Creek

Bitcoin bullish cross on weekly chart paints $225K BTC price target if history repeats

Source Node: https://cointelegraph.com/news/bitcoin-bullish-cross-on-weekly-chart-paints-225k-btc-price-target-if-history-repeats
Time Stamp: August 23, 2021 10:21 AM - Modified On: August 23, 2021 - Published By:
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Bitcoin (BTC) is wowing the market by holding $50,000, but a bullish metric is pointing to much larger potential gains.Data from TradingView now clearly shows that the weekly moving average convergence/ divergence (MACD) indicator for BTC/USD has flipped from red to green.Time for another 5.5X BTC price surge?There is no shortage of bullish BTC price indicators this month, with everything from exchange balances to network fundamentals infirmly optimistic mode.MACD, which produced a rare crossover earlier in August, nonetheless adds the potential for upcoming gains to be an order of magnitude

Key Timing for Adoption? Crypto Goes Mainstream With TV, Newspaper Ads

Source Node: https://cointelegraph.com/news/key-timing-for-adoption-crypto-goes-mainstream-with-tv-newspaper-ads
Time Stamp: August 18, 2020 12:46 PM - Modified On: May 21, 2021 - Published By:
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Amid turbulent times for the world at large, the cryptocurrency space seems to be cruising on its own steam in 2020. The coronavirus pandemic has put a major strain on economies around the world, and countries such as the United States have seen their central banks resort to extended quantitative easing in order to stimulate their financial ecosystems.Some analysts believe that this continual fiscal stimulus is part of the reason that the cryptocurrency market is enjoying relative success compared with its traditional financial counterparts.The likes of Anthony Pompliano, co-founder of

Buffett Bought Gold, Will Buy Bitcoin: Morgan Creek Digital Co-Founder

Source Node: https://cointelegraph.com/news/buffett-bought-gold-will-buy-bitcoin-morgan-creek-digital-co-founder
Time Stamp: August 17, 2020 8:42 AM - Modified On: May 21, 2021 - Published By:
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Co-founder and partner at hedge fund Morgan Creek Digital, Jason Williams, predicted that famous investor and business tycoon Warren Buffett will buy Bitcoin (BTC).In a tweet sent on Aug. 15, Williams pointed out some of the most recent investment decisions of the American billionaire and predicted that he will end up buying Bitcoin.Buffett sold banks and bought gold. He will buy #Bitcoin soon.— Jason A. Williams🚀 (@GoingParabolic) August 15, 2020Williams was referring to the most recent changes to the portfolio of Berkshire Hathaway, where Buffett is chairman and CEO. Fortune

Bitcoin is Almost as Big as Bank of America

Source Node: https://cointelegraph.com/news/bitcoin-is-almost-as-big-as-bank-of-america
Time Stamp: August 8, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation.Bitcoin's current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America's market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web. Bitcoin's market cap climbing in comparisonAlthough it has endured its fair share of dramatic price fluctuations, Bitcoin's price has grown substantially in 2020, rising past several