Cryptocurrency

Bitcoin climbed above $57000 on Monday as it continues to dominate institutional capital flows and traders resume push for record highs.The largest cryptocurrency rose for the first time since May extending its two-week rally. It’s up over 30% in October, currently trading at around $57187.Bitcoin’s surge is due to two …

The NFP report, Friday, crowned all market related news given its impact on the U. S. Fed’s tapering and consequently its impact on the U. S. economy and currency.The Dow Jones Industrial Average hovered around the flatline but finished a volatile week with its strongest gains since June. Volatility returned …

The U. S. dollar’s dominant role in global markets is most likely to continue, but the rapid rise of cryptocurrencies may diminish the dollar’s status, according to a new paper by the Federal Reserve. Private digital currencies, such as Bitcoin and Ether, as well as government backed coins, could reduce …

Fed Governor Lael Brainard is getting closer to a key banking position as U. S. President Joe Biden studies who will chair the central bank and who will specifically supervise banks.Even without getting the Chair’s position, Brainard can be a major influence on banks. If she is not nominated as …

Bitcoin’s meteoric rise above $50,000 this week is likely to continue well into the fourth quarter on rising market sentiment considerations.The October edition of the Bloomberg Galaxy Crypto Index, which provided an overview of where digital assets could be headed for the rest of the year, was out Tuesday.The report …

Crypto prices are still climbing despite tougher regulatory scrutiny round the world. The rally brings prices to the highest since early September. Bitcoin has jumped to around $50,000 as Bank of America Corp. strategists threw their weight behind cryptocurrencies as a new asset class. Bitcoin price has shifted into a …

The largest digital currency, Bitcoin, has managed to reach its highest levels in nearly a month, specifically since the start of accepting Bitcoin payments in El Salvador on September 7. Bitcoin was seen a few minutes ago, above the levels of 50 thousand dollars, after rising more than 5%, and …

Compared to its Friday morning values, Bitcoin has gained more than 9%, regaining its previous high of $47,000.The flagship digital asset is trading at $47,762, down 0.23% on the day but up 9.08% in the last seven days.In this fourth quarter of 2021, the digital asset market has transitioned from …

Since U.S. markets opened on Friday, bitcoin price has risen by nearly 10%. A popular indicator used by bitcoin traders may explain the increase.What is obvious is that this buying did not come from U.S. investors. The demand for bitcoin is likely from Chinese or non-U.S. investors.While Coinbase is more …

Bitcoin managed to settle above the 20 EMA which is located near $44,000 and is trying to settle above the 50 EMA at $44,600. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum.Bitcoin has reaped some gains after the comments by Fed …