Category Archives: Bitcoin

While a bitcoin exchange-traded fund (ETF) would be a long-term positive, in the short term it could hurt the price of the leading cryptocurrency as it would draw institutional money from the Grayscale Bitcoin Trust (GBTC), currently the only way for some on Wall Street to gain exposure to bitcoin, JPMorgan analysts wrote in a […]

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Wrapped Bitcoin ‘Burns’ Outpaced Minting for the First Time in December – CoinDesk  CoinDesk

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PARIS, FRANCE – JANUARY 08: Bitcoin now trades above $40k, here’s what’s different about the current … [+] rally (Photo illustration by Chesnot/Getty Images) Getty Images Bitcoin now trades over $40k, another all-time high, boosting the cryptocurrency’s stellar run from 2020. This next milestone comes a week after it topped $30k. Here’s what’s different about […]

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READING, England: Bitcoin achieved a remarkable rise in 2020 in spite of many things that would normally make investors wary, including US-China tensions, Brexit and, of course, an international pandemic. From a year-low on the daily charts of US$4,748 (£3,490) in the middle of March as pandemic fears took hold, bitcoin rose to just below […]

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Bitcoin mining difficulty adjusts to a new record high above 20 trillion

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It’s on Saturdays and Sundays, when most other assets barely budge, that Bitcoin tends to go particularly nuts. Take the first weekend of 2021. Coming off a 300% gain last year, the world’s largest digital coin rose as much as 14% Jan. 2 and another 10% Jan. 3, a period when most of Wall Street […]

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Bitcoin’s mining difficulty just reached a record high above 20.6 trillion as more people are mining at a larger scale than ever before thanks to ballooning mining revenue and bitcoin’s parabolic price rally. “A new difficulty all-time high is no surprise considering mining revenue has tripled in recent months,â€� said Edward Evenson, business development lead […]

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Deluge of Would-Be Bitcoin Traders Prompts eToro to Put Out the Unwelcome Mat – CoinDesk  CoinDesk

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A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters Breakingviews) – Bitcoin is an economics lesson masquerading as an asset. The value of the cryptocurrency took over a decade to top $20,000, yet it then eclipsed $30,000 roughly […]

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