Jordan Mansfield /Getty Images Bitcoin and ether could still hit record highs by year-end despite their recent sell-off, Fundstrat said in a Wednesday note. One catalyst that could fuel the surge higher is the SEC approving a bitcoin ETF. “Any near-term selling is an opportunity to buy as we anticipate […]
crypto
Bitcoin price prediction model remains ‘amazingly accurate’ with less than 1% error
The price of bitcoin is less than a few hundred dollars away from a prediction model made more than three months ago. The forecast was made by the pseudonymous Dutch analyst PlanB, who predicted in June that the cryptocurrency would be $43,000 at the end of September. Bitcoin is trading […]
Bears intend to pin Bitcoin price below $43K until Friday’s $700M expiry passes
Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4-billion futures contracts liquidation along with China’s ban on crypto trading appear to have severely impacted traders’ morale. Adding to the negative sentiment, major crypto exchanges such as Binance and […]
Wash sale rules could apply to bitcoin and ethereum in spending bill
24K-Production | iStock Editorial | Getty Images The House Ways and Means Committee is trying to shut down one of the most lucrative crypto tax loopholes, a move that could cost holders of bitcoin and other virtual coins nearly $17 billion, according to an estimate by the Joint Committee on […]
Regulation doesn’t pose ‘existential threat to crypto’: Blockchain Association head
Regulators around the world have been cracking down on cryptocurrency trading, and exchange operators have been retrenching. Binance said on Monday that users in Singapore won’t be able to trade on its main platform. Chinese crypto exchange Huobi will stop taking new mainland customers. And U.S. Securities and Exchange Chair […]
Chamath Palihapitiya reveals he’s put hundreds of millions into bitcoin
Chamath Palihapitiya. YouTube Chamath Palihapitiya has put hundreds of millions into bitcoin, he told CNBC on Wednesday. The billionaire said it’s hard for regulators to kill crypto, calling it “the most profound iteration of the internet.” He was reluctant to reiterate his previous bitcoin price prediction, saying it’s hard to […]
Top cryptocurrency prices today: Profit booking pushes prices lower, Ethereum tanks over 5%
New Delhi: Amid uncertainty over its legitimacy in some of the largest economies, major cryptocurrencies lost momentum and declined in early trade on Tuesday. Among the top 10 names, Ethereum was the biggest loser, down over 5 per cent. Polkadot, Cardano, Binance Coin and XRP dropped 3-5 per cent. Others […]
Jamie Dimon says ‘you’re a fool’ if you borrow to buy bitcoin, and that he wouldn’t care if its price increased 10 times | Currency News | Financial and Business News
Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. Scott Olson/Getty Images “I think if you borrow money to buy bitcoin, you’re a fool,” Jamie Dimon told Times of India. Dimon said “people waste too much time and breath” on the digital asset, which has seen a 50% gain […]