American billionaire hedge fund manager, Paul Tudor Jones made bullish statements about Bitcoin, and compared Bitcoin and other cryptocurrencies to precious and industrial metals. In an interview with Julia La Roche of Yahoo Finance, Paul Tudor Jones expected Bitcoin to be “substantially higher” in 20 years and that Bitcoin had the “wrong market cap:” In...Read More
Grayscale Bitcoin Trust may be the closest to a Bitcoin ETF in 2020. The daily GBTC trade volume has increased steadily since June 2020 and this is critical to Bitcoin’s price and liquidity. Grayscale Bitcoin Fund requires a minimum investment of $50000, and the trade volume in GBTC is a clear indicator of the demand...Read More
The Acting Head of US Office of the Comptroller of the Currency (OCC), Brian Brooks, said regulators were “very focused” on “not killing” Bitcoin. The comment comes amid speculation about a possible blanket ban on cryptocurrencies in the US. Brooks went on to state that US regulators were planning to develop the networks behind Bitcoin....Read More
Bitcoin has never consolidated at a price range this high for so long in its history. While a recent revisit below $17k may have shaken away a few weak hands, the crypto-asset, at press time, was able to gather pace above $18,500 once again. In fact, the sentiment is distinctly different as well. The air...Read More
The world’s oldest Bitcoin mining pool, Slush Pool, has inscribed Reuters’ famous headline, “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak,” on block number 659678. The same was done on 2 December, with the mining pool revealing the same a few hours ago, adding that the miners wanted to “immortalize” the bullish headline...Read More
The store of value and digital gold narrative has taken markets across spot exchanges by storm. Imagine moving ahead from the store of value narrative, as Bitcoin continues to trade above $18000 and consider the fact that $1000 of Bitcoin purchased a decade ago would be worth approximately $100,000,000 today. When @danheld tweeted about this,...Read More
As Bitcoin’s price hit a new ATH before closing in November 2020, it is the ideal time to check Bitcoin’s correlation with Gold and the impact on price. Bitcoin and Gold decoupled earlier in November 2020, based on data from skew. The quarterly gain posted by Bitcoin is 72% and the monthly gain is 35%....Read More
Bitcoin’s price crossed ATH on most exchanges on November 30, 2020 chasing after a high monthly close. Interestingly enough, @Danheld of Kraken has been asking traders to be patient and wait to get rewarded. In his recent tweet, he said there will be several dips in this cycle as well, and HODLing is the only...Read More
The post COVID-19 pandemic economy might see certain economies crashing and local currencies plummeting, which would make Bitcoin theft “a lot more attractive,” according to new research. The study, titled ‘Cyberthreats to financial organizations in 2021,’ was published by Kaspersky’s cyberthreat research team. In it, the authors expect more fraud, targeting mostly BTC, due to...Read More
Crypto exchange Gemini’s co-founders, the Winklevoss twins think Bitcoin will be gaining 25 times its current value as more global investors adopt the leading crypto as a hedge against inflation. In a recent interview with CNBC’s “Squak Box” Tyler Winklevoss said that Bitcoin will be “the best performing asset of the current decade” and stated:...Read More
When the weekend started, Bitcoin’s price had slumped to $16,788. By the end of it, however, Bitcoin was trading close to $18,147. The positive commentary from institutional buyer Guggenheim Partners helped retail traders remain optimistic about the Bitcoin market, despite the 15.6 percent retracement seen on Thanksgiving. This was evidenced by the latest surge in...Read More
One moment Bitcoin looks set to breach its all-time high and the next, it’s down by $3,000. Welcome to crypto! In a bull market with bearish overtones, a lot can be lost in the noise. For instance, if you’d bought Bitcoin last week and sold it this week, you’d be down by around 14 percent....Read More
After about $2 billion worth of longs were decimated during the recent crash, the only question that remained was this – “Is the Bitcoin correction over?” Bitcoin’s correction was incoming, however, nobody knew when to expect it. Moreover, with each surge, Bitcoin’s ATH just got closer. Hence, the cryptocurrency’s recent movements blindsided a lot of...Read More
