In this final article of the three-part look at Bitcoin in bearish-2018, we look at which investing period gives you the least loss. The reason for looking at such a pessimistic year while the market is on a bull-run currently is to bring some perspective. Let’s do a quick recap before the summary. Firstly, we...Read More
Bitcoin’s price crossed $18k on November 18, 2020, and this has led to bullish sentiments all across spot and derivatives exchanges. In the daily price chart, Bitcoin has rallied over 4.5% in less than 24 hours, marking a new high for 2020. The current bullish sentiment reflected in the price chart may also be dubbed...Read More
Bitcoin has gathered more criticism than any other asset class in the past decade. However, one of the most popular and oldest arguments is that “Bitcoin could fail if it becomes a threat to national currencies it will simply get banned”. If you have heard this a bunch of times, let’s dive into why Bitcoin...Read More
The Bitcoin billionaire bandwagon has another representative in the likes of Mexico’s second-wealthiest man – Ricardo Salinas Pliego. He recently highlighted the problems with fiat currencies, especially in Latin America, and clarified that his first BTC purchase came four years ago. Mexican Billionaire Points Out Fiat Problems According to a Forbes publication from earlier this...Read More
Bitcoin’s price hit an ATH of $18000 on November 18, 2020. Few hours prior to the price rally, open interest on top derivatives exchanges hit a new ATH of $6.4 Billion based on data from Skew. BTC Futures || Source: Skew Bitcoin futures have hit new highs previously, however interestingly every ATH has been closely...Read More
Despite receiving nearly 500,000 answers telling her not to “go long on Bitcoin,” the actress portraying Arya Stark in the legendary Game of Thrones TV series, Maisie Williams, has gone against their advice and actually purchased bitcoins. Williams Defies The Critics And Buys Bitcoin As reported yesterday, the 23-year old actress took it to Twitter...Read More
SpaceX’s Crew-1 spaceship flew 4 astronauts to space yesterday. But it seems the shuttle also dragged the bitcoin and cryptocurrency market along with it. As in what happens to be a revisit of 2017, BTC smashed past the $18,000 price mark pushing the total digital asset market cap north of $500 billion. The excitement was...Read More
If you have some Bitcoin in your wallet – and you live in Brazil – you can attack your country’s electoral infrastructure and bring the public institutions to their knees while people express their anguish as they wait for the results of a critical election to measure the leadership of the current president, deemed the...Read More
After reaching the $17,000 mark on 17 November, Bitcoin has now breached the $18,000 range across some major crypto-exchanges today. Whilst Bitcoin dipped by 0.7% in the last hour, BTC prices hiked by over 4.7%, in a 24 hour period at the time of writing. Overall, Bitcoin was up by 14.6% in the weekly timeframe....Read More
USDT has replaced XRP yet again, to rank third in market capitalization. Based on data from Skew, it has hit a new high of $18 Billion. On Coinmarketcap.com, Tether’s market capitalization is 0.13 Billion shy of 18 Billion. USDT Market Cap || Source: Skew So is Tether taking on the popular altcoin XRP or is...Read More
Bitcoin shows absolutely no signs of slowing down. After taking over $16,000 a few days back, the cryptocurrency is now trading well over $17,000 on its way to the former all-time high. The last time the price was this high, it only took six days to reach its ATH value. This happened back in December...Read More
Self-claimed Bitcoin pioneer and podcaster, Max Keiser, believes that American billionaire hedge fund manager Raymond ‘Ray’ Dalio, will have to buy Bitcoin soon if he wants to stay in business. In a new episode of the Keiser Report, the bitcoin maximalist looked at the many Wall Street legends entering the bitcoin game, such as Paul...Read More
Former Olympic wrestler and mixed martial artist, Benjamin Michael Askren, nicknamed “Funky” took to Twitter today to share his opinion on why he thinks Bitcoin was increasing in value. He implied that the premium cryptocurrency was only going up in value because the US dollar was losing its own. In his 17 November tweet, the...Read More
Bitcoin is easily the most profitable investment, so far, since November 2020 bitcoin has yielded an approximate 29% in returns. In comparison other assets fall short, they shy away from bitcoin. Source: TradingView Clearly, bitcoin outperforms each and every last one of them. So, not investing in bitcoin is a no brainer. If you do...Read More
As Bitcoin hits newer levels and breaks past resistances, it is trading at $16300. Meanwhile, Bitcoin reserves have dropped consistently since October 2020. Down 5.6% since October 2020 and 17.19% since the beginning of 2020, reserves have been a top factor driving the consistent price rally in 2020. BTC Reserves on exchanges || Source: CryptoQuant...Read More
