Bitcoin Price Today – Bitcoin Price Chart, Bitcoin Price Analysis

Bitcoin Price Today - Bitcoin Price Chart, Bitcoin Price Analysis

08 May, 2020, 08.56 AM IST

Bitcoin rose as much as 2.2 per cent to to $10,015 on Friday in early Asia trading, taking it into five figures for the first time since Feb. 24.

08 Apr, 2020, 06.31 PM IST

Bitcoin is currently the best performing asset class in the last one year.

27 Apr, 2020, 04.31 PM IST

19 May, 2020, 01.33 PM IST

A total of 549,807 shares changed hands on the counter till 01:33PM (IST).

19 May, 2020, 01.27 PM IST

A total of 42,942 shares changed hands on the counter till 01:27PM (IST).

19 May, 2020, 01.06 PM IST

A total of 84,103 shares changed hands on the counter till 01:06PM (IST).

14 May, 2020, 07.39 AM IST

Vedanta told the exchanges about a delisting offer at a price of Rs 87.5 per equity share.

19 May, 2020, 11.12 AM IST

A total of 420 shares changed hands on the counter till 11:12AM (IST).

19 May, 2020, 10.41 AM IST

A total of 116,603 shares changed hands on the counter till 10:41AM (IST).

29 Apr, 2020, 10.40 PM IST

Bitcoin gained as much as 8.7 per cent to $8,406, according to composite prices on Bloomberg.

18 May, 2020, 12.04 PM IST

A total of 313,419 shares changed hands on the counter till 12:04PM (IST).

18 May, 2020, 11.43 AM IST

A total of 226,733 shares changed hands on the counter till 11:43AM (IST).

Source: economictimes.indiatimes.com


Forget Bitcoin! I would speculatively buy this stock at € 1,000 to retire richly

Forget Bitcoin! I would speculatively buy this stock at € 1,000 to retire richly

A rich retirement is your goal? You are certainly not alone in this. Bitcoin has recently become a volatile darling of investors, which could have something to do with the so-called halving. As well as the prospect of strong returns through less offer of this measure.

Or also gold: the precious metal is celebrating a strong renaissance in times of the corona virus and is still very popular. However, investors should consider one thing about both digital and real gold coins: Both are unproductive values, the price of which is ultimately composed of supply and demand.

If you want to achieve strong wealth accumulation in the long term, you should probably focus on more productive values. Here, too, there are more speculative investments in which, for example, an investment of 1,000 euros could result in strong long-term asset growth.

Such a share could be that of Innovative Industrial Properties (WKN: A2DGXH). This is a so-called Real Estate Investment Trust, REIT for short, that invests in real estate. Sounds boring? Yes, basically conservative. But not in this specific case.

IIP, as the REIT is abbreviated, invests in the area under cultivation of marijuana. A pretty hot market that is currently experiencing a lot of growth. Precisely because the entire cannabis industry is currently still developing. Incidentally, this also leads to a unique opportunity.

Many cannabis producers, especially in the USA, want to grow and invest. However, since the consumption of the intoxicant is prohibited at the state level, they cannot take out loans from commercial banks. This inevitably leads to more creative ways when it comes to fundraising.

One such path is Innovative Industrial Properties: The real estate company buys the respective acreage and greenhouses of the producers and rents them back directly to the respective companies. The cannabis producers receive cash that they can invest. Innovative industrial properties, on the other hand, have stable, long-term rental contracts and a rent that is often in the double-digit percentage range.

Historically, this has led to strong growth. In the first quarter of this year alone, sales increased 210% to $ 21.1 million. Funds from operations, which are important for real estate companies, rose 236% year over year to $ 17.8 million. As I said, a gigantic growth, whereby the absolute numbers still show how young this growth story is. Incidentally, funds from operations of $ 1.12 per share were stuck. As a result, Innovative Industrial Properties' stock is already very profitable in terms of operational success.

However, the current valuation for such growth rates is comparatively moderate: at a current share price level of $ 71.88 (May 14, 2020, which is relevant for all prices) and current funds from operations (FFO) on a quarterly basis, the share would be awarded on an annualized basis Course-FFO ratio of approximately 16 can be assessed. With a current dividend of $ 1.00 per quarter, the annual dividend yield is 5.56%. Quite strong values.

And all of this despite significant three-digit growth compared to the previous year. The stock could therefore be a real bargain. At least if growth continues. Or just flatten out moderately.

Nevertheless, investors should also bear in mind that the Innovative Industrial Properties share is anything but risk-free in the long term. The business model appears to be one that could be replaced by banks in the medium term. This in turn would lead to pressure on margins and less rental income. The current long-term contracts should, of course, at least continue to enable stable revenues and funds from operations.

But no question: once cannabis is legalized in the US, banks will also enter the credit market. Probably on much better terms than Innovative Industrial Properties can now offer. In any case, competition should not stimulate business here.

