Tag: xbt

Apr 16 2021

Why Jim Cramer Could Regret Selling “Phony Money” Bitcoin To Pay Off Mortgage

Apr 16 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt cnbc

Coinbase Global just launched this week, Bitcoin set a new all-time high, and crypto markets are on fire like never before. Why then has CNBC's Jim Cramer chosen now to cash out his coins and pay off his real-life mortgage with what he calls "phony money?" Also why the low blow to Bitcoin after a successful...

Apr 14 2021

By The Numbers: Here’s How Much MicroStrategy Has Made On Bitcoin

Apr 14 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Today more so than ever before, Bitcoin is currently the talk of the world of finance thanks to Coinbase going public. But it was actually another publicly- traded company that kicked off the bull market in cryptocurrencies. That effort was led by Michael Saylor and the courageous board members of MicroStrategy, Inc. Here's a look back at the milestone moments from the Nasdaq-listed company,...

Apr 13 2021

Daily Bitcoin Transaction Volume Thriving, Nears Milestone $10 Billion

Apr 13 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is booming but there's still the same old argument that remains: "nobody uses the top cryptocurrency for actual transactions." While the claim has long been solid due to the asset acting more so as a store of value, daily transaction volume has also been soaring, nearing a milestone $10 billion. Here's a closer look at how the ecosystem is thriving...

Apr 12 2021

Easy As Pi: Bitcoin Indicator Says The Top Is In

Apr 12 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price has finally closed a weekly candle over $60,000 on Binance for the first time in the asset's history, marking the highest weekly close ever. However, just as such a moment is realized, a highly accurate top-sniping indicator with a three for three success rate has called the top of the current crypto market cycle. But could picking the top in the...

Apr 09 2021

Bank Begins Blocking Shares Of Companies Who Buy Bitcoin

Apr 09 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

At the height of the last so-called Bitcoin "bubble" banks began feeling the crunch of coming competition and began blocking transactions related to "virtual currencies." But as we've seen as of late, banks are finally coming around along with the rest of the finance world. However, not all banks are hopping on the bandwagon, and others are back to their old bag of...

Apr 08 2021

Stock-To-Flow Creator: Bitcoin Cycle “Nowhere Near The Top”

Apr 08 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price still can't crack back above $60,000 and prices are slowly moving downward. And while the creator of the popular stock-to-flow model agrees there's no avoiding regular corrections in the leading cryptocurrency, the top of the current cycle is "nowhere near." Here's a closer look at why the model's creator is so confident in further price appreciation, along with a technical...

Apr 07 2021

Bitcoin Bulls Risk Losing Uptrend Line From Sub-$20K

Apr 07 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is back under $57,000 after losing an important trend line that has supported the cryptocurrency's now historic uptrend. The critical uptrend line began just after the leading cryptocurrency by market cap cracked back above $20,000 for the first time, and it never looked back since. Losing such a line, however, could lead to the first extended return to prices previously traded...

Apr 06 2021

Bitcoin Miners Dumping Half A Million BTC Couldn’t Dent Bull Rally

Apr 06 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is still fighting to break back above $60,000 per coin, but things could push higher according to miner behavior. After dumping more than a half a million BTC on the market during the bull rally, and barely being able to make a dent in terms of price decline, miners might have finally given in and started holding their coins for the...

Apr 05 2021

Data: Bitcoin Bull Run May Be Less Than One-Quarter Complete

Apr 05 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price continues to struggle with resistance above $60,000, but data suggests it is refueling for a much larger move higher. In fact, the same data could point to the current bull run only being roughly one-quarter or less of the way through to completion. There's also a chance that the cryptocurrency bull run is only just getting started, making potential targets as...

Apr 02 2021

Bitcoin Bandwidth: The Biggest Move Of 2021 Is Near

Apr 02 2021 Published at Bitcoinist.com under tags  bitcoin bollinger bands btc btcusd btcusdt

Bitcoin price is still consolidating below the asset's current all-time high of $61,800 per coin. The leading cryptocurrency by market cap, however, could be about to make another enormous move. According to Bollinger Band Width, volatility is about to erupt. In the past, its resulted in substantial moves to the upside. However, these moves have been decreasing in size, increasing the odds for...

