Tag: bitcoin price

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...

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....

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...

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 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...

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....

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...

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

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,...

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...

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

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 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...

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...

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...

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.” -...

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

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, 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...

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...