Tag: bitcoin (btc) general news

Jan 17 2021

Crypto Fear/Greed Index Drops Below 80, the First Time Since Nov. 2020

Quick take: The Crypto Fear and Greed index has dropped below 80 for the first time since November 5th, 2020 It had more or less plateaued above this value for close to 2.5 months A drop in the index could be the first signs of a Bitcoin and Crypto market cool-off Bitcoin faces the weekly close that could see the crucial $30k support...

Jan 16 2021

Bitcoin Has Been the Best Performing Asset in 6 of the last 11 Yrs

Quick take: Bitcoin has been the best performing asset in 6 of the last 11 years Pantera Capital CEO has pointed out that a cryptocurrency has been the best performing asset in 9 of the last 11 years Bitcoin is once again battling to stay above $35k Bitcoin is still in a bull-trend given that Deribit has just added the $400k strike in...

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...

Yearn Finance (YFI) is 700x Scarcer than Bitcoin – Crypto Analyst

Quick take: The supply of Yearn Finance (YFI) is 700 times lower than that of Bitcoin Like Bitcoin, YFI is valued at the $30k area with a current value of $32,300 The project has lately merged or partnered with several DeFi projects Yearn Finance is a DeFi project to watch moving forward The digital asset of Yearn Finance (YFI) is scarcer than Bitcoin....

Jan 14 2021

Bitcoin Retests $40k as Grayscale Adds 2,172 BTC to its Bags

Quick take: Bitcoin's $30k - $32k held Bitcoin has just retested $40k and looks ready to push further This comes after Grayscale added 2,172 BTC to its bags in the last 24 hours Institutional buying of Bitcoin is back in high gear with the new year However, a move back down by Bitcoin cannot be dismissed The King of Crypto - Bitcoin (BTC)...

Jan 13 2021

Bitcoin (BTC) Held on the Gemini Exchange has Doubled Since Jan. 2019

Quick take: The amount of Bitcoin held on Gemini has doubled since January 2019 Gemini now has over $10 Billion in total crypto under custody Gemini exchange continues to grow with the exchange experiencing its highest trade volume on January 11th Tyler Winklevoss believes that Bitcoin could push back to $41k The amount of Bitcoin (BTC) held at the Gemini exchange has doubled...

Bitcoin’s $30k – $32k Level Should Hold due to Institutional Investors

Quick take: CryptoQuant CEO forecasts that $30k - $32k should hold because most institutional investors bought Bitcoin around these levels He cites the January 2nd outflow from Coinbase when BTC was around this price area However, he cautions that his analysis is a 'speculative guess' Bitcoin's recent crash was most likely accelerated by Coinbase going down The CEO of CryptoQuant, Ki Young Ju,...

Jan 12 2021

Bitcoin (BTC) Could Reclaim $38k then Slow Down – Report

Summary: Bitcoin fell from $41k to $30,300 in less than 48 hours This is a drop of over $10k or 26% Bitcoin has since rebounded and rejected at the $36,600 price area However, $38k could be possible after which Bitcoin's bullish momentum will slow down This past week's weekly close will go down in history as one of the largest drops of Bitcoin...

Jan 10 2021

Total Value Locked in DeFi Hits New All-time High of $23.12 Billion

Quick take: The total value locked in DeFi has just hit a new all-time high of $23.12 Billion This value is attributed to both Ethereum and Bitcoin gaining value in the crypto markets At the same time, the amount of ETH and BTC locked in DeFi seems to be decreasing This could be attributed to ETH and BTC investors selling their bags as...

Buy Bitcoin, Biden to Start Printing Money – Rich Dad, Poor Dad Author

Summary: Robert Kiyosaki has recommended investors to buy Bitcoin He cites that the Biden administration will print more dollars to stimulate the economy He also expects the rules to change at the Federal Reserve thus facilitating additional money printing Bitcoin has been consolidating between the $40k and $41k price level over the weekend and the weekly close will determine its next move The...

Jan 09 2021

Bitcoin (BTC) Active Addresses Hit a Record High of 1.34 Million

Summary: The number of active Bitcoin addresses recently hit an all-time high of 1.34 million This amount is higher than the 1.29 million experienced on December 14th, 2017 Bitcoin is attempting to turn the $40k price area into support BTC is in overbought territory but $50k looks like the next stop A push above $50k is probable for Bitcoin The number of active...

