Tag: bitcoin (btc) adoption

Jan 15 2021

Cumulative Bitcoin (BTC) Miner Revenue Crosses $20 Billion

Quick take: BTC Miners have now cumulatively earned Bitcoin worth $20 Billion Such revenue is an incentive to keep the Bitcoin network going and secure Bitcoin has just experienced a dip to the $35k level The minor corrections are necessary and healthy during a bull market Bitcoin miners have cumulatively earned BTC worth $20 Billion since the network was launched. This is according...

Dec 28 2020

Bitcoin Whales Are Making Fewer Deposits of BTC to Crypto Exchanges

Summary: Bitcoin whales are depositing less BTC to crypto exchanges This is a possible sign of seller exhaustion by Bitcoin whales Institutional investors continue scooping up BTC Bitcoin could very well attempt a $30k all-time high Bitcoin whales are making fewer deposits of their BTC to crypto exchanges. This is according to an analysis by the CEO of CryptoQuant, Ki Young Ju, who...

Dec 27 2020

Bitcoin Analyst: $30k Would be a ‘Red Alert’ Zone for BTC

Quick take: Timothy Peterson has identified $30k as a possible 'red alert' zone for Bitcoin At this level, Bitcoin has a higher chance of experiencing a future large crash such as the ones witnessed in 2012, 2014 and 2018 Bitcoin has broken the $25k, $26k and $27k price ceilings in less than 24 hours $28k is a few hundred dollars away for Bitcoin...

Dec 26 2020

Bitcoin (BTC) Breaks the $25k Price Ceiling, $26k & $27k Could be Next

Summary: Bitcoin has set all-time highs on two consecutive days Bitcoin's most recent all-time high is $25,035 - Binance rate The King of Crypto shows no signs of slowing down with $26k and $27k in sights 2021 will be a year of Bitcoin continually setting all-time high values as it meets the numerous price predictions Bitcoin provided the perfect Christmas present yesterday, December...

Dec 24 2020

We Have a Bitcoin (BTC) Supply Shortage – Pantera Capital CEO

Summary: Dan Morehead has pointed out that Bitcoin is experiencing a supply shortage This is due to institutional buyers such as Paypal scooping up Bitcoin more than is mined Bitcoin's price is 9 weeks behind its pace towards $115k but will eventually get there The CEO of Pantera Capital, Dan Morehead, has pointed out that there is a growing Bitcoin supply shortage. According...

Dec 20 2020

Kim Dotcom: I Expect Bitcoin Cash (BCH) to Reach $3,000+ Next Year

Quick take: Kim Dotcom is bullish on Bitcoin Cash (BCH) He expects the digital asset to be valued at $3k and above by next year He cites crypto adoption as one reason Bitcoin Cash (BCH) will thrive According to Kim Dotcom, Bitcoin Cash is faster and cheaper to transact when compared to Bitcoin Renowned internet entrepreneur and the creator of MegaUpload, Kim Dotcom,...

Dec 15 2020

Number of Ethereum and Bitcoin Non-Zero Addresses Hit New ATH

Quick take: The number of non-zero addresses on both the Ethereum and Bitcoin network is continually increasing Both have hit an all-time high of 50.651M for ETH and 32.925M for Bitcoin Such activity on both networks is a clear sign of investor interest as well as the adoption of each digital asset Price appreciation is sure to continue for both Ethereum and Bitcoin...

Dec 13 2020

Buy Bitcoin (BTC) Below $20k – Rich Dad Poor Dad Author

In summary: Robert Kiyosaki has pointed out that buying Bitcoin below $20k might be a good idea Mr. Kiyosaki forecasts that Bitcoin will hit $50k soon He explains that institutional money is buying up the BTC in the markets The American economy is in trouble and the future is in Gold, Silver, Bitcoin and Entrepreneurs Bitcoin has refused to dip below $17k and...

Dec 11 2020

Bitcoin is no longer a Risk-Off Asset with the Purchase By MassMutual

Quick take: MassMutal Life Insurance recently purchases $100 million in Bitcoin Insurance companies are known to avoid unnecessary risks The 169-year- old insurance company buying Bitcoin is a sign that BTC is no longer a 'risk- off' asset Bitcoin being sold now by miners and retail traders is increasingly being scooped up by institutional investors The herd of institutional investors has truly arrived in the...

Dec 08 2020

Capital From Gold Will Move to Bitcoin Once BTC’s Marketcap hits $1T

Quick take: Willy Woo has forecasted that Bitcoin's market cap hitting $1 Trillion will result in more capital moving from Gold to BTC His comments were in response to MicroStrategy raising $400M to buy more Bitcoin A $1 Trillion market cap puts Bitcoin at around $54,000 More companies are accumulating Bitcoin and will continue adding it to their treasuries Veteran Bitcoin analyst Willy...

