K bitcoin
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Content:
- Does Your 401(k) Let You Invest in Bitcoin?
- Cryptocurrencies spike, Bitcoin tops $40K after January jobs data
- Bitcoin Attempts to Break Downtrend; Faces Resistance Toward $45K
- Circle K introducing Bitcoin Depot® kiosks in stores across the U.S. and Canada
- Bitcoin climbs above $50K US for 1st time
- The crypto scam on Instagram that cost Jonathan and his friends $20k
- NWA Council offering $10K in Bitcoin to draw talent to Northwest Arkansas
- Bitcoin creeps back over $40K, with buying pressure from long-term hodlers
- Bitcoin at $100K: How Will the Crypto End 2021?
- Will Bitcoin touch $100K in 2021? Here’s why you should invest now
Does Your 401(k) Let You Invest in Bitcoin?
The current scenario is extremely positive and the reason is the following: Let's begin with its fundamentals: Bitcoin is already an institutional financial asset, its capitalization is reaching the trillion dollars, thus positioning itself within the assets with the highest capitalization of all markets and time. For that matter, a country is already installing geothermal fields using the energy of its volcanoes to produce Bitcoin and declared it a national tender.
The SEC is adjourning the approval of Bitcoin ETFs until they deem it the most convenient time for them, but it will eventually become a reality. Taproot, the upcoming big Bitcoin update, will arrive next month, granting it the ability to execute Smart contracts, significantly increasing the value of this asset, since its functionality and utility will be greater.
And, by all means: its limited supply, and it's no longer so accessible but still a decentralized issuance system. However, this banning by the government led the asset to have its mining decentralized again.
In addition, its Chair exposes constant incompetence, by labeling inflation as "Frustrating". As long as the central banks with spotlight on the FED continue with their quantitative easing policies and increase the debt ceilings and further atrocities that are taking place, Bitcoin will get stronger, because it is in its nature. It was literally created to avoid bankruptcies and bring transparency to the financial system.
Furthermore, it has a negative correlation with the DXY. Nevertheless, Bitcoin is still very vulnerable to negative events in the short term regardless of which market we refer to. The most recent example is the Evergrande effect. Some label the BTC an unstable asset for this reason, we prefer to label it as an asset that is reaching the consolidation in the market, since it has not even been in it for 15 years yet.
Each price drop that occurs due to some event unrelated to the asset itself is an opportunity to buy value at a discount. Bitcoin loves to dance by seducing the euphoric feelings and cheating the naive. Afterward, when the whole consensus was in a panic of falling to 20k or even 10k, Bitcoin made a beautiful throwback to the 30, zone to reach almost unchecked to 50k.
When the consensus relaxed and accepted that Bitcoin was going to be on the rise again, the great "Sell The News" event of El Salvador occurred, and timely news appeared to make the price drop a little more. In our case, we were able to foresee how to act and warned our students of all these movements. What we see now is a massive consensus on Bitcoin, which coincides that it should fall to the K zone. That is where the consensus awaits it. And as we have recently analyzed, Bitcoin dances to consensus, so this should not happen and the order block in the 40, zone confirms it.
To our own appreciation, we expect a strong upward movement. In short, the scenario seems bullish Bitcoin, there are no reasons not to be buying, leveraging the general fear. Download the mobile app now, available on iOS and Android. Click here , or sign up for our newsletter to explore more of Benzinga's Cryptocurrency market coverage, in-depth coin analysis, data, and reporting. Benzinga does not provide investment advice. All rights reserved.
Trade Ideas. News Podcast Events Newsletter. Compare Online Brokers. Top Stocks. Alternative Investing. YouTube Video Podcasts. My Stocks. Now let's discuss its price: Bitcoin loves to dance by seducing the euphoric feelings and cheating the naive. Related Articles.
