By CCN Markets: Speaking to CNBC’s Futures Now, Fundstrat co-founder and head of research Thomas Lee said that considering the momentum of bitcoin, the dominant crypto asset is likely to take out its all-time high very soon. “Well, you know I think bitcoin ultimately becomes a reserve currency in crypto, bitcoin at $ 9,000 has only been at this level in four percent of its history. We’re deep into a bull market and people are pretty silent about it. I think bitcoin is easily going to take out its all-time high,” said Lee. #Bitcoin is blasting higher, and @fundstrat's Tom Lee
By CCN Markets: The Italian government is reportedly trying to be lenient on some forms of hard-to-tax savings, such as that held in safe deposit boxes. Bitcoin could be a viable investment for these retail investors. The reality is that no government can track every dollar – unless they have something like a blockchain to help them. This reality is part of the reason people believe the dawn of cryptocurrency may come at the hands of certain governments, intent on having a traceable monetary supply. For now, governments mostly benefit from there being an unknown amount of counterfeit fiat currency
Ethereum (ETH), currently the third largest cryptocurrency, saw its network hit all-time high on-chain transaction levels in December — excluding the DAO Hack period from 2016. According to a recent report by market research firm Diar, last month’s on-chain transaction volume hit 115 million ETH, the highest since the network’s genesis. However, despite the new peak, […]
It’s no secret the crypto industry is not particularly at its most profitable moment. However, despite the dire state in which the crypto market has found itself, there are certain people who believe things will turn around in a big way — a new all-time high, even. Among these is Mike Kayamori, CEO of Quinone,
The post Quinone CEO Backs Bitcoin to Reach New All-Time High by 2019 appeared first on CCN
Earlier this year, in February, Tom Lee — co-founder of Fundstrat Global Advisors, the first Wall Street strategy firm to embrace bitcoin — opined that the crypto market had turned a corner and would see new highs in July. Nine months and several year-end price target reductions later, cryptocurrency assets remain firmly in the red. … Continued
The post Nearly Every Major Cryptocurrency is Down at Least 90% from All-Time High appeared first on CCN
Bitcoin price will likely reclaim or surpass its all-time high by the end of 2019, guesstimated Mike Kayamori. The Quoine chief told Bloomberg in an interview that while it is difficult to predict how much time bitcoin would take to establish a new peak, he is sure it would touch it nonetheless. Adding that he believed
The post Bitcoin Price Will Hit New All-Time Highs in 2019: Quoine CEO appeared first on CCN
Throughout the past eleven months, the Bitcoin price has dropped from $ 19,500 to $ 3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average in its four past major corrections, so a similar drop from its all-time high was expected by many investors. But, according to Bitcoin and technology researcher Boris Hristov,
The post Why the Bitcoin Price Could Take a Very Long Time to Reach All-Time High Again appeared first on CCN
Anthony Pompliano, a partner at Morgan Creek Digital Assets and notable security token advocate, believes that the 2018 Bitcoin (BTC) bear market is not over yet. In a recent interview on CNBC’s Squawk Box, Pompliano revealed his prediction that Bitcoin will experience an 85% decline from its all-time high before finding a bottom — implying a price floor of roughly $ 3,000. […]
Anthony Pompliano, who works in Morgan Creek’s Digital Assets division, told CNBC’s Squawk Box on Monday that he believes the Bitcoin price is essentially going to bottom out with an 85% reduction in value from its previous all-time high. Prefacing that his forecast is based on previous experience in the crypto markets, he said: “85%
The post Bitcoin Price Will Bottom at 85% Discount to All-Time High: Morgan Creek appeared first on CCN
Since November 7, the Bitcoin Cash price (BCH) has dropped from $ 640 to $ 190, by more than 70 percent. Prior to the hash power war between Bitcoin Cash and Bitcoin Cash SV, a camp led by CoinGeek, Calvin Ayre, and Craig Steven Wright, the price of BCH plunged from $ 640 to around $ 450. BCH has continued
The post Bitcoin Cash Price Drops 12% to New All-Time Low at $ 190 — What’s Causing it? appeared first on CCN
The Bitcoin Cash (BCH) short interest on Bitfinex has surged more than 300% in November to an all-time high leading up to the November 15 hard fork. According to data from TradingView, the short contracts total 104,531 BCH, equalling $ 54,704,208 at current prices. This is a significant hike from the roughly 25,000 BCH sold short on […]
Bitcoin bears have not been phased by the recent weeks of relative price stability, as short interest on Bitfinex has remained near all-time highs for the better part of the last two months. The next major fundamental event that should provide direction to Bitcoin is the September 30 SEC decision to allow or deny the listing of the Cboe […]
Ethereum (ETH) investors have finally received some reprieve from the digital currency’s month-long selloff, but more pain could be ahead as short interest has just hit yet another all-time high. Over the past 24 hours, Ethereum has jumped 18%, retaking the $ 200 level to finally settle around $ 206.16. While such a move would commonly spark a short […]
While the cryptocurrency market has stopped falling and is currently trading relatively flat, many investors see more pain to come as the short interest for both Bitcoin (BTC) and Ethereum (ETH) have recently reached all-time highs. After being turned away at the $ 7,400 mark, Bitcoin fell rapidly and is currently trading just shy of $ 6,500 […]
With many cryptocurrencies are currently trading at an 80-90% discount from their January highs, it can be difficult to determine which will actually recover and which will disappear altogether. While looking for the greatest discounts relative to previous and future value is undoubtedly a strong investment technique, the cryptocurrency market might make you look for the […]
Venezuela Localbitcoins users traded a record 2.7 trillion bolivars in the week ending April 14, new data shows.
$ 55 Million A Week In Bitcoin
Coming just after the debt-ridden country’s parliament formally approved a law requiring all government institutions to accept its Petro cryptocurrency by July, the astonishing numbers dwarf any other week since records began in 2013.
Trading figures are compiled by monitoring site Coin Dance, which uses official exchange rates for the US dollar, putting the hard currency equivalent at around $ 55 million.
With the weekend behind us, it appears most cryptocurrency markets will slowly start recovering lost value again. So far, nothing in the top twenty stands out exactly, but further down the list, we see the DigixDAO price ramp up pretty quickly. With a current value of $ 417.27, the DigixDAO price has reached a new all-time high.
Goldman Sachs head of global investment research Steve Strongin has pronounced the eventual death of all but “a handful” of cryptocurrencies as prices rebound.
‘Most, If Not All’ Coins Have Peaked – Goldman’s Strongin
In a note widely circulated among naysayers in the mainstream press such as Russia Today, Strongin took a harder line than CEO Lloyd Blankfein and even JPMorgan CEO Jamie Dimon, going on record to forecast that “most, if not all, will never see their recent peaks again.”
Bitcoin has led a fresh resurgence in the price of the vast majority of crypto assets this week as positive signs from a US regulatory meeting Tuesday fueled a return to confidence in their prospects.