Bitcoin’s meteoric rise this year is unlike what many people have ever seen.
From Tyler Durden: After a two-year long bear market, bitcoin came roaring back in 2016, and has been climbing ever since.
ETF issuer REX Shares aims to make its presence known in the uber-popular cryptocurrency space with two new Bitcoin ETF filings, one of which is a bull fund, while the other will offer short (inverse) exposure to Bitcoin prices.
Bitcoin prices are still sitting right under all-time highs, but signs are mounting of a big impending pullback.
From Zacks: The rising tide for cryptocurrencies like bitcoin, Ethereum and Ripple have lately shaken the investing world. Among the lot, bitcoin has been firing on all cylinders since the beginning of 2017, having hit a series record highs. In three months, the price of the digital currency has surged about 94%.
After years of shunning the cryptocurrency markets and passing them off as a fad, Wall Street analysts are all too willing to slap bullish price targets on Bitcoin these days.
Bitcoin has always had a large amount of bullish zealots in its online community, and Wall Street analysts are beginning to warm up to the virtual currency as well.
Bitcoin is finally making a much-needed pullback from its overheated levels of earlier this week, and as it does so, its prospects for more near-term price growth improve.
Although Bitcoin has existed since 2008, there’s still an aura of confusion surrounding its utility, function, and potential. Essentially, bitcoin is a form of currency. However, it’s also a technology and investment vehicle.
On prominent market technician is throwing a wet blanket on the theory that gold and bitcoin are rising in tandem.
ETF issuer VanEck has filed with the SEC to bring the first officially listed bitcoin ETF to the U.S. markets, while regulators consider a handful of other similar funds that have all failed to meet approval.
After a period of consolidation last month, Bitcoin looks poised to continue its massive bull run all the way up to $4,500 within the next several days.
Bitcoin appears to be a big beneficiary of rising geopolitical tensions, as the cryptocurrency rises to fresh all-time highs today.
Fidelity customers can now track their bitcoin holdings alongside their traditional equity holdings when viewing their portfolios.
From Dana Lyons: While the Bitcoin craze means nothing to us, the chart of the cryptocurrency actually presents a potentially very attractive setup at the moment.