Cryptocurrencies spike, Bitcoin tops $40K after January jobs data
ProShare's Bitcoin ETF will track futures, meaning investors can speculate on Bitcoin's price without having to buy any of the cryptocurrency. That price movement was chalked up to the expectation that the SEC would greenlight a Bitcoin futures exchange-traded fund. On Monday, that expecation became a reality. It'll list as "BITO," the company said.
Bitcoin Attempts to Break Downtrend; Faces Resistance Toward $45K
As the chief investment officer of her firm, any calls she makes are especially notable. Wood said if she could choose only one cryptocurrency, it would default to Bitcoin, but then praised Ethereum for its recent growth. Content is educational and should not be considered investment advice. I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally — to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of.
Circle K introducing Bitcoin Depot® kiosks in stores across the U.S. and Canada
A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, It was last up 2. Smaller coins, which tend to move in tandem with bitcoin, were also up. Ether rose 1. Market participants cited the increase in institutional crypto services from banks and financial institutions to cope with rising investor demand, as one factor driving bitcoin's surge.
Bitcoin climbs above $50K US for 1st time
He promptly forgot about them until widespread media coverage of the anonymous, decentralised, peer-to-peer digital currency in April jogged his memory. Bitcoins are stored in encrypted wallets secured with a private key, something Koch had forgotten. After eventually working out what the password could be, Koch got a pleasant surprise:. A user can then withdraw those bitcoins by sending them back to an exchanger like Mt Gox , the best known bitcoin exchange, in return for cash. However, bitcoin is gaining more and more traction within the physical world too. It is now possible to actually spend bitcoins without exchanging them for traditional currency first in a few British pubs , including the Pembury Tavern in Hackney, London, for instance.
The crypto scam on Instagram that cost Jonathan and his friends $20k
This blog is an excerpt from the Chainalysis Crypto Crime Report. Click here to download the whole thing! Last week, Americans were shocked as a large group of Donald Trump supporters stormed the U. Capitol Building in protest of his election loss, following a rally that included a speech from Trump himself. Several prominent members of the alt-right either took part in the raid or were present just outside the Capitol, including internet personality Nick Fuentes. ProPublica reports that in the weeks leading up, many Trump supporters discussed turning the event violent on Parler, a rightwing social media app now banned by most major tech platforms. However, we now have evidence that many alt-right groups and personalities, including Fuentes, received large Bitcoin donations in a single transaction that occurred a month before the riot on December 8. We have also gathered evidence that strongly suggests the donor was a now-deceased computer programmer based in France.
NWA Council offering $10K in Bitcoin to draw talent to Northwest Arkansas
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Bitcoin creeps back over $40K, with buying pressure from long-term hodlers
RELATED VIDEO: THESE BITCOIN WHALES ARE ABOUT TO MAKE THIS BIG MOVE!!!Choose your reason below and click on the Report button. This will alert our moderators to take action. ET NOW. Cryptocurrency By Crypto Podcast. Crypto Meet. Crypto Influencers.
Bitcoin at $100K: How Will the Crypto End 2021?
Is this the start of yet another comeback or just a momentary break before another downfall? Bitcoin seems to have stabilized. Prices have started a slight rebound and are now at their highest in two weeks. Bitcoin is pulling the rest of the cryptocurrency market in its wake: Ether, the native currency of the Ethereum blockchain, was up 5. The market as a whole has picked up some color: the crypto market value has thus risen a little above 2 trillion dollars, according to CoinGecko. These gains, which are just as violent as the recent falls, are further evidence of the volatility of cryptocurrencies. The strong January monthly employment report published on Friday was normally likely to cause cryptocurrency prices to decline.
Will Bitcoin touch $100K in 2021? Here’s why you should invest now
Less than 3 months are left as we head towards the end of , and Bitcoin is inching closer towards a new record high. But, how will the crypto end in ? Will it follow the same rally as the end of the previous year or this time there will be some corrections? As a digital currency or cryptocurrency, Bitcoin operates without a central bank or single administrator.
At you inquisitive mind :)