Cryptocurrency News
Bitcoin climbed above $2,000 for the first time Saturday on increased demand from Japanese and Chinese investors. The digital currency rose more than 4.5 percent to hit an all-time high of $2,061.88, according to CoinDesk.com. Bitcoin was last trading near $2,047. Japan accounted for nearly 55 percent of trade volume, up from near 40 percent … Read more
A research paper published last week shows that forum user comments can be used to predict the value fluctuation of bitcoin to an accuracy of over 80 percent. Study Funded by Korean Government A research paper entitled “When Bitcoin encounters information in an online forum: Using text mining to analyse user opinions and predict value … Read more
The price of bitcoin has exploded over $1,900 ($1,944 as of this writing), and a yen-bitcoin carry trade may actually push it far higher, says leading bitcoin expert Trace Mayer. Here’s what Trace said on our FS Insider podcast Friday: “A major Japanese forex company is now letting people trade Bitcoin. Well, what happens there? … Read more
In just one year, bitcoin has risen from around $200 to now trade within a touching distance of $2,000, with the currency surpassing gold parity this year and further increasing to a price higher than an ounce of gold has ever achieved. Gold’s historical price – source tradingview. The highest ever recorded price for … Read more
IT IS hard to predict when bubbles will pop, in particular when they are nested within each other. It helps to keep this image in mind when considering one of the biggest surges in asset values of recent years: the market value of all the world’s crypto-currencies has trebled since the beginning of the year, … Read more