Markets

Bitcoin and Gold Jump as Stocks Dip Amid US Government Shutdown

In brief Bitcoin rose above $117,000 and gold hit a new all-time high Wednesday, with both assets benefiting from safe-haven demand. Stocks fell after the U.S. entered its first government shutdown in nearly seven years, with the S&P 500 and Nasdaq each down about 0.5% upon open. The shutdown’s duration remains uncertain, echoing the record…

Markets

Why Arthur Hayes Expects Ethereum to Surge to $20,000

In brief Ethereum hit a new all-time high on Friday, but Arthur Hayes thinks it is going much higher. The BitMEX founder upped his price prediction to $10,000-$20,000 this cycle. The prediction is fueled by his anticipation that Trump’s administration will adopt major quantitative easing. After setting a new all-time high price on Friday, Ethereum…

News

Bitcoin and Other Digital Assets Reach New All-Time Highs

May 3, 2017 | News The price of bitcoin and the total market cap for digital assets are each shattering previous records. At the time of writing, bitcoin is over $1500, while the digital assets total market cap is nearing the $40,000,000,000 mark. These numbers represent new all-time highs for an industry that is becoming…