Since the start of the year, Bitcoin’s price has surged by over 32 percent on the price charts. Thanks to the said surge, BTC, at press time, was valued at over $37k while it was priced at just $28k when the year began. However, what is really interesting is that this surge is being backed...Read More
Former Fed governor Kevin Warsh believed that US dollar is losing value and this situation seems to be affecting Bitcoin in a positive way. Kevin Warsh was a governor of the Federal Reserve System during and in the aftermath of the 2008 financial crisis. In a recent interview on CNBC’s Squawk Box, the former government...Read More
The crypto-derivatives market was largely successful in 2020. While Bitcoin Futures have been in the limelight a lot due to the CME’s growth, Bitcoin Options stole the show with its consistent run throughout the course of 2020. However, its magnification goes beyond the regular interest of traders, with other factors playing a vital role in...Read More
With Bitcoin’s price rallying across spot exchanges, the estimated leverage ratio across exchanges is falling too. The leverage across exchanges has dropped lately, especially since the price crossed $25,000, and a drop in leverage indicates that retail traders are being careful about every move made in the market. In fact, they are especially careful about...Read More
Bitcoin investors, those who were around for the 2017 bull run, the price drop that followed in 2018, and who later survived the Black Thursday crash of March 2o20, understand how Bitcoin’s market cycles work. Though the ongoing price rally has kept Bitcoin traders on their toes, one can argue that the market cycles haven’t...Read More
Bitcoin set a new ATH of more than $35,000 on 6 January shortly after breaching the previous record high of $34,500 mark. This is much more than what Bitcoin cost in March 2020 which was around $3800. Many in the crypto economy believe that this year might see BTC touching a six-digit number. Moreover, on-chain...Read More
On the one hand, Bitcoin’s price breaking above $34,000 and $35,000 might have started an endless debate on whether there will be a spillover to other cryptocurrencies or not. On the other hand, another critical debate relates to the whale movement associated with the market’s top cryptocurrencies. This is a crucial debate, especially since the...Read More
Bitcoin’s price seems to be showing no signs of stopping any time soon. After having breached one resistance level after another over the past few weeks, Bitcoin today breached another, the $35,000-mark, attaining yet another ATH in the process. Bitcoin’s latest price surge came on the back of an 8.9% surge over 12 hours. It...Read More
Macro investor Raoul Pal, CEO and Co-Founder of Real Vision Group thinks Bitcoin will soar to $1 million in roughly five years’ time. He believed that with the asset’s restricted supply, market demand will always be in Bitcoin’s favor. The former Goldman Sachs investment banker claimed that Bitcoin’s price-performance will continue to draw more interest...Read More
Blockstream’s CSO, Samson Mow, thinks that institutional investors decide to buy Bitcoin regardless of its price movements. The Bitcoin maximalist took to Twitter on 5 January to explain that entities seeking to buy the digital asset do not plan to buy BTC at a particular price. Instead, heads of such institutions plan to purchase a...Read More
The circulating supply of Bitcoin, at press time, was 18,591,375 ~ 18.6 million. That is close to 88.6% of the total supply. Now, even though each token is worth close to $31k, understanding the state of liquidity gives a better perspective of its value. According to Glassnode’s latest report, illiquidity is on a rise in...Read More
The previous year witnessed significant growth in decentralized applications. Total locked value locked (TVL) across all DeFi apps had hit $1 billion at the beginning of January 2020. A year later, DeFi TVL in dollars amounted to $18.3 billion, at press time, according to DeFi pulse. Image Source: DeFi Pulse Although Bitcoin attracted several major...Read More
How the times have changed. And apparently, so has The Financial Times. Consider this – A recent edition of the mainstream paper had Bitcoin take precedence and dominate the front page. The headline read, “High flyer: Bitcoin value tops $30,000.” Now, while the article does sound catchy and pretty, one must remember that FT wasn’t always...Read More
Bitcoin has been registering new highs on the price charts this year, despite the crypto seeing a period of mild correction. Unlike the 2017 rally, the 2020-2021 rally has been associated with institutional interest. Many prominent institutions have shown trust in the asset value of Bitcoin and included it in their company portfolios. These include...Read More
Financial strategist and founder of Rosenberg Research & Associates Inc, David Rosenberg said he would avoid investing in Bitcoin, as he considers the digital asset to be in a market bubble at present. The former Merrill Lynch chief economist also planned to stay away from Bitcoin at least for the next twelve months and instead...Read More
