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Prepping for A Pullback Bitcoin Price Drops Below 6 000

After rallying to a new record high, bitcoin is once again trending down. According to Coindesk's Bitcoin Price Index (BPI), bitcoin prices dipped below $5,800 this morning – prices first passed the $6,000 mark on Friday and set the new all-time high (of $6,148) at 15:00 UTC on Saturday. That figure takes the cumulative returns from the September low of $2,980 to more than 100 percent. The record rally indicates that the regulatory crackdown in China, and subsequent fears

Bitcoin Breaks 100 Billion In Value Soars Over 6000 for The

In Brief Welcome to a new kind of currency, or rather, welcome to a new kind of financial system. Today, for the first time ever, Bitcoin surpassed the $6000 barrier, proving that cryptocurrency is, in all likeliness, here to stay. Bitfinex, which has the highest volume BTC/USD exchange, broke the $6,000 barrier initially. Now, the same can be said for all of the other major exchanges. It has only been a little over a week since the price of

Tsmc Cryptocurrency Mining Drove Strong Third Quarter Revenue

The chief financial officer for the Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest independent semiconductor foundry, cited cryptocurrency mining in the firm's third-quarter results. The company – which provides semiconductor manufacturing services for a range of industries, including firms that design and assemble application-specific integrated circuits (ASICs) for cryptocurrency mining – announced third quarter revenue of $8.32 billion, an increase of 17.9% compared to the previous quarter and 1.5% year-over-year. Boosting those figures, she said, was demand for

Bitcoin Breather Higher Price Push Still Possible on Search

The price of bitcoin may have hit a new all-time high above $6,000 today, but it's already showing signs it may be primed to push higher. At press time, the bitcoin-US dollar (BTC/USD) exchange rate was roughly $5,950, down slightly from the day's high, but up 9 percent on the week amidst what proved to be strong demand for bitcoin in the $5,000-to-$5,500 range. Week-on-week, bitcoin is up 9 percent, while on a monthly basis, it is up a

Quiet Surge Bitcoin Price Sets New High Just Below 6 000

The price of bitcoin has hit a new all-time high, crossing the $5,900 line for the first time. Markets climbed as high as $5,994.12, according to CoinDesk's Bitcoin Price Index (BPI). This figure surpasses the previous all-time high set on October 13, when the price rose to $5,856.10. BPI data shows that the price climbed more than $200 in the past hour, with markets showing an average price of $5,697 prior to the ramp. At press time, the price

Cautiously Bullish 6 000 In Play As Bitcoin Price Stages Sharp

Having witnessed a solid recovery from the low of $5,100 in the last 24 hours, bitcoin is once again trading on the front foot and looking northwards. At press time, the bitcoin-US dollar (BTC/USD) exchange rate was roughly $5,700. As per CoinMarketCap, the cryptocurrency has gained 6.47 percent in the last 24 hours. Week-on-week, BTC is up 4.77 percent, and on a monthly basis, it is carrying 45.7 percent gains. So, is the bitcoin price eyeing $6,000? Strong dip

Healthy Pullback Bitcoin Price Dips Back Below 5 300

Bitcoin may be witnessing a healthy pullback after having rallied more than 90 percent from a September low of $2,980. At press time, the bitcoin-US dollar (BTC/USD) exchange rate is trading at $5,260 levels, up slightly after hitting a low of $5,259 earlier today. As per CoinMarketCap, the cryptocurrency has shed 7.37 percent in the last 24 hours. Week-on-week, BTC is up 9.9 percent, while month-on-month it is flashing 29 percent gains. Still, with prices having jumped above $5,000

Bulls Take Breather Bitcoin Slows As Price Struggles To Breach

Evidence is growing that a recent rally in bitcoin prices may be nearing its end. While bitcoin has been on a tear of late, rising from a Sept. 29 low of $2,980 to new highs above $5,800 last week, the bitcoin-US dollar (BTC/USD) exchange rate failed to capitalize on this upward movement over the weekend's trading sessions. At press time, bitcoin is trading at $5,700, up 2.5% over the last 24 hours as per CoinMarketCap. Week-on-week, the crypotcurrency is

Bitcoins Price Keeps Rising But is 6 000 In Reach

Bitcoin hit a new record high of $5,856 on CoinDesk's Bitcoin Price Index this morning, but the question everyone will be asking is, can the rally continue? At press time, bitcoin is trading at $5,610 levels, as per CoinMarketCap data. Bitcoin's week-on-week performance of over 28 percent (up more than $1,200,) is double S&P's year-to-date gains of 14 percent. Further, the cryptocurrency is up 96 percent from its Sept. 15 low of $2,980, and, on a year-to-date basis, is

5 856 Bitcoin Price Hits New Record High

The value of a bitcoin reached a new all-time high of $5,856.10 at around 02:45 UTC this morning. The new price record comes just hours after setting new highs with a strong move beyond $5,000 yesterday, according to CoinDesk's Bitcoin Price Index. At 16:30 UTC Thursday, bitcoin was at $5,363. Bitcoin started the session today at $5,439, before rising sharply to the new high in just 2 hours 45 minutes. Today's low was $5,396. The price of the cryptocurrency