Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high
The price of Bitcoin appears to have broken out above $40,000 putting new all-time highs within reach. Bitcoin’s (BTC) price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb. 6, just days after MicroStrategy's pitched Bitcoin to over 1,4000 companies. This breakout above $35,000 earlier this week was significant as it opened the door to a new all-time high test. The final hurdle at $40,000 has prevented BTC from a new all-time high, while many all-time highs were established by altcoins during the past week. Indeed, the crypto market is going parabolic....
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You can’t keep a good decentralized, peer-to-peer, global digital currency down. After a turbulent first month of 2017, Bitcoin closes January strong and gets back to a net gain for the month. Bitcoin Price Pares 2017 Losses. Bitcoin price always seems to struggle at the start of any calendar year, and January of 2017 was no different. Bitcoin had threatened the all-time price record during the first week of 2017, reaching a high of $1,153 USD on the 5th. However, over the next 48 hours, the price bubble bursts, and Bitcoin lost over 25% of its value. Just one week after its 2017 peak,....
Bitcoin price is nearing the $1000 mark for the second time this year, just over a month after the cryptocurrency scaled the milestone at the beginning of 2017. It’s still early days in the year and bitcoin has already seen a dramatic 2017. Trading beyond the barrier in early January, the cryptocurrency’s market capital swelled beyond $17.5 billion. In China, bitcoin prices reached all-time highs in the first week of 2017. Price also scaled beyond $1100 on January 4, nearing an all-time high in the Bitstamp Price Index (BPI) as bitcoin reached gold parity. The following day, price crashed....
A crypto analyst has presented a 39-month analysis that could determine when the XRP price will rally to a new all-time high. The analysis marks a return of this trend, which could see XRP rise as high as $1,000. The 39-Month Cycle Pseudonymous crypto analyst NeverWishing on TradingView has presented a rather convincing 39-month cycle trend that often ends with the XRP price seeing a significant rise. The last time this trend was completed was back in mid-2020 just before the 2020/2021 bull market began. When this trend was marked three years ago, it ended with the XRP price rallying from....
Bitcoin has broken record levels against at least nine world currencies as its U.S. dollar price marches toward $20,000. Bitcoin (BTC) is just a few thousand dollars away from its all-time high near $20,000 U.S. dollars. However, while much of the crypto industry watch Bitcoin’s price action in U.S. dollar terms, BTC has already achieved all-time high prices relative to numerous other world currencies.In an Oct. 22 tweet, Alistair Milne mentioned seven countries in which Bitcoin had already reached its all-time high relative to those countries' native fiat currencies. In the same tweet, he....
As the year kicks off with an all-time high market cap for Bitcoin on its eighth birthday, 2017 promises to be an exciting year for Bitcoin, digital currency and blockchain technology in general. In this first week of the new year, Bitcoin Magazine reached out to a variety of thought leaders and stakeholders in the industry, to offer a look ahead. Roger Ver, Bitcoin Evangelist and Investor. “2017 is likely to be the best year yet for Bitcoin. We are already seeing all-time new highs in terms of market cap. All-time new highs in terms of price per bitcoin are likely just around the corner....