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Bitcoin Rallies Towards $24,000 as Market-Wide Uptrend Continues

Bitcoin saw a massive surge higher earlier today that allowed it to break above $24,000 for the first time Where the aggregated crypto market trends in the mid-term may depend largely on whether or not buyers can flip $24,000 into a support level It does appear that the selling pressure just above here is quite intense and may cause it to see continued weakness One trader is now pointing to the resistance just above where […] дальше »

2020-12-20 21:09

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Goldman Sachs On Why Bitcoin And Gold Can Coexist

Leading global investment bank and financial services provider Goldman Sachs said that Bitcoin’s spectacular rally in 2020 will not affect major assets in the traditional market such as gold. In a note to investors, Goldman Sachs reportedly asserted that Bitcoin poses no real threat to Gold, as many international investors continue to cut their investments […] дальше »

2020-12-20 19:56

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Bitcoin May Need to Shed $2,000 and Tap Liquidity Region Before Rallying Higher

Bitcoin has been caught in the throes of an immense bull market over the past few days and weeks This has allowed its price to multiple over the past few months, racing from summer/fall lows of $8,600 to highs of $23,700 that were set yesterday morning The strength seen by the cryptocurrency comes as its macro-outlook brightens, with institutions and large banks warming to the technology Furthermore, there are already some signs of an imminent […] дальше »

2020-12-19 02:00

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‘I’d Be A Billionaire Now’ — Early Bitcoiner Regrets Selling 50,000 Bitcoins Before 2012

The price of bitcoin recently soared beyond $23,000 after effortlessly taking out the $20,000 psychologically important level. The recent upsurge means that MicroStrategy’s holdings have doubled in value since the business intelligence firm invested millions into the cryptocurrency back in September when the flagship cryptocurrency was still hovering sub-$11,000. But, not every large investor has […] дальше »

2020-12-19 01:08

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$800m Liquidated: Bitcoin’s Rally to All-Time Highs Leaves Trail of Bear Blood

Bitcoin saw some potent price action yesterday, with bulls sending it rallying from the mid-$20,000 region to highs of $23,700 The selling pressure here proved to be quite significant and slowed its growth, but the cryptocurrency does appear to be poised to see further upside One analytics firm explained in a recent tweet that a massive onslaught of short-sided liquidations fueled this movement Over the past few days, over $1 billion in short positions have […] дальше »

2020-12-18 21:00

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Altcoins are About to See a “Capital Rotation” Event as Bitcoin Rally Heats Up

Altcoins are currently lagging far behind Bitcoin, which is in the process of showing the markets why it is king The benchmark cryptocurrency’s rally has provided tailwinds for other altcoins, but they have yet to reach parity with the momentum currently being seen by BTC One trader spoke about this in a recent tweet, explaining that he is now watching for there to be a capital rotation event out of Bitcoin and into altcoins He […] дальше »

2020-12-18 01:00

Bitcoin Sets New All-Time Highs Above $20,000; Leaves Trail of Bear Blood

Bitcoin is officially trading at fresh all-time highs, with the crypto’s price racing as high as $20,800 this morning before losing some momentum and hovering just below this level Where the crypto trends in the mid-term should depend largely on whether or not it can turn this momentum into another parabolic uptrend One trader believes that this is a strong possibility, and could be induced by an imminent short-squeeze The break above $20,000 has put […] дальше »

2020-12-17 17:47

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These 4 Factors Show Why Bulls are in Full Control of Bitcoin

Bitcoin and the entire crypto market have been caught within the throes of an intense bout of consolidation over the past few days and weeks This has come about despite the crypto making attempts to both breakout and breakdown as of late Just last night, BTC showed some promising signs of moving higher that ultimately resulted in it facing yet another rejection within the mid-$19,000 region The selling pressure here was not enough to strike […] дальше »

2020-12-16 21:00

NY Times Bestselling Author: Bitcoin S2F Is Flawed, Not Mathematically Sound

Bitcoin is trading at new record highs, and the naysayers are out in droves. Skeptics range from Nouriel Roubini to Peter Schiff, and many more. And while this next challenger of the cryptocurrency’s long term value says he is “not a Bitcoin hater” like the others, he has taken the time to go over Plan B’s stock-to-flow (S2FX) model with a fine-tooth comb, and claims that the most important valuation model going is “flawed,” “faulty,” […] дальше »

2020-12-16 18:30

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Why JPMorgan Is Estimating An Incoming $600 Billion Institutional Bitcoin Investment

A spokesperson from JPMorgan Chase is estimating that institutional investor interest is at an all-time high and could result in a $600 billion Bitcoin inflow. As Bloomberg reported, Nikolaos Panigirtzoglou, a JP Morgan Analyst has explained that the follow-up reaction from MassMutual’s mega Bitcoin purchase is an even more interested audience who are open to securing […] дальше »

2020-12-16 12:44