Last Friday, Bitcoin was within an inch of reaching a price of $100,000. Because many traders had set automatic sell orders at that mythological price limit, there is a bounce back once that level is almost reached. Back in April and May of this year, Bitcoin tried to break through the $70,000 level several times, […]
A new day comes with a new record for Bitcoin this week. At the time of writing Bitcoin has another new ATH, this time it’s $99,000. Unfortunately, rug pulls are nothing new for the world of crypto. An influencer creates a cryptocurrency, promotes it on social media and then sells most of the coins when the […]
Bitcoin reached yet another record this morning, fueled by the positivity surrounding crypto and the entrance of many new investors. At the time of writing, Bitcoin is trading for $98,000. Local governments of the Asian megacities Seoul (9 million inhabitants) and Tokyo (10 million inhabitants) are becoming increasingly nervous as the crypto craze of 2024 […]
A lot of new financial terms appeared in the global media this week. By now, even well respected outlets such as the New York Times, Bloomberg, the Wall Street Journal and the Financial Times are convinced that Bitcoin can soon reach $100k. At this moment we are apparently in the ‘melt-up’ phase, if Bitcoin does […]
When El Salvador’s President Nayib Bukele pointed out last week that his country’s strategic Bitcoin reserve had already generated a profit of $100 million, many looked towards Bhutan. That tiny Asian country, which started mining Bitcoin using government resources just a few years ago, now has a Bitcoin stash worth more than a billion dollars. […]
If we look at CoinMarketCap’s top 100, we can see that there were quite a few memecoins that gained more than 100% in one week (both Dogecoin and Bonk did that since the beginning of November) ever since Donald Trump’s victory, but the price gain of ‘Peanut the Squirrel’ really stands out. That new memecoin […]
A very striking move this past week was the price increase of XRP, the cryptocurrency issued by the Californian company Ripple Labs. XRP rose by some 80%, while we mainly saw profit taking for the other major crypto coins. XRP was one of the standouts during the 2017-2018 bull run, when the coin rose to […]
Short Sellers are companies that specialize in betting that a certain investment will be worth less in the future. These so-called Wall Street vultures have been experiencing a real ‘short squeeze’ for the past week or so. Bitcoin and Tesla (which many investors apparently also think are worth much less than their current value) are […]
In recent years, there have been many well-known ‘Bitcoin bashers’ who commented in global media on the silliness of Bitcoin just as the price of the biggest digital currency continued to rise. There was Paul Krugman, the economics professor who once won the Nobel Prize and who writes an almost weekly column in the New […]
A remarkable story in the ‘Korea Times’ yesterday, the largest English-language newspaper in South Korea. It said that trading volumes for Dogecoin were larger than volumes for Bitcoin in the Asian country. The article also warned of a possible bubble. It is not surprising that Dogecoin is popular in Seoul. Young South Koreans have been major […]