Dec 06 2020

Bitcoin’s Dip is Currently a Waiting Game – BTC Analyst

Quick take: Crypto traders and investors have been expecting Bitcoin to dip to $16k or even $14k Bitcoin's social volume continues to be high The Fear and Greed Index is at 95 for a second time in a week However, on-chain fundamentals continue to be strong and a dip might have to wait Bitcoin's weekly close is once again only a few hours...

Dec 05 2020

Bitcoin’s Price is Ahead of Fundamentals by 6 – 9 Months – BTC Analyst

Quick take: Timothy Peterson has pointed out that Bitcoin's price is ahead of its fundamentals by 6 - 9 months However, this is not a big concern as it sometimes happens with technology in the limelight Bitcoin has a high chance of breaking $20k. After this level, fundamentals will not matter $24k is possible by the end of 2021 based on Bitcoin adoption...

Dec 04 2020

$50k is Bitcoin’s Resistance in 2021, $10k is BTC’s Support – Report

Quick take: Bloomberg's Crypto Outlook report for December forecasts a $50k resistance level for Bitcoin in 2021 This will bring its market cap to $1 Trillion $10k will be Bitcoin's support next year after serving as a resistance in 2017 Bitcoin's adoption is increasing and thus providing a firmer foundation for BTC Bitcoin might stall between $19k and 20k in the short term...

Dec 03 2020

Bitcoin Addresses Active in November Were Almost as High as Dec. 2017

Quick take: The month of November saw 19.6 million active Bitcoin addresses This amount is Bitcoin's third-highest in its history A higher number of active Bitcoin addresses was only witnessed in December 2017 and January 2018 Such a high number of active addresses points towards increased adoption of Bitcoin High network activity on the Bitcoin blockchain is a confirmation of a bull season...

Dec 02 2020

Bitcoin Hitting $200k by End of 2021 Looks Conservative – BTC Analyst

Quick take: Willy Woo has forecasted that Bitcoin could hit $200k by the end of 2021 However, he views this as a conservative estimate and Bitcoin could very well reach $300k Mr. Woo also pointed out that majority of Bitcoin investors got in at around $7,456 Depletion of Bitcoin on spot exchanges will ultimately lead to Bitcoin increasing in value Veteran Bitcoin analyst,...

Nov 29 2020

Bitcoin’s (BTC) Positive Twitter Commentary is Near a 6-Month High

Quick take: Positive twitter comments related to Bitcoin are near a 6-month high The last time the sentiment was this high, was during the Bitcoin halving in May This is the fourth time Bitcoin's Twitter sentiment has been at these levels since 2017 This is despite the recent dip to $16,300 levels High Bitcoin sentiment could be another sign of a possible top...

Nov 20 2020

Bitcoin (BTC) Active Addresses Hit 1.19M, The Highest Since Jan. 2018

Quick take: Bitcoin's active addresses have hit a 2 year high of 1.19 Million This amount of activity on the Bitcoin blockchain was last witnessed in January of 2018 Bitcoin has also set a 2020 peak value of $18,732 - Binance rate High chances are that Bitcoin will retest $20k this year The number of active Bitcoin (BTC) addresses has hit 1.19 million....

Nov 18 2020

BTC Surges To $18.4k, Dumps to $17.2k as $0.8B is Liquidated in 24hrs

Quick take: Bitcoin broke the $17,100 resistance level Bitcoin then zoomed past $18k to post a 2020 high of $18,474 - Binance rate BTC soon fell hard to $17,200 The intense price action resulted in over $800 million in liquidations across the crypto markets The last 24-hours have been an exciting ride for Bitcoin (BTC) traders and investors. Late yesterday, the King of...

Nov 17 2020

Bitcoin Analyst: $13,800 is Next if BTC Cannot Break $17,100

Quick take: Bitcoin analyst, MagicPoopCannon, believes that Bitcoin will ultimately challenge its previous ATH However, it has one more resistance level at the $17,100 price area If BTC does not break this resistance, it could drop back down to $13,800 Bitcoin could then bounce from $13,800 to a new all-time high Bitcoin analyst, MagicPoopCannon, has provided his most recent insight into Bitcoin's probability...

Nov 12 2020

Bitcoin Whales Holding at Least 10k BTC Hits a 2020 Peak of 111

Quick take: The number of Bitcoin whales holding at least 10,000 BTC has reached a 2020 high of 111 Bitcoin addresses holding between 1,000 and 9,999 BTC is also high at 2,129 which is 6 addresses shy of the all-time high The impressive bags of Bitcoin whales is evidence of investor confidence Bitcoin is attempting to turn the $16k price area into support...

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