$117,962.00
-1.43%$2,965.14
-0.98%$2.86
-0.67%$683.42
-1.23%$159.51
-2.78%$0.999835
-0.00%$0.193264
-3.74%$0.301225
0.14%$2,965.23
-1.07%$0.720065
-4.88%$47.21
-4.27%$117,886.00
-1.31%$0.440826
-13.63%$3.85
2.44%$3,581.96
-0.16%$15.44
-2.77%$0.233551
-7.38%$492.15
-3.19%$20.86
-3.34%$9.02
-0.14%$3,174.66
-1.19%$0.00001301
-3.89%$2.99
0.30%$2,964.05
-1.14%$92.85
-3.03%$0.999842
0.01%$1.002
0.14%$45.53
-1.45%$340.31
0.71%$3.87
-5.01%$117,957.00
-1.54%$1.001
-0.08%$8.78
0.98%$4.34
-2.46%$0.00001195
-5.51%$309.15
-1.71%$406.61
1.97%$0.452788
-3.03%$0.104103
-2.28%$4.86
-5.93%$2.53
-3.18%$1.18
0.02%$0.89606
-3.10%$47.28
-3.67%$1.00
0.00%$5.27
-4.57%$193.99
-2.73%$18.16
-3.12%$0.726158
3.64%$0.281197
5.12%$1.00
0.07%$0.083192
-5.65%$0.00002728
1.30%$0.327888
-7.56%$4.49
-5.75%$0.02379627
-5.27%$0.223455
-5.36%$0.00561965
3.47%$1.059
0.05%$0.397473
-5.58%$0.338713
-1.50%$4.51
0.71%$3.70
-3.87%$0.02982359
2.45%$15.64
-0.61%$9.22
-4.58%$0.690726
-5.72%$2,971.36
-0.90%$1.028
-4.30%$118,323.00
-0.85%$2.50
-4.21%$0.076414
-2.94%$110.49
-7.85%$169.70
-2.30%$4.70
-1.11%$11.46
0.04%$0.483903
-6.58%$1.00
0.02%$0.994072
-0.73%$3,109.41
-1.12%$3,377.80
-1.22%$0.999384
-0.17%$1.46
-9.32%$1.83
-5.73%$1.30
0.47%$1.26
-6.27%$4.29
-1.55%$0.07667
-6.60%$0.01731828
1.78%$12.12
-5.21%$0.768211
-5.14%$0.647417
-3.75%$118,077.00
-1.27%$3,168.95
-0.90%$3,114.81
-1.22%$0.341904
-7.39%$1.00
-0.02%$1.64
-7.90%$1.002
0.18%$3,116.95
-1.37%$0.997058
-3.12%$0.517972
-3.96%$3,216.06
-0.67%$0.096891
-4.57%$0.691169
2.31%$117,844.00
-1.36%$3,353.76
0.20%$121,068.00
-1.60%$1.11
0.04%$0.00009541
-3.77%$683.17
-1.33%$0.150926
-3.70%$0.999426
0.01%$0.537163
-2.74%$0.215423
-3.05%$179.46
-2.50%$10.36
-9.55%$3,348.15
-0.13%$2.34
-3.01%$208.81
-2.58%$0.77699
-6.04%$0.848136
-1.27%$0.01677252
-5.77%$0.01557392
-4.59%$0.300671
-5.60%$22.05
-1.73%$2.73
-4.38%$10.75
0.01%$111.80
0.02%$0.423287
-29.14%$0.0000007
2.21%$0.807055
-3.69%$42.37
-2.27%$0.998417
0.01%$0.254863
0.15%$2,962.39
-1.17%$0.11584
-4.93%$0.625845
-3.35%$3,169.25
-0.84%$0.01877393
8.66%$3.87
-3.36%$1.82
-6.78%$1.091
-0.32%$47.30
-3.85%$3,113.27
-0.57%$117,922.00
-1.33%$0.00000157
-20.38%$2,961.71
-1.23%$0.381832
-3.25%$0.999997
0.03%$0.00871703
-0.38%$0.997795
-0.01%$117,694.00
0.13%$0.302465
-6.65%$0.417376
0.24%$1.80
-6.96%$118,164.00
-1.21%$0.00595185
14.14%$2.95
-6.41%$0.534415
-4.33%$1.52
-2.70%$1.00
0.03%$47.23
-4.10%$0.052776
-8.43%$2,964.01
-1.13%$0.999591
-0.01%$26.00
-2.11%$0.100173
-3.76%$0.507326
5.86%$0.631096
-6.15%$0.999133
-0.05%$0.191647
-4.93%$0.134791
-5.15%$0.342514
8.52%$0.442168
-15.69%$0.065565
5.07%$0.22337
0.62%$3,153.34
-0.68%$0.419314
-3.95%$0.0077433
-5.44%$0.181318
-0.60%$0.999792
-0.00%$0.377016
-0.33%$0.592499
-3.50%$0.00000045
-0.46%$47.20
-0.16%$6.77
-3.68%$6.23
-3.69%$7.51
-0.21%$3,270.45
-1.24%$15.02
-5.04%$1.098
-7.12%$0.00002073
-2.83%$1.093
-0.05%$117,724.00
-1.54%$0.996497
0.02%$1.28
-6.41%$2.40
-6.00%$0.00398063
-14.00%$3,246.22
-1.15%$0.999628
0.12%$0.054101
-4.09%$0.00563403
22.58%$0.536507
-2.03%$0.03930583
-4.95%$0.147446
-2.40%$2,958.84
-1.22%$0.999857
0.01%$1.34
1.05%$0.078278
-5.23%$2,966.12
-1.10%$1.50
-2.02%$2,958.07
-1.45%$0.03611557
