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Bitcoin Is Coming to Your Bodega – Pacific Standard


Pacific Standard

Bitcoin Is Coming to Your Bodega
Pacific Standard
The new machine isn’t an ATM, but a BTM—a Bitcoin teller machine. There are now more than 80 in New York City, and dozens more around the country. But are they enough to make cryptocurrency a de facto choice? This year, Bitcoin has increased in value


Pacific Standard

Bitcoin Is Coming to Your Bodega
Pacific Standard
The new machine isn't an ATM, but a BTM—a Bitcoin teller machine. There are now more than 80 in New York City, and dozens more around the country. But are they enough to make cryptocurrency a de facto choice? This year, Bitcoin has increased in value ...

Bitcoin could be adding 0.3% to Japanese GDP – Business Insider


Bitcoinist

Bitcoin could be adding 0.3% to Japanese GDP
Business Insider
Cboe, CME Group and Goldman Sachs have all made moves to clear bitcoin futures and other derivatives. Goldman is also opening a crypto trading desk. And users on crypto exchanges like Bitfinex and Tokyo-based bitFlyer are making leveraged bets on
Bitcoin Will Give Japan’s Economy a Substantial BoostBitcoinist

all 8 news articles »


Bitcoinist

Bitcoin could be adding 0.3% to Japanese GDP
Business Insider
Cboe, CME Group and Goldman Sachs have all made moves to clear bitcoin futures and other derivatives. Goldman is also opening a crypto trading desk. And users on crypto exchanges like Bitfinex and Tokyo-based bitFlyer are making leveraged bets on ...
Bitcoin Will Give Japan's Economy a Substantial BoostBitcoinist

all 8 news articles »

Latest Bitcoin Price: Bitcoin Hovers Around $13700 In Soft Start To 2018 – NDTV

NDTVLatest Bitcoin Price: Bitcoin Hovers Around $13700 In Soft Start To 2018NDTV2) Last month, the Indian government cautioned investors to be wary of virtual currencies like Bitcoin, saying they are like ponzi schemes with no legal tender and protecti…


NDTV

Latest Bitcoin Price: Bitcoin Hovers Around $13700 In Soft Start To 2018
NDTV
2) Last month, the Indian government cautioned investors to be wary of virtual currencies like Bitcoin, saying they are like ponzi schemes with no legal tender and protection. "There is a real and heightened risk of investment bubble of the type seen ...
Bitcoin exchanges set to face increased scrutinyLivemint

all 7 news articles »

Bitcoin Gold Price Technical Analysis – BTG/USD Preparing for Next Break

Key Points Bitcoin gold price has recovered well from the $205 support zone against the US Dollar. There is a contracting triangle forming with current resistance at $255 on the hourly chart of BTG/USD (data feed from Bitfinex). The pair might make the next move soon either above $255 or below $235 in the near … Continue reading Bitcoin Gold Price Technical Analysis – BTG/USD Preparing for Next Break

The post Bitcoin Gold Price Technical Analysis – BTG/USD Preparing for Next Break appeared first on NEWSBTC.

Key Points

  • Bitcoin gold price has recovered well from the $205 support zone against the US Dollar.
  • There is a contracting triangle forming with current resistance at $255 on the hourly chart of BTG/USD (data feed from Bitfinex).
  • The pair might make the next move soon either above $255 or below $235 in the near term.

Bitcoin gold price is moving nicely above $200 against the US Dollar. BTG/USD is now preparing for the next break with resistance at $255.

Bitcoin Gold Price Resistance

Recently, we saw a declining pattern in bitcoin gold price from the $300 swing high against the US Dollar. The price traded below the $280 and $250 support levels and moved closer to the $200 handle. A low was formed at $207 from where the price started an upside recovery. It has moved above the 50% Fib retracement level of the last decline from the $275 high to $207 low.

However, the price is struggling to move above the $260 resistance level. Moreover, the 61.8% Fib retracement level of the last decline from the $275 high to $207 low also prevented gains. It seems like there is a contracting triangle forming with current resistance at $255 on the hourly chart of BTG/USD. The triangle resistance at $255-260 is a major hurdle for buyers. On the positive side, the price is currently above $240 and the 100 hourly simple moving average.

