Activity in Bitcoin futures suggests traders don't see a sudden end to the crypto rally, with spreads continuing to widen between the active contract and March futures
Bitcoin has risen around 72% so far this year, with most of the gains coming after electric carmaker Tesla said it had bought $1.5 bn in it
Bitcoin has been on a tear in recent times
Predicting a price for Bitcoin is challenging but it's likely to rise longer term as funds and family offices assign 0.5 per cent or 1 per cent of their portfolios to it, Matt Long said
Total assets under management (AUM) in the industry slipped to $29.7 billion as of Jan. 22, from an all-time peak of $34.4 billion on Jan. 8
The world's most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange, after reaching an all-time high of $40,402.46 in the previous session
First it went through $20,000. Then 10 days later, it broke through $25,000, and then it crossed $30,000. Now only a few days into 2021, the price of bitcoin has crossed $40,000
"Bitcoin's competition with gold has already started in our mind," the Wall Street bank's strategists said in a note
India needs a regulatory framework for cryptocurrencies
The currency gained as much as 7.8 per cent to $34,182.75, before slipping to about $33,970 as of 3:05 p.m. on Sunday in Singapore
The latest gains top an eye-popping rally for the controversial digital asset in 2020
It has surged by nearly half since breaking $20,000 for the first time on Dec. 16
Despite the investment in bitcoin by trimming exposure to gold, Wood still continues to remain bullish on the yellow metal
The digital coin jumped more than 9 per cent on Thursday, touching a high of $23,256.92, according to a composite of prices compiled by Bloomberg
Listen to the podcast to know about the massive rally in Bitcoin's price and does it stand a chance to replace gold as an investment bet?
Breaches $13,000, experts feel this will bolster acceptance of crypto in India
There were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the "halving" effectively decreased its supply
Dorsey has also hired Bitcoin developers for his payments company, Square
The largest digital token, trading around $7,200, has posted gains of more than 9,000,000 per cent since July 2010, according to data compiled by Bloomberg.
Other cryptocurrencies like Ethereum and Ripple also rose sharply