Tag: bitcoin (btc) general news

Oct 30 2020

Bitcoin (BTC) Trade Volume Continues to Dominate as Altcoins Suffer

Summary: Bitcoin trade volume continues to dominate the crypto markets The increment in Bitcoin trading has had a negative impact on alts such as ETH, LINK, XRP Bitcoin's dominance is once again above 63% and could signal more focus on trading BTC at the expense of altcoins Bitcoin (BTC) continues on its bullish climb towards $14k and its corresponding trade volume is increasing...

Oct 28 2020

MicroStrategy CEO: I Personally Hodl 17,732 Bitcoin (BTC)

Summary: MicroStrategy CEO, Michael Saylor, has declared that he personally owns 17,732 Bitcoin His revelation comes after queries about how much Bitcoin he owns Mr. Saylor explained that he bought the Bitcoins at an average entry price of $9,882 He declared his holdings to MicroStrategy before it bought its stash of 38,250 BTC The company is reportedly preparing to buy more Bitcoin The...

Ethereum (ETH) and Altcoins Could Benefit from a Bitcoin Correction

Summary: Bitcoin has corrected hard to $13k after setting a 2020 peak of $13,858 Bitcoin dropping hard could signal the end of its bullishness at least in 2020 If history is to go by, Bitcoin correcting might provide some room for Ethereum and altcoins to thrive as witnessed in the 2017/2018 bull market season Bitcoin (BTC) has once again proven why it is...

Oct 27 2020

Bitcoin Analyst: BTC Will Challenge $20k if it Rises Above $14k

Quick take: Veteran Bitcoin analyst, MagicPoopCannon, believes that once Bitcoin rises above $14k, it will challenge $20k next His analysis was a few hours before Bitcoin set a 2020 peak of $13,498 - Binance rate Bitcoin is currently ranging between $13,300 and $13,400 and is only a few hundred dollars away from $14k Bitcoin might go for the home-run above $20k before the...

ChainLink (LINK) Retakes $12 Amidst a Bullish Bitcoin

Summary: ChainLink is once again attempting to retake the $12 price area and turn it into support LINK's bullishness comes after Bitcoin retakes $13k and prints a 2020 peak at $13,498 Binance has added ChainLink as collateral on its Loans platform ChainLink (LINK) is once again exhibiting bullish momentum after Bitcoin pushed hard above $13k to post a 2020 peak at $13,498 -...

Harvest Finance DeFi Team Admits They Made an Engineering Error

Quick take: An experienced 'defi farmer' used flash loans to drain Harvest Finance of $24 Million in just 7 minutes The team behind Harvest Finance have admitted they made an engineering error when designing the protocol They've issued a $100k bounty to any person or team that helps in returning the funds Harvest Finance has requested major exchanges such as Binance, to blacklist...

Oct 25 2020

Bitcoin (BTC) Held By Private & Publicly Traded Companies Hits $10.2B

Summary: 785,999 Bitcoin is held by private and publicly traded companies This translates to roughly $10.2 Billion using Bitcoin's current value at $13k Of this amount, 610,302 Bitcoin is held by publicly traded companies and 175,697 BTC by private companies BitcoinTreasuries.org is a website dedicated to tracking the amount of Bitcoin owned by notable companies, both private and publicly owned Ever since Square...

Oct 24 2020

The CME Bitcoin (BTC) Futures Market is Now the Second Largest

Summary: Institutional demand for Bitcoin is rising as CME BTC Futures are now ranked second The open interest of the CME Bitcoin futures eclipses that of Binance, Bitmex and even Bybit This is a sign of continual institutional interest in Bitcoin Outside of futures platforms, 785,999 BTC is currently held by publicly traded companies The demand for Bitcoin (BTC) has continued to spread...

Oct 22 2020

Bitcoin’s (BTC) Chances of Hitting $20k by End of 2020 Increases by 2%

Summary: The chance of Bitcoin hitting $20k or higher by the end of the year currently stands at 7% This is a 2% increment from the 5% probability witnessed back in late June Bitcoin's open interest on major exchanges such as Binance has seen a significant increment in the last 48 hours Bitcoin bull run is finally here with Paul Tudor Jones stating...

Bitcoin (BTC) Seems to be Decoupling from Stocks – Weiss Ratings

Quick take: The team at Weiss Crypto Ratings has pointed out that Bitcoin seems to be decoupling from the stock market This comes after Bitcoin broke both $12k and $13k in quick succession as the stock markets were stagnant The comments by Weiss echo those of Veteran BTC analyst, Willy Woo, who was of the same opinion back in September Bitcoin can very...

