Bitcoin

Bitcoin (BTC) at $47,000 is turning heads but is in fact only the “worst-case scenario” for one of its most popular analysts. In a tweet on Aug. 13, PlanB, creator of the stock-to-flow family of Bitcoin price models, reiterated that $47,000 should be just the beginning for BTC/USD. Bitcoin price no longer in its “worst case scenario” Following the May miner rout from China and accompanying BTC price crash, long-established price models based on the stock-to-flow principle saw a major test of… Source link

After a bearish day for the crypto majors on Thursday, it has been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 4.46% to $46,403.7. A mixed start to the day saw Bitcoin fall to an early morning low $44,266.0 before making a move. Steering clear of the of the first major support level at $43,411, Bitcoin rallied to a late morning current day high $46,585.0. Bitcoin broke through the first major resistance level at $45,811. The… Source link

The technology is fine, but its speculative bias reveals something sad about our relationship with money Photo: Bermix Studio/Unsplash As those of us who were around will remember, Bitcoin emerged out of the same spirit as Occupy Wall Street. Those of us holding seminars about economic power in Zuccotti Park were thrilled by the possibility of a… Source link

Bitcoin (BTC) was lower for a third straight day, slipping toward $44,000 after the largest cryptocurrency by market value reached a three-month high of nearly $46,800 earlier this week.  “There just isn’t much of an appetite right now for bitcoin above $46,000, but you’re not seeing a massive sell-off either,” Matt Blom, head of trading at the digital-asset firm Eqonex, said Thursday in a Zoom interview.  Prices for ether (ETH), the native cryptocurrency of the Ethereum blockchain… Source link

On Friday, Aug. 13, a total of $675 million worth of Bitcoin (BTC) options are set to expire and currently the bulls enjoy a significant advantage after a 20% weekly rally to $46,743.  According to Cointelegraph, two things that marked the positive shift seen from institutional investors were deposits to derivatives exchanges reaching their lowest levels since May 11 and entities with 10,000 to 100,000 BTC adding over $12 billion additional Bitcoin to their holdings. Meanwhile,… Source link

This week the total cryptocurrency market capitalization bounced back to $1.9 trillion, which was a 20% weekly increase and the highest level seen since May 20. While the fresh bullish momentum attracted the attention of investors, Bitcoin’s (BTC) move from $33,400 to $45,900 was pretty much in line with the rest of the market. Whether Bitcoin will finally break the $46,000 resistance remains an open question. However, the longer it takes, the higher the odds that altcoins will outperform the… Source link

If you’ve heard anything about Bitcoin, it’s likely been about its price skyrocketing or plummeting. But, for those who are looking to invest long term, there’s a different question that should be asked—what will one Bitcoin be worth in 10 years? Where Bitcoin Is Going For Bitcoin, no prediction is guaranteed, but an interesting vision shared by MicroStrategy CEO, Michael J. Saylor, is that once Bitcoin passes the market cap of gold, around $11T currently, nothing will stop it. Saylor… Source link

The Labor Department reported Wednesday that ​​the consumer price index posted a 0.5% month-to-month gain, compared with a 0.9% increase in June. The price rose 5.4% from the year-ago level.  Despite cooler – but still high – inflation data in July and the U.S. Senate’s passage of a $1 trillion infrastructure bill that could impose certain taxes and restrictions on the cryptocurrency sector, bitcoin’s price climbed to $46,502 on Wednesday, its highest level since mid-May, with

The cryptocurrency market charged full steam ahead on Aug. 11 as the price of Bitcoin (BTC) climbed to $46,743 and bulls are now taking aim at the $48,000 resistance level as the next target.  Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), WINk (WIN) and Dent (DENT). Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro The Coinbase listing bump continues for IOTX IoTeX (IOTX) continued… Source link

Bitcoin (BTC) and the crypto market have been accelerating heavily in recent weeks, as Bitcoin has surged by 60% from the July lows, while Ether (ETH) has been showing strength with a 90% rally as altcoins have been seeing massive gains across the board. The sentiment has flipped heavily as well. Three weeks ago, the majority of the people were discussing a potential breakdown to $20,000, including the effects of a death cross. But now, a golden cross could happen on Bitcoin with a potential… Source link