mounting on the major economies of the world. This can be clearly evidenced by observing central bank monetary policy over recent years in various countries. Bitcoin was envisaged to solve this problem but more people need to start using it for that to occur.
Bitcoin price is trading above the $7,980 support level, with range moves. BTC to USD is likely to start a new surge if it clears the $8,160 and $8,220 resistance levels. Key Takeaways: BTC/USD Bitcoin price is showing a lot of positive signs above the $7,980 support against the US Dollar. BTC/USD is following a […]
Over the past seven months, analysts have been wondering when the crypto market is going to revert back to a bull phase. Related Reading: Ripple CEO: These 3 Key Reasons Are Why XRP is Not a Security You see, when Bitcoin started rallying from $4,000 higher in early-2019, analysts and investors thought this was the start... The post appeared first on NewsBTC.
Ethereum is showing positive signs above the $142 and $140 supports versus the US Dollar. ETH is likely to smash $148 and $150 to start a new rally, especially if bitcoin rallies above $8,200. Ether price is holding the key $140 and $142 support levels against the US Dollar.
January 7 was a momentous day for Bitcoin, having finally crossed the $8000 level for the first time since late-November. With such a great start to 2020, Bitcoin could have more surprising upward priThe post Bitcoin could breach descending channel to $9800 by next month appeared first on AMBCrypto.
Litecoin (LTC) is getting more attention at the start of 2020, as the asset may be signaling either an altcoin rally or further Bitcoin (BTC) appreciation. The coin is gaining traction after vaulting the $50 level again.
Bitcoin is trading back in an uptrend above the $7,800 and $7,700 support levels against the US Dollar. BTC could start another strong uptrend if it settles above $8,200. After a downside correction, bitcoin price found support near $7,700 against the US Dollar.
If the idiom 'off to a fresh start' needed an example, Bitcoin will be an ideal candidate at the moment.
After starting the year at a price under $6900 on 2nd January, the largest digital asset seeThe post BTC Futures' high premium rates on CME highlights bullish sentiment appeared first on AMBCrypto.
While Litecoin started 2019 with a massive rally leading up to the asset’s hard-coded halving, the fifth-largest cryptocurrency by market cap later retraced almost the entire rally. It also led the way for a massive altcoin run, just before Bitcoin began to skyrocket and caused the alt market to correct.
Bitcoin price is holding the key $7,670 support area and consolidating losses. BTC to USD is likely to start a fresh rally if it clears the $7,950 and $8,000 resistance levels. Key Takeaways: BTC/USD Bitcoin price is currently trading above the $7,670 and $7,590 support levels against the US Dollar. BTC/USD is following a declining […]
Ethereum extended its decline below the $140 support versus the US Dollar, while bitcoin dived below $8,000. ETH bulls must protect the $135 support to start a decent recovery. Ether price failed to recover and declined further below $140 against the US Dollar.
After posting what appeared to be a grim break below $8,000 yesterday, Bitcoin’s bulls have thus far been able to step up and defend a key monthly support level that is the only thing stopping BTC from posting significantly further losses.
A sudden jump in key metrics in both the futures and spot markets indicates strength and institutional sponsorship behind Bitcoin’s latest rally, a factor that could mark the start of an extended winning streak for the bulls.
Bitcoin (BTC) has had a great start to 2020, rallying 16 percent higher from the $6,800 lows put in last week. Although some say it is too early to tell if the cryptocurrency market is out of a bear phase, a prominent analyst who called this latest move is convinced BTC has further to surge.... The post appeared first on NewsBTC.
Bitcoin (BTC) has had a great start to 2020, rallying 16 percent higher from the $6,800 lows put in last week. Although some say it is too early to tell if the cryptocurrency market is out of a bear phase, a top executive is convinced that Bitcoin will perform extremely well over the next 12 […]
The post Why a top executive expects Bitcoin to surge 150% in 2020 appeared first on CryptoSlate.
Over the past 3 days, Bitcoin has witnessed a surge of 12.3 percent, a development that took its price valuation above the $8000 mark. However, the first week of January was found to be more bullish fThe post Bitcoin off to slow start in 2020 as privacy coins impress appeared first on AMBCrypto.
SBI and GMO will soon start to extract Bitcoin at Whinstone Inc., a Northern Bitcoin AG subsidiary located in Rockdale, Texas. Northern Bitcoin is the largest crypto mine in the world, but SBI and GMO may help it to get even bigger by bringing in new investors. In the past few years, it has decided […]
Bitcoin has rocketed to a 30-day high after posting one of its largest intraday rallies in weeks, but closer inspection suggests the sudden breakout may not mark the start of an uptrend. The rally, which began around 9 pm UTC Monday, injected more than $4 billion into market capitalization over five hours and took BTC […]
The post Key data shows Bitcoin uptrend is at risk as Bitfinex longs suddenly plunge appeared first on CryptoSlate.
One of the longest-standing debates in Bitcoin, regarding the optimal block size, may slowly start to fizzle away as scaling solutions like SegWit make transactions smaller, effectively increasing throughput.
Bitcoin's performance since the start of 2020 has been positive. With the first week almost coming to an end, the price of the world's largest crypto-asset is hovering near $7,500. In other news, BitcThe post OKEx dominates Bitcoin Futures market as BitMEX trails appeared first on AMBCrypto.
