Bitcoin

PARIS, FRANCE – DECEMBER 15: In this photo illustration, a visual representation of the digital … [+] Cryptocurrency, Bitcoin is displayed on December 15, 2017 in Paris, France. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions, and now have a market cap of around 175 Billion USD, the… Source link

Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: Tradingview Data suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965. According to the data from Skew, Grayscale Bitcoin Trust’s volume on OTC Markets increased significantly in the fourth quarter. OTC Markets is… Source link

Bitcoin has had a big year so far (and 2021 could be even bigger). Bitcoin’s more than doubled in price through 2020 and this week surpassed its 2017 market capitalization, the combined value of all minted bitcoin tokens. The bitcoin price has added almost 50% this month, shooting toward its all-time high of around $20,000 per bitcoin and pushing its market cap briefly over $350 billion, spurred on by a wave of institutional interest in bitcoin. Bitcoin traders and investors are now… Source link

This week Bitcoin (BTC) price rallied to a new 3 year high at $18,965, leading investors to believe a new all-time high above $20,000 is on the cards.  While these are exciting times, data does show that some professional investors feel antsy about the price at these levels and the absence of retail FOMO has some calling for a sharp pullback. Data shows Bitcoin hasn’t seen a drop larger than 5% since Sept. 4 and over the past 77 days the digital asset has gained 84%.The last time similar… Source link

Nicolas Economou/NurPhoto via Getty Images Bitcoin is not a fad that will fade away, said Michael Sonnenshein, managing director of Grayscale Investments. Investors understand that “buying Bitcoin and putting it in their portfolio is meant to be a store of value, inflation hedge, a digital gold, a digital form of money,” Sonnenshein told Business Insider. Investors should not get hung up over the fact that there are only 21 million Bitcoin that will ever exist, because each coin… Source link

Bitcoin topped $18,600 on Friday, continuing a vertical climb that accelerated in early October. The largest digital currency by market cap is up 160% in 2020, and up 190% since March 15, following a crash in the second week of March that saw the price drop 25%. Now it’s not far from its all-time-high of around $19,800 toward the end of December 2017. Bitcoin (BTC) bulls are hoping this time is different. And it is, judging by the breathless media coverage and general mania: there isn’t… Source link

A pullback in the price of Bitcoin (BTC) is likely, based on several on-chain data points, namely the Spent Output Profit Ratio (SOPR) indicator, stablecoin inflows, stacked sell orders at $19,000, and the Crypto and Fear Index. However, the question remains when that correction would occur. Profit-taking pullback possible with lower buy pressure The  SOPR indicator essentially gauges how profitable Bitcoin holders are at the moment. When the SOPR is high, BTC is at risk of a profit-taking… Source link

Illustration by Elias Stein Text size Bitcoin has been running with the bulls again, up… Source link

Earlier today the price of Bitcoin (BTC) hit $18,815 on Binance for the first time in nearly three years. Following the breakout, BTC is on track to see a new all-time high in the near term for four significant reasons. The factors that make a new record high likely are growing institutional demand, reduced selling pressure, a spot-driven market rally, and the significance of the $18,500 resistance breach. BTC/USD 4-hour chart. Source: TradingView.com Bitcoin is seeing reduced sell pressure For… Source link

PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price.  In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal. PayPal’s new crypto service is “already having a huge impact,” Pantera claims, adding that the payment merchant is snatching up roughly 70% of all the new BTC in… Source link