..

Bitcoin Goes Over $16K: Up 120% YTD

Written by:
Aaron Goldstein
Published on:
Nov/12/2020

Bitcoin has surged past $16,000 for the first time since January 2018 and is up over 120% YTD! 

The cryptocurrency is now flirting with a three year trading high.

Yasin Ebrahim of Investing.com suggests there are signs of institutional demand that many see as key to ensuring the latest run has staying power.

"At a high level, there's no question the pandemic has had an impact on the underlying technology of cryptocurrencies themselves, but that's not the only factor," Joseph Guagliardo, a cryptocurrency lawyer at Troutman Pepper, told FOX Business.

Experts also believe the coronavirus pandemic and maturing technology helped cause the spike.

The pandemic has created "concern over U.S. inflation and global inflation," making Bitcoin something of a "digital gold and a safe haven," Guagliardo told Fox Business.

From CoinTelegraph:

The strong rally to $16,200 led Bitcoin spot volumes to rise by more than 270% in the past month. According to a recent report from Arcane research, the daily volume on Nov. 5 was the highest since the Black Thursday crash that brought BTC price below $4,000 on March 13.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Speaking to CNBC this week, hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks.

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.

Fake New: How an Elaborate Hoax in the Crypto Space Led to Death Threats

Fake News: How an Elaborate Hoax in the Crypto Space Led to Death Threats

We can probably speak on behalf of CoinGeek when we say, near and dear to our hearts was today's panel on Media Influence: How News Reporting Affects the Digital Asset Market.  Like Gambling911.com, CoinGeek we know strives to report fair and balanced news.  But not every story out there in the digital assets space proves to be factual. 

Bitcoin SV as Turing Complete System

Bitcoin SV as Turing Complete System

There is a controversy that's been emerging in the cryptocurrency community that claims Bitcoin cannot be used as a turing complete system.  In computability theory, a system of data-manipulation rules is said to be Turing-complete or computationally universal if it can be used to simulate any Turing machine, meaning the ability to recognize or decide other data-manipulation rule sets.

CoinGeek NYC Live or Virtugal: One Week to Go

CoinGeek NYC Live or Virtual: One Week to Go

There’s only a week left until the CoinGeek Conference in New York City. And as a proud association partner, Bitcoin Association is inviting you to watch the final round of the 4th BSV Hackathon during the conference!

Syndicate