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“# Bitcoin analyst gives 4 reasons why BTC price will hit $22,000 next ” Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of Bitcoin…
“# DeFi is here to stay despite signs of a bubble, says Binance CEO ” Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble. In a Nov. 17 interview with Russia’s news agency RBC,…
“# Bitcoin price will hit $65K as network effect has ‘taken over’ — Mike Novogratz ” Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent…
“# Mike Novogratz’s Galaxy Digital to launch new Bitcoin fund in Canada ” Galaxy Digital, a cryptocurrency merchant bank founded by Mike Novogratz, is expanding its crypto offerings in Canada. According to a Nov. 16 announcement, Galaxy Digital has partnered with major Canadian investment company CI Global Asset Management to launch a public Bitcoin (BTC)…
“# Median DeFi token return on par with Bitcoin this year ” Despite a pull back from the meteoric bull market for decentralized finance, the average DeFi token return has vastly outperformed Bitcoin and Ethereum. The median performance is a different story however. On Nov. 17, pseudonymous crypto analyst ‘Ceteris Paribus’ shared data with his…
“# Grayscale now holds half a million Bitcoin ” Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust. According to a Nov. 16 post, Grayscale now holds to $8.35 billion worth of Bitcoin— equating to 2.69% of Bitcoin’s (BTC) outstanding supply and market cap. But with Chainalysis estimating that…
“# Price analysis 11/16: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV ” As Bitcoin (BTC) continues to rally to a new 2020 high above $16,700, traders are pondering whether this is the start of a new bull market. Mike McGlone, senior commodities strategist at Bloomberg Intelligence, believes that the main hurdle is…
“# Bitcoin hits new 2020 high at $16.7K —Traders expect bigger breakout ” The price of Bitcoin (BTC) hit a new yearly high at $16,717 on Binance. Following the breakout, traders expect a larger rally to occur in the near term. There are several reasons why analysts expect a prolonged uptrend. First, Bitcoin cleanly broke…
“# Bitcoin price must break this level to extend 6-week winning streak ” Bitcoin price has been showing significant strength as Bitcoin (BTC) rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind. These investors were waiting for the close of the CME gap at…
“# $1T market cap is ‘next big resistance’ for Bitcoin — Bloomberg analyst ” Bitcoin (BTC) hitting its all-time highs of $20,000 again is not the end, but the start of its explosion to a $1 trillion asset, a senior Bloomberg analyst says. In a tweet on Nov. 16, as BTC/USD reclaimed $16,000, Mike McGlone,…