As things stand, Bitcoin and Ethereum trail their respective 2017 peaks by 10 percent and 150 percent, respectively. Clearly, one is further away than the other, but both cryptocurrency’s markets are closer to the infamous bull market than you’d think. According to the market intel report by blockchain analytics firm Chainalysis, while Bitcoin might’ve seen...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin has started its rollercoaster ride yet again. This has contributed to longs worth billions being liquidated as a result. As long as we have high volatility, we can expect this trend to continue...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
Over the past few months, the crypto-market has witnessed an influx of institutional investors, most of whom have set aside significant allocations in favor of Bitcoin. It would now seem that Guggenheim Partners will be the newest name to join that list. According to a recent SEC filing, the global investment management firm with over...Read More
Bitcoin’s price may be suffering from weekend slumps yet again and it has dropped over 11 percent from the $19,200 level. The market capitalization is down from $581 Billion to $512 Billion and on-chain analysts are comparing the price action in the past week to Gold’s fractal of the 70s. Mark Twain’s comment “history never...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
When Bitcoin’s price was rallying, most traders were glued to trading platforms or whatever exchange it is that they trade on. The price climbed from $17000, all the way to $19000, and back, did they sell, and if they did, did they time it right? Why is it so hard to tell when it is...Read More
Bitcoin, the world’s largest cryptocurrency, is in the news again after American economist and popular crypto-critic Nouriel Roubini claimed that it had no intrinsic value, adding that BTC is heavily manipulated. Taking to Twitter on Thanksgiving Day, the crypto-skeptic, in fact, also went on to blame retail investor FOMO for the latest Bitcoin price drop....Read More
Bitcoin is now trading at $17275, down from $19300, 3 days ago. The price has dropped by 10.49% and Bitcoin longs worth $43.8 Million were liquidated in the past 24 hours on BitMEX vs $6.5 Million shorts. 3 days ago, on November 24, 2020, the situation was a contrast. There were more shorts getting liquidated...Read More
MicroStrategy’s adoption of Bitcoin as its primary reserve asset took the market by storm, with many arguing that the development was one of the catalysts behind BTC climbing to $19k on the charts. The firm’s Michael Saylor recently spoke about Bitcoin and his company’s decision to invest in Bitcoin, which is now up by over...Read More
The world’s largest cryptocurrency, Bitcoin, was roaring and climbing towards its all-time high until a few days ago. In fact, BTC climbed to a yearly high of $19,490 after it managed to surge by 42%. At the time of writing, however, corrections were setting in, with Bitcoin down by 16% in just two days. While...Read More
Gold advocate and American stockbroker Peter Schiff took to twitter today to clarify to the crypto community that he understands Bitcoin well enough to not participate in the BTC market. The clarification is because Schiff believed that his lack of participation in the market has caused many users to doubt that Schiff does not understand...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The value of Bitcoin had been appreciating without any hiccups for the past one month, until quite recently. In fact, over the past 48 hours, soon after Bitcoin climbed to a local top...Read More
A lot of numbers for the future price of Bitcoin have been thrown around recently, but most of them have been presented without context. The following article will focus on Bitcoin’s achievements, putting them in the context of traditional world assets. The first thing that comes to mind is gold due to its similarity with...Read More
American television personality and host of ‘Mad Money’ on CNBC, Jim Cramer, has spoken positively about the leading cryptocurrency Bitcoin. In a recent tweet published on 24 November, Cramer, a former hedge fund manager, called Bitcoin “a great alternative” to gold. Cramer who is also the co founder of ‘The Street’ goes on to state...Read More
Speaking on the ‘The Pomp Podcast’ with host Anthony Pompliano, macro investor Dan Tapiero believed that roughly $15 trillion in wealth could flow into Bitcoin and gold over the next ten years. The co-founder of digital asset equity fund 10T Holdings, said that financial institutions could invest up to 10% of their portfolios in gold...Read More
After shaking off the slow weekend, Bitcoin’s price is back above $18600. Bitcoin traded above the $18500 level for nearly 3 days before the weekend and then dropped to $18200, even lower on some spot exchanges. However, according to Entrepreneur Qiao Wang, Weekends exist for shaking off weak hands before institutions turn their algos back...Read More
