In a recent post on social media platform X, cryptocurrency analyst Bit Paine presented a compelling forecast for the value of Bitcoin (BTC) reaching $1 million by January 3, 2025. Paine provides an in-depth analysis, highlighting key factors that could drive this significant value increase. Analyst Predicts Potential Supply Shock in Bitcoin Market Paine’s analysis...Read More
On this day, 15 years ago, Satoshi Nakamoto mined the genesis block of the Bitcoin network, laying the foundation for the cryptocurrency industry. Since 2009, the community has celebrated Bitcoin’s birthday every January 3, reminiscing about one of the most significant moments in crypto history. Bitcoin’s 15th Anniversary The genesis block contains the first 50...Read More
The Bitcoin halving is arguably the most important event in the cryptocurrency industry, taking place every roughly four years (210,000 blocks). It aims to reduce the speed at which new BTC is being produced, which essentially reduces the pre-programmed inflation rates and ensures that Bitcoin mining will continue for many more years, even though more...Read More
With the highly-anticipated Bitcoin halving just four months away, the world’s largest crypto asset is witnessing a strong rally driven by expectations of growing institutional demand. On December 1st, Bitcoin briefly surged past $38.8k, a threshold not observed since May 2022. Although it quickly dipped below $38.3k, Matrixport’s report presents a compelling case for Bitcoin’s ascent...Read More
The fourth Bitcoin halving is fast approaching and is estimated to be just 157 days away. In the meantime, there is a notable tightness occurring in the supply of Bitcoin that has now reached unprecedented levels in its history. Glassnode’s latest report revealed that the ‘available supply’ is at historic lows, and rates of ‘supply...Read More
Bitcoin is growing increasingly scarce, and its price movements are finally showing it. Recent statistics from the on-chain analytics platform IntoTheBlock reveal that an unprecedented portion of the accessible BTC supply has been securely stashed away for the long term. Long-Term Bitcoin Holders Remain Resilient Long-term Bitcoin holders have significantly ramped up their exposure to...Read More
In the fast-paced world of cryptocurrencies, Bitcoin halving events are significant milestones that grab the attention of investors, traders, and enthusiasts worldwide, leading to speculation and anticipation among the community. Changpeng Zhao recently shared his thoughts and observations on the dynamics and sentiments surrounding Bitcoin halvings based on his experiences during the past three events....Read More
Despite an overall depressed market and now the specter of another war as tensions escalate in the Middle East, crypto experts and executives remain confident for the future. Many have been sharing their thoughts recently, and the Bitcoin halving narrative seems to be strengthening. There are various counters, but the general consensus is that this...Read More
Bitcoin continues to be shaky at around $26,000 after a violent crash last Thursday. However, the flagship crypto asset is not likely to see prominent gains before the much-anticipated halving that is expected to occur on April 20, 2024. According to Pantera Capital’s recent projection, the next halving would see Bitcoin surging to $35k before...Read More
Brad Garlinghouse, the CEO of Ripple, and Chris Larsen, the executive chairman, have notified the court that they would be out of the office for two weeks in April. This choice was made in accordance with the court’s instructions on the final pretrial meeting time and date and the final order. Notably, the Ripple executives...Read More
On-chain data analyzed by cryptocurrency exchange Bitfinex shows that bitcoin (BTC) miners have entered an accumulation phase in preparation for the upcoming halving event scheduled for April 2024. According to the latest edition of the Bitfinex Alpha report, the miner reserve metric indicates a significant accumulation trend from May 27, 2023, which has increased since bitcoin’s recent...Read More
There is an increasing narrative among crypto market analysts that the next bull market and cycle peak could come as soon as Bitcoin halving. This follows months of consolidation where BTC has failed several times to break above $30K, and volumes and volatility have fallen to record lows. On Aug. 10, market analyst “CrediBULL Crypto”...Read More
Bitcoin miners have had a rocky start in 2023 after being battered by a severe market downturn the previous year. But as prices recovered over the last several months, they have been at significant capacity, according to Bernstein. The brokerage firm’s latest report weighs in on how large miners are poised to reap substantial benefits...Read More
A new report by America’s largest cryptocurrency exchange Coinbase revealed that the effect of Bitcoin halving events on the asset’s performance is still unclear as several exogenous factors play significant roles in the market’s behavior. While the halving is viewed positively because it is believed to enhance BTC’s prospective scarcity and support its supply-demand dynamics,...Read More
Despite its previous success, the stock-to-flow model attracted numerous opponents in the past year, given its failure to predict bitcoin’s price in 2022. Its creator, though, remains a believer and outlined the possible scenarios in play for BTC for the next halving, which is supposed to take place in a year. S2F Places BTC at...Read More
