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“# Calm before the storm? Analyst says $20K Bitcoin possible in 3 months ” The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent. Since July 2020, Bitcoin has been ranging…
“# Ascending channel Bitcoin price breakout possible despite OKEx scandal ” Earlier this week Bitcoin (BTC) price entered a bullish breakout to $11,725 following the previous week’s news that Square purchased $4,709 BTC but since then the price has slumped back into a sideways range. Several rejections near $11,500 and the recent news of OKEx…
“# Record-high Bakkt Bitcoin delivery exposes institutional frenzy for BTC ” Data from Arcane Research shows Bakkt Bitcoin exchange saw another record-high month from Sept. 20 to Oct. 20. This follows a noticeable rise in institutional demand for Bitcoin (BTC) from public companies in recent months. Bitcoin delivery on Bakkt. Source: ICE, Arcane Research Bakkt,…
“# ‘Enormous wall of money’ will send Bitcoin to $1M in 2025 — Raoul Pal ” Bitcoin (BTC) hitting $1 million by 2025 is “about right,” Real Vision founder and CEO Raoul Pal has confirmed. In an interview with Stansberry Research last week, Pal, famous for his bullish stance on Bitcoin, said an “enormous wall…
“# Why Bitcoin price abruptly dropped 3% in 30 minutes on OKEx freeze ” OKEx, one of the world’s biggest cryptocurrency exchanges, announced a temporary suspension of withdrawals on Oct. 16. Upon the news, the price of Bitcoin (BTC) abruptly plunged 3% in 30 minutes across major exchanges. The nervousness in the market comes from…
“# 3 years after the ICO, Filecoin (FIL) rallies 118% upon listing ” On Thursday Filecoin (FIL) began trading across major exchanges over three years after its initial coin offering. Upon listing, the token traded at wildly different prices across multiple exchanges and while the premium shows there is still an appetite for altcoins, investors…
“# ‘Shorts will be dead’ — Why Dan Tapiero expects a massive Bitcoin shortage ” In recent months, there has been a considerable spike in institutional demand for Bitcoin (BTC) following several high profile investments. Over time, asset manager and 10T Holdings co-founder Dan Tapiero believes this could lead to a problematic shortage in BTC….
“# Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume ” A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi space. In its September exchange…
“# Bitcoin price must hold $11,000 for October rally to continue ” Bitcoin (BTC) price broke upward in the first half of October, resulting in a rally from $10,500 to $11,700. However, the momentum may be shifting once more as strength diminishes across the cryptocurrency market. A similar setup also happened prior to Bitcoin’s latest…
“# Bitcoin price metric suggests $15K surge after US elections — report ” Bitcoin (BTC) has support to climb all the way to $15,000 if historic trends repeat themselves this year, a new report says. Compiled by crypto index fund provider Stack Funds on Oct. 15, the report highlights Bitcoin’s market cap vs. realized cap…