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“# Bitcoin hits $51K as short-term bull case strengthens amid weakening dollar ” The U.S. dollar index (DXY) is showing signs of a short-term top as the price of Bitcoin (BTC) demonstrates signals of a short-term rally. There is a narrative that the price of Bitcoin often coincides with a drop in the value of…
“# Theta, Aavegotchi (GHST) hit new highs as Bitcoin price chases after $50K ” Bitcoin (BTC) bulls appear to have found their momentum as BTC price reclaimed the $49,000 level within the last hour. On March 2 the price dropped as low as $47,000 but currently, BTC is trading above the 20-day moving average. Bulls…
“# Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high ” Non-fungible tokens (NFTs) have rapidly become the new hot topic in the cryptocurrency sector, as evidenced by Litecoin creator Charlie Lee comparing the current spike in NFT interest to the ICO mania of 2017. The recent pullback in the cryptocurrency…
“# Unifi (UNIF), StaFi (FIS) and Dego see triple-digit gains afer DeFi listings ” The CBOE has filed an application with the United States Securities and Exchange Commission to list the Bitcoin (BTC) exchange-traded fund proposed by asset manager Van Eck. If the Bitcoin ETF receives a green signal from the regulators, it could boost…
“# Unibright (UBT) price soars after DeFi staking and enterprise-level partnerships ” As Bitcoin (BTC) and Etheruem (ETH) gain legitimacy in top financial circles that will eventually help digital currencies mainstream, projects that offer enterprise-level blockchain solutions are also gaining attention from the corporate sector and investing class. Sold as one of the next technological…
“# Litecoin is trading at a 1,800% premium via Grayscale’s LTC Trust — But why? ” Shares in Grayscale Investments’ Litecoin Investment Trust, or LTCN, have been trading at a whopping 1,800% premium over the market rate of their underlying asset, Litecoin (LTC). $319 per Litecoin? This difference is caused primarily due to retail investors’…
“# No, Goldman Sachs isn’t a bearish indicator for Bitcoin ” Peter Brandt, a popular veteran trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on Goldman Sachs potentially restarting its cryptocurrency desk. Us old-timers have learned that whenever @GoldmanSachs enters a market niche it is time to guard your money….
“# En route to $200K? Bitcoin closed February 26% above Stock-to-Flow model price ” The price of Bitcoin (BTC) is outpacing the popular Stock-to-Flow (S2F) model, which predicts that the BTC price would eventually reach $200,000. The S2F model forecasts the long-term price trend of Bitcoin by taking two main factors into account, namely the…
“# Bitcoin’s compound annual growth is ‘an unheard-of’ 200% CAGR ” Bitcoin (BTC) has delivered returns which are “unheard of” in history and ultimately leaves Tesla stock in the dust. That’s according to fresh data from on-chain monitoring resource CaseBitcoin, which this week delved into Bitcoin’s astonishing compound annual growth rate (CAGR). BTC hodling: 10…
“# Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs ” On March 1 cryptocurrency investors woke up to the sight of Bitcoin (BTC) rising from it weekend correction to $44,000 as the market found its bullish momentum and altcoins rebounded from their swing lows. Data from Cointelegraph Markets and TradingView shows…