Life After $20K: Where Will Bitcoin Go After Breaking The All-Time High?
The cryptocurrency landscape has been obsessed with the famous bull run of Winter 2017, but as bitcoin has surpassed its all-time high price of $19,655, the world of crypto may be venturing toward uncharted territory. There are many factors that went into the mix in creating the right environment for bitcoin to surpass its highs of 2017. The COVID-19 market crash during the spring of 2020 saw BTC fall to around $5,000 momentarily before the prospect of a strong recovery drove fresh investment. Bitcoin’s movement was further bolstered later in the year by the news that PayPal would be....
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Bitcoin’s record-breaking start to the new year continued on January 5 after the top crypto set another new all-time high (ATH) of $35,879. Based on this new milestone, the top cryptocurrency has now surged by more than 20% in just the first of five days of the new year. Record-Breaking Start to 2021 Interestingly, the new ATH comes less than 48 hours after the digital asset briefly crashed to just under $30,000 in Monday morning trades. However, since staging another recovery, the digital asset’s traded volumes have also surged in the past 24 hours. Data shows that volumes....
Data shows the ProShares Bitcoin ETF has reached a milestone number of assets under management (AUM), and has breathed fresh life into CME in the process. ProShares Bitcoin ETF AUM Sets New All-Time High Of 26.7k BTC As per the latest weekly report from Arcane Research, the ProShares BITO ETF has set a new all-time […]
The Bitcoin price has just broken the all-time high of $31.9099 that it set on June 9, 2011 on MtGox. After a persistent, one-and-a-half month rally from $13 to $28, followed by nearly two weeks of bumping up against $30 and then hovering around the $28-$31.5 range, the bulls have finally won, and the currency struck a new high of $31.94 at 14:40 GMT on February 27 before quickly breaking past $32. The final rise was precipitated by a single buy order of over $100,000 USD, quickly reversing a temporary drop from $31.5 to $30.9 and leading to the price bumping against $31.89 for half an....
Bitcoin’s record-breaking rally is continuing into the new year with the bitcoin to gold exchange rate touching a new all-time high of 17.38 ounces per bitcoin. According to data from Marketwatch, the new high easily surpasses the all-time high recorded on January 01, 2021, of 10.74 ounces per coin. The new milestone comes as the digital set a new all-time of over $33k. The new record means it takes about 7 more ounces of gold or an equivalent of $13,855 for one to get a full BTC now than they did on January 1, 2017. Furthermore, the data shows that between December 1st and January....
It looks like Second Life might be approaching its second coming, with creator Philip Rosedale returning to the project as it prepares to tackle the Metaverse. The founder of Linden Lab’s virtual online world Second Life Philip Rosedale will be rejoining the project as a strategic advisor to guide its entry to the Metaverse.While he is negative on content interoperability in the Metaverse describing it as “a total fail” he believes an NFT based future is the way forward long term.Second Life is an online social game universe that launched in 2003, when the word “Metaverse” was only being....