Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets

Bitcoin Price Captures a $64,895 High, Pantera CEO Says ‘BTC Rally Exactly Like Previous Halvings’

Bitcoin Price Drops 18%, Fed Discusses ‘Soft’ Inflation, Analyst Says BTC Sell-Off Attracts More Investors

‘Bitcoin Rich List’ Rebounds to Hit All-Time High

The number of addresses holding over 1,000 bitcoin (worth of approximately $37.5 million at the current price) is now at 2,334, a new all-time high, after the number dropped at the end of December by 3.7% to 2,221. This is an indication “whales†(large bitcoin holders) have been bullishly accumulating more bitcoin and driving the […]

Ignoring Outages, Coinbase Futures Set Record Highs as Bitcoin Rally Continues

Pre-public offering futures for leading U.S.-exchange Coinbase hit $311 Thursday on derivatives exchange FTX amid bitcoin’s parabolic price rally and despite the Coinbase’s ongoing “connectivity issues.†The exchange suffered “connectivity issues” for six hours yesterday, with the same problem resurfacing today. The company said it is working to implement a fix in its latest status […]

Coinbase Suffers ‘Connectivity Issues’ Again as Bitcoin Hits Another Record

Leading U.S.-based cryptocurrency exchange Coinbase is suffering connectivity issues for the second consecutive day amid bitcoin’s parabolic price rally. Coinbase’s status page posted an issue with users connecting to the exchange’s interface at 15:50 UTC. The company said s currently investigating the issue. Yesterday, Coinbase experienced the same issue, per its status page. The problem […]

Bitcoin Sets New All-Time High Above $35K

Bitcoin bulls pushed the leading cryptocurrency to fresh all-time highs above $34,700 Tuesday night after a couple days of choppy price action kept traders guessing which direction the market would head next. Bitcoin jumped nearly 12% Tuesday to top the previous record high of $34,544.94 set this past Sunday after a dizzying climb over the […]

Crypto Markets Jump on OCC Approval for Banks to Use Blockchains

Cryptocurrency prices jumped Monday evening as digital asset markets reacted positively to a letter published by the U.S. Office of the Comptroller of the Currency (OCC) approving U.S. banks to use public blockchain networks. Ether jumped nearly 12% on the letter’s release, given Ethereum’s dominance as a stablecoin payment settlement protocol. Bitcoin also gained 5% […]

2020 Saw the Fewest Bitcoin ‘Obituaries’ in 8 Years

Bitcoin has been declared dead or dying roughly 390 times since 2010. But this year it’s dying much less frequently. In 2020, bitcoin has been reported dead or dying only 11 times, per a list of these faux obituaries maintained by a Singapore-based website called 99 Bitcoins. Bitcoin’s yearly “obituary†count hasn’t been so low […]

Bitcoin Price Rise Caps Best Week in 20 Months With 23% Gain

Bitcoin has gained 23% since Monday, ending the week trading just below $23,500 with its best weekly percentage increase performance since April 2019. Throughout its monster weekly rally, bitcoin’s price set new record highs in four of the past five days, reaching the current record high of $24,273 Sunday afternoon, per CoinDesk’s Bitcoin Price Index […]

Bitcoin Chatter on Twitter Nears Highest Level in 3 Years Amid Price Surge

The number of tweets about bitcoin reached its highest level since mid-January 2018 on Wednesday, according to social media data collected by The TIE, with over 92,000 tweets posted. The recent surge in bitcoin-related Twitter content come as the leading cryptocurrency surged past $23,000 yesterday, reaching an intra-day high just below the $24,000 mark. Jan. […]

Guggenheim CIO Says Bitcoin ‘Should Be Worth’ $400,000

Guggenheim Partners Chief Investment Officer Scott Minerd shocked Bloomberg TV hosts Wednesday afternoon when he said his firm’s fundamental analysis shows bitcoin should be worth $400,000. “Our fundamental work shows that bitcoin should be worth around $400,000,” said Minerd. “Whoa!” responded one of the hosts. That sky-high price target is based on two things, according […]

Bitcoin Mining Stocks Soar as BTC Blows Past $20,000

Share prices for publicly traded bitcoin mining companies are soaring as the leading cryptocurrency sliced through the highly-anticipated $20,000 mark Wednesday morning. Riot Blockchain (RIOT), Marathon Patent Group (MARA) and Hive Blockchain (HIVE) all show double-digit percentage gains since the daily open at last check. Hive is up 25% on the day. All three companies […]

Ruffer Investment Allocated 2.5% of Multi-Strategies Fund to Bitcoin in November

Correction (Dec. 15, 18:49 UTC): Ruffer allocated 2.5% of its multi-strategies fund to bitcoin, not 2.5% of its total AUM, as was previously reported. The total allocation is worth roughly $15 million. Ruffer Investment Company sent a short update to shareholders notifying them of the company’s allocation to bitcoin. In November, Ruffer allocated what is […]

Bitcoin Whales Buy Low, Sell High; Retail Investors Chase Rallies: Data

Newly released data from crypto exchange OKEx gives one possible explanation of how larger holders of bitcoin – or “whales†– were able to influence prices as bitcoin rallied to a new all-time high in November. During that bitcoin run-up, institutions and whales were able to buy dips and oftentimes sell when prices went up. […]

Bitcoin Chart Views Soared Along With Price in November, TradingView Says

Bitcoin traders stared at price charts over 3.4 million times in November, watching the leading cryptocurrency pass its record-high price from 2017 late in the month, according to leading charting service TradingView. In November, bitcoin chart views on TradingView soared 82% from the previous month with similar growth seen in charting of other cryptocurrencies, per […]

Secondary Mining Markets Surge Amid ASIC Manufacturing Delays

Secondary markets for bitcoin mining machines are red hot as a surge in demand from miners has caused severe delays in order fulfillment from manufacturers. Two of the mining industry’s largest manufacturers, Bitmain and MicroBT, are sold out of new machines until May 2021 as demand has overrun current manufacturing capacity. Scrambling for even more […]

Bitcoin Miners Saw 48% Revenue Increase in November

Bitcoin miners generated an estimated $522 million in revenue in November, up 48% from October, according to on-chain data from Coin Metrics analyzed by CoinDesk. The sharp revenue increase came as bitcoin soared through November, setting a new all-time high by month’s end after gaining over 40 percent. Monthly aggregate revenue in November hit the […]