While Venezuela’s government remains committed to its Petro digital currency project, a leading fast-food restaurant in the country has announced to now start accepting cryptocurrency payments. In a recent twitter announcement, Burger King Venezuela has partnered with Cryptobuyer – payment platform – to enable customers to pay using Ethereum, Litecoin, Dash, BNB, Tether, and Bitcoin. […]
Bitcoin and the aggregated crypto markets have had a bullish start to 2020, with BTC surging from its recent lows of $6,800 that were set when bulls attempted to spark a sharp sell off earlier this week.
After a lackluster 2019, with Bitcoin (BTC) taking the spotlight and altcoins continuing to tank, the market for crypto funds seems to be dying down. The new year seems to start with the capitulation of fund-based investments, as investors start to shed their crypto-based positions.
After a lackluster 2019, with Bitcoin (BTC) taking the spotlight and altcoins continuing to tank, the market for crypto funds seems to be dying down. The new year seems to start with the capitulation of fund-based investments, as investors start to shed their crypto-based positions.
Bitcoin (BTC) is off to a great start to 2020, surging over 5% over the past 24-hours after facing some strong selling pressure yesterday. This positive start to the new year comes after the crypto posted a nearly 100% climb in 2019, making it one of the world’s best performing assets last year.
The start of the new decade was a fresh start for Bitcoin too as the coin noted a sudden surge on 3 January, pushing its price above $7,200. According to recent research by Arcane, it was found that tThe post Bitcoin's volume revisits April 2019 lows as liquidation spurts appeared first on AMBCrypto.
Despite Bitcoin’s inability over the last couple of months to cross the crucial $8000 mark, the coin was found to have recorded gains of over 85% since the start of 2019. However, not everyone seemeThe post Bitcoin has no real utility in the world: Lending Tree's Kapfidze appeared first on AMBCrypto.
Bitcoin Cash has a bullish short-term and bearish medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern is forming The daily time frame shows that the cryptocurrency may start to target the $280 level Bitcoin Cash is showing bullish bias as the fifth-largest cryptocurrency continues to firm above […]
The post Bitcoin Cash Turning Bullish, Holds Above $200 appeared first on Crypto Briefing.
So apparently, it was Christmas this week… Did anybody get any bitcoin? Bitcoin Price So we didn’t really get much of a Christmas present when it came to bitcoin price this year. A push at the start of the week took us to $7.
Bitcoin has been named the best performing asset of the last ten years. A $1 investment at the start of the decade would have returned a colossal $90,000 if sold today. The Bitcoin network was launched on January 3, 2009.
The middle eastern nation of Lebanon has been suffering its worst civil and economic crisis since its civil war in the mid-1970s. With no end in sight, the desperate yet resourceful population may start to explore Bitcoin as a weapon against the corrupt political and banking system.
The total crypto market cap is holding the key $182. 0B and $180. 0B support levels. Bitcoin price is trading above the $7,200 support and it could start a fresh increase. Litecoin (LTC) price is slowly rising and it might test the $41.
Ethereum is still trading above the $122 and $125 support levels against the US Dollar. The price could start a decent increase above the $128 and $130 resistance levels. This week’s major bearish trend line was breached with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is just holding the key $7,120 and $7,000 support levels against the US Dollar. A bearish break below the $7,000 support could start a short term downtrend. There are two bearish trend lines forming with resistance near $7,240 and $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Bitcoin crossed above a key resistance and several altcoins appear on the verge of a short-term breakout, suggesting the Santa Claus rally is about to start
Bitcoin price went through a pre-Christmas rally, with prices vaulting the $7,500 level. BTC also saw a collection of factors that suggest 2020 may start on a bullish note. Bitcoin Price Avoided Crash to $5,000, For Now BTC, previously expecting to lag around $6,500 and slide further in early 2020, saw a relief rally late on Sunday, which erased the previous losses.
Outlier Ventures, a venture capital firm, said that 2020 will be the start to a new phase in crypto, bitcoin, Ethereum, and blockchain following ten years of development and speculation. The firm’s head of research Lawrence Lundy—which has invested in major cryptocurrencies like bitcoin, Ethereum, Cosmos, Brave, and Chainlink—said that the next ten years will.
Bitcoin didn’t start the week off hot. On Monday and Tuesday, the leading cryptocurrency tanked, falling by 10 percent in 48 hours’ time. Altcoins followed suit, with Ethereum’s price performance actually going into the red on the year, accentuating the severity of this strong sell-off.
Bitcoin Magazine
Harvard Triples Bitcoin ETF Stake, Makes It Largest Public Holding
Harvard’s endowment has made Bitcoin ETFs its largest publicly disclosed investment.
This post Harvard Triples Bitcoin ETF Stake, Makes It Largest Public Holding first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Seismic has raised $10 million in a round led by a16z to break the privacy barrier that’s kept fintechs from using public blockchains for services like private credit and cash accounts.
American Bitcoin Corp. now holds 4,004 Bitcoin. The accumulation comes as the company executes its dual strategy of scaled mining and strategic purchases.
CMT Digital now commands a $136 million investment vehicle, leveraging its trading heritage to identify and scale promising infrastructure and DeFi protocols. In a press release dated Nov. 5, the Chicago-based crypto venture firm CMT Digital announced the final close…
Chainlink is integrating Chainalysis's real-time risk data, allowing institutions to enforce compliance policies as executable code across any blockchain.
