Bitcoin

The Bitcoin (BTC) price bottomed at exactly the point that gold bug Peter Schiff said that it would crash further — and proponents are reminding him of his mistake. Retweeting a now infamous Twitter post that Schiff made in mid March, popular trader “CryptoBull” noted that he had accidentally called Bitcoin’s bottom, not top. Schiff tweet “marks exact bottom” for BTC Schiff was complaining that he had lost access to his Bitcoin wallet, but that soon it wouldn’t matter, because… Source link

Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of Bitcoin exchange reserves, neutral funding rates, and institutional accumulation point toward a prolonged BTC rally. Swift wrote: “1yr HODL % still really high? Yep. Bitcoin being rushed off exchanges? Yep. Funding… Source link

Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency. Novogratz on Bitcoin: Network effect has “taken over” Williams had released a poll asking Twitter followers whether or not she should invest in BTC. At press time, the… Source link

Bitcoin has somewhat broken out of its niche this year, finding support from some of the world’s biggest banks and big-name investors. The bitcoin price has soared as bitcoin’s reputation has a potential hedge against inflation has grown, with the price climbing to within touching distance of its late 2017 highs of around $20,000—though data suggests bitcoin’s latest rally is very different from three years ago. Now, Ray Dalio, the billionaire founder and co-chairman of the world’s… Source link

Despite a pullback from the meteoric bull market for decentralized finance, the average DeFi token return has vastly outperformed Bitcoin and Ethereum. The median performance is a different story, however. On Nov. 17, pseudonymous crypto analyst “Ceteris Paribus” shared data with his 12,000 followers compiling the YTD median and average performances of 40 top crypto assets, comprised of 38 top DeFi assets, Bitcoin (BTC) and Ether (ETH). Around 26 of the DeFi assets are currently posting… Source link

Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust.  According to a Nov. 16 post, Grayscale now holds to $8.35 billion worth of Bitcoin— equating to 2.69% of Bitcoin’s (BTC) outstanding supply and market cap. But with Chainalysis estimating that around 3.7 million BTC have been lost, Grayscale may actually now be in possession of 3.37% of Bitcoin’s remaining circulating supply Appealing to institutional investors who are prepared to… Source link

The price of Bitcoin (BTC) hit a new yearly high at $16,717 on Binance. Following the breakout, traders expect a larger rally to occur in the near term. There are several reasons why analysts expect a prolonged uptrend. First, Bitcoin cleanly broke out of $16,000, taking out the $16,473 peak achieved on Nov. 13. Second, there is a “sell-side crisis” brewing as more BTC gets accumulated than mined. Third, BTC rallied despite indicators showing overbought signals. BTC/USD 1-hour chart…. Source link

Three years ago, Bitcoin’s historic surge dominated Thanksgiving dinner conversations. This year, the cryptocurrency is in the midst of another notable rally and yet almost no one’s talking about it. How fevered has Bitcoin’s latest leg higher been? With the coin trading around $16,800, it’s been more expensive in only five other instances in the… Source link

Bitcoin price has been showing significant strength as Bitcoin (BTC) rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind. These investors were waiting for the close of the CME gap at $9,600, which didn’t occur. However, can the markets expect a correction to happen, or is further strength likely for the markets? Bitcoin posts sixth consecutive green weekly candle BTC/USDT 1-day chart. Source: TradingView The daily chart shows… Source link

Bitcoin (BTC) hitting its all-time highs of $20,000 again is not the end, but the start of its explosion to a $1 trillion asset, a senior Bloomberg analyst says. In a tweet on Nov. 16, as BTC/USD reclaimed $16,000, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, delivered a fresh bullish forecast for the largest cryptocurrency. Bloomberg Intelligence: BTC will keep rising in 2021 Bitcoin saw lower levels over the weekend, briefly dipping to $15,800 before conspicuously… Source link