Apr 01 2021

Technical Signal Suggests Gold Is Ready For Revenge Against Bitcoin

Apr 01 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The digital gold narrative and fears of hyperinflation looming as the economy weakens and more fiat money is printed, has driven Bitcoin to incredible heights and done so quickly. But considering the cryptocurrency's history of frightening drawdowns, things could turn at a moment's notice. One sign that Bitcoin could soon be in some trouble comes from the cryptocurrency's trading pair against gold, which...

Mar 31 2021

Coffee And Crypto: Newsletter Morning Brew Boots Gold For Bitcoin

Mar 31 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

As part of the continued demonization of gold at the hands of Bitcoin, the precious metal that was once the hard money standard has received the boot from popular daily email newsletter Morning Brew. Due to the rising popularity of Bitcoin, gold has been completely replaced with a price ticker instead for the leading cryptocurrency by market cap. Here's why this is such...

Mar 30 2021

The Dollar Regains Lost Ground, But Bitcoin Yet To React

Mar 30 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is once again approaching current record highs, and now that the momentum is back in favor of bulls, new all-time highs could soon be just ahead. While this is mostly nothing new for the leading cryptocurrency by market cap, the recent rally back to local resistance has happened all while the dollar has strengthened significantly. What exactly does this mean for...

Mar 29 2021

Thumbs Down: Instagram Influencer Scams Followers Out Of Millions In Bitcoin

Mar 29 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin crime btc btcusd btcusdt

By the way of network effect, each new market cycle brings more and more attention to Bitcoin. The price per coin rises as more investors pile in looking for a piece of the profits the cryptocurrency is known for providing over the years. At the same time, however, it also attracts more criminals, scammers, and crooks to the cryptocurrency space. The scammers aren't...

Mar 26 2021

How Buying A Tesla With Bitcoin Is A Catch-22

Mar 26 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

This week the crypto market went nuts when Elon Musk revealed his company began accepting Bitcoin as a form of payment for any Tesla model. While this caused prices to initially soar, reading the fine print reveals a bit of a catch-22 situation for anyone who uses the cryptocurrency to pay. Here's what you need to be aware of if you're considering spending...

Mar 25 2021

The Dollar’s Role In The Bitcoin Bloodbath Explained

Mar 25 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin is back trading at prices it began the month at, wiping out most of the current monthly candle. Ahead of a dangerous quarterly close, and amidst several bearish signals in the top cryptocurrency, the dollar is currently regaining strength and is a large factor in the recent market-wide selloff. Here's a closer look at how the dollar is impacting Bitcoin's bull run,...

Mar 24 2021

Father And Son Finance Figures Exchange Blows Publicly Over Bitcoin Bet

Mar 24 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin and the asset class of cryptocurrencies, despite increased acceptance and adoption, are a polarizing subject. These technologies are either lauded as the future of finance, while others call it a bubble, a Ponzi scheme, and much worse. A recent battle between a well-known father and son duo in the finance space, has spilled into a public platform for the entire world to...

Mar 23 2021

Bitcoin Weekly Momentum Indicator Flips Bearish For First Time Since 2020

Mar 23 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is back in the mid-$50,000 range, after several rejections from resistance at above $60,000 per coin. A visit to support levels to test demand much lower might soon become a reality now that a technical indicator measuring momentum has flipped bearish for the first time since 2020. Here's what this could mean for the leading cryptocurrency by market cap's current bull...

Mar 22 2021

A Decrease In Bitcoin Whales Suggests A Bear Market Is Due

Mar 22 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is sinking slowly from highs set over a week ago now, and bullish momentum is showing signs of waning. The peak of the bull market isn't expected by most analysts for some time, however, a sizable reduction in BTC wallets with a balance of 1K or more coins, could be signaling a bear market is coming sooner than they expect. Here's...

Mar 19 2021

This On-Chain Metric Says Bitcoin Risk Is The Highest In Three Years

Mar 19 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is trading well above $58,000 currently and is arguably only just beginning its bullish impulse. Prices are expected to reach hundreds of thousands per coin, and while few deny that outcome, it might not arrive as soon as some investors think. According to a de-facto on-chain tool for timing local tops and bottoms, Bitcoin risk is now at the highest potential...

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