As the world’s biggest cryptocurrency, Bitcoin (BTC) is highly volatile, once surging from $1,000 to $20,000 in the span of just over a year. The coin has become the subject of infinite price predictions. Both optimistic and negative, some of these predictions have turned out to be extremely inaccurate.

Bitcoin has once again shot past the $7,000 mark. At the time of writing, the world’s top cryptocurrency by market cap has surged more than $300 and is now trading for approximately $7,150. Just yesterday, the asset was selling for about $6,800.

The price of Bitcoin has jumped nearly 90% since hitting a year low in mid-March, currently trading above $7,300.

A closed-end fund designed to enable investors to invest in Bitcoin in a regulated asset class is listed on the Toronto Stock Exchange (TSX).

Mike Novogratz, the chief executive officer of crypto merchant bank Galaxy Digital, says he’s buying Bitcoin (BTC) while governments around the globe indulge in a money printing spree to combat the financial crisis.

“Bitcoin is going to really flourish in a time like this,” said Tim Draper in his recent interview where he talked about the impact of coronavirus pandemic on the economy and how “crisis is a good time for innovation and venture capital!”

Bobby Lee, a well-known proponent of Bitcoin BTC, -0.66% and founder of the Ballet crypto wallet company, has revealed that he expects Bitcoin to set another all-time high record this year, regardless of the growing Coronavirus pandemic which has been crippling economies across the world.

Recently, Bitcoin jumped above a crucial level of resistance based on the DVAN Buying and Selling Pressure Gauge. As per this, a positive divergence has been triggered and a buy signal, a trend that played out in January ahead of BTC hitting $10,500. Richard Rosenblum, co-head of trading at GSR said,

It’s no secret the past few weeks have been tough for Bitcoin investors. The past month saw a number of horrors: over a billion dollars worth of BitMEX positions were liquidated during the flash crash on March 12th, the cryptocurrency slid 50%, and much more.

The Fold app — a Lightning-compatible mobile app that offers users Bitcoin rewards (BTC) while shopping — has joined Visa’s Fintech Fast Track Program.

Popular peer-to-peer trading platform Paxful has launched a new feature, allowing its users to trade Bitcoin (BTC) for gold. By doing this, the platform is now allowing customers to continue their peer-to-peer trading normally, but with a non-crypto asset.

The world is still grappling with the ill effects of the Coronavirus pandemic. Many countries are reporting new highs in the number of new cases of the COVID-19 casualties. However, there have been signs of optimism among investors in Wall Street who believe the worst is behind them. The US equity markets showed three consecutive days of gains and are currently on their fourth day. Bitcoin has surged along with the equity markets.

Bitcoin made a big impulsive move to the upside yesterday. It had to do with the rise in the stock market primarily. We saw the S&P 500 (SPX) close the day in green with more than a 7% gain. The rest of interconnected markets also followed. The reason why the market rallied had to do with a temporary restoration of confidence on Wall Street because the Coronavirus outbreak has slowed down in New York for now. As hilarious as it is for investors to think that this is over even for short-term, the fact remains that this is all too overextended now and we are primed for the next big decline. As for BTC/USD this crash is going to be even more devastating and would formally take us into a larger bear trend.

Both bitcoin and the U.S. stock markets have witnessed a notable recovery rally over the past couple of weeks, but it’s the cryptocurrency that’s taken the lead.

British scam reporting center Action Fraud and London's police have issued a joint warning about fraudsters who are trying to collect donations that are meant for the National Health Service.

Being an increase in Bitcoin hash rate by 33% in the 48 hours, still, the mining industry faces anxieties. Effecting Baite mining pool, to be the top Chinese pools but plopping out of the mining race.

Bitcoin (BTCUSD at Coinbase) price has been stabilized and regained the buying sentiments amid the struggle of the financial markets due to pandemic outbreak. The price of bitcoin has now reclaimed $7,000 levels and stabilizing well these above (currently, trading at $7,419 level).

The Texas State Securities Board has issued an injunction against a suspected fraudulent bitcoin mining company. The state regulator claims that Ultra BTC Mining has sold illegal investment programs and has made charitable donations that cannot be verified.

While considering the macro-bearish economic backdrop that Bitcoin has traded against throughout the past couple of months, the cryptocurrency’s relative strength has made it one of the best performing major assets of this year.

Bitcoin (BTC) braved less volatile but choppy trading on April 9 as the United States Federal Reserve flooded markets with trillions in dollars.