Tag: bitcoin (btc) news

Apr 17 2021

Bitcoin Whales Sold 50k BTC Worth $3B in the Last 5 Days

Bitcoin whales have sold roughly 50k BTC in the last 5 days This amount translates to roughly $3 billion The Bitcoin whales include those holding 100 - 10,000 BTC Bitcoin has entered what looks like a brief bearish window with $60k continuing to hold A breakdown of $60k could lead to accelerated of selling, and lower levels of support Bitcoin whales holding 100...

Apr 16 2021

Bitcoin (BTC) Dips to $60k as Turkey Bans Crypto as a Form of Payment

Turkey has announced a move to ban cryptocurrencies as a form of payment The Turkish Central Bank cites that cryptocurrencies can cause 'non-recoverable' losses due to their level of anonymity The crypto ban in Turkey begins April 30th Bitcoin has dropped from $63k to a local low of $60,050 as a result of the news The Turkish Central Bank has announced a plan...

Apr 15 2021

Bitcoin Could Be in the Greed Stage Based on High Leverage Being Used

Bitcoin's market could have entered the 'greed stage' based on the high leverage being used by BTC traders The amount of leverage has increased since February The weekly Bitcoin chart is hinting of exhaustion and a top might not be too far away The Bitcoin market might have entered the 'greed stage'. This is according to an analysis done by the CEO of...

Apr 13 2021

Bitcoin, Ethereum hit All-time Highs Ahead of Coinbase (COIN) Listing

Coinbase (COIN) is scheduled to be listed on Nasdaq tomorrow, April 14th Bitcoin and Ethereum have hit all-time high values $63,657 and $2,294 on the eve of the Coinbase listing BTC and ETH could keep climbing based on the significance of a crypto exchange going public The value of COIN will be a measure of how traditional investors view the crypto industry The...

Apr 11 2021

Bitcoin Whales Holding 100k+ BTC Increase to an 11 Month High

Summary: The number of Bitcoin whales holding 100k BTC or more has hit an 11 month high The whales now control 2.20% of Bitcoin supply up from 0.76% 11 weeks ago At the same time, smaller addresses of 1k - 100k Bitcoin have dropped The drop could be attributed to selling before BTC broke $60k Bitcoin could lose the $58k support zone during...

Apr 10 2021

Bitcoin OGs Stopped Dumping After Tesla Bought BTC – Analyst

In brief: Bitcoin long term holders, aka OGs, are no longer selling after Tesla bought BTC Bitcoin old hands are extremely strong and their lack of selling, points to new highs for BTC Bitcoin has since reclaimed $60k liquidating $550 million in shorts A new all-time high by Bitcoin might just be a few days away Veteran Bitcoin analyst, Willy Woo, has pointed...

Mar 27 2021

Bitcoin’s 30-Day Correlation with the S&P500 Reaches March 2020 Levels

In brief: Bitcoin's 30-day rolling correlation with the S&P 500 has increased to levels last seen in March and October of 2020 Bitcoin's correlations with gold, bonds and the dollar index (DXY) have decreased Bitcoin price is currently more influenced by the global macro events BTC is currently challenging gold as an ideal hedge against inflation Bitcoin's correlation with the S&P 500 has...

Mar 26 2021

Bitcoin Miners are Now Holding BTC, Uptrend Likely in April

In brief: Bitcoin Miners' Position Index (MPI) has been low since March 6th Bitcoin miners are now holding BTC rather than selling 90k Bitcoin options expired earlier today on Deribit, removing the anxiety of additional selling April could be a green month based on historical data Bitcoin miners are now holding their BTC rather than selling it in the crypto markets as witnessed...

Mar 25 2021

BTC Addresses Hodling 1 BTC or Less Have Been Stacking Since Mar. 2018

In brief: Bitcoin investors holding 1 BTC or less have continued to accumulate sats since March 2018 This group of Bitcoin investors has weathered the volatility for 3 years and now own 5.2% of Bitcoin's supply Holders with 0.1 to 1 BTC increased significantly after the Coronavirus dip of March 2020 Bitcoin holders owning 1 BTC or less, have been continually stacking sats...

Mar 24 2021

Bitcoin Paid to Tesla for Vehicles Will Be Retained as BTC – Elon Musk

Summary: Bitcoin is now a payment option when buying a Tesla Elon Musk has also clarified that the Bitcoin paid to Tesla will be retained as BTC and not converted to fiat Tesla accepting Bitcoin is a giant leap forward for BTC and digital asset adoption Bitcoin is once again above $55k and the Tesla news could provide some stability this week The...

