Bitcoin

Bitcoin is a fully decentralized peer-to-peer payment system, notorious for its volatility. The crypto’s volatility doesn’t occur in isolation. In fact, it determines the course of the crypto market. Most cryptocurrencies are impacted by Bitcoin’s fluctuating prices. Understanding the determinants that affect Bitcoin’s volatility will help you gauge the developments and tendencies in the crypto market better. Here’s a look at some of the key factors. Cryptocurrency Live Previous Next

While bitcoin continues to become more scarce every day, the most popular set of physical bitcoins, crafted by Mike Caldwell from 2011 to 2013, have become far scarcer than their digital counterparts. As of September 18, 2021, there are now less than 20,000 active bitcoins from the Casascius physical bitcoin collection. Casascius Physical Bitcoin Collection Grows Scarcer Bitcoin has become a well-known technology and in the early years a number of people and companies deployed… Source link

“The combination of fundamental metrics presented on-chain, bullish technical indicators and soft macro picture allows us to confirm our view of a bullish run through the remainder of the year,” FundStrat, a global advisory firm, wrote in a Wednesday report. “We are buyers of BTC and ETH into any near-term selling.” Source link

The general mood across the cryptocurrency market is one of anticipation on Sept. 17 as the price of Bitcoin has traded in an increasingly tighter range over the past couple of days and looks to be coiling in preparation for a move one way or another.  Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has oscillated between $47,150 and $48,150 in trading on Friday as the lack of any major developments or headline-grabbing stories has led to a… Source link

Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says. In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast. Next stop $85,000 for BTC/USD Despite BTC/USD being kept below $50,000 this week, on-chain metrics have led analysts to stay firmly bullish on Bitcoin price action. Decentrader analyst Filbfilb is no exception, forecasting not only a rematch… Source link

The amount of bitcoin held on exchanges like Coinbase and Binance, have dropped to lower than they were in November last year. Photo: Reuters Major cryptocurrencies were down on Friday morning after a volatile week amid rising concerns over bitcoin’s environmental impact. Bitcoin (BTC-USD) was down 0.4%, still struggling to cross the $50,000 (£36,237) mark. It was trading at $47,900 at the time of writing. Many supporters on Twitter are hopeful it will hit $100,000 by the end of the… Source link

Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K by Christmas 2021. Furthermore, a price model crafted by Will Clemente called “Illiquid Supply Floor” indicates that bitcoin prices may never… Source link

Omar Marques | LightRocket | Getty Images The bitcoin price chart has flashed a bullish signal seen as an indicator that a big rally could be on the way. Source link

Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics. In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC. Bitcoin’s price floor rises and rises With exchange reserves dwindling and major corporate buy-ins expected to be announced in the coming weeks, analysts are all but guaranteeing BTC price upside. As Cointelegraph reported, long-term holders are now in… Source link

After a bullish Wednesday for Bitcoin and the broader market, it’s been a mixed morning. At the time of writing, Bitcoin, BTC to USD, was down by 0.40% to $47,942.1. A mixed start to the day saw Bitcoin fall to an early morning low $47,375.0 before making a move. Steering clear of the first major support level at $47,093, Bitcoin rose to a mid-morning high $48,530.0. Falling short of the first major resistance level at $48,813, however, Bitcoin eased back to sub-$48,000 levels. The Rest of the… Source link