Bitcoin has posted a 2% gain this morning, testing $6,500 resistance level and taking the rest of the cryptocurrency market with it. Bitcoin SV has led the way, its price increasing more than 5% over the past 24 hours. The gains come following a poor weekend performance that saw prices fall from $6,700 to below $6,000, and as investors continue to get to grips with the Coronavirus outbreak and ... Yesterday, another financial analyst sang the praises of Bitcoin’s future economic value. Financial Analyst, Yves Lamoureux: $25K the End Target Yves Lamoureux, president and chief behavioral strategist of macroeconomic research firm Lamoureux & Co., wrote a piece that was featured in Yahoo Finance specifically about Bitcoin, not mentioning it in passing as part of a grander narrative. this article from yves smith spells out a pretty bleak picture of what mining is starting to do to the global energy supply. notably: current bitcoin mining rate of consumption is 32 terawatt hours annually - approximate to the consumption of Serbia. As bitcoin continues to increase in value, the energy costs involved with mining will continue to increase, and this is of course by design. Crime Cartel: BitMEX, Kraken, Binance, Bitcoin.com, Blockstream & Ethereum CoinGeek. News Sport Region Music Person Profession Crypto. Do you want to stay up to date of all the news about Kraken? Turn on push notifications and don't miss anything! Keep me up to date! No thanks, just show me the news. Waiting for approval in browser.. Registration successful! ✗ Close categories. Ice ... Binance’s DeFi Composite Index has been hit hard by the abrupt drop of the DeFi sector, down around 60% since early September. Bitcoin prices have continued upwards, as the world’s largest cryptocurrency has continued its recent fine run that started a week ago and has seen it add 17.5% to its value, and saw it crash through the $10,000 mark earlier today. BTC hit $10,950 on Binance earlier this evening, reaching its highest price since the beginning of August last year.
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