Jan 08 2021

Bloomberg Report: $50k May Be Bitcoin’s Next Stop with a Base at $20k

Summary: $50k may be Bitcoin's next stop Bitcoin's old all-time high of $20k is now its base Bitcoin is attracting traditional gold investors as it is the digital version of the precious metal Bitcoin as an asset is maturing as seen through accumulation and a reduction of the premium rate on GBTC The team at Bloomberg have released their 2021 January crypto outlook...

Jan 07 2021

Bitcoin (BTC) has a 9% Probability of Exceeding $100k by Sept. 2021

Summary: Bitcoin has a 9% probability of exceeding $100k by September 2021 This is according to options prices on the various derivatives platform Deribit has introduced a December 2021 Bitcoin options contract with a $200k strike price Bitcoin is a few hundred dollars away from $40k BTC has proven resilient amidst uncertain times in the US Bitcoin (BTC) has a 9% probability of...

Jan 06 2021

Ethereum Classic (ETC) Will Surge Past $7k in the Next Decade – Report

Summary: With Ethereum migrating to a PoS network, Ethereum Classic will be the choice PoW platform with smart contract capabilities ETC's recent 51% attacks have only made it stronger with new upgrades Ethereum Classic has a capped supply just like Bitcoin If Bitcoin's market cap hits $3 Trillion, ETC's will be around $1.5 Trillion or around $7,100 per ETC Last year, the digital...

Altseason Depends on Bitcoin’s Dominance Not Exceeding 73% – Analyst

Summary: Bitcoin's dominance tested 73% on January 3rd This level was last seen in September of 2019 and is a crucial resistance area If Bitcoin pushes above this level, altseason will be postponed Conversely, if Bitcoin corrects and fails to break the 73% dominance, alts might just thrive The King of Crypto, Bitcoin (BTC), has just set a new all-time high value of...

Bitcoin Analyst: A BTC Pullback Might Happen at the $36k Area

Summary: MagicPoopCannon has highlighted $36,200 as a possible pullback zone for Bitcoin He explains that Bitcoin's parabolic move could be 'running out of gas' If a rejection occurs at $36,200, the 10 week MA could provide some support at $22k If a correction happens at $36k, it will be temporary and Bitcoin will go on to test $80k - $90k levels Veteran Bitcoin...

Jan 03 2021

Bitcoin Analyst: We’ll Never See $20k BTC Again

Summary: Willy Woo has forecasted that we'll never see a $20k Bitcoin again $24k is Bitcoin's new floor and reachable through a 'black swan' event Mr. Woo also suggests that Bitcoin has 'free and unrestrained price discovery above ATHs' Bitcoin has set a new all-time high of $34,822 - Binance rate There is now a $3,600 CME gap due to the weekend rally...

I Don’t See LTC Having Properties to Accelerate Adoption – Novogratz

Summary: Mike Novogratz does 'not see Litecoin having any properties that will accelerate adoption' He recommends longing Bitcoin, Ethereum and some 'cool DeFi projects' His comments were in reference to a tweet that projected Litecoin thriving with XRP and privacy coins out of the picture Litecoin has since broken the $150 price ceiling and could attempt $200 in the weeks to follow In...

Jan 02 2021

Bitcoin’s Price Increased by 168.78% in Q4 of 2020

Quick take: Bitcoin experienced 168.78% returns in Q4 2020 Q4 of 2020 was the second most profitable quarter in Bitcoin's history, second to Q4 of 2017 Bitcoin's value has increased in every quarter since Q2 of last year Only Q1 of 2020 had negative returns Bitcoin has kicked off 2021 in high gear setting a new all-time high today, of $32,310 - Binance...

Bitcoin Ends 2020 On a High Note in Terms of Active BTC Addresses

Summary: December 30th and 31st saw the highest number of active Bitcoin addresses since January 2018 Bitcoin has since posted a new all-time high of $29,900 $30k might provide volatility as pointed out earlier by Timothy Peterson The path of least resistance is up for Bitcoin although it is clearly overbought The King of Crypto, aka Bitcoin (BTC), closed 2020 on a high...

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