Tony Spilotro

Blog Info Bitcoinist.com
Blog website Link
Stats Has written 50 posts about cryptocurrency

Nov 30 2020

Bitcoin Faces Pivotal Monthly Close, Ready To Ride Past ATH

Nov 30 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price ended last week with a sharp, $3,000 decline, but the leading cryptocurrency by market cap is already right back where it left off, nearly retesting above $19,000 and setting a new all-time high. Even if the cryptocurrency pulls back again before the clock strikes 7:00 PM ET, the chances of a pivotal November close outside of the Bollinger Bands remain high....

Nov 27 2020

Facebook Libra Could Launch As Soon As January, Amidst Bitcoin Resurgence

Nov 27 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin and cryptocurrencies are once again a hot topic, being discussed across the broader financial space the most since Facebook's Libra cryptocurrency was first announced. On the heels of the recent resurgence in the crypto market, rumors suggest that Facebook could be ready to launch Libra as early as January 2021. What sort of impact would its launch have amidst the recent Bitcoin...

Nov 25 2020

Quant Analyst: Surging Stablecoin Supply To Drive Unprecedented Bitcoin Buy Pressure

Nov 25 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

As Bitcoin soars toward a new all-time high and has recaptured the interest of the world of finance, a sizable supply of liquidity is building on exchanges, not in BTC, but in stablecoins. The rising supply alongside surging crypto valuations suggests that the recent rally is "liquidity-driven," according to one cryptocurrency quantitative analyst. That liquidity as it continues to stack up on exchanges...

Nov 24 2020

Why The Record $5,000 Bitcoin Monthly Close Could Soon Become The Norm

Nov 24 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin is the best performing mainstream financial asset of 2020 and of the last decade. No other asset since its inception has brought investors a larger return on their initial capital. And at this point, there is only one day where the cryptocurrency traded at higher prices. If Bitcoin price can close at current levels, it'll set a new record for the most...

Nov 23 2020

Bloomberg: Futures and Fund Flows Show Bitcoin Is Replacing Gold

Nov 23 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The Bitcoin as digital gold narrative is suddenly taking on such significance, hedge funds, corporations, and institutional investors have begun reallocating a portion of their gold holdings into the cryptocurrency, according to Bloomberg Intelligence. A top senior commodities analyst for the financial forecasting giant believes that trend along with climbing Futures interest while gold declines, means that the cryptocurrency...

Nov 20 2020

Bloomberg Analyst: Bitcoin Is “Tiny” Now, But “Price Discovery Stage” Is Here

Nov 20 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin is now worth nearly a full $15,000 more than it was during March of this year. But the events of Black Thursday and the realization that the world was forever changed, it has created the perfect storm for the cryptocurrency. Now, with new money flooding in from an entirely different wealth class, Bloomberg senior commodities analyst Mike McGlone believes that the cryptocurrency...

Nov 19 2020

How Sats Stack Up: Comparing The Milestone $335B Bitcoin Market Cap

Nov 19 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

The latest Bitcoin rally, combined with the increase in circulating BTC since 2017, has resulted in a new all-time high in the cryptocurrency's total market capitalization. $200 billion was said to be an incredible feat, allowing the underlying network to stand up against some of the largest entities in the world. With the total market cap now at a record $335 billion, here's...

Nov 18 2020

FOMO Begins: Bitcoin Adoption Explodes To Highest Level Since Previous Parabolic Peak

Nov 18 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

2020 was undeniably the year of Bitcoin. No financial assets have acted as a better safe haven, insurance policy, protection against inflation, and more – all while being the top-performing mainstream investment asset in terms of ROI. FOMO has started in a major way, and will only increase from here. The sudden surge in interest surrounding crypto is reflected in the asset setting...

Nov 17 2020

Ten Days Remain Where Buying Bitcoin Was Unprofitable

Nov 17 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Believe it or not, Bitcoin price is now trading at over $17,000, even though earlier this year it crashed to under $4,000. From low to high, the leading cryptocurrency by market cap rallied over 350%. With prices now trading around highs from late 2017 and early 2018 when Bitcoin had set its peak, it has left only ten days remaining where buying BTC...

Nov 16 2020

Bitcoin Bull Market Corrections Examined: What To Expect When Crypto Corrects

Nov 16 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

For all intents and purposes, Bitcoin is back in a bull market. But even bull markets don't always simply move upward in a straight line. Along the way, the road gets rocky, and violent and volatile corrections wipe out weeks of progress made in a matter of one or two. Data shows that past bull market corrections average roughly 37% in downside, according...

