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“# LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin? ” Litecoin (LTC) prices surged by up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session. LTC/BTC 1-week candle chart (Binance). Source:…
“# Bitcoin is not an inflation hedge, Bitcoin skeptic claims ” Untied to any single government or country, Bitcoin is often labeled as a store of value asset and a hedge against other areas of finance. Nassim Taleb, a former risk analyst and author, thinks otherwise, however. In an interview with CNBC on Friday, after…
“# Bitcoin closes six monthly green candles for the first time since 2013 ” Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles….
“# Analysts say $60K Bitcoin price signals BTC has ample ‘room to run’ ” Bitcoin (BTC) bulls finally mustered enough strength to push the top-ranked cryptocurrency through the $60,000 level and citing key on-chain metrics, analysts believe the bull run has a ways to go before reaching any considerable resistance. Since pushing back above $50,000…
“# Bitcoin’s next top could be between $75K and $306K, Kraken research suggests ” Analysis of Bitcoin (BTC) price action dating back to 2011 suggests the coin price could next top out somewhere between $75,000 and $306,000, research from Kraken shows. Based on one reading of a logarithmic growth curve that connects historical tops and…
“# Strategist: Bitcoin more likely to be successful ‘in the long run’ than Ethereum ” One reason strategist and investment guru Lyn Alden isn’t invested in Ether is she considers the Ethereum network an “unfinished product” when compared with Bitcoin. Alden’s economic analysis of Ethereum released today compares the smart contract network to the Concorde…
“# ‘Blow-off top’ or $30,000? Traders muse Bitcoin’s end-of-year fate ” After a historic day in which the headlines could hardly keep up with price action and Bitcoin set a new all-time high above $26,500, traders and analysts are now turning their attention towards what could be in store for the digital currency over the…
“# Messari values Coinbase at $28 billion following IPO filing ” Following cryptocurrency exchange Coinbase filing a draft registration for a public offering with the United States Securities and Exchange Commission yesterday, research company Messari has valued the company at $28 billion. Messari’s model examined the company’s various business segments, such as trading, custody and…
“# Illegal Bitcoin use is down, but privacy wallet laundering is up, says analytics firm ” Elliptic, a leading firm in blockchain analytics, has found major shifts in recent trends in illicit crypto usag Per the firm’s Dec. 9 study, the proportion of Bitcoin transactions that the firm has linked to criminal activity is way…
“# Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly ” According to data collected from 1000+ crypto social media channels, the average crowd sentiment towards Bitcoin adapted from slightly bullish to overwhelmingly bullish over the days leading up to Thursday’s dramatic pullback, mirroring the levels previously observed during its May and August price tops,…