Mar 23 2021

117k Bitcoin Quarterly Options Expire this Friday, March 26th

Summary: 117k Bitcoin Options expire this Friday, March 26th The maximum pain point for the expiry is $44k according to the team at Deribit Insights Bitcoin has lost the $55k support zone with $53k the level to watch moving forward A drop to $49k seems likely Bitcoin will undergo a big quarterly expiry of options this Friday, March 26th. According to data from...

Mar 21 2021

BTC Analyst: Fair Chance We Never See Bitcoin’s Market Cap Below $1T

In brief: Willy Woo has pointed out that only 7.3% of Bitcoin's supply has moved since BTC hit a $1 Trillion market cap Chances are, that the $1 Trillion market cap is supported by investors henceforth Bitcoin maintains a $1T market cap at $53,590 $55k is the level to watching during the weekly close Deribit Bitcoin options worth $5.7B expire next Friday and...

Mar 20 2021

Bitcoin is Now More Valuable Than a Kilogram of Gold

In brief: Bitcoin at a value above $58,400 is worth more than a kilogram of gold Bitcoin's market cap at over $1 Trillion has made it hard to ignore and could usher in a new phase of growth $55k is the level to watch during the weekly close News of Coinbase being fined by the CFTC might have a negative effect on Bitcoin...

Coinbase Ordered to Pay $6.5M by the CFTC for Wash Trading

Summary: The CFTC has ordered Coinbase to pay $6.5 million for 'false, misleading or inaccurate reporting and wash trading' Coinbase is also ordered to cease and desist from any further violations of the Commodity Exchange act The accusations center on trading activities on Coinbase between January 2015 and September 2018 The Commodity Futures Trading Commission has ordered Coinbase to pay a penalty of...

Mar 18 2021

$93M is All it Takes for Bitcoin (BTC) to Gain by 1%

In brief: Bitcoin is more sensitive than gold to inflows of fiat According to B0fA, a $93 million injection into Bitcoin would result in a price appreciation of 1% Gold would need $2 Billion to achieve a similar feat Bitcoin's price action is yet to be overheated on a fundamental level 1% of Stimmy Checks could send Bitcoin to $73k Large fiat investments...

Mar 17 2021

Cash App Users Can Send and Receive Bitcoin Within the App for Free

In brief: Users of Cash App can now send and receive Bitcoin to other users within the app without incurring transaction fees This means that they can send Bitcoin in a manner similar to sending fiat Such a move by Cash App is bound to increase the use and adoption of Bitcoin Retail investors bought more Bitcoin than institutions this quarter through Paypal...

Mar 16 2021

Bitcoin Could Dip Lower as Exchange Balances Increase in the Last Week

In brief: Data from Chainalysis suggests that Bitcoin balances on exchanges have increased in the last week This is as Bitcoin struggles to maintain the $55k support area An increase in Bitcoin balances on exchanges could hint of more selling pressure as seen with the $1 Billion BTC deposit to Gemini before the weekly close $52k and $48k provide the next level of...

Mar 14 2021

Barstool Sports’ Dave Portnoy Admits He ‘F*cked Up’ Selling Bitcoin

In brief: Barstool Sports' Dave Portnoy has admitted that he 'f*ucked up' when he sold his Bitcoin last year Mr. Portnoy explained that he could not handle the ups and downs of Bitcoin He added that he bet on himself and what he knew Crypto Twitter has lauded Portnoy for 'being man enough' to admit he was wrong Anthony Pompliano has advised Dave...

Mar 13 2021

First $1.2k Stimulus Check is Now Worth $10.2k If it Purchased Bitcoin

In brief: The first $1,200 stimulus check has appreciated to $10,278 if the recipient invested in Bitcoin The second $600 stimulus check has appreciated to $1,227 if it also bought Bitcoin The third round of stimmy checks is on its way with details of the rollout expected soon Chances are, recipients will buy Bitcoin and/or other digital assets Bitcoin could thus find the...

Mar 12 2021

Bitcoin Drops to $55k on News of the US CFTC Investigating Binance

In brief: According to Bloomberg, the US CFTC is probing Binance on whether it allowed US residents to trade derivatives on the platform Bitcoin took a $2k nosedive from $57k to $55k as a result March 12th might be a cursed date for Bitcoin as the Coronavirus dip happened exactly one year ago The US CFTC (Commodity Futures Trading Commission) is reportedly probing...

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