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“# Bitcoin whales are betting $40K isn’t the top as data hints bull run is only beginning ” Bitcoin (BTC) whales clearly expect massive price rises in future as the number of wallets containing over 1,000 BTC ($35 million) hits an all-time high. Data from on-chain analytics resource Glassnode confirms that as of Jan. 20,…
“# 3 reasons Bitcoin abruptly dropped by 7.4% overnight ” The price of Bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three major reasons why the price of Bitcoin declined steeply in the past 12 hours. The reasons are an overheated derivatives market, growing…
“# Here’s why HedgeTrade (HEDG), The Graph (GRT) and UMA are rallying ” Bitcoin (BTC) has been consolidating for the past few days as the bulls and the bears battle it out for control over the largest cryptocurrency by market capitalization. Currently, Bitcoin looks like it is steadily losing its upward momentum but Vailshire Capital…
“# Bitcoin and altcoins correct after Yellen’s ‘illicit financing’ critique ” On Tuesday, Ether (ETH) underwent a bullish breakout which propelled the price to a new all-time high at $1,428. While the move may have been technical, the fundamentals for Etheruem continue to improve as less than one month after launch there is now $3.8…
“# New timeline charts Bitcoin’s price alongside historical events of the past decade ” Bitcoin (BTC) has travelled an eventful path since its creation in 2009. TradingView.com recently unveiled a BTC chart showing major events in the digital asset’s history, alongside the cryptocurrency’s ever-changing price. Released on Tuesday, the chart points out potentially significant events…
“# Bitcoin breakout ‘imminent’ says hedge fund as analyst targets $48K monthly close ” A fresh Bitcoin (BTC) breakout is “imminent” and most likely to the upside, hedge fund Vailshire Capital Management says. In a tweet on Jan. 19, Jeff Ross, the firm’s founder and CEO, described the outlook for BTC performance as “wildly bullish.”…
“# ‘Pay attention’ — Grayscale adds 18x the Bitcoin mined supply in one day ” Asset manager Grayscale added 18 times more Bitcoin (BTC) than miners added to the supply in just one day on Jan. 18. As various data sources confirm, Grayscale, which remains the biggest institutional buyer in the Bitcoin space, purchased a…
“# 3 reasons why Ethereum has been rising faster than Bitcoin price in 2021 ” The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning of the new year. What’s more, it has outperformed Bitcoin (BTC) since Jan. 1, gaining roughly 81% compared to Bitcoin’s 26%…
“# Ethereum price inches closer to a new all-time high as Bitcoin consolidates ” Bitcoin (BTC) continues to trade in a tightening range within a pennant pattern and while the price has moved above the 20-day moving average, it’s clear that the bulls and bears are fighting over the direction the digital asset will take. …
“# Grayscale holds the key to Bitcoin hitting $40K, says JPMorgan ” Grayscale Investments, the world’s largest digital-asset manager, could hold the key to Bitcoin’s (BTC) short-term price outlook, according to JPMorgan Chase. As Bloomberg reports, strategists led by Nikolas Panigirtzoglou believe Bitcoin could lose its luster over the short-term unless it can “break out”…