Raoul Pal, the CEO and founder at Real Vision, believes the price of Bitcoin (BTC) can reach $476,000 in the long-term. Pal is not alone in this belief as hedge fund managers like Morgan Creek Digital’s Mark Yusko have also made similar predictions in the past. Currently, the price of Bitcoin hovers Read more…
As we have been seeing since Black Thursday, Bitcoin investors are choosing to HODL and store their bitcoin with themselves and remove their digital assets from cryptocurrency exchanges. These bitcoin withdrawals from exchanges started with crypto derivatives platform BitMEX which suffered two DDoS attacks on the day of violent sell-off in March. Its web traffic in April also Read more…
Back in March, Bitcoin (BTC) and most other cryptocurrencies joined the stock market in one of the biggest market sell-offs in recent history. Now, two months after, what is now known as, Black Thursday (March 12, 2020), Bitcoin has recovered all of its losses plus more, while the stock market is still Read more…
The Bitcoin halving event took place on May 11, three days ago. As expected, that day was volatile to both sides, but the bottom line was that Bitcoin maintained the crucial support zone around the $8K mark. The latter includes the significant 200-days moving average line (marked light green on Read more…
Bitcoin investments in China could grow as global funds increase their exposure in Chinese equities in a significant capital reshuffling. The cryptocurrency eyes more demand as a V-shaped rebound in the Chinese economy seems unlikely per top analysts. History shows that unsettling economic conditions send Chinese investors to the safety Read more…
Bitcoin (BTC) price lit up today, rallying 5.78% to a daily high of $9,398 before pulling back to consolidate in the $9,300 range. The strong upside move pushed the top ranked digital asset on CoinMarketCap through the $8,800-$8,930 resistance zone. Since the halving day correction dropped the price to $8,122, Bitcoin price Read more…
Following Bitcoin’s third halving, mining revenue has been halved. The network’s strength, measured in hashrate, is very much tied to this revenue and is similarly decreasing. Miners say they expected the drop, and it won’t last. Bitcoin just experienced its third halving, which reduced the cryptocurrency’s mining rewards from 12.5 to Read more…
Following Bitcoin’s third block halving on May 11, users removed 23,540 Bitcoins (BTC) from online exchanges. This appears to indicate heightened levels of confidence in the asset. It also continues the recent trend of users moving their coins to wallets they control, and away from major centralized exchanges. In the two months since Black Thursday, the Read more…
$423 mln worth of BTC moved by a Bitcoin whale 16,283 BTC sent between OKEx and anonymous wallets One more massive BTC transfer has taken place, as a cryptocurrency whale moved 47,535 BTC. On Tuesday, a similar amount (47,835 BTC) was transferred. Meanwhile, just over sixteen thousand Bitcoins have been transferred between anonymous Read more…
The XRP price has broken down from a descending triangle. The closest support level is found at 1,500 satoshis. XRP/USD has broken down from a long-term ascending support line. In the beginning of May, both the XRP/USD and XRP/BTC pairs broke down from important support levels, possibly indicating that the Read more…