Some say the "halving" will send Bitcoin's price flying, and some say it will not. Still, the king of cryptos is undeniably on a tear since Jan. 3, and the halving is not until May. Although BTC has not closed above the $9,000 level yet, prices over $10,000 seem to be within reach as of the moment. Here to possibly accelerate BTC's ascent are a few key fundamental events for Bitcoin this year (excluding the halving).
At $2 shy from reaching $9,000 on Thursday, Bitcoin settled at $8,911 as of press time, but beyond that $9K psychological level are more price targets for BTC.
A survey conducted by Zogby Analytics found out that 36% of the 505 small and mid-sized businesses in the U.S. that have less than $5 million revenue and fewer than 100 employees accept cryptocurrencies as payment for goods and services.
A popular trader with close to 60k followers on Twitter who goes by galaxyBTC posted a logarithmic chart that shows if BTC could break past a trendline, it could go parabolic and hit a $100,000 value.
Bitcoin (BTC) is at its highest point in two months when back in December, a usual buoyant month for investors, the flagship crypto was trapped under $8,000 as no Santa Clause rally took place. Now, at $8,600, the healthy climb to the upside since the start of the year is still unlike the price movements of BTC seen recently.
The new year almost seemed like a downer for those holding Bitcoin (BTC) as the first three days of January have seen the flagship crypto grazed below the $7,000 psychology level. A few days after that and BTC is sitting comfortably above $8,000, that at one point, nearly touched $8,500.
Is it now just a distant reality to see BTC back in its glory days? For the chief commercial officer of Atlanta-based bitcoin payment service provider BitPay, it's not.
Did Bitcoin (BTC) just make a "gold move" after news broke of Iran retaliating with missile strikes on U.S. bases in Iraq?
South Korea has roughly the same stance as China when it comes to cryptocurrencies: they're a bit anti-crypto but pro-blockchain.
Bitcoin (BTC), as of writing, is nearing $8,000 and is looking to cap off new gains from an initial move on Sunday. But what led the crypto market rally at the start of the week isn't the most popular coin by market cap, it's Ripple (XRP).
Bitcoin (BTC) is not off to a good start as the flagship crypto steadied at $7,100 on the first day of 2020 and declined by more than 3% the following day, permitting it to revisit $6,000 levels.
Lending Tree Chief Economist Tendayi Kapfidze even created a new moniker for Bitcoin: a pyramid scheme.
Rounding up the best investments in the 2010s, the most profitable among asset classes are cryptocurrencies. The breakthrough technology with its forerunner in Bitcoin (BTC) has led a decade of astronomical returns for those who believed early on in what this breed of new "investments" has in store.
No major surprises, no fundamental data that would jolt investors into either buying or shorting the crypto, and any chance of a Santa Claus rally would have to wait until next December.
It is no surprise that Bitcoin (BTC) miners compete with each other to get a single Bitcoin in circulation and that they also require the help of supercomputers to work out the complex math problems that unlock a new BTC. This computing power consumes extortionate amounts of electricity, and the Chinese are well-aware of this, which is why they are forcing miners to scale down their operations.
António Guterres, the United Nations secretary-general, has one message for the intergovernmental organization: "embrace blockchain."
Novogratz's projection that he tweeted on Saturday is a little more modest at $12,000.
China's love affair with blockchain continues to flourish first with news of a bond issuance dependent on the decentralized technology and now with the Shenzhen Stock Exchange (SSE) launching an index tracking that listed several blockchain firms.
Ethereum, the second most popular coin by market cap, was at its highest in 2019 at $360. Now, it's chasing $240 in January with its current price of $125, as of press time.
Bitcoin (BTC) "hodlers," or those who prefer to own the popular cryptocurrency for the long run, are expecting for the halving event scheduled next year to be a full-on bullish event.
Without any heads up, YouTube bans the cryptocurrency videos of not just YouTube nobodies but of some of the well-known crypto influencers in the video-sharing platform too.
There's a reason why Jack Dorsey would prefer to have Twitter moved to a blockchain platform.
