XRP, the 4th cryptocurrency by market capitalization has seen an uptrend since April 4th, reaching its highest point since 2018 as the company that created it continues to score legal wins against the Securities and Exchange Commission in court. XRP experienced a rally over the weekend, reaching a value as high as $1.61 today after [...] The post XRP Continues to Soar as...
In an interview I moderated at Real Vision’s “Crypto Gathering,” Peter L Brandt, veteran trader and publisher of the Factor Report, and Willy Woo, prominent on-chain Bitcoin analyst and author of the “The Bitcoin Forecast,” a market intelligence newsletter, discuss Bitcoin charts, trading, and how Bitcoin is evolving as an asset. They cover:...
The programmatic reduction in block reward creates a self-fulfilling prophecy of extremely bullish price action.When bitcoin was first introduced, it had little to no value. Early adopters traded thousands of bitcoin for just a few dollars, until the infamous “Pizza Day” incident when Laszlo Hanyecz paid 10,000 BTC for two large pizzas, setting in motion a chain of events that lead to...
XRP, the 6th biggest cryptocurrency by market capitalization, has recovered from the drop in value caused by the Securities and Exchange Commission’s (SEC) lawsuit back in December of 2020, reaching its all-time high of the last 2 years. While the coin had been gradually gaining value over the last month, it had failed to surpass [...] The post XRP Reaches Its Highest Value...
A flurry of bad news about exchange inflows and an India-wide crypto ban has apparently caused a dip in Bitcoin prices. Market data, though, suggests that the drop was caused by over-leveraged longs. Incoming India Ban May Affect Trading On Sunday night, Reuters...
As Bitcoin’s price rose to an all-time high, South Korean cryptocurrency exchanges have officially surpassed the value of the countries stock market while Bitcoin becomes the best performing asset of the last decade. The leading cryptocurrency has reached a market capitalization of about $1.1 trillion after experiencing a surge in its value that saw it [...] The post Cryptocurrencies Continue to Grow in...
Despite the recent bitcoin sell off, there are several very bullish on-chain indicators showing HODLers are accumulating through this dip.At the time of this writing, bitcoin’s price is in the midst of a consolidation that has lasted almost two weeks, currently sitting at $47,200. One of the most important data points that can be used to generally call bottoms of corrections is...
For the first time ever, top cryptocurrency Bitcoin has rallied above $50,000, setting a new all-time high as well as drawing the digital asset's market capitalization closer towards attaining the $1 trillion mark. Bitcoin, the world's biggest cryptocurrency, recorded a new high of $50,350. Since hitting the new ATH, BTC has dropped a bit and is now...
The total market capitalization of the cryptocurrency market reached an all- time high of $1.44 trillion early on February 10th, 2020 as interest in cryptocurrencies and blockchains continues to increase. Bitcoin’s value soared on February 8th as news of Tesla’s acquisition of $1.5 billion in Bitcoin were published by major news outlets, which in addition to [...] The post Total Crypto Market Cap Surpasses...
Willy Woo, a prominent on-chain Bitcoin analyst and author of the “The Bitcoin Forecast,” a market intelligence newsletter, explains the parabolic activity of Bitcoin in the past month. We cover: why he thinks Bitcoin has more than doubled in the last month...
Those with a keen interest in bitcoin are accustomed to dealing with large numbers. A fixed monetary supply of 21 million, 18.5 million of which has already been generated; 100 million satoshis per coin; a market cap of over $600 billion driven by a 9,000,000% rise in value in the 2010s. On and on it [...] The post Three Significant Bitcoin Price Predictions...
With bitcoin (briefly) passing $40,000 for the first time, the question becomes: Can it keep going or is a reset necessary?
The S2F Model (Stock-to-Flow model) has been extremely accurate to predict Bitcoin price action. This is according to Konstantin Anissimov, the Executive Director at CEX.IO. During a conversation […]
All vital statistics favor bitcoin continuing to set new all-time highs in price. But not only has the $20,000 price level been reached; Bitcoin is likely to go much higher altogether. Weak hands and scalpers squeezing every dollar out of their position are now being left behind as bitcoin keeps trending higher. The Case For $20,000-Plus Bitcoin It is pertinent for everyone to...
The cryptocurrency landscape has been obsessed with the famous bull run of Winter 2017, but as bitcoin has surpassed its all-time high price of $19,655, the world of crypto may be venturing toward uncharted territory. There are many factors that went into the mix in creating the right environment for bitcoin to surpass its highs of 2017. The COVID-19 market crash during...
Bitcoin has hit a new all-time highest price relative to USD as listed on Bitstamp, eclipsing its previous high of $19,666.00 set on the exchange on December 13, 2017. The specific price of BTC relative to fiat currency at any given time depends on the rate set by specific exchanges, and the listed all- time high price or price at any given time...
Blockchain is one of the latest disruptive technologies. With many use cases for this tech, the most famous use case is financial transaction. Many investors don’t really care about the underlying tech as long as they continue making money. Bitcoin is one such asset based on blockchain which is quite complicated for many to understand, yet we see daily increases in the number...
Today marks a momentous day for Ethereum, as it managed to break the essential psychological price of USD 500 within the past hour. This year was a colossal year for cryptocurrencies: increased interest by tech entrepreneurs, improved knowledge of the cryptocurrency market...
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