Another risk is related to a higher vacancy rate. Cannabis producers in this young, emerging market are often not profitable. The initial situation could deteriorate due to the corona virus, which means bankruptcies and a lack of income cannot be excluded. The first quarter showed at least strong and still stable growth.

The bottom line of Innovative Industrial Properties could therefore be an exciting choice for 1,000 euros. At least one more interesting than gold or bitcoin. The real estate company promises stability from the basic business model. However, the approach in the cannabis market is full of opportunities and risks. Or just speculative.

That could lead to a volatile but successful long-term ride. And just a strong chance to get a chance for a richer retirement with 1,000 risk-consciously invested euros.

The post Forget Bitcoin! I would speculatively buy this stock at € 1,000 to retire richly appeared first on The Motley Fool Germany.

Vincent owns shares in Innovative Industrial Properties. The Motley Fool owns shares of and recommends Innovative Industrial Properties.

Motley Fool Germany 2020

Source: boerse-express.com

Börse Express

Forget Bitcoin! I would speculatively buy this stock at € 1,000 to retire richly

bitcoin | Finance Magnates

Source: www.financemagnates.com

Author: Arnab Shome


Top 3 Reasons Why Bitcoin Could Surpass $10,000 Despite Recent Correction

Top 3 Reasons Why Bitcoin Could Surpass $10,000 Despite Recent Correction

Bitcoin is currently correcting lower from the $9,950-$10,000 resistance zone against the US Dollar. BTC price is likely to bounce back as long as it is above the $9,500 support.

  • Bitcoin is currently showing a few bearish signs, but it is still above key supports such as $9,500.
  • The price is finding a strong buying interest near $9,560 and the 100 hourly simple moving average.
  • There is a major contracting triangle forming with resistance near $9,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could surge towards $10,000 unless it breaks the $9,500 support and the 100 hourly SMA.

Bitcoin retested the $9,950-$10,000 resistance zone against the US Dollar, but it failed to continue higher. BTC price traded as high as $9,945 and recently started a downside correction.

It failed to stay above the $9,800 and $9,700 levels. The decline was such that the price even spiked below the 50% Fib retracement level of the upward move from the $9,252 low to $9,945 high.

However, bitcoin is currently finding a strong buying interest above the $9,500 level and the 100 hourly simple moving average. The 61.8% Fib retracement level of the upward move from the $9,252 low to $9,945 high is also protecting more downsides. A confluence of these three factors could prevent a downside break and the price might start a fresh increase towards $10,000.

It seems like there is a major contracting triangle forming with resistance near $9,700 on the hourly chart of the BTC/USD pair. If the pair breaks the triangle resistance, it could start a fresh increase in the near term above $9,750.

Bitcoin Price

Bitcoin Price

The first major resistance is near the $9,780 and $9,800. The main resistance is still near the $9,950-$10,000 zone, above which there are high chances of a sustained upward move in the coming days.

If bitcoin fails to climb higher above $9,700 and $9,800, it could react to the downside. A clear break below the triangle support, $9,500, and the 100 hourly SMA might initiate more losses.

The next key support is near the $9,400 level, below which the price is likely to continue lower towards the $9,250 support level. Any further losses may perhaps push the prince in a downtrend towards the $8,500 level.

Technical indicators:

Hourly MACD – The MACD is currently moving in the bearish zone, with negative signs.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just below the 50 level.

Major Support Levels – $9,500 followed by $9,250.

Major Resistance Levels – $9,700, $9,800 and $10,000.

Featured image from unsplash.

Source: www.newsbtc.com

Author: Aayush Jindal


Bitcoin, Ethereum & Ripple - American Wrap: 5/18/2020

Bitcoin, Ethereum & Ripple – American Wrap: 5/18/2020

Bitcoin (BTC) has extended the recovery from the intraday low into the US opening. At the time of writing, BTC/USD is changing hands above $9,700, mostly unchanged both on a day-to-day basis and since the beginning of Monday. On the intraday charts, BTC is supported by 1-hour SMA50 (currently at $9,600), while the ultimate bullish target is created by a psychological $10,000.

Schlesi, a testnet designed for public testing of Ethereum 2.0, forked on Sunday, May 17. The unexpected split took place at slot 141,184, which resulted in the creation of different slots that were validated independently.

Ethereum (ETH) 2.0 entered the public testing in the first quarter of 2020. Prysmatic Labs, PegaSys, Sigma Prime, Nimbus, and some other teams released their testnet environments for validators. This is the first known fork of the Ethereum (ETH) 2.0 multi-client testnet sandbox.

Ripple’s XRP hit the intraday high at $0.2080 during early Asian hours and retreated to $0.2030 by the time of writing. Despite the sell-off, the coin is still 6% from the beginning of the day and mostly unchanged on a day-to-day basis. Its current market capitalization is $8.9 billion and an average daily trading volume of $1.9 billion. The coin has been trading within a short-term bullish bias amid low volatility.

Image sourced from Pixabay

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Source: www.benzinga.com

Author: FXStreet , Benzinga Contributor

 

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