Nov 13 2020

Friday The 13th: How Superstition Could Impact Bitcoin Trend Changes

Nov 13 2020 Published at Bitcoinist.com under tags  13 bitcoin btc btcusd btcusdt

Today is Friday the 13th and only the second occurrence of the eerie date in what has been a cataclysmic year. As the clock turned to the new day, Bitcoin price action retreated slightly for the first time in weeks. Do the two things have anything to do with one another? We've analyzed past instances of the superstitious date to see if there...

Nov 12 2020

Five Reasons Why Governments Won’t Ban Bitcoin And Can’t Stop Crypto

Nov 12 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The founder of the world's largest hedge fund and macroeconomic genius Ray Dalio recently revealed his concerns over governments banning Bitcoin. In response, we're outlining all the key reasons why this simply will not happen, and even if it did, it wouldn't stop the cryptocurrency from continuing on. Why Banning Bitcoin Won't Happen, And Governments Can't Stop It...

Nov 11 2020

Bloomberg Analyst: Bitcoin’s Link With Nasdaq Being Broken Favors Continuation

Nov 11 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin has given a powerful buy signal that demanded the financial world begin paying closer attention to cryptocurrencies. The recent momentum has also caused the top crypto asset to "decouple" from the stock market. Thus far, it has been primarily crypto analysts shouting about the coming decoupling, but now even Bloomberg Intelligence senior commodity strategist Mike McGlone says that the divergence away from...

Nov 10 2020

Engineer Uses Bitcoin to Defraud Microsoft of $10M, Evade Taxes

Nov 10 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt xbt

Bitcoin is regularly blasted by regulators and the IRS for its use in illicit crime such as money laundering or tax evasion. Unfortunately, a story involving a former Microsoft engineer who used the cryptocurrency to mix over $10 million he had defrauded the company out of, doesn't help that case. Here's how one man managed to steal so much money right out from...

Nov 09 2020

Stock Market Sees Largest Surge Since V-Shaped Recovery, Another Leg For Bitcoin?

Nov 09 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

On the heels of positive vaccine news and a winner finally being declared in the US presidential election, major US stock indices like the S&P 500 and the Dow Jones Industrial Average set a new all-time high price record. Due to the ongoing correlation with the stock market, could Bitcoin also see another leg higher, and finally also set a new peak after...

Nov 06 2020

Bitcoin Overtakes PayPal Market Cap, Sets Sights On VISA, Mastercard, And Big Banks Next

Nov 06 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Ever since news broke that PayPal would be supporting Bitcoin and other cryptocurrencies in the future, the price per BTC and the asset's overall market cap has ballooned. And while PayPal's support of the emerging financial tech is what started off the recent bullish impulse, the momentum has carried the top cryptocurrency's market cap beyond the payments giant's valuation itself. Next on Bitcoin's...

Nov 05 2020

Top Bitcoin Expert Claims “The Train Has Left The Station” With $14K Broken

Nov 05 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin price is now trading at just under $15,000, less than 24 hours after resistance at $14,000 was broken. One of the cryptocurrency's top fundamental experts, says that this is just the beginning, now that "the train has left the station." Breaking through resistance at $14,000 could ultimately cause the first-ever cryptocurrency to continue to pick up momentum like a locomotive, and steam...

Nov 04 2020

Bloomberg Senior Strategist: Bitcoin May Turn “Parabolic” In 2021

Nov 04 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

During 2020, Bitcoin price has risen from a low of $3,800 to $14,100, representing over 250 ROI year-to-date. As strong as this performance has been for the first-ever cryptocurrency, according to a Bloomberg Senior Commodity Strategist, Bitcoin may go "parabolic" in 2021 just like it did in 2017 and 2013. Here are the reasons for this prediction, straight from the Bloomberg Intelligence analyst....

Nov 03 2020

Election Day Retrospective: Looking Back At The Bitcoin Campaign Trail

Nov 03 2020 Published at Bitcoinist.com under tags  2020 biden bitcoin btc btcusd

Today is Election Day and with it (hopefully) arrives the outcome of one of the most pivotal and polarizing Presidential showdowns in history. It also marks the third election since Bitcoin's inception. On this monumental day, we're looking back at the more than a decade of crypto asset's ongoing campaign trail to take over money. Crypto Campaign Retrospective: Looking Back At Bitcoin Performance...

Nov 02 2020

Bitcoin’s Higher High Shows Just How Weak Fiat Currencies are Becoming

Nov 02 2020 Published at Bitcoinist.com under tags  bitcoin btc btcgbp btcjpy btcusd

Over the weekend, Bitcoin set a pivotal higher high. And although the crypto asset is pulling back slightly with this week's election uncertainty, a confirmed uptrend could make for clear skies in the weeks ahead. However, does a lack of a higher high on other top currencies tell a different story about Bitcoin – one that instead highlights the dollar's weakness more so...

Know a good blog/source that is not listed? Contact us or fill the form below to add one:

Tag cloud