Earlier today, Bitcoin’s record-breaking surge to the $34,000-mark made headlines across mainstream media platforms, which attracted long-time Bitcoin critic Peter Schiff to comment on the same. The gold advocate recently took to Twitter and said: It seems like a pretty good indicator of a market top. Image Source: Twitter Schiff has been known to criticize...Read More
Early mover advantage is the advantage a company/person gains by being the first to introduce a product to the market. One prominent example would be Amazon, which created the first online bookstore, established its presence and brand value. This same advantage also applies to Bitcoin, the first cryptocurrency working on blockchain technology to employ a...Read More
Bitcoin may be a store of value for a few, a hedge against inflation, or digital gold for many. The asset’s institutionalization has made one thing clear, Bitcoin is not for weak hands and it may mean different things to different people. It may be an asset class like commodities, a legitimized medium of exchange,...Read More
Comparing Bitcoin with the traditional asset class and commodity assets such as gold has been a common theme in 2020. However, while most assets were unable to compete with Bitcoin’s ascendency in terms of RoI, Tesla did it better. In fact, almost 3 times better. In order to understand the dynamics on a grander scale,...Read More
The past year was punctuated by a series of extreme peaks and troughs. In spite of that, however, there is an assured collective acceptance of Bitcoin, one that is palpable. 2020 particularly was dominated by numbers and growth. Here are a few highlights, Crypto’s collective market cap increased by 284% Bitcoin Year to Date spike...Read More
Bitcoin is the largest cryptocurrency in the world and it is also the most popular. Have you ever wondered why? Although your answer is going to be a quick yes, let’s take a look at why this is so. It is the largest due to its market cap, which is the product of price per...Read More
Binance, the Changpeng Zhao-led crypto-exchange, today is synonymous with the crypto-market. Widely considered as the world’s biggest crypto-exchange, the impact Binance’s operations have on the larger market cannot be understated. In fact, over the past few years, CZ’s Binance has emerged as a monolith of the industry. Ergo, the question – Is Binance too big...Read More
Less than 24 hours after most of the world called curtains on 2020, it is fair to say that Bitcoin closed its shop in the best way possible. It should be noted, however, that for the cryptocurrency market, the past two weeks have been incredibly lucrative. Source: BTC/USD on Trading View Bitcoin crossed its previous...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin has had a phenomenal year, with its price tapping new highs every day. At the time of writing, Bitcoin had just hit $29,300, a new all-time high for the cryptocurrency. This has been...Read More
2020 has been a monumental year for the cryptocurrency market. For the world’s largest cryptocurrency, Bitcoin, the year saw drastic dips in price as well as a new ATH set during the December 2020 bull run. The larger crypto-space has not only seen increased adoption and greater use cases, but 2020 was also the year...Read More
2020 was surprising, chaotic, and exhilarating, and so was Bitcoin. With the year at an end, it is time to whip out those glasses for a perfect 20/20 vision, not to look back, but to peer into the future. The year so far… To sum the year up would be impossible, especially considering the plethora...Read More
From January to December 2020 – How have crypto-regulations evolved this year? 2020 will always be known as the year the COVID-19 pandemic reshaped the way we as humans function and interact with the world. For most in the crypto-community, however, this was also the year the world realized the true potential of cryptocurrencies. With...Read More
New research indicates 78% of the circulating Bitcoin supply, which is 14.5 million BTC, as being illiquid. According to analysts Kilian Heeg and Rafael Schultze-Kraft at Glassnode, increased perception of Bitcoin as a store of value and hodling activity is reducing liquid bitcoin. Illiquid Bitcoin has been increasing this year, which means there will be...Read More
Gold advocate and Bitcoin critic Peter Schiff has become the second most influential Bitcoin figure, ranking below Morgan Creek’s Anthony Pompliano, according to social media analytics platform Lunarcrush. Image Source: Lunarcrush Self-claimed Bitcoin pioneer and podcaster, Max Keiser who ranked fifth has often criticized Peter Schiff for his opposing views on Bitcoin. However, Schiff has...Read More
Francis Suarez, Mayor of Miami said that he was “definitely open to exploring” new resident Anthony Pompliano’s suggestion of allocating “1% of the city’s treasury reserves in Bitcoin.” He also mentioned that Florida’s Chief Financial Officer, Jimmy Patronis was “forward-thinking” about blockchain and crypto technology. Suarez said this in response to the CFO’s tweet that...Read More
