The price of bitcoin (BTC) fell below the $ 65,000 mark on Tuesday, reaching a low of $ 64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $ 64,624 per coin. The last time BTC was in this price range was mid-May. Over the past 24 hours, $ …
Analyst Forecasts Silver Shortage, Price Increases As Consumers Tap Dwindling Secondary Inventories
Peter Krauth, a silver market analyst and author of “The Great Silver Bull,” has predicted an upcoming silver shortage produced by the increased demand for the precious metal for different applications. Krauth states that demand for silver has outpaced supply, and there are probably 12 to 24 months of silver available before inventories run out. […]
Robert Kiyosaki Frustrated by ‘Lame Excuses’ to Avoid Buying Bitcoin – Foresees Significant Price Rise
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to buy bitcoin despite the cryptocurrency’s high prices. “I become frustrated encouraging people to buy bitcoin. I receive so many lame excuses,” he said, emphasizing that although the current price is high, it is not as high as it will be in the future. ‘I […]
Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars
Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($ 1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC, amounting to a total …
Bitcoin Hedge Fund Shorts Reach New High Amid Price Fluctuations
Amid Friday’s downturn, following bitcoin’s decline to $ 68,450, the latest Commitments of Traders (COT) report from the Commodity Futures Trading Commission (CFTC) indicates that hedge funds are placing substantial bets against bitcoin. Bitcoin Faces Bearish Sentiment From Hedge Funds While crypto enthusiasts and analysts have been optimistic about bitcoin (BTC) for quite some …