Bitcoin gets closer to the all-time high. Up nearly $1000 on the day
on November 24, 2020 at 3:01 pm
While gold slumps, bitcoin surges The price of bitcoin on the coin base exchange is up nearly $1000 on the day to $19,400 The high for the day reached $19,423.
Record high in sight as Bitcoin clears $19,000
on November 24, 2020 at 12:51 pm
Bitcoin looks to hold above $19,000 now after a bit of a push and pull earlier This is the first time in three years that Bitcoin is trading above $19,000 and it is tough to fight the rapid ascend in the price given the momentum.
Bitcoin rebounds as consolidation near the high continues
on November 19, 2020 at 6:26 pm
The corrective move of the recent run higher stalled between 38.2% to 50%. The price of bitcoin (on the Coinbase exchange using weekend data) has been on a huge run to the upside. Since bottoming most recently in September, the price has move up some 83.7% (see daily chart below). That is a pretty good run,
3 reasons Bitcoin won't become an everyday currency
on November 18, 2020 at 11:49 pm
This commentary from Bridgewater founder Ray Dailo on the leading cryptocurrency, 3 reasons it won't be used in everyday transactions: 1. Its "too volatile for merchants to use" the Bridgewater Associates founder said in a tweet.
Bitcoin sees a quick drop after breaching $18,000 earlier
on November 18, 2020 at 5:52 am
Bitcoin falls to the lows for the day just below $17,300 The easy line of thinking is that after the parabolic move has taken out another target, some profit-taking is due with the early buyers offloading some of their "stock".