Bitcoin

Bitcoin bull market ‘2nd leg has started,’ says BTC price model creator

Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility of hitting $100,000 by the end of this year. PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, called Bitcoin’s price retracement from the $60,000-level the “2nd leg” of what appeared like a long-term bull market. #bitcoin bull market, 2nd leg has started pic.twitter.com/N9H2QF7SDe — PlanB (@100trillionUSD) October 26, 2021 In doing so, the pseudonymous analyst cited S2F, which anticipates… Source link

Read More »

Bitcoin Is Still Concentrated in a Few Hands, Study Finds – TIME

Bitcoin’s surging popularity hasn’t changed one of its original attributes. Its ownership is still concentrated in just a few hands. The top 10,000 individual investors in Bitcoin control about one-third of the cryptocurrency in circulation, according to a study by the National Bureau of Economic Research. Crypto enthusiasts have long pondered who the largest owners of Bitcoin are since the early days of the its existence. It can be… Source link

Read More »

Bitcoin Pushes Upward After Weekend Dip

Bitcoin was pushing back up Monday after experiencing a price dip below $60,000 over the weekend, down from the all-time high near $67,000 reached last week. As of press time the cryptocurrency was up 4% over the last 24 hours, trading around $62,900. The drop in funding rates is the most notable indicator seen over the weekend, according to Matthew Dibb, chief operating officer at Stack Funds. “This is extremely bullish given where we are,” said Dibb. Funding rates across major exchanges… Source link

Read More »

How to Buy, Sell, and Manage Bitcoin

Are you finally ready to take the plunge into the world of cryptocurrencies? It may seem complicated, but with a little research, beginners can be buying and selling Bitcoin in no time. Bitcoin is the most ubiquitous digital currency on the market, so we’ll show you the ropes on buying, selling, and storing it. However, these tips can apply to other cryptocurrencies like Ethereum (or even Dogecoin, if that’s your thing). What to Know Before Buying Bitcoin At the time of this writing, Bitcoin… Source link

Read More »

BTC price ‘on the way to $90K’ — 5 things to watch in Bitcoin this week

Bitcoin (BTC) launches into a new week, determined to keep $60,000 as support — despite new all-time highs failing to last. After a classic Sunday dip, bulls regained control and have managed to keep BTC/USD clear of sub-$60,000 lows. With neither the April nor October all-time highs seeing a retest so far, however, investors are eager to see where Bitcoin is capable of going. Expectations remain sky-high — as much as $300,000 in the coming months, and even a continuation of the bull run… Source link

Read More »

Bitcoin at $61,000: 3 Better Cryptocurrencies to Buy Now

It’s been a fantastic year for cryptocurrency investors and Bitcoin (CRYPTO:BTC) in particular. The market-leading cryptocurrency’s price per token has surged roughly 113% year to date even with some recent pullback after hitting a new lifetime high of roughly $67,000 per token.  Bitcoin appears to be gaining traction as “digital gold” and as a potential safe haven at a time when inflation and other factors are casting uncertainty over equities… Source link

Read More »

From $4 to Over $3.1 Million — Miner Transfers 50 ‘Sleeping Bitcoin’ After BTC Sat Idle for 11 Years – Featured Bitcoin News

On October 22 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. There hasn’t been a 2010 block reward spent in three months and the last time a 2010 miner spent their ‘sleeping bitcoin’ was on July 4, 2021. After waiting patiently for more than a decade, the miner who spent the ‘sleeping bitcoin’ on Friday saw a percentage gain of 76,249,900% if the individual cashed out into U.S. dollars… Source link

Read More »

Analyst Suggests Bitcoin’s Bottom Could Be $50K Assuming BTC Surpasses $200K This Cycle – Market Updates Bitcoin News

The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top. On October 20, cryptocurrency market analyst Justin Bennett discussed bitcoin’s possible price floor after it reaches the top. Bennett suggests the end of this cycle could be between $207,000 and $270,000. Assuming bitcoin crosses $200K per coin, Bennett thinks the digital asset’s bottom after an 80%… Source link

Read More »

Analysts hold their $250K Bitcoin price target even as BTC falls below $60K

Bitcoin (BTC) briefly fell below $60,000 on Oct. 22 as a correction after all-time highs deepened concerns about the market’s strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $56,000 minimum BTC buy-in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day. A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week saw the price slide below… Source link

Read More »

This 1 key driver puts Bitcoin as high as $168,000 before 2022 (it’s not as crazy as you think)

Tom Lee: This 1 key driver puts Bitcoin as high as $168,000 before 2022 (it’s not as crazy as you think) Bitcoin has officially gone mainstream. With the launch of the first bitcoin futures ETF, the world’s leading cryptocurrency is enjoying a nice surge, recently passing an all-time high of almost $65,000. But there might be plenty of room left to run. According to top Wall Street strategist Thomas Lee — co-founder of Fundstrat Global Advisors — the price of bitcoin could soar to $168,000… Source link

Read More »