Tag: bitcoin (btc) news

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...

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....

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)...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

In brief: Bitcoin's monthly tweet volume has spiked to levels last seen in March 2018 December has seen roughly 1.3 million Bitcoin tweets Bitcoin tweets are surging and increasingly coming from unique users Bitcoin posted another all-time high of $29,300 with $30k within sights Bitcoin's fear and greed index continues to plateau above 90 with current levels at 95 Discussions surrounding Bitcoin on...

Summary: 2020 had the lowest amount of Bitcoin stolen through hacks and scams A total of 4,366 BTC was stolen and publicly reported This is a 92% drop from 2019 and an all-time low of 0.02% of the total supply Bitcoin investors and traders are getting smarter in terms of securing their investment A lower amount of Bitcoin was stolen this year through...

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...

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...

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...

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...