Nov 20, · Data source: Yahoo! Finance. Bitcoin approaches new highs. Even as the stock market fell, bitcoin continued its amazing ascent. The price of the premier crypto token touched $10, as . 2 days ago · Follow the Bitcoin price live with the interactive, real-time chart and read our expert articles on the latest BTC news, forecast and technical analysis. 2 days ago · As bitcoin busts out new records, these market watchers see $, and even $, on the horizon Dec. 17, at a.m. ET by Barbara Kollmeyer OpinionPrice: $23,
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But what's interesting is that investors looking for an alternative have decided that bitcoin could be the solution. So far, the cryptocurrency market has met the challenge, but can bitcoin prices keep soaring?
Despite widespread cynicism about crypto tokens, many prominent investors think the answer to that question is yes. For much of Friday's session, the stock market held its own nicely. But toward the end of the day, major market benchmarks gave up ground. Even as the stock market fell, bitcoin continued its amazing ascent. Already, bitcoin has eclipsed some of its old records.
Because of the amount of cryptocurrency mined in the past three years, the total market capitalization of available bitcoin has never been higher. Some of those gains have come as institutions have poured into the market. Institutional investors are putting plenty of money into cryptocurrencies. With all the uncertainty surrounding the election, the economy, and the pandemic, bitcoin's move to challenge its old record highs was as easy as it would ever be.
In fact, if bitcoin hadn't made this move, it essentially would have shown investors that the cryptocurrency wasn't suitable for the purposes for which most investors held it. Now, though, the big question is what happens next.
Just like the stock market is volatile, bitcoin investors should expect big ups and downs in the future. Yet investors looking for an alternative to the stock market might not get everything they need from investing in bitcoin. Although some new bitcoin lending services offer interest on bitcoin holdings, cryptocurrencies held in traditional wallets don't generate income.
Those looking for growth must rely on price appreciation. And while the long-term trend has been up, there have been long periods when selling bitcoin for cash would've been a painful move. Investing in stocks is still a great way to generate wealth over the long run, even when there's a lot of uncertainty. After more than a decade of naysayers predicting bitcoin wouldn't amount to anything, cryptocurrency bulls have had the last laugh.
It's definitely not something you should bet your entire life savings on, but bitcoin and other cryptocurrencies are likely here to stay -- no matter what happens to their prices in the coming weeks and months. Investing Best Accounts. Stock Market Basics. Stock Market.
Free Trading Guide. Get My Guide. Show technical chart Show simple chart Bitcoin chart by TradingView. The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on.
Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis. S2 S3 R1 R2 R3 Pivot Points P S1 Daily Classical Pivot Points. Last Updated: Dec 24, Does Bitcoin? Real Time News. DailyFX Dec 24, Follow. Gold is looking vulnerable however based on recent changes in exposure.
JohnKicklighter Dec 24, Follow. For my last video of the year, I decided to look at the most potent markets between technical and fundamental build up or January potential. Dec 25, Follow. Net Long. Net Short. Daily change in. Weekly change in. Economic Calendar. P: R: P: R: 6. Full calendar. Bitcoin further reading What is Bitcoin? Understanding Bitcoin as a Cryptocurrency. Bitcoin is a weird, wonderful and volatile market to trade.