Amongst bitcoin and cryptocurrency fund management firms, Grayscale takes the top spot. And so it has proved again by now becoming the owner of 500,000 BTC worth $8.5 billion. This roughly equals 2.4 percent of the cryptocurrency’s total programmed supply. Grayscale Investments Owns Bitcoin Worth $8.5 Billion A few hours ago, Barry Silbert’s crypto fund...Read More
Over the past few weeks, Bitcoin has been leading the crypto rally and is continuing to do so. The world’s largest cryptocurrency has returned to another new high of 2020, as it finally breached the $17,000-mark across some major crypto-exchanges. In the last hour alone, Bitcoin hiked by over 2.2%, on the charts. Additionally, BTC...Read More
Months after the infamous hack on its platform, the social media giant Twitter has appointed a noted hacker as its head of security. Pieter Zatko, also known as “Mudge,” has also testified before Congress, educated President Bill Clinton about DDoS attacks, and worked in Google and the Defense Advanced Research Projects Agency (DARPA). Twitter To...Read More
Maisie Williams, the actress portraying Arya Stark in the Game of Thrones TV series, asked her 2.7 million followers if she should “go long on Bitcoin.” Apart from thousands of responses she received from the community, Barry Silbert, Mike Novogratz, and even Elon Musk weighed in as well. Arya Stark Looks To Buy Bitcoin? Born...Read More
As the value of Bitcoin soars and marks new annual highs, Bitcoin’s proponents have been increasing exposure to the digital asset. Galaxy Digital, the crypto merchant bank with Mike Novogratz as its founder and CEO announced that the company was expanding its services in Canada along with CI Global Asset management. According to the announcement,...Read More
If one were to choose one word to define Bitcoin and its price movement over the past few weeks, it would be Persistence. With the cryptocurrency’s valuation showing no signs of stopping since October, Bitcoin hinted at a price reversal after it dropped down to $15,800 on 14 November. While the crypto’s price was back...Read More
After recovering from a drop of nearly 3.5% based on data from CoinMarketCap, many believe that there is little resistance to Bitcoin’s price climbing from $16K to a new ATH on the charts. However, while most people are concerned and excited about Bitcoin finally breaching its ATH, what seems to be lost on most is...Read More
2020’s crypto-market is very different from the one back in 2017. However, while it has changed a lot over the ensuing years, there remain two constants – Bitcoin and Ethereum. In fact, the two cryptocurrencies continue to retain the market’s top two positions. The constant reshuffling of the pack fuels the question – How will...Read More
A self-claimed Chinese cryptocurrency reporter, Colin Wu, who has an exclusive focus on the crypto mining industry, regulation and exchanges in China, took to twitter today to share that Bitcoin miners based in China are finding it difficult to pay their electricity bills. Colin Wu found that the Chinese local governments have been cracking down...Read More
The situation around a possible vaccine for the novel coronavirus COVID-19 continues to develop. Today, Moderna Therapeutics, one of the world’s largest pharmaceutical companies, announced that its preliminary data shows its coronavirus vaccine is more than 94% effective. This sent its stock price higher and major indices, which are all trading in the green following...Read More
The ongoing assault on money laundering in the Chinese telecoms and crypto industry has seen Bitcoin miners facing difficulties in paying electricity bills as banks freeze cards associated with cryptocurrency transactions. Three-quarter of Chinese Bitcoin Miners Can’t Pay for Electricity According to a local news outlet, in a tweet thread on November 16, 2020, Chinese...Read More
In a bull market, everything is good. With Bitcoin climbing to new highs every month, no matter which indicator, analysis, data-point you look at, everything will tell you to buy or hold. But, what if the markets weren’t so bullish? At the time of writing, Bitcoin was trading at a level a little over $16,000,...Read More
Paxos, PayPal’s liquidity provider, has seen its trading volume move up quite considerably over the past few weeks after crypto-trading went live on the platform to great acclaim. So for anyone looking to track crypto volumes going through PayPal…given Paxos (ItBit) is their liquidity provider, and the exchange was doing ~$3mln a day before, here’s...Read More
Bitcoin is the new gold, said Thomas Fitzpatrick – a Managing Director in the giant multinational bank Citibank. He also predicted that BTC could skyrocket to $318,000 per coin in the upcoming 13 months by exploring several historical price cycles and the ongoing economic uncertainties. Bitcoin Is The Gold Of The 21st Century Fitzpatrick has...Read More
Bitcoin has tapped the $16k-level twice and still, it is yet to sustain a breach or a capture of this level. What does this mean? Well, one can argue that this shows the market’s bulls are weak and ready to be farmed by the bears. “Ready to be farmed?” Yes, ready to be farmed. After...Read More
