Tag: xbtcusd

Aug 17 2022

Is the Bitcoin Stock Market Correlation Finally Ending?

The correlation between bitcoin price and the stock market has grown to new highs this year. As a result, the movements in the macro markets have had a great impact on the price of bitcoin, one of the reasons behind the recent decline in price. But as time has gone on, bitcoin has been working towards decoupling itself from this high correlation. Present...

Aug 15 2022

Here’s Why Scaramucci Expects Bitcoin Price To Reach $300,000 Before 2030

The market recovery has seen the bitcoin price reach higher highs than expected in the short term. This has come following the announcement that the inflation rate of the US is slowing down, and more investors are bullish once more in the market. But even as the price of bitcoin continues to rise, there is still much more bullishness for the future of...

Jul 25 2022

Bitcoin Addresses In Profit Falls Below 50%

The price of bitcoin has been fluctuating in the last week. Mainly the price has been growing, reaching one-month highs in the process. However, as the month of July is drawing to a close, bitcoin has begun to shed the gains it has made over the last week. This has brought the percentage of holders who are in profit down below 50%. Only...

Jul 18 2022

Bitcoin’s Recovery Signals The Start Of A Bull, But Is The Bottom Really In?

The new week has come with glad tidings for the price of bitcoin. After struggling to maintain above $20,000 for the better part of the last month, the digital asset has finally found some much-needed reprieve coming out of the weekend. This new upward trend has signaled some good things for the market going forward. However, the question still remains of whether the...

Sep 02 2021

Bitcoin Retests $50K Resistance, But Can The Bulls Hold It?

Sep 02 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin price btc btcusd btcusdt

Bitcoin has again climbed to retest $50,000. This comes after a previous unsuccessful attempt by BTC to settle above this price. The recent market run- up has now seen the asset trying to again test this point. As of the time of this writing, the price of bitcoin still sits above $50,000. A near $50,400 peak was seen with this recent rally at the...

Aug 26 2021

Milestone $188 Billion In Bitcoin Value Moves Across Network

Bitcoin has yet again broken another milestone. The pioneer cryptocurrency has seen the volume of BTC moving across its network increase exponentially. This time, the seven-day moving average of BTC volume on the network has broken a record. Volume from this shows that as of yesterday, $188 billion had been moved across the network. This means that approximately 20% of the Bitcoin market...

Aug 23 2021

Why Bitcoin’s $50K Break Positions It For New All-Time High

Aug 23 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin price btc btcusd btcusdt

Bitcoin is set for new records with its current movement. The digital asset has now broken $50K for the first time in three months. The last time Bitcoin was back in March/April. When the bull market was at its peak. Charging the price of BTC higher than investors had anticipated. This had set the asset on a path to breaking a new all-time...

Aug 10 2021

Crypto Market Gets “Greedy,” How This Could Impact Bitcoin

Bitcoin market sentiment has now skewed completely into the positive. The Fear & Greed Index had spent one of its longest stretch in “extreme fear.” Market sentiments were in the negative. This was due to the market crash that had occurred following the May price rally. The move of the index into greed could see the crypto market barreling upwards to create new...

Jul 27 2021

Crypto Market Breathes Sigh Of Relief, Bitcoin Rises From “Extreme Fear”

Jul 27 2021 Published at Bitcoinist.com under tags  arcane research bitcoin btc btcusd btcusdt

Bitcoin sentiment has now begun to move into the positive. The crypto market has recently been in one of its longest stretches in extreme fear recently. Now it seems there is light at the end of the tunnel as the market pulls itself out of extreme fear. This is in line with the recent price surge bitcoin experienced following the weekend upturn. Which...

Jul 16 2021

Major U.S. City Mayor Advocates Bitcoin As A Fix For Inflation

U.S. City Mayor Scott Conger recently posted on Twitter that his belief that Bitcoin will fix inflation. His tweet which called out the U.S. federal government consisted of a couple of questions for the government regarding inflation. And then ended with there being only one fix for inflation. Bitcoin. It’s no secret that the inflation rate for the U.S. has gone up tremendously...

