The goal of blockchain start-ups to build a decentralised Internet always depended on wresting data storage away from giants like Amazon and Google. That missing piece of the puzzle may be solved.
Browsing: Bitcoin
Bitcoin reminded investors of both its promise and peril in trading this weekend. The world’s largest cryptocurrency rose to $12 112, its first foray above $12 000 since August 2019, before plunging.
After several weeks of trading in narrow ranges, bitcoin breached $10 000 on Sunday for the first time since early June.
Bitcoin slid below $9 000 on Monday for the first time since May, joining a downdraft in global equities amid growing concern about the risks of a second wave of coronavirus infections.
Investors expecting a sudden surge in bitcoin’s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait.
Major cryptocurrencies including bitcoin and ether have surged over the past week, but technical indicators show they’re butting up against a key resistance level.
The world’s biggest cryptocurrency rallied back above $10 000 ahead of a technical event seen by some as having driven the price higher recently.
It’s been left for dead more than once. Yet bitcoin is once again staging a comeback reminiscent of the token’s glory days, with evangelists pegging their hopes on a technical event as the new catalyst.
Excitement over bitcoin’s upcoming halving and an overall risk-on environment are pushing up cryptocurrencies, with the largest token reaching its highest level since before the coronavirus-induced crash.
As bitcoin’s “halving” approaches, the cryptocurrency’s supporters and sceptics are debating what kind of impact it may have on the coin’s value. What does it all mean?