Tag: xbt

Oct 26 2020

Decoupled: Analyzing Bitcoin Diverging Away From the Stock Market

Oct 26 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin price this week surged by over $1,000 in a single day, taking the cryptocurrency hurdling toward 2019 highs. At the same time, the stock market that's traded lock and step with the crypto asset all throughout 2020, dropped hard. The phenomenon is something top crypto analysts had called for, who now expect Bitcoin to break out into a bull market. But before...

Oct 23 2020

Bitcoin Remains The Best Protection Against A “Devalued Dollar”

Oct 23 2020 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdc

During a time when money has become more difficult to come by for many, and the fiat monetary system is on the brink of collapse, Bitcoin might be the best chance at protecting wealth. One CEO of a risk management firm that educates investors on how to protect capital, claims that the leading cryptocurrency by market cap "remains the best short-term macro correlation"...

Oct 21 2020

Nearly 99% Of Bitcoin Ownership Has Been Profitable, Data Reveals

Oct 21 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin is the best-performing mainstream asset in 2020, next to stocks, gold, and anything else. But according to new data, owning the top crypto asset by market cap at any point in nearly 99% of its existence would have resulted in profitability. Here's how high the price of Bitcoin will need to reach before it reaches 100% profitability once again and what that...

Oct 20 2020

Always On: Bitcoin To Surpass S&P 500 Trading Time Within Two Years

Oct 20 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Recently, the discussion around Bitcoin "maturing" and becoming a respected mainstream asset, has prompted comparisons to the stock market, gold, currencies, commodities, and more. One notable difference between the stock market and Bitcoin is that the crypto market is always on, and because this exists, the leading cryptocurrency by market cap will have traded more hours than the S&P 500 since its debut...

Oct 16 2020

Google Finance Now Lists Bitcoin First Ahead Of Top Forex Currencies

Oct 16 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin is maturing, suddenly becoming a respected asset that institutions, hedge funds, and even corporations are considering. The cryptocurrency shares many similarities with gold, giving it the attributes of a commodity, yet works equally as well as a currency. Due to this, Google Finance lists Bitcoin alongside of a batch of top forex currency trading pairs. However, at some point, Bitcoin quietly moved...

Oct 15 2020

This Ongoing Bitcoin Wallet Hack Has Stolen $22 Million In BTC

Oct 15 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt cypto

Regulation has started to sweep the crypto market, starting with Bitcoin derivatives trading platform BitMEX being targeted by the CFTC and the DoJ. These US government agencies seek to put a stop to market manipulation, exchange hacks, and much more. However, there’s an ongoing Bitcoin wallet hack that regulators can’t do a darn thing about that has since stolen a total of $22...

Oct 14 2020

Supply Shock: Lost Or Held Bitcoin Are Now Outpacing New Circulating Coins

Oct 14 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin is once again trading above $11,500 after a retest of $10,000 was quickly bought up. A variety of factors are beginning to have an influence over supply and demand, and appear to be tipping the scales in favor of price appreciation. One specific metric could be particularly crucial to the increase in value recently, and it could be causing demand to far...

Oct 13 2020

Taking Out $12K Leaves “Clear Skies” For Bitcoin To Set New 2020 High

Oct 13 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin price is currently down nearly $400 from yesterday's highs in a flash, after coming close once again to the $12,000 resistance level. According to a crypto analyst referencing on-chain analytics, once $12,000 is broken through cleanly by bulls, there's "clear skies" above that until $16,500 – which they claim is just a minor "speed bump." Technical analysis also demonstrates just how...

Oct 12 2020

Why a “Blue Wave” Biden Win Could Be the Best Scenario for Bitcoin

Oct 12 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdc btcusdt xbt

In a new note to investors, Goldman Sachs projects "low odds" that the dollar will close the year on a high note, chiefly due to a potential "blue wave" win where Biden sweeps the vote. These poor conditions for the greenback, however, is a best-case scenario for Bitcoin, which could benefit enormously if Democrats take office. How a Democratic Victory & Joe Biden...

Oct 08 2020

The Dollar Is Building Bullish Momentum As Bitcoin’s Wanes

Oct 08 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin price just pumped following news that Square made a massive purchase in BTC, however, the dollar regaining momentum as the top cryptocurrency's wanes, could soon suggest a pullback and a better buying opportunity for the major payments corporation. Here's what inversely correlated technicals are saying about the two vehemently opposed currencies. Why The Dollar's Rebound Threaten's Bitcoin's Bull Run...