According to on-chain analytics provider Glassnode, there are almost a million addresses holding more than one Bitcoin. Furthermore, the number of “wholecoiner” addresses has doubled since around mid-2016. It plateaued at just over 800,000 addresses during the last cycle peak but has increased during the cycle bottom of late 2022 and into 2023 as investors...Read More
Cryptocurrencies performed significantly better than other asset classes in the first quarter. As selling exhausted since the collapse of FTX, digital assets managed to rake in gains not seen in two years. According to IntotheBlock’s latest newsletter shared with CryptoPotato, Bitcoin and Ethereum – the two largest cryptocurrencies – have realized their largest quarterly price...Read More
The leading digital asset manager Grayscale continues to tighten its grip on the bitcoin supply. According to recent estimations, the company now owns over 3% of all the 21 million BTC that will ever exist. Grayscale’s BTC Domination Launched in 2013, Grayscale is the largest cryptocurrency asset manager with over $27 billion in assets under...Read More
Since the inception of Bitcoin, people in the community have classified Bitcoin’s rally in terms of its halving period. One cycle is considered from the 1st halving to the 2nd and so on and so forth. We are presently in the 3rd cycle of Bitcoin’s rally and based on the previous 4-year period, users are...Read More
Bitcoin is following the plan like “clockwork” after the third halving, said the creator of the popular stock-to-flow model. He also reaffirmed his belief that the S2FX model is correct, and BTC will trade between $100,000 and $288,000 per coin by the end of 2021. BTC Moving Like Clockwork The stock-to-flow model and its variations...Read More
Bitcoin’s ATH of $19k is still 33% away. Bitcoin’s price is up 14.85% in the past 7 days and market conditions are conducive for further growth. From smart money inflow of over $550 Million within 2 weeks to drop in inflow on exchanges, nearly all charts signal the bullish sentiment. Map of spent Bitcoins ||...Read More
The probability of losing funds through investing or trading to the point where it is no longer possible to recover the losses is termed as the risk of ruin. The “probability of ruin” is as high or higher than the probability of booking a profitable trade. However, it gets interesting when you think of recovering...Read More
Let’s be honest – 2020 is not going the way you thought it would. If you had taken a look at the calendar before the start of the year, what would you have reckoned would be the monthly volatility of Bitcoin? How do you think the largest cryptocurrency in the world would’ve navigated what was...Read More
Canaan Inc, a leading Chinese Bitcoin mining hardware manufacturer published its unaudited second quarter (2020) financial results. As per the report, the company’s gross profit increased year over year and quarter over quarter, but Canaan still suffered a net loss. However, the firm’s gross margin expanded significantly last year as well as in the first...Read More
Recent data indicated that the HODLing mentality towards Bitcoin prevails as the number of coins that haven’t moved in two or more years has reached a three-year high. At the same time, miners are following suit as their BTC holdings have reached a two-year high. HODLing Mentality Among BTC Investors Prevail The analytics firm Glassnode...Read More
Bitcoin’s on-chain fundamentals grew stronger post its second halving in 2016. However, while most traders have historically been focused on the world’s largest cryptocurrency’s price action, there is a degree of ignorance when it comes to studying metrics for building a trading strategy. Here are just a few of them that highlight such growth in...Read More
Halvings are important events in Bitcoin’s price cycle, especially because a lot of expectations are tied to these events. However, while Bitcoin’s price did end up higher post the first two halvings, it did take quite a few months for the price to do the same. Post the first halving, the price rose by over...Read More
The selling pressure bearing down on Bitcoin seemed to be exceptionally high, at the time of writing. Since the end of July, Bitcoin has now re-tested its support at $11,400-$11,200 more times than it has breached $12,000 on the charts. With every passing day, bullish momentum has lagged in terms of intensity and with altcoins...Read More
The Chicago Mercantile Exchange (CME) has climbed up the listings to rank in the top 10 derivatives exchanges. The volume and open interest from institutional heavyweights on exchanges like CME solidify Bitcoin’s mainstream acceptance. It fuels anticipation and liquidity on spot and derivatives exchanges for retail traders. The magnitude of the influence is debatable, however,...Read More
Popular cryptocurrency YouTube content creator DataDash believes that Bitcoin has entered a long-term bull cycle. He based his opinion on several factors, including the famous stock-to-flow model, the increasing hodling mentality from investors, and the issuance of new coins. Weekly And Monthly Bullish Patterns According to Nicholas Merten, the person behind the popular DataDash YouTube...Read More