Oct 21 2020

PayPal & Paxos Partner to Bring Bitcoin & Crypto to 346M Users

Quick take: Paypal's US customers can now buy, sell and hold Bitcoin and other cryptocurrencies PayPal's 346 Million global customers will soon have access to similar services The move was made possible through a partnership with Paxos The latter company has built the platform that will power PayPal's cryptocurrency service Mike Novogratz of Galaxy Digital has called the Paypal news 'as the biggest...

Bitcoin Addresses in Profit hit new ATH of 30.4M as BTC Reclaims $12k

Summary: Bitcoin has comfortably broken the $12k ceiling With this move, BTC addresses in profit have hit a new all-time high of 30.4 Million It is still too early to comfortably declare that $12k is a new support zone for Bitcoin Timothy Peterson had forecasted that by November 30th, Bitcoin will be at $12k or above $12k could very well be a new...

Oct 20 2020

Bitcoin is a Scarce Asset That Should be Owned – MicroStrategy CEO

Summary: MicroStrategy CEO, Michael Saylor, has categorized Bitcoin as an asset and not a commodity He explains that commodities are abundant and should be traded Additionally, assets such as Bitcoin are scarce and should be owned His comments were as a result of Mr. Saylor pledging to convince the CEO of Hedeye, Keith McCullough, to reconsider his decision to sell all his Bitcoin...

Oct 18 2020

Ethereum’s Twitter Volume Increased by 54% in Q3 Due to DeFi – Report

Summary: Social media platforms such as Twitter, Reddit and Telegram can be used to gauge investor and trader sentiment in the crypto-verse According to the latest quarterly report by eToro, Ethereum's Tweet volume surged by 54% due to DeFi Similarly, Tron experienced a 228% Twitter growth due to DeFi However, Bitcoin still dominated in Q3 in terms of Twitter mentions Over the years,...

Bitcoin (BTC) Could Be Pulled Down By Weakening Stocks and Gold

In summary: Bitcoin is exhibiting a good level of bullishness above $11k However, Bitcoin's correlation to stocks and gold could be a bad thing with the US elections two weeks away A drop in the stock market and/or gold could mean a similar fate for Bitcoin in the short term The end of the weekend is once again upon us and so is...

ETH and BTC Locked in DeFi has Increased by 194% and 10,000% in 2020

Quick take: The amount of ETH and BTC locked in DeFi currently stands at $4.78 Billion This amount represents 43% of the total value locked in DeFi The number of ETH locked in DeFi has increased by 194% in 2020 The number of BTC locked in DeFi has increased by 10,000% The hype surrounding DeFi might have cooled off in the fourth quarter...

Oct 16 2020

10k Bitcoin (BTC) Left OKEx 48hrs Before Withdrawals Were Suspended

Quick take: Data from Glassnode shows that 10,000 Bitcoin (BTC) left OKEx 48 hours before withdrawals were suspended Approximately $2.3 Billion in Bitcoin is held in OKEx BTC wallets Whale Alert bot has flagged 5,000 BTC leaving OKEx and into Binance after withdrawals were suspended The events leading up to and after the suspension of crypto withdrawals at OKEx continue to create more...

Oct 13 2020

Crypto Analyst: 90% Chance Bitcoin (BTC) Never Closes Below $11k

Quick take: Timothy Peterson of Cane Island Alternative Advisors has given Bitcoin a 90% chance at staying above $11k Bitcoin's lowest price forward is $11,004 using Metcalfe's law Mr. Peterson has used Metcalfe's law to correctly forecast Bitcoin's price movement since 2018 He has predicted that Bitcoin will be valued at $12k by November 30th, 2020 In an October 11th Twitter thread, Crypto...

Oct 11 2020

MicroStrategy CEO: BTC Works if your Investment Time Horizon is 100yrs

Summary: MicroStrategy CEO, Michael Saylor, has pointed out that Bitcoin is a worthwhile investment for anyone playing the long game He pointed out that any asset can work if your investment time horizon is one year But Bitcoin works if your investment time horizon is one century In a recent tweet, the CEO of MicroStrategy, Michael Sayler, explained that Bitcoin was a long-duration...

Tron (TRX) is now Home to 3,000 Wrapped Bitcoin (BTC)

Quick take: There are now 3,000 Bitcoin (BTC) on the Tron blockchain BTCTRON is a type of wrapped Bitcoin on the TRON blockchain Bitcoin on the Tron blockchain is beneficial to yield farmers or those who want the value of BTC plus the efficiencies of Tron Tron founder and CEO, Justin Sun, recently shared a new milestone on the TRON blockchain in the...

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