Bitcoin is now officially above $7,000.
It was just 5 days ago that Bitcoin was a bit shy of $6,000.
In less than 2 months, the price has doubled.
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Despite the downfall, Bitcoin managed to close above $14,000. We are now inching close to $16,000. Bitcoin extended its recovery from last week’s lows of below $12,000. In just a week, Bitcoin lost almost $10,000 of its value. It fell from the all time high of $19891 to last week’s…
It’s getting worse. I think we could have a Bitcoin indicator called Dimoncator, named after the J.P. Morgan Chase CEO, Jamie Dimon. Why? Here it is. It appears the CEO does not have any credibility because Bitcoin would move the opposite direction based on what he was saying. Last year,…
I wondered how the JP Morgan CEO felt about this decision from CME. The JP Morgan CEO came out and said that Bitcoin was a fraud, and it was a product for North Korea. CME apparently has disagreed. It’s planning to launch the Bitcoin futures products on the exchange. Because…