Bitcoin Price Taps $41,970, Morgan Creek Partner Says ‘BTC Is a 10x Improvement on Gold’

Bitcoin’s price continues to move northbound, as the crypto asset’s value has touched another all-time high (ATH) this week reaching $41,970 per coin on Friday morning (EST). The digital asset bitcoin is now the 7th most valuable asset worldwide with an overall market valuation of around $778 billion today. Cryptocurrencies across the world have seen […]

Go to Source

Powered by WPeMatico

BTC Reaches a Whopping $40,000, Industry Exec Says ‘Bitcoin Rises in the Eye of a Perfect Storm’

BTC Reaches a Whopping $40,000, Industry Exec Says 'Bitcoin Rises in the Eye of a Perfect Storm'The price of bitcoin has astonished the masses once again surpassing $40,000 per coin across crypto exchanges worldwide. With well over $28 billion in global trade volume, the leading crypto asset’s overall market valuation is now a whopping $728 billion in value. Bitcoin’s Value Soars On January 7, 2021, Bitcoin (BTC) has surpassed its previous […]

The post BTC Reaches a Whopping $40,000, Industry Exec Says ‘Bitcoin Rises in the Eye of a Perfect Storm’ appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Price Leaps Over $38,600- Analyst Says BTC’s Parabolic Move ‘Highly Abnormal’

Bitcoin Price Leaps Over $38,600, Analyst Says BTC's Parabolic Move 'Highly Abnormal'Digital currency markets continue to see strong gains, as the overall market valuation of the crypto economy has jumped $32 billion over the $1 trillion market cap after hitting the record number for the first time. Moreover, the price of bitcoin touched yet another all-time high on Thursday morning (EST) reaching $38,610 per coin. Bitcoin, […]

The post Bitcoin Price Leaps Over $38,600- Analyst Says BTC’s Parabolic Move ‘Highly Abnormal’ appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Price Touches the $37K Zone, Crypto Economy’s Market Cap Hits $1 Trillion

The price of bitcoin smashed through the last all-time high again jumping above the $37k zone to $37,400 per coin. The crypto asset’s market valuation is around $689 billion at the time of publication, as it has seen $26 billion in trade volume worldwide. Moreover, the entire crypto-economy surpassed the $1 trillion mark on Wednesday […]

The post Bitcoin Price Touches the $37K Zone, Crypto Economy’s Market Cap Hits $1 Trillion appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin All-Time Price High Surpasses $28K, BTC’s Half Trillion Market Cap Now Bigger Than Visa

Bitcoin markets have been seeing a lot of action this weekend, as the price of the crypto asset touched another all-time high (ATH) at $28,378 per coin. Toward the end of 2020, the cryptocurrency’s market capitalization has crossed a whopping half of a trillion U.S. dollars in value. The leading cryptocurrency by market valuation, bitcoin […]

The post Bitcoin All-Time Price High Surpasses $28K, BTC’s Half Trillion Market Cap Now Bigger Than Visa appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual

Despite Bitcoin's Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than UsualThe cryptocurrency economy has been higher in value than ever before as bitcoin has touched an all-time price high at $24,298 per unit. Regardless of the all-time price highs, the world’s bitcoin miners are not spending more bitcoin than usual according to onchain statistics. Bitcoin miner outflow has been higher during the bull run but […]

The post Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility

On December 9, the Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, announced the firm is purchasing 10,000 Antminer S-19j Pro units from the Chinese mining manufacturer Bitmain. According to Marathon, after the acquisition of next-generation bitcoin miners, the company will have an aggregate total of 33,560 ASIC miners with up to 3.56 exahash (EH/s) of […]

The post Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply

Bitcoin's Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About SupplyWhile the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC manufacturers are sold out for months. Moreover, because […]

The post Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Network Landmarks, Derivatives Records- 2020 Bitcoin Metrics See a Number of All-Time Highs

Network Landmarks, Derivatives Records- 2020 Bitcoin Metrics See a Number of All-Time HighsWhile the price of bitcoin has spiked to levels not seen in three years a number of other factors show that the current run-up is similar to the 2017 bull run. Active bitcoin addresses have neared all-time record highs, while the network’s hashpower has remained high as well coasting along at 130 exahash. Moreover, bitcoin […]

The post Network Landmarks, Derivatives Records- 2020 Bitcoin Metrics See a Number of All-Time Highs appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico