It would seem that there’s no stopping Bitcoin right now. A few days after the world’s largest cryptocurrency breached the much-anticipated $18,000-mark, BTC has crossed yet another milestone – $19,000. The latest development on Bitcoin’s price charts came on the back of a 6% surge in a matter of 3 hours with its current trading...Read More
Bitcoin pioneer and podcaster, Max Keiser, believed that retail investors will be left out of the bitcoin market especially as the cryptocurrency’s price “rockets to $1,000,000 per coin,” which will make it more difficult and almost impossible for people to afford Bitcoin. According to Keiser’s own estimations, since in 2024, Bitcoin’s supply would get cut...Read More
Bitcoin‘s recent purple patch seemed to face its first setback over the past 24-hours after Bitcoin dropped down to $17,610 from a high of $18,890 on 22 November. While the cryptocurrency’s price had recovered to climb above $18,000 at press time, the wheels, unbeknownst to everyone, might have been in motion over the previous week...Read More
Bitcoin’s recent rally has been driving up much interest in the crypto market at large, with BTC attracting several notable investors. In that regard, CEO of Ripple, Brad Garlinghouse acknowledged in a recent tweet that institutional investor interest in cryptocurrencies has been on the rise. In his tweet the CEO said: Never a dull moment...Read More
This is the final part of a three-part look at a monthly dollar-cost averaging strategy. In the first part, we discussed the idea and saw which three months gave the worst returns using this method. In the second part, we saw which months gave meh or flat returns, which also underlined the lack of volatility...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice A recent re-test of the $17,610-level led to the perma-bears in the market rearing their heads with interest. However, to their disappointment, Bitcoin jumped back above $18,000 and it has maintained a position above...Read More
Bitcoin’s discussion is no longer exclusive to developers and coders as a growing number from the general public is also backing the cryptocurrency. In recent news, the son of musician John Lennon- of the Beatles’ fame, and artist Yoko Ono’s son, Sean Ono Lennon, came out as a Bitcoin supporter. As part of a session...Read More
At the time of writing, Bitcoin was trading at $18,092, having recovered from a dip that took it below the crucial level. If BTC does close above $18,000, it will have done so for 2 days in a row, with it being 4 days since the price first crossed $18,000 since the heyday of the...Read More
Bitcoin was trading at $18,626 with a market capitalization of $345 billion, at the time of writing, with the world’s largest cryptocurrency on the precipice of finally overtaking its ATH on the price charts. It is in light of such developments and expectations that it is interesting to note that Bitcoin is still leaving exchanges....Read More
With Bitcoin and most of the market’s altcoins rallying in the backdrop, the Stablecoin Ratio seems to be highlighting the rise of sell-side pressure. At the time of writing, Bitcoin was trading at $18,649, with the asset successfully staying above $18,000 for over 24 hours now. In fact, the reserves on spot exchanges are dropping...Read More
This is the second part of a three-part look at a monthly dollar-cost averaging strategy. In the first part, we discussed the idea and saw which three months gave the worst returns using this method. In this article, we’ll look at which months gave the kind of returns that would make one go ‘meh.’ Laying...Read More
It may be a tad too early, but ‘tis the season of fun, joy, and a Bitcoin price rally. With Bitcoin holding firm above the $18,000-mark, each passing hour is only going to clarify the difference between stacking sats and trading. In fact, institutions like Grayscale, with an AUM of over $10B, are still stacking...Read More
With the world’s largest digital asset registering YTD returns of over 145% at the time of writing, there is renewed cause for optimism in the market. In fact, many like Nic Carter have gone out of their way to stress that contrary to the bull run back in 2017, the present rally is much more...Read More
Bitcoin’s market has been performing exceptionally lately, with the cryptocurrency recording YTD returns of 160%, at press time. It should be noted, however, that even though the gains in the present market are more “real,” compared to 2017, the inclination from institutions in the market has mainly been driven by the high volatility in the...Read More
2020 was a much-anticipated year for most of the crypto-community, with many expecting Bitcoin, and by extension, the larger crypto-market, to move significantly on the back of BTC’s halving in May 2020. However, while the world’s largest cryptocurrency has since rallied, the immediate impact of the halving wasn’t exactly felt. In fact, many argue that...Read More
It’s safe to say that 2020 has been like no other. Not just in the real world, but in the Bitcoin market as well. The king coin began at $7,200, halved its price by March, halved its supply in May, and doubled its price by October. That’s one hell of a rollercoaster. Source: Coinstats Despite...Read More
Bitcoin has continued its price rally to $18100 after crossing key resistance levels and this puts the year-to-date ROI of Bitcoin over 135% against the dollar. Six months post the halving of May 2020, the price is up 88%. As Bitcoin continues to rally, institutional investors and on-chain analysts are eyeing the all-time high price...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
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
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
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
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
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