Jul 09 2021

Apple Co-Founder Says Bitcoin Is A “Miracle,” It’s Better Than Gold

Jul 09 2021 Published at Bitcoinist.com under tags  apple bitcoin btc btcusd btcusdt

The co-founder of Apple, Steve Wozniak, continues to be bullish on bitcoin. Wozniak was at the Jalisco Talent Land 2021 digital event this year, where he called the primary cryptocurrency “the most amazing mathematical miracle.” The report from the...

Jul 08 2021

Senator Cynthia Lummis: Bitcoin Can Be The Standard

Senator Cynthia Lummis was on Bitcoin Magazine to talk about the digital asset in the United States. A panel named Bringing Bitcoin Innovation Home to America hosted the senator. The panel had both Senator Lummis and Rep. Warren Davidson who works closely with Lummis. Allan Stevo served as the moderator for the panel. Related Reading |...

Jul 06 2021

Bitcoin Volatility Drops To Lowest Level Since Bull Run Began

Jul 06 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt btcusdt. xbtusd

Bitcoin volatility levels have now bitten a new low since November 2020. Volatility in the market has seen a downward drop as the price of bitcoin has stagnated in the last few months. As bitcoin saw record highs at the start of the bull market, volatility had risen greatly. Speculations rocked the market and there was a high chance of bitcoin swaying in...

Ukranian Bank Monobank To Start Offering Bitcoin Trading

Ukrainian e-bank Monobank has expressed its interest in wanting to offer customers bitcoin trading by July. The bank has applied to the Bank of Ukraine to approve its application for a bitcoin debit card. This comes as the Ukrainian government progresses on crypto-related legislation. The announcement came from an earlier report which had cited the bank’s co- founder. Oleg Gorokhovsky who is the co-founder...

Jul 01 2021

George Soros’ Investment Fund Turns Its Attention To Bitcoin

Jul 01 2021 Published at Bitcoinist.com under tags  adoption bitcoin btc btcusdt george soros

A report from The Street has announced that George Soros’ investment fund will start actively trading Bitcoin. In the report, the firm reportedly received the nod of approval to start trading Bitcoin yesterday. The green light had come from Dawn Fitzpatrick. Who is the chief investment officer of the...

Jun 30 2021

On-Chain Data Shows Active Bitcoin Addresses Have Nosedived, But Why?

The number of active Bitcoin addresses has tanked. On-chain data currently shows that the number of active Bitcoin addresses has crashed over 50% in the past months. The number of active Bitcoin addresses during the height of the bull market surpasses one million. By the time Bitcoin hit its $64k all-time high, there were almost 1.4 million active addresses. This number is slightly...

Jun 25 2021

Athena To Install 1,500 Bitcoin ATMs In El Salvador

Athena has announced that it plans to install 1,500 new crypto ATMs across the country of El Salvador. It plans to do this ahead of the bitcoin law. The bitcoin law will go into full effect on September 7. Athena plans to invest $1 million into the project. This money will go to hiring new staff and towards the opening of an office....

Jun 24 2021

Is It Time To Sell Your Bitcoin? Jim Cramer Says It Is

Jun 24 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt btcusdt. xbtusd

Jim Cramer has disclosed that he has sold “almost all” of his bitcoin holdings. According to Cramer, he said the reason he sold was due to issues surrounding the asset. He cited the recent China crackdowns on mining as one of the reasons he got out. With the hash rate down, he didn’t see any reason the coin could recover....

Jun 23 2021

I’m Putting My Billion In Bitcoin, Billionaire Ricardo Salinas

Jun 23 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt ricardo salinas

Billionaire Ricardo Salinas talked with the director of Blockchain Land about his investment in Bitcoin. Salinas has said that he has 10 percent of his assets in bitcoin. Salinas is a staunch believer in bitcoin. One of the high- profile advocates of the coin with the bitcoin hashtag on his Twitter profile. He has always been an...

Jun 22 2021

Bitcoin Fundamental Tool Produces Worst Reading Since the Bull Run Began

Bitcoin has given the worst Puell Multiple since this bull run began. The coin has been on a downward spiral lately. News of crackdowns out of China. Miners having to find alternate locations for their activities. Mining facilities are airlifting their mining rigs out of China to the U.S. China also issued a ban on...

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