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“# Bitcoin price facing final resistance before $68K? ” Bitcoin’s (BTC) price has so far failed to make new all-time highs above $60,000 this week. After the breakout above $58,000, negative news from India, as well as general macroeconomic weakness and rebounding U.S. dollar, appear to have halted the rally. This resulted in a pullback toward…
“# Supercycle may propel Bitcoin over $1 million, Kraken’s Dan Held says ” According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million. In Held’s view, this market cycle is fundamentally different from previous ones. “This is one in a hundred…
“# Fiat food? Bitcoin Big Mac Index crashes below 10,000 satoshis for the first time ever ” Gold may buy less and less Bitcoin (BTC) this year, but another measure of the cryptocurrency’s strength has just hit a historic milestone. Data from on-chain analytics service Ecoinometrics shows that on March 17, the so-called Big Sats…
“# Here’s why Siacoin, Basic Attention Token and Linear (LINA) are soaring ” This week CNBC reported that Morgan Stanley will give its millionaire clients access to Bitcoin (BTC) starting in April and this shows that traditional financial powerhouses are under pressure from their clients who are demanding exposure to cryptocurrencies. This suggests that the…
“# Bitcoin bulls ‘hold back’ as BTC’s monthly futures expiry approaches ” Bitcoin (BTC) briefly reclaimed the $60,000 level on March 18 as concerns over the strength of the equities market mount due to rising U.S. Treasury yields. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin began increasing in the late-night…
“# Want to be rich? Data and Bitcoin’s supply cap show you only need 0.01 BTC ” Saving 0.01 Bitcoin (BTC) might cost only $5,000 today but according to the current global wealth distribution and the digital asset’s limited supply, 0.01 BTC just might be enough to make one a millionaire in the future. According…
“# Cardano’s $1B futures open interest shows ADA is a serious contender ” Cardano (ADA) has had an impressive start to the year as it broke through the psychological $1 barrier and made an all-time high at $1.50. The impressive 590% year-to-date gain took place as the network transformed into a multi-asset network, similar to…
Chainlink (LINK) has had a pretty rough month, dropping as much as 45% after marking a $37 all-time high on Feb. 20. While the recent losses may look surprising when compared against other altcoins’ gains, LINK still managed to rally 640% over the past nine months. Therefore, there should be no reason to interpret the…
“# Ethereum fails to break out vs. Bitcoin as Treasury yields soar — Will ETH relief rally? ” Ether (ETH), the native cryptocurrency of Ethereum, has failed to break out once more against Bitcoin (BTC) with BTC/USD rallying by more than 8% on March 18. There are two likely reasons why the ETH/BTC pair is failing…
“# Bitcoin ‘better than gold’ if you study it, fund manager tells mainstream media ” Bitcoin (BTC) is superior to gold if investors take the time to study it, says hedge fund manager Anthony Scaramucci. In an interview with CNBC on March 18, Scaramucci, who is CEO of SkyBridge Capital, reinforced his belief in Bitcoin…