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Bitcoin prices rallied this morning, surpassing $12,000 and attaining their loftiest value since late last Summer. The cryptocurrency reached $12,198.17 around 10 a.m. EDT, after spending the last few weeks fluctuating primarily between $11,000 and $12,000, CoinDesk figures show. While bitcoin managed to rise above $12,000 today, we need more data before concluding that the digital currency…
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Bitcoin is doing that thing again. After a 50% slump in the cryptocurrency’s price to about $4,000 in mid-March, when Covid-19 panic was gripping the financial markets, it has bounced back to trade at about $11,200. Veteran crypto-watchers have seen this rapid shift from fear to greed many times before, and know it can have…
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Bitcoin – Last night, the European leaders agreed to pass a historic stimulus of €750 billion euros ($858 billion dollars). The recovery fund’s goal is to rebuild the EU economies ravaged by COVID-19. The European Commission plans to raise the money in the financial markets, rather than injecting new money into the system. Approximately half…
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Bitcoin’s popularity among traditional investors has grown over recent months as governments and central banks take drastic measures to offset the economic damage wrought by the coronavirus pandemic. The bitcoin price, after rebounding strongly from a coronavirus-induced March crash, has been treading water for the last two months—despite a raft of seasoned investors announcing their intent to buy into…
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