The total amount and value of tokenized Bitcoin on the Ethereum blockchain has sharply increased since mid-May, with over $101 million worth of BTC now held in tokens such as Wrapped Bitcoin (WBTC), renBTC, HBTC, imBTC, sBTC and others. WBTC and similar tokens represent Bitcoin on the Ethereum blockchain. One tokenized BTC equals Read more…
Bitcoin hangs in the balance above $9,000 where gains are becoming unsustainable and losses lingering. Ethereum facing a make or break situation; the pivotal $220 will either lead to $230 or $200. Bitcoin price is literally playing with fire. The widely traded digital asset failed to sustain gains above $9,300 Read more…
Bitcoin as a financial asset has drastically grown in popularity in the past few years. As adoption continues to grow and fiat on-ramps and off-ramps become easily accessible, Bitcoin’s user base has grown and diversified significantly. The past few years saw greater institutional interest. While the Hodl culture within the community Read more…
Earlier this week on-chain analyst Willy Woo released a new price model for Bitcoin (BTC). The model identifies the start of exponential Bitcoin bull runs based on historical data. According to the model, Bitcoin may be just one month away from an official bull market. Will a BTC bull market Read more…
Arguments for a drop and a breakdown below $9,000 Another unique trend that may play out for Bitcoin The price of Bitcoin (BTC) saw lacking volatility throughout the past three weeks. It failed to surpass $10,000 or remain below $9,000, creating a tight range. Going into the weekend, traders remain uncertain Read more…
Schiff doesn’t learn from his mistakes Riding it to zero Peter Schiff, the CEO of Euro Pacific Capital who’s known for his unpopular bearish views on Bitcoin, is convinced that the flagship cryptocurrency is never touching $25,000, according to his recent tweet. This is the lowest price point posted by in Read more…
A new report by Pantera Capital says that the “tsunami of money” we are seeing is leading people to put faith in cryptocurrencies—and not just Bitcoin. We are currently in an altcoin bull run, says the investment firm. And one that is likely to continue until mid next year, it Read more…
Mozilla and a host of other big firms have invested in Wallets Africa, a Bitcoin-supported financial startup based in Lagos, Nigeria. In a declaration today, Wallets Africa says it received funding from Mozilla Corporation, 9Yards Capital, Samurai Incubate, and Y Combinator CEO, Micheal Seibel. The fund came not long after Read more…
Bitcoin options worth $1 billion are set to expire tomorrow. The largest options expiration to date could mean strong volatility ahead for Bitcoin. But some analysts say don’t expect a big impact right away. A billion dollar batch of Bitcoin options is set to expire tomorrow—and that means a $1 billion question Read more…
Bitcoin, Ethereum, and XRP prepare for major price action despite recent losses. Bitcoin at a Pivotal Point The flagship cryptocurrency continues consolidating without a clear sign of where it is headed next. Its price has been making a series of higher lows over the past two months. However, the $10,000 Read more…