First Mover: You Call That a Record? Bitcoin’s November Gains Are 3x Stock Ma...
It's no longer really news when bitcoin outperforms traditional markets, but November could prove a crucial month for the largest cryptocurrency.
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Bitcoin’s trajectory toward $100,000 is more real than ever, data shows, while one naysayer warns that the market is $11,000 overvalued. Bitcoin (BTC) is precisely following price predictions and not making investors wait longer for gains this bull cycle, says famous quantitative analyst PlanB.In a tweet on Dec. 17, the creator of the stock-to-flow price model noted that in its current halving cycle, Bitcoin’s growth is going as planned.BTC price hits $23,562 stock-to-flow targetDespite huge volatility this week, stock-to-flow remains conspicuous in its ability to forecast the pace of....
It's anybody's guess where cryptocurrency markets might end 2021, but so far all signs point to further gains.
London-based Bitcoin firm First Global Credits, which enables traders to use cryptocurrency to be used as collateral margin to trade ETFs, stock trades and commodity futures, have reported a record high for Bitcoin margin trading for the month of November. The monthly record high of $12 mln of trading volume dwarfs the previous monthly high set in February 2016 of combined stock, futures and Bitcoin to fiat currency trading on the site which totaled $2.1 mln. First Global Credits launched its investment service in 2014, promising to bridge the gap between cryptocurrencies and global stock....
E-commerce giant Paypal’s stock price surged to a new all-time high of $223.16 on Monday, December 14. Since November 12, when the payments giant opened the way for its US customers to start trading cryptocurrency, the stock has soared 17%. Paypal’s Turnaround The stock’s record-breaking performance comes after Paypal recently reported a drop in its third-quarter earnings in October. While that performance subsequently forced Paypal not to provide preliminary guidance for 2021, there is, however, a belief that the cryptocurrency trade service will result in a turnaround....
Online retail giant Overstock will begin trading blockchain-based shares of its stock in December. CEO Patrick Byrne revealed the news today at Money2020, outlining the actions investors will need to take in the run-up of the release of the shares, as well as the key dates involved in the process. As explained by Byrne, the initial sale will done as a rights offering, meaning interested investors will need to hold Overstock stock by 7th November in order to be eligible to receive shares by 10th November. On 15th November, a subscription period will open, at which time investors can decide....