12.5 C
New York
Monday, January 25, 2021
Home News Bitcoin price surges past $18,000, approaching its all-time high

Bitcoin price surges past $18,000, approaching its all-time high

Bitcoin, one of the world’s most popular forms of cryptocurrency, has been surging in recent days. As of the morning of Wednesday, November 18, prices on the digital currency went over $18,000, just a few hundred dollars short of its $19,783.06 all-time high. It has since started to fall back toward $17,000, but this is the closest Bitcoin has been to reaching its previous record-setting heights since 2017.

Values over the past few days have fluctuated between $16,560 and $18,464. It’s not uncommon for wide fluctuations to occur, with the value of Bitcoin having gained near 70% this quarter. At the time of publication, one Bitcoin is worth $17,418.64. The all-time high, meanwhile, was recorded on December 17, 2017.

A lot of factors could be going into this surge in price. PayPal recently announced that it would be launching a new service enabling users to buy, hold, and sell cryptocurrencies like Bitcoin directly from a PayPal account. World events such as the COVID-19 pandemic, as well as increased government spending, and high interest rates could be pushing the price higher. It’s also reported that due to COVID-19, investors are viewing cryptocurrency as a shelter from the stock market, according to the BBC.

Though such a price is high and profitable to “mine” with the right resources, Bitcoin can be quite a volatile form of cryptocurrency. Its price fluctuates and is almost unpredictable, often swinging wildly. Bitcoin values can also not really be predicted, as stocks or the value of the U.S. dollar can. For instance, after hitting the all-time high in late 2017, its values fluctuated down to as low as $3,122 in 2018, according to CNBC.

Other cryptocurrencies are trending high, too, but not as high as Bitcoin. Ether is worth $473.52, and Chainlink around $13.25. According to Gemini, that is a percentage increase of 0.68% and 3.72% in the past 24-hours alone.

The popularity and increase in the value of Bitcoin could also put stress on digital wallets that hold the currency for buyers, sellers, and hoarders. Coinbase, a popular digital currency exchange platform, faced outages early in the day on November 1. It later returned to full service shortly after, according to the company’s website.

Digital Trends does not offer investment advice on the buying and selling of cryptocurrencies.  

Latest

Tronsmart’s latest Q10 wireless headphones are currently on a huge discount

Tronsmart makes some great smartphone accessories and audio devices. The company has gained more and more users as a budget alternative to the big brands over the last few years. Tronsmart’s latest offering is the Q10 wireless headphones.While we have yet to fully review these new active noise-canceling headphones, Tronsmart wants to share with our readers that the Q10 is currently deeply discounted for its big launch. (but stay tuned for more on that review in the next few weeks) Retail partner AliExpress has the Q10 headphones a whopping 53% off if you act quickly.This $52.99 cutback is good for the next two days. From January 25 thru the 27th, you can snag these over-ear headphones for more than half the price. This is a pretty great deal for headphones that pack a pretty decent spec sheet.The Tronsmart Q10 will get you Bluetooth 5.0, touch controls, active noise-cancellation, and an estimated 100 hours of playtime. The headset also has Google Voice support and USB-C charging to round out the bullet points.So, what are you waiting for? Get over to AliExpress using this link: http://bit.ly/TSQ10JANae to enjoy this limited time offer from Tronsmart.

US Mobile Buyer’s Guide (January 2021)

Most consumers are familiar with the big-name wireless carriers like Verizon and AT&T, but not nearly as many are as well-versed when it comes Mobile Virtual Network Operators (MVNOs) like Consumer Cellular or FreedomPop.These MNVO brand operators license the towers and coverage from the tier-one providers and offer their own phones, rate plans, and customer service.Let’s take a look at one in particular: US MobileAboutUS Mobile is a small MVNO that utilizes T-Mobile’s 4G LTE network and Verizon’s 4G LTE network and is known for letting customers add talk, text and data on the fly, at any time.The carrier is not shy about its usage of T-Mobile, but it does appear to hide its Verizon component a bit. We’re not sure why.What are US Mobile rate plans like?US Mobile touts is affordable packages for subscribers who need wireless coverage but want some flexibility in the talk, text and time used each month.Customers can pick and choose plans, customizing as they see fit, or choose from a selection of “Unlimited” options. Don’t want or need data? That’s fine.The Unlimited Plans are as follows:$15/mo – Unlimited talk, text, and 2.5GB data$30/mo – Unlimited talk, text, and 10GB dataThe custom plans come with hotspot capabilities and 250MB of 4G LTE international roaming.A recent change to the plans sees US Mobile offering a $40 option which includes unlimited talk, text, and data. To be clear, it’s 50GB of high speed data with heavier users potentially seeing reduced speeds after hitting the threshold. Data speeds are considered “Fast” which means up to 5Mbps for video streaming.For $5 more per month subscribers can get 10GB of mobile hotspot capabilities. For $10 more per month customers can increase data speeds to “Ludicrous” up to 250Mbps, plus the hotspot feature.Family PlansUS Mobile customers can create multi-line accounts, each of which is basically the $40 plan. Things get cheaper per line as you add them to the mix.US Mobile phone selectionUS Mobile has a small selection of phones to choose from, many of which are a few years old. Moreover, they appear to be fairly expensive, too. We definitely recommend using your existing T-Mobile or Verizon phone if possible.Where can I buy an unlocked phone?Bring your own deviceUS Mobile tends to work better for people who already have a phone that they’d like to use. Whether it’s a T-Mobile or Verizon handset, or something else, you’ll probably have luck using it with US Mobile. According to the carrier, 99% of devices will work with its service.What else should I know about US Mobile?US Mobile operates entirely online and does not have any physical retail locations in the US.For every friend you refer to US Mobile, the carrier will give you both up to $10. They save up to $10 on their first plan and you get up to $10 off your next bill.You can easily add talk, text, and/or data Top Ups to your current plan to always stay connected. They roll over to next month when you use AutoPay, automatic bill payment.A US Mobile starter SIM kit can be purchased for $3.99, letting subscribers keep their existing phone number.

Omoton C3 Cell Phone Stand review: It also works for tablets?!

The Omoton C3 Cell Phone Stand might work for both smartphones and tablets, making it a great option!

Nulaxy A5 Tablet Stand review: Surprising quality for the price!

The Nulaxy A5 Tablet Stand competes in a fierce, crowded market, but it has some cool features and a very