CNBC Analysts Explain Bitcoin Price Surge on Mainstream TV
CNBC analysts including Brian Kelly, Kelly Evans, David Faber and Sara Eisen have analyzed the recent price surge of Bitcoin in their TV presentations. They told hundreds of thousands of real-time viewers that factors of the growth have seen an increase in demand, currency devaluation in China & India, and increasing capital controls. Earlier this week, when the value of Bitcoin began to increase rapidly after breaking multi-month highs, investors and experts including Barry Silbert indirectly called out mainstream media outlets as well as analysts that failed to discuss the rising....
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Recently, analysts at CNBC stated that Bitcoin will most likely reach its $1,000 milestone before the Dow surpasses 20,000 - and CNBC looks likely to be accurate once more. The Dow Jones Industrial Average is set to reach 20,000 points, which is considered by investors and the Wall Street as a major milestone. In the beginning of 2016, the Dow opened at around 17,150 points. Throughout the year the Dow continued to increase but in the final months, it stumbled, failing to cross the 20,000 mark. The Dow declined further as the new year approached, dropping by another 57 points over the past....
After bitcoin's price hit its previous all-time high in 2017, it fell. Analysts explain why the latest rally will be different.
The market cap of Bitcoin surpassed the $14 bln margin for the first time in history, breaking its all-time record high previously set in 2014. The surging value of Bitcoin led to extensive mainstream media coverage and social media attraction, with Bitcoin earning a spot on the trending section of social media platforms like Twitter. In the morning of December 22, Bitcoin crossed the $14 bln mark to establish its highest market cap to date. Additionally, Bitcoin officially recorded a 100 percent year-to-date price increase, surpassing the performance of well-performing currencies like the....
Litecoin founder Charlie Lee spoke on CNBC, explaining the differences between Litecoin and Bitcoin. He reiterated past comments on it being cheaper and faster. But, what’s interesting is that CNBC rarely gives much coverage to LTC, yet Lee had the opportunity to promote his project to a mainstream audience. Litecoin is One of a Few […]
Analysts say record high inflation in the United States is impacting crypto market momentum, but is the impact of the data overstated to the detriment of investors? Analysts and pundits will scramble to find some angle to explain intra-day price action whenever important economic numbers are published and this practice is commonplace in the crypto sector. When the United States Bureau of Labor Statistics reported a 7.5% increase in the Consumer Price Index (CPI) on Feb. 10, traders rushed to find some connection to the crypto price action. However, historical correlation data shows....