Price of Bitcoin

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Why the Price of Bitcoin Is Soaring

By Money Morning Staff Reports, Money Morning - April 15, 2019

Last weekend, the price of Bitcoin jumped nearly 5%, breaking through the $5,050 barrier for the first time in months.

And that could be the breakout it needs to start another rally.

Here's what's driving the sudden Bitcoin resurgence... and a catalyst on the horizon that could turn the whole market bullish on Bitcoin...

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Why the Price of Bitcoin Is Soaring

By Money Morning Staff Reports, Money Morning - April 15, 2019

Last weekend, the price of Bitcoin jumped nearly 5%, breaking through the $5,050 barrier for the first time in months.

And that could be the breakout it needs to start another rally.

Here's what's driving the sudden Bitcoin resurgence... and a catalyst on the horizon that could turn the whole market bullish on Bitcoin...

This Newest Bitcoin Price Prediction Shows $100,000 Is Just Ahead

By Money Morning Staff Reports, Money Morning - September 17, 2018

This Bitcoin price prediction is shocking.

While a lot of people are selling cryptocurrencies, this expert believes that you should double down on Bitcoin.

That's because he thinks prices could reach $100,000...

New Bitcoin Price Prediction by Needham Puts Value at $655

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - April 1, 2016

Another Wall Street firm has made an eye-popping Bitcoin price prediction.

This time it's Needham & Company, which has issued a report that says the Bitcoin price should be $655, about 57% higher than the current price.

Better still, Needham sees demand for Bitcoin rising over the next four years.

And it came up with this surprisingly high Bitcoin price prediction for 2020...

Why the Price of Bitcoin Has Stumbled

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - March 8, 2016

The price of Bitcoin took a tumble over the past week as concerns about a lingering issue again became too obvious to ignore.

The Bitcoin price fell about 9% in the five days following Feb. 29, when delayed bitcoin transactions revived fears that its network had reached capacity.

The exasperating thing is that last week's network hiccup didn't have to happen.

You won't believe why it did...

The Bitcoin Price History Charts Every Investor Needs to See

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - January 13, 2016

The last two years of Bitcoin price history have a story to tell.

You see, Bitcoin was the best-performing asset in the world in 2015 - and by a long shot. The price of Bitcoin rose 35%, easily beating the next best asset, real estate investment trusts (REITS), which rose just 2.8%.

And apart from stifling Bitcoin's skeptics, this stunning reversal offers these key lessons about investing in general...

Why Bitcoin Price Predictions for 2016 Range as High as $3,500

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - December 28, 2015

With several expert Bitcoin price predictions for 2016 topping out at $3,500, the coming year will prove the worth of the digital currency once and for all.

It's quite a reversal from last year, when Bitcoin was sliding to below $200. These experts, mostly CEOs of Bitcoin companies, see the Bitcoin price rising from 300% to 800% from current levels of about $445.

Here's why these 2016 Bitcoin price predictions are so optimistic...

Why the Bitcoin Price Chart Is Showing So Much Strength Today

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - December 14, 2015

Over the past three months, the Bitcoin price chart doesn't look much like the charts for other investments, many of which - especially commodities - are way down.

Since Sept. 15, the Bitcoin price is up a stunning 93.5%, rising from $230 to about $445 today (Monday), according to the CoinDesk Bitcoin Price Index.

Here's why the price of Bitcoin has gone on such a tear...

2016 Bitcoin Price Predictions Looking at $600 and Beyond

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - November 10, 2015

The latest wave of 2016 Bitcoin price predictions exhibit a renewed optimism about the digital currency's prospects.

These 2016 Bitcoin price predictions also reflect a fresh understanding in the disruptive power of Bitcoin's underlying technology, the blockchain.

For example, Wedbush Securities raised its 12-month price target 50%, from $400 to $600.

But what Wedbush saw for the price of Bitcoin 10 years down the road is the real eye-opener...

Bitcoin Price Volatility Is Back as $400 Comes and Goes Today

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - November 3, 2015

After taking most of 2015 off, Bitcoin price volatility has stormed back.

According to the CoinDesk Bitcoin Price Index, the last day of trading has seen a low of $355.81 and a high of $416.62 - a Bitcoin price level last seen nearly a year ago.

Just 45 minutes after hitting that high, the price of Bitcoin had fallen $39, a 9.38% drop.

Here's why the price of Bitcoin has suddenly taken flight...

Why the Bitcoin Price Hit a 2015 High Today

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - October 30, 2015

After meandering for most of the year in the $200 to $300 range, the Bitcoin price hit a 2015 high of $333.75 today.

While the price of Bitcoin dropped back to about $321 later, that's still a 36% increase over the past month. The Bitcoin price hasn't touched these levels since last December.

Here's what's behind this Bitcoin price rally...

The Bitcoin Price Move No One Predicted – and What It Tells Us

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - October 9, 2015

It has become an article of faith that the Bitcoin price is volatile.

And when Bitcoin burst into the public consciousness back in 2013, it was true. Bitcoin prices soared 8,500% in 2013 only to fall 85% by January of this year.

But after January, the price of Bitcoin did something neither the enthusiasts or the critics saw coming...

Falling Bitcoin Price a Casualty of Software Civil War

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - August 20, 2015

The Bitcoin price is getting hammered as a result of a contentious and emotional debate over Bitcoin's future.

As the debate over the best way to scale the Bitcoin network to handle the ever-increasing number of transactions has escalated, the Bitcoin price has plunged. It's down 21% since July 28.

As long as this fight continues, the price of Bitcoin will suffer.

Here's why this has gotten so ugly, and what will happen next...

Is Bitcoin a Ponzi Scheme?

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - July 31, 2015

Even before digital currency landed on the public's radar in 2013, people have been asking, "Is Bitcoin a Ponzi scheme?"

Many of Bitcoin's critics are convinced the answer is yes.

The collapse of the Mt. Gox Bitcoin exchange in February 2014 had many announcing that not only was Bitcoin a Ponzi scheme, but also that it was finished.

Here's why they're wrong...

Bitcoin Value Today Surges on Buying from China

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - July 10, 2015

The Bitcoin value today jumped 8.5% in 90 minutes as buying on Bitcoin exchanges in China surged.

The surge sent the Bitcoin price from $269.11 to $291.98, fell back to the mid-$280s then surged again to $295. That's the highest level for the price of Bitcoin since mid-March.

Here's why China is buying up Bitcoin faster than ever...

The Real Bitcoin Price-Greek Debt Crisis Connection

By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - June 30, 2015

Over the past week, the Bitcoin price has made is strongest move to the upside in three months - a move that took place just as the Greek debt crisis escalated.

But are these two events a true cause and effect?

Here's why the Greek debt crisis is behind the rise in the price of Bitcoin - but not in the way you might think...