Bitcoin and Gold can Coexist, according to Goldman Sachs

Bitcoin and Gold can Coexist, according to Goldman Sachs

After reaching levels never seen before, Bitcoin (BTC) has become the talk of the town after breaching the $22,000 level as it is currently trading at the price of $23,165 at the time of writing, according to CoinMarketCap. Investment giant Goldman Sachs has delved into the issue of how Gold and Bitcoin can coexist together because the latter is continuing to cement its status as a safe-haven. Bitcoin steals the show as gold takes a beating The recent BTC’s bull run is continuing to woo institutional investors to join the Bitcoin bandwagon, and this has seen the price go through the roof. For

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Bitcoin Addresses with more than $1 Million Go Parabolic

Bitcoin Addresses with more than $1 Million Go Parabolic

As the year nears the end, Bitcoin (BTC) has given pundits, investors, and traders an early Christmas present by crossing the $22,000 mark for the first time in its history. This price rally has given the crypto space all the reason to smile about because it is hovering around $22,900 at the time of writing, according to CoinMarketCap. Glassnode has added a new wrinkle to this price surge by noting that BTC addresses holding more than $1 million increased by 150% to 66,540. The onchain data provider tweeted: “The number of Bitcoin addresses holding at least $1M USD has gone parabolic. It

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Bitcoin Price Sets New Record High in 2020, as 100% of BTC Wallets are in a State of Profit

Bitcoin Price Sets New Record High in 2020, as 100% of BTC Wallets are in a State of Profit

Bitcoin has just set a record high today, surging above the $20,000 resistance level and setting a high at above $20,600. The world’s largest cryptocurrency has been able to maintain its price above $20,000 for over an hour, at the time of writing. As Bitcoin has seen its price rally in the past hour, the amount of liquidations of short positions on Binance has reached $94,293,438, according to crypto analytics firm Glassnode. Bitcoin’s price has hinted at this new all-time high as Bitcoin’s hash rate has been showing strength just a few days ago.  Bitcoin’s realized cap also reached $150 million just a day ago,

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What Pantera Capital CEO Thinks Will Be The Best Performing Cryptocurrency in the Next 12 Months

What Pantera Capital CEO Thinks Will Be The Best Performing Cryptocurrency in the Next 12 Months

Dan Morehead, the CEO of Pantera Capital digital asset investment firm, revealed to Bitcoin bull Raoul Pal what he thinks will be the best performing cryptocurrency in the next 12 months. What may come as a surprise to many is that it was not Bitcoin that he predicted to be the most successful digital asset in the next twelve-month period. Bitcoin’s bull run of 2020 praised The Pantera Capital CEO did however praise Bitcoin (BTC) and Ripple (XRP) for different achievements they checked off for the cryptocurrency industry. He praised Bitcoin’s rally this year and compared it to the 2017 bull

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Bitcoin: Bull or Bear Market After Surging Above $19K? Here's What Analysts are Saying

Bitcoin: Bull or Bear Market After Surging Above $19K? Here’s What Analysts are Saying

After dropping below $17,700, Bitcoin’s price has swiftly rebounded to trade over $19,000 in the past few days. On Dec. 13, Bitcoin’s price rose above the $19,000 level, and is currently trading at $19,186. Bitcoin suffered a correction last week as the US dollar began to gain strength. As there were news of stricter cryptocurrency regulation to come out, many investors were afraid to cash in. However, since the news of MicroStrategy to purchase over $600 million worth of Bitcoin came out, Bitcoin’s price has been positively impacted. Nic Carter, the co-founder of CoinMetrics and founding at Castle Island Ventures

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Apple Co-Founder Steve Wozniak’s WOZX is Best Performing Crypto as Price Rallies 100% Again

Apple Co-Founder Steve Wozniak’s WOZX is Best Performing Crypto as Price Rallies 100% Again

Apple co-founder Steve Wozniak’s crypto Efforce (WOZX) has rallied by 100% in the last 24 hours, the token price surging from $1.55 to $3.30 at the time of writing. The overnight WOZX price rally make’s Steve Wozniak’s crypto the best performing digital asset on the market and Efforce now has a circulating market capitalization of over $75 million and is now the 131st largest crypto asset. With a fully diluted valuation of $3.25 billion, WOZX is now one of the largest cryptocurrencies ever, according to data from CoinGecko. Apple Co-Founder’s Crypto Project Efforce is built on the Ethereum blockchain and is

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Less Than 2% of the World Has Had Exposure to Bitcoin but BTC to be One of the Fastest Climbs in History

Less Than 2% of the World Has Had Exposure to Bitcoin but BTC to be One of the Fastest Climbs in History

Bitcoin has managed to surge to a new all-time high this year, reaching over $19,800 recently. Bitcoin’s price surge has attracted many new investors, and institutions have also hopped on the cryptocurrency bandwagon, including PayPal, Square, and MicroStrategy. Billionaires, including Paul Tudor Jones, and Stanley Druckenmiller have revealed that they have invested in Bitcoin. With Bitcoin’s adoption rate on the rise, and backed by the influence of many large institutions to date, it brings up the question of when Bitcoin would be more commonly used by the larger market. As previously reported by Blockchain.News, on-chain analyst Willy Woo previously estimated that in four years’ time,

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Bitcoin’s Adoption Rate Puts Price at $100,000 by the end of 2021 and 30% of the World Owning BTC in 4 Years

Bitcoin’s Adoption Rate Puts Price at $100,000 by the end of 2021 and 30% of the World Owning BTC in 4 Years

Bitcoin has seen considerable adoption this year, with the news of PayPal enabling the buying and selling of cryptocurrencies. MicroStrategy has also ignited the interest in Bitcoin, when the company announced that it was going to invest in Bitcoin and make it its primary reserve asset.  Square’s Bitcoin announcement also pulled its weight for cryptocurrency adoption as the firm purchased $50 million in Bitcoin in October. Other institutions also joined the Bitcoin crowd, with Fintech group Mode becoming the first UK publicly-traded company to purchase a significant amount of Bitcoin as part of its treasury investment strategy.  Apart from institutions, notable traditional industry veterans have

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Bitcoin Price Hits New All-Time High of More Than $19,800 as Tyler Winklevoss Says “Cash Is Trash”

Bitcoin Price Hits New All-Time High of More Than $19,800 as Tyler Winklevoss Says “Cash Is Trash”

Bitcoin has finally managed to break past $19K again. This time, it even surged past its 2017 all-time high, trading north of $19,800 late Monday night. Bitcoin managed to break past its old all-time high achieved in 2017. The digital asset pushed past $19,780 on certain exchanges and even hit $19,844 as it approached the crucial $20K level yesterday night. Bitcoin (BTC) price is still bullish at the moment, although it has pulled back slightly, trading around $19,515.00 on CoinMarketCap at press time. It is currently up 6.88% in the past 24 hours. Although it only rose by approximately 6% on

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Why Bitcoin Crashed by $3000 and Is Currently Undergoing a Sharp Price Correction

Why Bitcoin Crashed by $3000 and Is Currently Undergoing a Sharp Price Correction

After a bullish rally where Bitcoin soared past $18,500 on certain exchanges, the digital asset underwent a notable price correction, trading dropping below $16,500. Bitcoin’s price pulled back, down an approximate 5% in the last 24 hours. It has regained a bit of momentum since it dropped, trading at around $17,130.00 on CoinMarketCap at the time of writing and the resistance level seems to have transitioned from $19K to $17K. Market analysts explained that a price correction was expected of the mainstream cryptocurrency, at least if one were to look at it from a historical point of view. Previously, after a massive bull run, Bitcoin’s price

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