Bitcoin Gold Price Technical Analysis BTG USD

On the downside, there is a connecting trend line with support at $240. Therefore, it seems like the pair is approaching a breakout either above $255 or below $235. Above $255-260, the price could trade higher towards the $300 level. On the other hand, below $235, the price could retest $200.

Looking at the technical indicators:

Hourly MACD – The MACD for BTG/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is moving higher towards the 70 level.

Major Support Level – $235

Major Resistance Level – $260

 

Charts courtesy – Trading View, Bitfinex

The post Bitcoin Gold Price Technical Analysis – BTG/USD Preparing for Next Break appeared first on NEWSBTC.

Bitcoin Outperformed All Bonds, Stocks, Gold, and Assets in 2017 as Usual

Bitcoin has started a new year, after defeating all bonds, stocks, gold, and assets in terms of price growth and profitability in 2017. 1,300% Annual Return According to StockTwits, S&P 500, Dow Jones, Nasdaq, Long 20+ Year Treasuries, Gold, Emerging Markets, and Junk Bonds have all recorded yearly gains below the 35 percent mark, despite … Continue reading Bitcoin Outperformed All Bonds, Stocks, Gold, and Assets in 2017 as Usual

The post Bitcoin Outperformed All Bonds, Stocks, Gold, and Assets in 2017 as Usual appeared first on NEWSBTC.

Bitcoin has started a new year, after defeating all bonds, stocks, gold, and assets in terms of price growth and profitability in 2017.

1,300% Annual Return

According to StockTwits, S&P 500, Dow Jones, Nasdaq, Long 20+ Year Treasuries, Gold, Emerging Markets, and Junk Bonds have all recorded yearly gains below the 35 percent mark, despite the strong performance of the US stock markets.

On the contrary, as it did in 2015 and 2016, bitcoin has surpassed the growth rate of all of the conventional assets in the traditional finance industry. After starting 2017 at $900, bitcoin price has closed the year at $13,500, recording nearly a 1,300 percent annual return.

Within the global cryptocurrency market however, bitcoin has not been the most profitable asset. Litecoin, IOTA, Ripple, Ethereum, and several others have outperformed bitcoin, with Ripple recording a staggering 333-fold yearly return.

$1,000 invested in bitcoin in early January would have earned an investor $13,000 while $1,000 invested in Ripple in the same time period would have earned an investor $330,000.

Regardless of its strong performance, the dominance index of bitcoin has declined significantly, from 90 percent to 38.3 percent. Analyst have attributed such a sharp decline in its dominance over the cryptocurrency market to the cryptocurrency’s high transaction fees, which increased to $20 per median-size transaction in December.

Stil, relative to other assets and currencies in the finance sector and global economy, bitcoin has recorded a strong return for investors.

2018: Big Year For Bitcoin

In December 2017, Bitfury vice chairman and prominent bitcoin investor George Kikvadze noted that the $10,000 mark was a psychological threshold for bitcoin investors and once that was passed, anything was possible thereafter.

Billionaire investor Mike Novogratz reaffirmed his target of $50,000 and has publicly stated that he is confident the market valuation of bitcoin would surpass a trillion dollars by the end of 2018. Investors also expect innovative scaling solutions to be integrated into the Bitcoin network to reduce transaction fees, which would drastically improve its usability and adoption.

“Bitcoin could be at $40,000 at the end of 2018. It easily could. What’s different about these coins than other commodities … there is no supply response here. So it’s a speculator’s dream in that as buying happens there’s no new supply response that comes up. So every price move gets exaggerated. It’s going to get exaggerated on the way up,” said Novogratz.

As NewsBTC previously reported, large-scale financial institutions such as the New York Stock Exchange (NYSE), Nasdaq, and Chicago Board Options Exchange (CBOE) plan to provide regulated investment vehicles for institutional investors and retail traders. Most recently, NYSE and CBOE filed for six bitcoin exchange-traded funds (ETFs) to the US Securities and Exchange Commission (SEC).

The post Bitcoin Outperformed All Bonds, Stocks, Gold, and Assets in 2017 as Usual appeared first on NEWSBTC.