$120,606.00
1.80%$4,699.43
9.84%$3.29
5.42%$853.73
6.78%$201.32
15.57%$0.999787
-0.00%$4,691.08
10.11%$0.247239
12.49%$0.357512
3.55%$0.87874
14.17%$5,680.13
9.88%$24.27
14.88%$46.22
9.10%$120,583.00
1.92%$5,047.26
9.69%$0.454717
4.81%$4.03
11.34%$5,044.12
10.02%$611.13
3.55%$0.266271
8.12%$4,703.56
9.88%$1.001
0.07%$25.20
9.86%$132.89
11.76%$3.53
5.31%$9.25
2.13%$0.00001396
9.52%$0.999711
0.08%$12.23
12.55%$0.999878
-0.01%$46.24
3.33%$120,694.00
1.82%$4.28
10.83%$108.45
137.52%$4.89
11.78%$0.169021
0.98%$1.19
0.02%$0.812082
6.44%$0.00001238
10.87%$328.60
12.02%$258.37
3.89%$400.83
11.06%$1.12
10.30%$24.19
10.06%$2.91
13.06%$4.97
10.31%$1.078
10.93%$5.85
10.08%$0.39728
5.22%$246.05
15.74%$4,695.03
9.79%$0.099641
14.85%$0.496556
14.04%$0.278927
11.24%$1.00
0.00%$0.03795278
9.37%$0.253361
9.22%$0.02625318
9.27%$4.83
7.84%$18.68
13.27%$1.00
0.01%$5,339.70
9.92%$4.22
13.54%$215.36
15.59%$0.00002695
12.18%$4,928.59
9.85%$1.091
12.30%$0.344686
14.75%$4.58
0.09%$0.743269
9.38%$1.063
0.00%$9.53
9.18%$5.41
6.29%$2.70
9.61%$5.92
5.23%$0.083939
1.87%$4,943.45
10.10%$5,101.19
9.87%$117.94
7.67%$0.556268
13.33%$1.83
7.63%$4,977.56
9.07%$0.02318375
6.05%$120,443.00
1.69%$12.80
7.68%$15.46
14.46%$0.090707
4.39%$0.999961
0.03%$1.97
15.30%$1.057
16.75%$0.818248
10.36%$4,956.28
9.85%$0.00399057
14.55%$1.55
5.69%$0.772617
10.07%$1.37
2.63%$0.99983
-0.02%$0.0280623
-4.86%$0.99989
0.02%$0.999627
0.27%$3,372.16
0.81%$46.31
9.51%$119,931.00
1.23%$0.99993
0.00%$227.38
15.17%$0.616878
12.04%$1.33
22.35%$0.00011819
10.94%$853.81
6.67%$1.11
30.54%$0.10377
12.02%$1.00
0.05%$0.327654
11.49%$4,696.27
10.06%$1.041
16.32%$0.20046
3.46%$2.95
8.99%$0.382489
0.75%$0.999796
-0.01%$29.94
8.85%$120,588.00
1.90%$3.61
19.75%$5.72
7.60%$3,351.47
0.26%$264.68
15.68%$0.592435
12.93%$121,329.00
1.84%$1.12
-0.05%$0.88624
5.49%$1.39
7.72%$0.910879
11.13%$4,516.94
0.42%$0.15344
6.39%$0.01850194
13.07%$0.216232
9.40%$0.01855669
12.32%$4,699.47
10.34%$4,695.14
10.04%$4,972.44
8.94%$0.13449
13.29%$0.30887
10.91%$2.28
12.30%$5,000.53
9.86%$0.436265
-2.32%$1.98
13.91%$120,503.00
1.97%$112.15
0.01%$0.0000007
3.77%$0.211699
0.09%$1.088
0.47%$0.998323
0.09%$5,179.95
10.41%$4,703.54
10.29%$0.407981
11.67%$0.459361
15.97%$39.88
7.91%$1.001
0.06%$0.632475
0.12%$0.246777
12.00%$5,095.81
10.60%$0.317835
9.98%$0.061113
13.42%$1.49
5.32%$0.00649024
6.38%$0.00818375
0.31%$29.63
5.26%$120,953.00
1.91%$0.00985321
12.09%$0.997944
0.02%$0.146784
16.25%$3.02
5.98%$0.718055
14.96%$0.00000142
4.59%$4,652.19
9.56%$8.38
15.51%$4,695.91
10.15%$1.26
9.65%$1.49
10.23%$0.467617
0.93%$0.653258
7.98%$0.515276
8.33%$0.072583
-0.24%$0.00000122
9.29%$117,520.00
1.45%$54.54
8.10%$0.999683
-0.01%$0.815675
10.50%$7.59
9.51%$0.999369
0.10%$0.067703
21.69%$0.01405305
3.55%$0.404282
8.40%$6.78
10.56%$16.64
11.30%$5,687.41
9.87%$0.00000047
-0.73%$1.46
9.28%$0.02372812
5.79%$15.16
2.42%$0.178832
20.28%$0.00865874
11.20%$0.00002232
7.02%$1.16
-0.02%$0.995085
-0.33%$2.61
11.18%$7.59
0.77%$0.40028
6.59%$0.04430237
8.87%$0.090409
10.31%$0.999938
-0.00%$0.00487088
-1.68%$221.44
15.33%$0.59585
7.82%$1.096
-0.02%$4,927.66
9.42%$5.11
0.17%$0.999523
0.65%$46.22
9.06%$10.78
0.03%$0.999804
-0.00%$4.88
16.57%$0.03489812
5.27%$25.34
10.53%$30.88
10.51%$120,624.00
1.95%$0.59132
12.35%$0.278672
6.25%$0.146612
8.57%$0.372955
11.41%$5,283.51
9.81%$142.74
7.84%$0.116575
-2.16%$0.00504618
15.38%$0.5989
12.70%$22.77
1.06%$4,677.65
9.38%$0.00000301
25.62%$1.32
9.03%$0.803965
-1.57%$0.00360255
9.09%$120,372.00
1.93%$0.253363
8.91%$0.755102
8.61%$0.82937
9.96%$0.0050063
10.61%$120,534.00
1.82%$0.00006243
4.24%$0.03453957
3.79%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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