Bitcoin has taken heavy losses throughout November, but analysts are actually excited about what this means.
Dave Zeiler sits down to explain why the price falling $1,500 could lead to a rally.
Profit Alerts
Cryptocurrency News and Profits
Follow topic
Cryptocurrency News and Profits
Cryptocurrency News and ProfitsGet up-to-date news about Bitcoin and cryptocurrencies delivered straight to your inbox.
Here's Why the Bitcoin Price Jumped 35% in One Day
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Bitcoin volatility made another dramatic appearance recently, with the Bitcoin price soaring as much as 35% in less than a day.
The primary culprit was a statement by China's president that it was time for his nation to "seize the opportunity" of blockchain technology.
While that stirred up the markets, it wasn't the only reason Bitcoin shot up so quickly.
Something more was going on...
Zuckerberg Testimony Does Facebook Cryptocurrency No Favors
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
The proposed Facebook cryptocurrency, Libra, faced tough scrutiny during CEO Mark Zuckerberg's thorough grilling before a congressional committee. Zuckerberg was given little chance to make his case as lawmakers criticized both Libra and the business practices of Facebook.
Here's why the hearing has further dimmed the odds of Libra ever seeing the light of day...
IRS "Guidance" for Taxes on Cryptocurrency Just Raises More Questions
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
After five years of silence, the IRS has given us new guidance on how to treat taxes on cryptocurrency.
But it may as well not have bothered, because the guidance is very limited in scope and fails to address several key issues.
Even worse, the IRS appears confused about basic crypto terminology in the few items it does address.
In this hard look at everything the IRS said, we explain why it falls so short...
A Guide to Bitcoin Options Trading
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Bitcoin options trading is much like trading stock-based options, but there are a number of key differences.
For investors who want to explore this alternative way of investing in Bitcoin, Money Morning has put together a comprehensive guide.
This is everything you need to know about trading Bitcoin options...
The SEC Denied Another Bitcoin ETF – Here's What It Means for Investors
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
The U.S. Securities and Exchange Commission denied yet another Bitcoin ETF proposal, this one from Bitwise.
The SEC has a long history of denying and delaying these proposals, so much so that some now believe it will never happen.
But while the SEC rejection was harsh, the reality is that the Bitcoin markets have made a lot of progress over the past two years.
Here's why we will definitely see a Bitcoin ETF at some point...
Why a Bitcoin Price Drop of 22% in 5 Days Didn't Alarm Anyone
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
You'd think a Bitcoin price drop of 22% in just five days would have sent investors into a blind panic.
But for the most part, the crypto community just brushed it off.
Contrast that to what would happen on Wall Street if the Dow Jones Industrial Average were to plummet 22% in one week.
But Bitcoin is not like stocks or other assets.
Here's why the price of Bitcoin fell - and why investors were unfazed...
The Bitcoin Hash Rate Hit an All-Time High – What That Means for You
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
The Bitcoin hash rate, though it gets little attention in the mainstream media, is actually the best barometer for measuring the digital currency’s long-term prospects.
That’s because the hash rate measures how much mining power is being used to create new bitcoins.
And lately, the Bitcoin hash rate has been sending a very clear message…
Could President Trump Enact a Bitcoin Ban?
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
A Wall Street analyst with an interest in cryptocurrency set off some wild speculation when he tweeted about the possibility of a Bitcoin ban by U.S. President Donald Trump.
The theory he put forth is that since Trump used his executive authority to ban e-cigarettes, he could do the same with Bitcoin.
Crypto twitter pounced, and several articles appeared on crypto news sites.
But here's why there's no need for anyone to panic...
Digital Disruption: How Cryptocurrency Is Transforming Finance (Infographic)
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
The digital disruption of the world of finance by cryptocurrency is no longer hypothetical.
It's happening right under our noses.
The ability to move money seamlessly and nearly instantly across borders is only one aspect of how crypto is revolutionizing the financial industry.
And yet we're only in the early innings of this game-changing technology.
To help our readers understand this phenomenon, we're sharing this must-see infographic...
Start the conversation