Oct 06 2020

Beware: Bullish Bitcoin Case Could Be Due To CFTC Scramble

Oct 06 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

A new narrative has suddenly spread across the crypto market potentially presenting a bullish case behind Bitcoin's recent resiliency. The reason? A possible retail buying frenzy in China spurred by the Chinese government themselves. While the idea is plausible, and the crypto asset failing to return under $10,000 could back up the theory, analysts could be overlooking another clear reason for a sudden...

Oct 05 2020

Will Bitcoin Suffer or Soar at the Sting of the Stock Market “Coiling”?

Oct 05 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin is possibly on the brink of a new bull run, yet a sudden and unshakable correlation with the stock market keeps getting in the way. With a potentially rocky Presidential election ahead and the pandemic still a critical factor, analysts say the stock market is "coiling," ready to release pent up energy in one direction or the other. The longer this sort...

Oct 02 2020

The Many Reasons British Politician Godfrey Bloom Is Buying His First Bitcoin

Oct 02 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt btcusdtc

This week, former British politician, author, and more, Godfrey Bloom revealed his plan to buy his first Bitcoin. But why? Here are the three primary reasons that the former parliament member would consider investing in the leading cryptocurrency by market cap. Who Is Godfrey Bloom, And Why Did He Decide To Buy Bitcoin?...

Oct 01 2020

One Threat Could Overturn Overwhelmingly Bullish Bitcoin Sentiment In Q4

Oct 01 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin just closed its best third quarter on record and only one of three quarterly closes above $10,000. It has set the crypto market on fire recently with overwhelmingly bullish sentiment heading into Q4. But bulls must be careful of a looming threat to the crypto market that could send Bitcoin back into bearish territory and put it at risk of a steeper...

Sep 30 2020

Hold Or Hoard: Data Shows Staggering Amount Of Bitcoin Supply Hasn’t Moved In Several Years

Sep 30 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin is the entire reason that the term "HODL" was coined, no pun intended. The phrase "hold on for dear life" may have been taken too much too heart, with more than half of the total BTC supply locked away dormant in a wallet for a year or more. Are these committed long-term holders, hoarders, or is something else going on? We're looking...

Sep 29 2020

This Unusual Bitcoin Adoption Metric Sets New ATH

Sep 29 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin price is as healthy as ever, remaining over $10,000 for its longest stretch yet. Supporting that healthy price action could be an adoption measuring metric reaching an all-time high record. And with the metrics turning its trajectory upward, it could suggest that the cryptocurrency's valuation will soon follow. Here's why. Bullish Bitcoin Price Action Potentially Fueled By Underlying Network...

Sep 28 2020

Bitcoin and Gold “Miners Multiple” Points To Drastically Different Price Peaks

Sep 28 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdc btcusdt gold

Throughout history, the story has always been about silver and gold. But since Bitcoin was born, gold now has to compete with a better-built, digital counterpart. The arms race for the fastest-growing safe haven asset is on, and currently, Bitcoin is in the lead despite such an enormous head start by the precious metal. That's also likely to continue, according to a mathematic...

Sep 25 2020

Expert Expects Bitcoin “Decoupling” From Stocks But Not For The Reason You Think

Sep 25 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

All throughout 2020 Bitcoin price has been unusually correlated to major US stock indices such as the S&P 500. And with stocks at risk of another Black Thursday like plunge, analysts fear that it could once again take cryptocurrencies down with them. One Bitcoin expert, however, expects the cryptocurrency to soon "decouple" from traditional markets, but its likely not for the reasons you...

Sep 24 2020

Max Keiser Reports Bitcoin “Relative Strength” Is Good As Gold

Sep 24 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin price may have snapped back below $11,000 and is struggling to maintain the all-important support level of $10,000, however, its showing more "relative strength" than gold currently. That statement is from outspoken crypto bull Max Keiser, who in the past has predicted the leading cryptocurrency by market cap will reach prices of $400,000 or more. Is Keiser correct, or is the Bitcoin...

Sep 23 2020

How the Dollar’s Fall from the Top Could Fuel the Future of Bitcoin

Sep 23 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin was built and designed to be directly opposed to the dollar in every way. In a sense, it is its destiny to trade against the dollar until it meets its untimely demise. That demise could very well be beginning thanks to the pandemic, and its fall from glory could also fuel a future where Bitcoin takes its throne. Here's what that could...

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