‘While i still have some Bitcoin and Ethereum i have been open in my videos that i have trimmed them back pretty severely.. i bought them as a hedge but they turned out to be far more than that’ -Tweet From CNBC’s Jim Cramer
https://twitter.com/jimcramer/status/1394366026595414019
As Bitcoin Drops, These Cryptocurrency Funds Follow
Bitcoin (CRYPTO:BTC) has been trending lower and over the weekend, Elon Musk made some comments that many investors took to be bearish. That has caused the downtrend momentum to accelerate.
Cryptocurrency funds are trending lower as well.
Ethereum Classic Continues To Skyrocket, Outperforming Dogecoin Over Past Week
Dogecoin (DOGE) may have charted multiple new all-time highs on Tuesday but in terms of weekly gains, the meme cryptocurrency trailed Ethereum Classic (ETC).
What Happened: ETC traded rose 44.99% in a 24-hour period leading up to press time Tuesday night to $78.73, while DOGE was up 33% at $0.57.
‘Halftime Report’ Traders Advise Viewers On Fortinet, Bitcoin And More
On CNBC's "Fast Money Halftime Report," Stephanie Link said she would not chase Fortinet Inc (NASDAQ: FTNT) because it is up 39% year-to-date. She would wait for a bad day to pick some up.
These Big Money Players Have Put Bitcoin On The Balance Sheet
The rise in acceptance of Bitcoin (CRYPTO: BTC) as a major store of value and payment option has been influenced by major corporations adding the cryptocurrency to put a portion of its cash reserves into cryptocurrency. Benzinga could earn up to 6% per annum on its crypto holdings.
XRP Plummets Another 19% As Coinbase Delivers Latest Jolt
XRP (XRP) traded 19.14% lower over a 24-hour trailing period at $0.227 at press time, as per CoinMarketCap data.
What Happened: Coinbase, a major cryptocurrency exchange desk based in Silicon Valley, delivered another jolt to Ripple on Monday, saying it had decided to suspend the XRP trading pairs on its platform in light of the SEC lawsuit, starting Jan. 19.
Warren Buffett Called Bitcoin ‘Rat Poison’ — Now It’s Closing In On Berkshire Hathaway’s Valuation
The rise of bitcoin has been one of the top stories of 2020.
What Happened: Bitcoin price hit all-time highs throughout December, passing the $27,000 level on Dec. 27.
8 Stocks To Play Bitcoin’s Resurgence
The price of Bitcoin is up over 150% in 2020 and the cryptocurrency has seen a resurgence in popularity, discussion and price.
Investors seeking exposure to Bitcoin price without purchasing the cryptocurrency through a wallet could consider these seven stocks that are involved with Bitcoin.