Tag: bitcoin price

Apr 13 2021

Bitcoin Price Breaches $61,000 Ahead of Key Inflation Figures; What’s Next?

Key Bitcoin Price Outlook The bitcoin price briefly surged above $61,000 on Tuesday. The climb surfaced as a part of an upside weekly session, as traders' appetite for safe-havens surged ahead of key US inflation data. Technically, the cryptocurrency shied away from confirming a price breakout to the upside. Bitcoin rallied above $61,000 on Tuesday. The flagship cryptocurrency's upside move was brief...

Apr 12 2021

What’s Driving Bitcoin Prices Today

Apr 12 2021 Published at CoinCentral under tags  bitcoin bitcoin price news

Bitcoin has experienced a major price jump this year; since April 2020, its price has risen by over 800 percent to reach the present valuation of $60,652 at press time. So what are the key drivers behind bitcoin prices today? Investors are not Selling A significant number of bitcoin investors are now holding bitcoin. Fewer are selling and this is offsetting selling pressure....

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...

Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case?

Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site Glassnode, miners are now making an...

Is Bitcoin Following S2F Model? How a $200K Top Could be in Sight

Apr 11 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin price btcusd btcusdt s2f

Is Bitcoin a commodity? It is, according to most regulatory agencies including the CFTC. But is Bitcoin a store of value (SoV) commodity? That seems to be the current consensus. Most of the investors are treating it as so, and calling it “Gold 2.0.” Well, if that’s the case, then Bitcoin should follow the stock-to-flow model. At least to...

Apr 10 2021

Bitcoin Funding Rates Hit Peak Amid Surge Above $60K, What’s Next?

Bitcoin price today broke out of its long consolidation phase between $58K- $60K to register a new monthly high of $61,276. The price has retraced back to $60,300 at the time of writing as funding rates have started to skyrocket....

Apr 07 2021

In Bullish Report, Bloomberg Predicts $400,000 Bitcoin Price In 2021

Apr 07 2021 Published at Bitcoin Magazine under tags  bitcoin price bloomberg markets

In its latest monthly “Crypto Outlook” report, Bloomberg outlined the “rising bitcoin adoption tide” with some bullish sentiment.On April 6, Bloomberg released the April edition of...

A Potential Bitcoin Price Explosion Above $60,0000 is Brewing; Here’s Why

Apr 07 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin price btc btcusdt paypal

Has the Bitcoin market topped out as traders constantly fail to achieve a breakout move above $60,000? Apparently, no....

12K BTC Moved Out of Coinbase, Can BTC Price Finally Cross $60k?

Apr 07 2021 Published at Coingape under tags  bitcoin news bitcoin price btcbrl btcbusd btcdai

The Bitcoin outflow from exchanges has continued despite the price consolidating between $58K-$60K. Today Coinbase registered another 12K BTC outflow worth $690 million during early hours. The outflow of BTC that too of such high value out of the exchanges occurs mainly for two reasons, either big whales are anticipating another bullish surge, or another The post 12K BTC Moved Out of Coinbase,...

Apr 06 2021

Top Bitcoin Influencer Closes Bullish Position on Price Dump Fears

Bitcoin risks falling below $50,000, according to a trade setup shared by Jonny Moe, an independent market analyst. The social media influencer, widely tracked by investors and traders in the cryptocurrency space, unveiled the bearish setup in a tweet published early Tuesday. He closed what he called "leverage...

Apr 05 2021

Editorial: MicroStrategy ($MSTR) Stock Price Up By 394% Since First BTC Purchase

MicroStrategy($MSTR), the business intelligence and software solution provider today...

Bitcoin Demand Soars in Turkey As Inflation Rises by 16%

Bitcoin trading volume in Turkey has registered a spike in the wake of the growing inflation rate in the country. The inflation rate of Turkey has risen by 16%...

Bitcoin Price Prediction – Is BITCOIN a good investment in 2021?

Bitcoin has been making headlines for an extended time. Contrary to events from 2017 when prices dipped heavily after reaching a milestone, this time BTC prices seem to have matured. For now, many analysts throw Bitcoin Price...

Apr 04 2021

Bitcoin Miners Net Position Turns Positive: Is A Rally to New Highs Overdue?

Apr 04 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin price btc btcusd crypto

After weeks of gut-wrenching volatility, the start of April has been much kinder to Bitcoin. Following a record-breaking $6.4b options expiry, Bitcoin’s price action has been far less volatile in the past...

Apr 03 2021

Bitcoin Consolidation between $55k-$60K Strongest Since $11K, $72k Next Target

Bitcoin price is currently moving just under $60K and a rally away from testing the previous ATH of $61,636. There has been a lot of bitcoin...

A Deep Dive Into Bitcoin’s Contango

Apr 03 2021 Published at Bitcoin Magazine under tags  bitcoin price contango, markets

The fact that bitcoin is trading in contango presents a remarkable investment opportunity and suggests hyperbitcoinization. But what is it?Bitcoin is trading in contango. But what does this mean?“Contango is a situation where the futures price of a commodity is higher than the spot price.” -...

Mar 31 2021

On-Chain Analysis: Analysts Predict BTC Won’t Revisit $46.8K Amid Correction Concerns

Bitcoin price registered a minor correction yesterday falling from above $59K to $57K levels which also led to liquidations of...

Breaking: Goldman Sachs All Set to Offer Bitcoin and Other Cryptos to its Wealth Management Clients

Goldman Sachs, the leading investment banking giant is all set to offer investment vehicles to Bitcoin and other cryptocurrencies to its wealth management client by the second quarter of 2020,...

Morgan Stanley Reportedly Set To Launch ‘Direct Ownership’ of Bitcoin For Clients

Morgan Stanley, the American banking giant is reportedly working towards rolling out "Direct Ownership" of Bitcoin for its wealthy clients within their wealth management platform. The set feature is expected to debut in 2-3 weeks' time. The said report also mentioned the bank is organizing weekly calls to educate its wealth advisors on Bitcoin. A The post Morgan Stanley Reportedly Set To Launch...

Mar 29 2021

ARK Invest CEO Cathie Wood On Bitcoin: "$1 Trillion Is Nothing"

During a recent panel discussion, Ark Investment’s Cathie Wood said that “$1 trillion is nothing compared to where [bitcoin] will ultimately be.”During a panel discussion hosted by the Chicago Board Options Exchange (CBOE) last week, CEO of investment management firm Ark Investment Management Cathie Wood shared some decidedly bullish sentiments about...

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