Page 30 - Purpose Bitcoin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Image source: Getty Images. If you’re a Canadian investor, then it’s likely you have a Tax-Free Savings Account (TFSA). While the TFSA is great, this year there is a total contribution room of $75,500. Now, if you’re interested in buying Bitcoin, you have a problem. Bitcoin currently trades at around $66,600 as of writing. So, even if you haven’t invested a penny into your TFSA, it means you can only put one solitary Bitcoin in your TFSA. Maybe it’s time to look at the bigger picture of cryptocurrency. Let’s say you don’t have $66,600 lying around. But you wa...

From tech to Bitcoin, these Canadian stocks are going through a pullback that you'll want to get in on before it's gone forever!

Is Bitcoin a Good Alternative Investment? Image source: Getty Images The crypto frenzy started in November 2020, and within months, Bitcoin and Dogecoin attained a market valuation of $1.28 trillion and $97 billion, respectively. Such growth mania tempts you to buy the crypto but also cautions you of the downside. Then you see names like  Goldman Sachs and Warren Buffett criticizing crypto, while Elon Musk and  Square’s CEO support it.  The only way to resolve this conundrum is to listen to both sides to understand why it could be the future currency and what could ...

Bitcoin Is Falling: Should You Buy the Dip? More on: Image source: Getty Images The price of Bitcoin fell below the US$50,000 mark on April 25, 2021. The broader cryptocurrency market lost considerable momentum in the latter half of April. Many retail investors may have seen substantial losses due to the decline, as many investors flocked to cryptocurrencies after a strong run throughout 2020 and until now in 2021. Bitcoin is back up to the US$54,000 mark at writing. However, it is quite volatile. I will discuss the reason for its decline and whether it might be worth b...

Bitcoin: Will it Bounce Back From the April Dip? More on: Image source: Getty Images Bitcoin and the broader crypto market ran into turbulence in the last weeks of April. The top digital currency was trading above US$57,000 in early afternoon trading on May 3. Crypto has well and truly burst into the mainstream over the past year. Moreover, crypto markets have proven resilient in bouncing back from dips in recent months. Is this another buying opportunity? Let’s dive in. Why Bitcoin and cryptocurrencies hit rough waters in April Last month, I’d discussed the reasons b...