$118,368.00
-0.85%$3,595.31
-1.91%$3.22
-9.56%$772.87
-0.10%$188.53
-5.63%$0.999905
0.01%$0.242597
-7.80%$3,584.24
-2.32%$0.816257
-8.04%$0.309484
-1.24%$118,092.00
-0.96%$43.76
-1.33%$4,335.30
-2.09%$0.426757
-9.30%$3.71
-6.12%$18.03
-6.23%$3,860.96
-2.74%$0.24805
-8.34%$513.21
-0.95%$3,843.48
-2.68%$23.88
-4.66%$112.65
-4.24%$8.96
-0.14%$0.00001396
-7.27%$3,595.63
-2.67%$3.17
-5.98%$0.999956
0.00%$1.002
0.12%$1.001
0.07%$118,427.00
-0.81%$43.98
-1.60%$4.16
-5.72%$10.06
-4.35%$316.11
-1.72%$0.0000128
-6.77%$4.67
-2.61%$290.55
-3.94%$427.01
-2.87%$0.119933
-3.60%$1.18
-0.01%$0.45257
-6.17%$22.44
-5.74%$2.75
-6.43%$1.026
-2.33%$4.90
-7.95%$229.67
-5.66%$5.61
-5.79%$0.465183
-6.70%$48.67
0.62%$0.104555
-4.97%$0.801447
-1.60%$0.04089762
-3.56%$0.00003238
-9.09%$1.00
0.00%$0.267
-8.41%$0.433461
-7.79%$1.001
0.06%$0.02548725
-7.39%$3,603.36
-2.08%$4.73
-5.93%$4.19
-4.76%$1.19
-4.53%$17.72
0.78%$0.232215
-6.49%$10.13
-6.79%$4.50
0.40%$0.741651
-7.01%$0.329519
-3.80%$200.64
-5.96%$2.66
-6.98%$0.085284
-0.11%$1.06
0.02%$121.03
-6.20%$1.89
-4.40%$0.571851
-7.17%$4,093.29
-2.44%$118,294.00
-0.78%$0.02386764
4.10%$3,759.11
-2.40%$5.09
-2.13%$12.06
0.12%$1.54
-2.85%$1.00
0.05%$4.93
-2.25%$0.087825
-8.05%$0.996218
-0.26%$1.97
-8.49%$0.00394782
7.45%$1.002
0.16%$3,781.01
-2.34%$13.81
-6.76%$3,840.19
-2.43%$1.32
-0.80%$3,891.35
-2.18%$1.00
0.00%$0.0001333
-7.74%$0.932785
-1.50%$0.800203
-7.00%$0.704512
-10.21%$3,786.31
-2.55%$118,519.00
-0.42%$1.16
-2.45%$212.01
-5.33%$1.72
-8.02%$0.345502
-6.47%$0.57317
-7.63%$0.402499
22.55%$0.102987
-6.43%$774.08
0.01%$1.001
0.11%$1.085
-9.06%$0.16594
-5.32%$3,395.80
-0.97%$0.606072
1.84%$2.73
1.62%$118,005.00
-0.90%$247.17
-5.63%$0.887929
-5.79%$27.82
-1.76%$118,033.00
-2.38%$1.11
0.06%$0.906112
-3.75%$11.17
12.88%$0.171466
4.36%$0.01781164
-6.45%$0.999695
-0.00%$3,389.23
-1.02%$0.01808193
-8.53%$0.209029
-8.02%$3.05
-7.44%$3,603.97
-2.29%$0.904478
-5.76%$3,580.90
-2.02%$3,834.07
-1.67%$3,839.88
-2.32%$0.458852
20.26%$0.131334
-8.77%$0.303443
-9.09%$4.41
-6.78%$2.01
-6.59%$111.89
0.01%$0.0000007
-3.61%$1.084
-0.98%$41.94
-2.04%$0.998637
-0.03%$0.415638
-4.12%$118,231.00
-0.75%$0.999904
0.01%$3,604.64
-2.45%$3.43
-8.78%$0.243227
-7.12%$0.320193
-7.72%$0.443687
-6.04%$0.00000155
1.43%$1.87
-6.54%$0.00867482
1.02%$0.01695337
-8.14%$0.997906
0.01%$0.058425
-6.65%$0.00628685
-1.27%$28.74
-3.64%$0.56793
-3.74%$118,045.00
-0.40%$118,322.00
-0.92%$3,813.67
-2.42%$0.693582
-2.34%$0.545694
-0.17%$1.00
-0.00%$3,595.71
-2.67%$1.52
-5.92%$0.999823
0.00%$0.073324
-2.48%$3,968.16
-2.62%$0.00879881
-5.23%$43.79
-1.06%$0.464342
3.50%$1.00
0.30%$0.41359
-8.12%$1.16
-8.91%$7.47
-6.98%$16.87
-4.06%$0.133592
-7.70%$1.16
0.04%$3,944.55
-2.21%$0.631971
-5.91%$6.72
-6.31%$50.15
-2.58%$0.00000046
0.05%$0.00002268
-4.47%$0.2146
2.07%$0.4138
-2.99%$0.178054
-7.42%$4,345.26
-2.13%$0.167216
-8.51%$0.964475
-5.42%$3,608.11
-1.76%$2.61
-7.10%$10.76
0.01%$1.34
-7.89%$0.999905
0.01%$0.0080662
-5.70%$0.0426108
-5.61%$3,594.86
-2.69%$7.20
-2.31%$1.095
0.01%$1.001
0.32%$43.58
-1.16%$0.05646
-6.97%$1.004
2.10%$0.413412
-4.12%$0.607282
1.88%$0.286276
-6.54%$13.46
0.24%$0.084628
-8.36%$206.67
-5.52%$0.999896
0.02%$23.92
-4.57%$143.63
-3.79%$1.38
-5.66%$4.58
-1.94%$29.11
-4.47%$0.564492
-4.30%$0.366956
-5.66%$0.0371459
-2.23%$0.794911
-4.97%$0.781178
1.54%$1.49
-9.42%$21.88
-0.81%$0.00357662
-9.29%$0.00006365
-6.15%$117,209.00
-1.58%$0.01846861
-1.49%$0.03274411
-5.11%$0.00505695
-8.58%$118,131.00
-0.89%$0.0039492
-5.96%$0.00401363
-3.84%$0.232614
-6.28%$0.79824
-2.58%$0.00368176
-8.61%$3.65
-0.02%$0.780269
-2.69%$3,769.32
-2.31%$0.00000075
26.15%$0.998472
0.02%$213.19
-5.38%$4,046.35
-2.46%$1.002
0.05%Reading
After surging through the $8,000 boundary yesterday, and even breaking the $9,000 resistance this morning, the price of Bitcoin (BTC) has dropped back down. It has fallen $600 in a matter of hours, to reach its current value of $8,700.
