![[UPDATE] Bitcoin Surges To Over $7,000--Here's Why](https://i.headtopics.com/images/2019/5/15/forbes/update-bitcoin-surges-to-over-7-000-here-s-why-1128506823118663680.webp)
Bitcoin, which has been defying gravity this week following a serious security breach and theft at the world's biggest cryptocurrency exchange, Binance, has just bounced by almost 10% over the last 24 hour trading period to almost $7,000...
Meanwhile, bullish analysts have continued to voice their support for bitcoin ahead of one of the biggest events in the cryptocurrency calendar starting next week—
Blockchain Week NYC and CoinDesk’s Consensus 2019 event, beginning Monday, May 13, and running all week at the New York Hilton Midtown.This year headline speakers include FedEx’s Fred Smith, Fidelity’s Abigail Johnson, Twitter and Square’s Jack Dorsey, chairman of the U.S. Securities Exchange Commission, Jay Clayton, and U.S. presidential hopeful, Andrew Yang.
Yesterday, analysts from investment bank Canaccord Genuity said they expect bitcoin to rally hard over the next 24 months, potentially returning to its late 2017 highs due to next year's halving event, where the number of bitcoins rewarded to miners will be cut by 50%. "Now four months into 2019, we note for the third time the striking similarity in bitcoin’s price action between 2011-2015 and 2015-2019," Canaccord researchers wrote in a note to clients."While this simple pattern recognition has little fundamental basis, we note that bitcoin does operate on a four-year cycle of sorts, as the halving of bitcoin’s mining reward occurs approximately every four years.
"Bitcoin has started to form the spring 2019 bottom we began mentioning last year, although a close look at the chart suggests the recovery may be slightly ahead of itself. Looking ahead, if bitcoin were to continue following the same trend, the implication is a slow climb back toward its all-time high of ~$20,000, theoretically reaching that level in March 2021."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Budweiser Brewer Plans $7 Billion Hong Kong IPOThe Asian business of beer giant Anheuser-Busch InBev filed an application to list on the Hong Kong stock exchange, moving closer toward a multibillion-dollar initial public offering later this year.
Weiterlesen »
![[UPDATE] Bitcoin Surges To Over $7,000--Here's Why](https://i.headtopics.com/images/2019/5/12/forbes/update-bitcoin-surges-to-over-7-000-here-s-why-1127338951755358208.webp?w=640)
[UPDATE] Bitcoin Surges To Over $7,000--Here's WhyBitcoin, which has been defying gravity this week following a serious security breach and theft at the world's biggest cryptocurrency exchange, Binance, has just bounced by almost 10% over the last 24 hour trading period to almost $7,000...
Weiterlesen »
Bitcoin holds above $7,000 after hitting nine-month highBitcoin hovered above $7,000 on Monday, close to nine-month highs, as the bigges...
Weiterlesen »
Bitcoin climbs back above $7,000 and is now up 90% year-to-dateThe cryptocurrency climbed close to $7,600 on Sunday, according to industry website CoinDesk.
Weiterlesen »
Bitcoin Surges Above $8,000; Investors Say ‘Crypto Winter’ Is OverThe price of bitcoin has rocketed in recent days, even as major financial markets have faltered due to escalating trade tensions.
Weiterlesen »
Here's what could take bitcoin to its all-time high, according to longtime bull Tom LeeBitcoin's back in focus on Wall Street after cracking the $8,000 level for the first time in nearly a year, and Fundstrat's Tom Lee sees more runway ahead of the digital currency.
Weiterlesen »
Bitcoin is up more than 100% in 2019 — why is no one Googling it?As the leading digital currency books fresh cycle highs by the day, it’s safe to assume that bitcoin is back after a calamitous 2018. Or is it?
Weiterlesen »
Why is bitcoin surging? — Here are 4 possible explanationsBitcoin is on the comeback trail and it’s building momentum by the day. But what’s behind the rally?
Weiterlesen »
68% of millennials prefer credit cards that offer rewards—here's why that could actually cost them'I love using credit cards for the rewards and other perks, but carrying a balance quickly wipes away the value of any rewards you might earn,' says Ted Rossman.
Weiterlesen »
Biden’s lead over Sanders keeps growing. Here’s why.Biden’s lead over Bernie Sanders keeps growing — here’s why by AndrewRomano
Weiterlesen »