Dec 10, · Bitcoin has bounced off the SMA on the 4-hour chart, renewing the mission to new yearly highs. Ethereum has recovered from the dip to $ but hit a . Dec 16, · Bitcoin just crossed $20, to mark a fresh record high. JC O'Hara of MKM Partners and Steve Chiavarone of Federated Hermes share their outlooks on the crytpocurrency. Dec 17, · Bitcoin Hit a Fresh All-Time High, and These Cryptocurrency Stocks Are Soaring The leading digital currency gained more than $3, in the past 24 cryptolabz.de: Matthew Frankel, CFP.
Fresh market bitcoinBitcoin Hit a Fresh All-Time High, and These Cryptocurrency Stocks Are Soaring | The Motley Fool
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The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The cryptocurrency market slipped into a red zone, with all major altcoins nursing significant losses. Stablecoins may pose risks to "international monetary stability". In the recent statement, the Treasury-based working group that makes federal regulators recommends taking actions to ensure that stablecoins do not undermine the confidence in national fiat currencies.
Bitcoin has bounced off the SMA on the 4-hour chart, renewing the mission to new yearly highs. Many bitcoin investors believe that the massive amounts of stimulus being injected into economies around the world read: money being printed , will lead to high inflation.
Since there is a finite supply of bitcoin in existence, it is thought of as a naturally inflation-resistant asset, similar to gold. There has also been an uptick in institutional interest in bitcoin. I already mentioned that Square and MicroStrategy are now holding bitcoin on their balance sheets, and these are just two corporate examples. Additionally, there is renewed hope that bitcoin could finally begin to achieve mainstream adoption as a payment method.
While PayPal NASDAQ:PYPL recently announced that its customers would be able to buy and sell bitcoin through the platform, the company also said its long-term plans include making bitcoin usable as a payment method with its 13 million merchants.
If institutional demand continues and bitcoin ends up gaining mainstream traction, there could certainly be more upside ahead. But it's also important for investors to know it's not a smooth ride. Bitcoin can move to the downside just as quickly, so invest accordingly. Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In. Getting Started. Planning for Retirement.
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