The price is fluctuating wildly but the cryptocurrency is still up around eight percent in the last 24 hours.
Since yesterday, Bitcoin has pumped from a low of $7,800 up to a peak of $9,420 earlier this morning—representing a spike of 20.7% from trough to peak. During this time, Bitcoin trading volumes on popular exchanges skyrocketed, more than doubling yesterday's values to reach $72 billion in BTC changing hands each day today—and still growing.
CME bitcoin open interest continues to grow pic.twitter.com/2ANtJvfdSG
— Unfolded (@cryptounfolded) April 28, 2020
This sudden surge in activity saw at least one popular cryptocurrency exchange crash under the load, while open interest in Bitcoin futures at CME has more than tripled since the start of the month, indicating a renewed interest in the market.
Overall, this growth has seen Bitcoin recover all of the value lost as a result of the crash in the first half of March. The cryptocurrency is now up more than 22% for the year, making it one of the best performing financial instruments so far in 2020. In comparison, popular US stock indices the S&P 500 and Dow Jones are still down 9.8% and 14.7% YTD, while the gold spot price is up 13.2%.
A new report by CryptoCompare explains that the conditions of next month’s Bitcoin halving are completely different to the previous two Bitcoin halvings, which took place in 2016 and 2012. Spoiler alert: Don’t expect Bitcoin’s price to suddenly rise post-halving, advises the cryptocurrency market analysis firm. The price of Bitcoin is skyrocketing. Here's why Sometime in the middle of next month, the supply of Bitcoins issued as mining rewards will cut in half. The event, called the “halving”...
It isn't just Bitcoin that's cooling off today. Practically every major cryptocurrency has retracted after seeing strong bullish momentum yesterday. Now, Ethereum (ETH) has fallen back to $206.90 and is now down 0.8% in the last day, while XRP is down 2.1% in the last 24 hours.
Some were already starting to predict that the stars had aligned for the Bitcoin halving—but there's all to play for.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Top Bitcoin miner MARA, formerly known as Marathon Digital, is planning to raise $850 million to buy more of the leading cryptocurrency, a filing with the Securities and Exchange Commission shows. And the firm’s stock fell sharply following the announcement. MARA—the biggest miner by market cap—said it will raise the cash via a private sale of 0% convertible senior notes due in 2032. The sale will be aimed at institutional buyers, the Fort Lauderdale, Florida-based firm said. Bitcoin Miner MARA...
Ethereum, which has spiked nearly 14% over the past week, will likely "head higher in the coming months,"as investor demand for ETH outstrips demand, according to Bitwise Chief Investment Officer Matt Hougan, Exchange-traded products based on Ethereum and treasury companies are likely to buy $20 billion of the asset over the next year, while the Ethereum network will probably produce 800,000 ETH during the same period, Hougan wrote. "That’s nearly 7x more demand than new supply—an even higher ra...
Publicly traded financial giants BNY Mellon Corporation and Goldman Sachs Group are collaborating on a tokenized money market product to improve utility and transferability of money market fund (MMF) shares, they said Wednesday. The product, built with technology developed by Goldman Sachs, will allow fund managers to enable the subscription of shares of MMF via BNY’s Liquidity Direct and digital assets platform that are then reflected with mirrored tokens on Goldman Sachs's Digital Asset Platfo...
