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Bill Baruch, president of Blue Line Futures, explains why he is buying the recent bitcoin sell-off. Morgan Chase and Bank of America said Friday they are no longer allowing customers to buy cryptocurrencies using credit cards. Concerns over tighter regulation and worries that the bitcoin price was manipulated on a major exchange weighed on prices.
Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading to Puerto Rico this winter, The New York Times reports. For a third time since bitcoin's plunge from a December high, Fundstrat's Tom Lee published a report reemphasizing his optimistic outlook.
After bitcoin's struggles last month, several analysts see other digital coins gaining ground in a crypto world that's trying to mature. Jim Cramer predicts that shares of Boeing, Mastercard, Idexx Laboratories and Nvidia could all hit lofty price targets in the near future. The decline followed reports that raised worries about increased regulation in India and potential price manipulation at a major exchange. The game of bitcoin hasn't even started yet: Bitcoin is bottoming, expect a 70 percent surge: Bitcoin is in free fall - here's why.
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