Bitcoin Analyst News Today

Articles by Sam Callahan

Elon Musk Dons a Bitcoin Mining Hat, and Fed Downplays Inflation Risk On 5/25/21 at 2:07 PM EDT Bitcoin seems to have pulled out of its steep nosedive, and behold! The Oracle of SpaceX may be preparing to give his blessing to Bitcoin mining. Bitcoin plunged below $32,000 Sunday following Elon Musks announcement that Tesla wouldnt accept the cryptocurrency as payment for its electric cars. Then, in a tweet that many misinterpreted, Musk appeared to say that Tesla had sold some of its Bitcoin hol...

The price of gold has risen as Bitcoins value has plunged, and the economic recovery from the pandemic is threatened by indications of impending inflation.

U.S. Unlikely to Join Other Nations in Banning Bitcoin On 4/27/21 at 1:28 PM EDT Although some countries, including India, are considering banning Bitcoin, an outright ban in the United States is unlikely. Wall Street has embraced Bitcoin as an asset class, and derivatives are traded on the Chicago Mercantile Exchange. Any clampdown is likely to be wrapped in lofty language about protecting the public from scams as well as criminal and terrorist activity, and it would likely have to be accompli...

Bitcoins Record-Setting Price Inevitable, Analyst Says On 3/15/21 at 3:29 PM EDT Newsweek. Bitcoin reached $61,556.59 this weekend, eclipsing its previous high of $58,356. "If youre looking for one word, it would be inevitable!" Jason Deane, analyst at Quantum Economics, in London, told Newsweek. Jason Deane, Bitcoin Analyst, Quantum Economics, London (Photo Provided) "Its clear from Michael Saylors and Grayscales continuing acquisitions, new institutions entering the space on a daily basis a...

"The narrative that Bitcoin is a good hedge against inflation is, in our view, a robust one that appears to be firmly adopted by key players in the market for the time being," Jason Deane, Bitcoin

Currency Traders Favoring Long Positions Over Short in Crypto by 70%-30%, Report Says On 3/3/21 at 4:51 PM EST The IG Client Sentiment Report said 70.78% of traders held long positions while 29.22% were short. A long position is a bet on future price appreciation while those going short see a price decline. Bitcoin climbed above $50,000 in early trading Wednesday after dropping about 25% from its high as major institutions continued to support the cryptocurrency and investor sentiment turned bu...

Billionaire Bitcoin Battle: Elon Musk Praises Crypto, Bill Gates Warns Investors to Watch Out On 3/1/21 at 4:36 PM EST Both billionaires have a point. Musk appeared to ballyhoo Bitcoin following his investment and has playfully tweeted about Dogecoin, a cryptocurrency launched as a parody. Musk is making money on crypto, and his often light-hearted tweets suggest hes laughing all the way to the bank. Tesla CEO Elon Musk arrives at federal court, April 4, 2019 in New York City. Drew Angerer/Get...