The comparison between Bitcoin and Gold is as mainstream as Bitcoin itself. However, despite the decoupling of the two assets, the group of interested and active investors in both is nearly the same and there is an overlap. In fact, traders and analysts on Crypto-Twitter have been going on about the two assets for over...Read More
With the recent spike in Bitcoin’s price, its market capitalization is nearly 7% that of Gold. On-chain analysts and crypto influencers on Twitter have been calling for Gold Flippening and this could be the first step in that direction. Back in October 2020, when Bitcoin’s network momentum was increasing steadily, Bitcoin’s correlation with Gold was...Read More
When the volatility in the cryptocurrency market is high enough to gain over 12% in price in 24 hours, there is a persistent fear of making mistakes. Bitcoin’s price chart has broken nearly all ceilings to hit the new ATH of $41780 on most top exchanges. While price discovery beyond the new ATH is yet...Read More
It’s been a good few weeks for Bitcoin, the world’s largest cryptocurrency. Not only did BTC climb to a new ATH recently, but it has also emerged to become the world’s fastest adopted asset. This was recently brought to light by a tweet authored by popular on-chain analyst Willy Woo. The tweet in question compared...Read More
Bitcoin’s rapid institutionalization has raised many eyebrows, around the world. In addition to this, it has also raised the interest and investment of institutional investors, family offices, and HODL waves from retail. In the latest episode of the Pomp Podcast, Raoul Pal takes us to conversations that happened behind closed doors between Macro guys from...Read More
For Bitcoin’s price, a pullback of 11% is not an unusual event. Call it weekend blues or price corrections, there have been even greater pullbacks in the crypto-asset’s market in the past. This is something that needs to be understood clearly as, over the past 3 years, no rally apart from the present one has...Read More
Bitcoin’s volatility is high this week, as the price has dropped from $19000 to $16900. The price hike was supported by the “shortage of supply” narrative. Looking at how the supply is not short anymore and based on data from Chainalysis, the change in BTC held on exchanges in the last day is 39.51k BTC,...Read More
2020 has been a key year for Bitcoin. There have been key moments of highs and lows but the current market suggests that the digital asset might be saving its best period for the penultimate months. The price speaks for itself. BTC is valued above $15,000 as we speak, taking over major price range one...Read More
A common belief that has been doing the rounds lately is that Bitcoin’s recent price behavior is a replica of its historic 2017 bull run. That’s all well and good, but what most people forget is that back in 2017, there were stories equating the 2017 bull run to 2013’s. #bitcoin is creeping up people!!!I...Read More
Unlike a Bitcoin proponent, Gold bugs never say ‘you should’ve bought the gold dip.’ Have you ever wondered why? The immediate answer would be Bitcoin is volatile, it’s up today, down tomorrow. On some days, it’s down by 50 percent or more, those are days when you should’ve bought the dip. On the other hand,...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
Bitcoin inflow to exchanges has dropped to record levels and as demand/ supply also continues to drop this may be the calm before the storm, however, inactivity on spot/ derivatives exchanges can be explained by Bitcoin’s volatility level. According to Bitcoin’s 60-day volatility chart by Willy Woo, Bitcoin’s volatility has dropped to the 2019 level....Read More
Despite high price turbulence and trend concerns, Bitcoin noted a major milestone over the past 24-hours. According to data released by Messari, Bitcoin completed its longest-ever period above $10,000, crossing its previous record of 62 days that spanned over 1 December 2017 and 31 January 2018. While comparisons with Bitcoin’s most bullish period are good...Read More
Everybody has a favorite day of the week. For the workaholics, it’s Monday, for the weekend warriors, it’s Sunday, and for everyone else, it’s Friday. Well, not really, but you get the point. There’s a day of the week for all of us. But, is there a day of the week for Bitcoin? It’s been...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
