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Analysts say price of bitcoin can reach $85K by the year-end

Analysts say price of bitcoin can reach $85K by the year-end
techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.

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Dear Bitcoiner: Don't Let Your Brain Turn To MUD

I can’t think of a single major crypto visionary/thought leader who warned their followers of the timing, speed, or magnitude of this month’s bitcoin crash. Everyone in the community has been steadfast in their agreement that bitcoin was predestined to hit $100,000 before any "correction." ....

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Bitcoin loses ground on concerns over regulations in China

Bitcoin loses ground on concerns over regulations in China
Bitcoin, the biggest and most popular cryptocurrency, rose 8.75 per cent to touch $40,000, after plunging 14 per cent on Wednesday to its lowest since late January
Reuters | May 20, 2021 | Updated 14:24 IST
Bitcoin regained some ground on Thursday from the previous session s brutal slide to four-month lows but was weighed down by concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world. Bitcoin, the biggest and most popular cryptocurrency, rose 8.75 per cent to touch $40,000, after plunging 14 per cent on Wednesday to its lowest since late January.
Smaller rival ether was up 6.6 per cent at $2,600 at 0630 GMT, but in extremely volatile trading after its 28 per cent tumble on Wednesday. Wednesday s declines in both digital assets were their biggest daily percentage moves in more than a year as investors rushed to exit trades that until recently ....

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Some old investing lessons from the Bitcoin crash

Some old investing lessons from the Bitcoin crash
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Bitcoin and other cryptocurrencies saw extreme volatility on Wednesday. Bitcoin, for instance, started trading at $42,945. It reached a high of $43,546 during the day, dropped to a low of $30,681, and finally closed the day at $37,002.
Personal finance and investing mean different things to different people, but a few broad principles make sense for all of us to follow. And some investors learnt these old lessons of investing for the first time on Wednesday. Let’s take a look at this pointwise.
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Bitcoin Crash: Bitcoin plunge wipes $500 billion from value in crypto rout

The coin pared its loss to 10% as of 12:40 p.m. in New York, up $8,000 from its lows. It has erased all the gains it clocked up following Tesla Inc.s Feb. 8 announcement that it would use corporate cash to buy the asset and accept it as a form of payment for its vehicles. ....

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