Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC. It is nearly impossible to segregate institutional investors from individual investors through on-chain data. However, the trend shows that investors with large capital are increasingly Read more…
The Bitcoin market has often been the center of a comparison between the efficiency of traditional investments and crypto -investments. However, the fragmentation of trading volume in the Bitcoin ecosystem has often prevented a direct assessment of its market size. A recent report by CoinMetrics sought to correct this by comparing the spot volume of Bitcoin Read more…
A giant repositioning since December 2017 is about to come to a close, claims Positive Crypto, leading to new price all-time highs. Bitcoin (BTC) has spent almost 900 days correcting from its $20,000 all-time highs — but its trip to $100,000 is about to start. That is the opinion of Read more…
The bulls are on the ropes Satoshi’s dirty tricks Prominent cryptocurrency trader and analyst Scott Melker has taken to Twitter to opine on Bitcoin’s price action after the world’s leading cryptocurrency dropped to the $8,700 level. He claims that short time frames look oversold, which might indicate at least a minor relief Read more…
In brief The Bitcoin futures market continues its steady recovery nearly two months out from Black Thursday. The total value of open trades on Bitcoin’s futures market is now roughly $3 billion. As both retail and institutional futures markets see increased activity, volumes are still $2 billion away from the Read more…
In brief Bitcoin has tracked the stock market, crashing and then recovering in a short period of time. After hitting lows of $4,100 just in March, Bitcoin has pushed past $9,000 this week. It isn’t clear whether the cryptocurrency will continue to follow the stock market—which has had a worrying Read more…
Speaking at Virtual Blockchain Week, famed venture capitalist Tim Draper confirmed that he is sticking to his six-figure Bitcoin (BTC) price prediction. Back in 2018, Tim Draper made a bold public call that the price of Bitcoin would reach $250,000 by the end of 2022 or early 2023. As of today, he’s sticking to Read more…
Dennis Gartman began his trading career in the 1970s and over the years he amassed a ton of experience trading Forex, treasuries, stocks, commodities, and derivatives. Those familiar with Gartman will know that he wrote a very prestigious daily newsletter for 30 years, and it is held in high regard by Read more…
While April has historically been the second-best performing month for bitcoin (BTC), investors should watch for the possible miner and/or holdler capitulation and how the world is dealing with the COVID-19 pandemic-triggered economic crisis, according to analysts at major crypto exchange Kraken. On average, in April, BTC posts a +53% return and has the Read more…
Litecoin (LTC) is again facing pressure from traders who wonder if the price will be able to pick up the momentum necessary to recover the losses from the major market crash on March 12. As of press time on Wednesday (10:22 UTC), litecoin was down almost 1% over the past 24 Read more…