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...
As Bitcoin (BTC) continues to be in a bull trend, experts believe that it may be possible for it to reach $20,000 by the end of this year. […]
Bitcoin (BTC) continues to register new records this year. The virtual currency soared to $18,400, the highest price registered since early 2018. However, the cryptocurrency fell to $17,200 […]
You may have heard the term Bitcoin dominance several times from professional traders. What does it mean? It’s pretty simple. If you divide the total market capital of Bitcoin by the total market capital of all cryptocurrencies and multiply the value by 100, you get Bitcoin Dominance. You can find the dominance of any coin by doing the same step....
The last few days have seen a lot of talk going on in the cryptocurrency space. While the DeFi surge continues to happen, the big news was that PayPal was going to allow its users to buy, sell, and hold various cryptocurrencies in their PayPal account. Needless to say, such a move by one of the biggest payments processors in...
A century ago, Henry Ford, the great entrepreneur, envisioned the development of an “Energy Currency” to substitute for gold. Ford’s goal was to end wars which he reasoned were centered around the control of money. Ford’s vision for an energy currency was that, unlike gold, it could not be controlled. Every country could issue currency backed by the natural wealth of its energy...
Fundamentally, the past few weeks have not been so good for cryptocurrencies. The whole crypto ecosystem has been facing a lot of Fear, Uncertainty, and Doubt (FUD) due to the few events listed below: Exchange hacks After the $2 billion Mt. Gox episode a few years ago, many cryptocurrency exchanges had already learned their lesson, particularly with tightening their security measures or revamping...
Investors were able to get 18% returns during the third quarter of 2020 on their Bitcoin (BTC) investment. This is despite the current pandemic and the negative effects […]
Binance Coin price seems to be flouting the complete cryptocurrency market as it is one of the coins that has slightly recovered in the last 30 days from the most recent crash while big coins like Bitcoin and Ethereum were struggling. At the time of writing this, the Binance coin price is...
Gold is climbing again after some U.S. dollar weakness today. The price of Gold is also heavily influenced by the European Central Bank policy decisions after an announcement this Thursday about keeping the interest rates unchanged. Gold is currently trading at $1,947 and it's inside a daily symmetrical triangle. [caption id="attachment_77550" align="alignnone" width="2223"]...
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