-1.00%$0.999682
-0.02%$0.01853439
-1.06%$117,843.00
-1.45%$0.359298
-9.60%$0.774865
-6.06%$0.346725
-4.91%$0.00670747
-2.54%$0.00006134
-4.41%$20.84
-1.61%$11.55
0.79%$174.32
-2.70%$0.510126
-3.15%$3,594.32
-0.26%$126.42
-1.94%$0.32813
5.49%$25.38
-3.32%$0.223162
-5.21%$0.705098
-4.17%$1.097
-4.59%$0.02996423
0.79%$0.783777
-12.32%$0.999199
-0.03%$3.82
4.97%$0.751815
-1.47%$1.001
-0.01%$0.999453
0.00%$0.00368106
-3.15%$20.90
-3.26%$118,938.00
-0.86%$0.998478
-0.16%$0.481992
-12.32%$0.00334927
-0.21%$2,367.09
-1.53%$1.019
-0.08%Reading
Bitcoin (BTC) has just surged by more than $250 in the last three hours to reclaim the $9,000 price point. Bitcoin is now trading at $9,157—up by four percent since yesterday as a result of a sudden increase in trading volume.
The last month has been a particularly volatile period for Bitcoin. In this time, the cryptocurrency has experienced three major bullish breaks, each of which pushed it confidently over the $9,000 threshold. However, a downtrend that began last week eventually curbed this price action, sending Bitcoin plummeting back to as low as $8,691, before hovering just below $9,000 for the last three days.
It’s happening.@GoldmanSachs: “Implications of Current Policies for Inflation, Gold and Bitcoin” pic.twitter.com/kjTGYSE9za
— Mike Dudas (@mdudas) May 22, 2020
As always, it remains unclear what the main drivers were behind today's bullish momentum, but there are a couple of potential candidates. Later today, American multinational investment bank Goldman Sachs is scheduled to hold a conference call with investors where it will discuss macro-economic and financial trends. The title of the discussion is "US Economic Outlook & Implications of Current Policies for Inflation, Gold and Bitcoin," and may act to improve awareness of Bitcoin among high net worth and institutional investors.
However, the slides do not look so promising. They claim that Bitcoin is not an asset class and that it is a conduit for illegal activity.
Beyond this, Bitcoin lost almost 20% of its value in the two months following its second block reward halving back in July 2017. However, two weeks after the third halving event, Bitcoin is now trading at three percent above its peak price on the day of the halving.
—Bitcoin started it all. It was the first cryptocurrency, and it launched an industry that now includes thousands. But who invented it, how does it work, and why is it so important? What is Bitcoin? Bitcoin (BTC) is a peer-to-peer cryptocurrency. Think of it as a digital token. You can't physically touch or hold Bitcoins, and all Bitcoin transactions are logged on a public, decentralized, immutable ledger. The first official purchase using Bitcoin was for pizza in May 2010. Two pizzas from Papa...
Overall, Bitcoin is now up 5.1% in the last year and 18.1% in the last 30 days, but is still down 3.5% this week.
Yet sentiment about Bitcoin is down, the number of tweets about Bitcoin has dropped and the number of Bitcoin transactions are also falling. None of these is a good look.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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