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In summary:Veteran Bitcoin analyst, Willy Woo, has concluded that the economic effects of COVID19 halted BTC’s bull run prior to and after halving.Woo is however optimistic that we are close to another bullish run.The longer it takes for Bitcoin to kick start on a bull season, the higher the probability
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Bitcoin’s price action has been rather volatile over the past two weeks, with the asset whipsawing between the $8,000s and $10,000s.In the past week alone there was approximately $250 million worth of position liquidations on BitMEX alone due to the volatility, according to data shared by crypto derivatives tracker Skew.com.Yet
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Just before Bitcoin experienced its third halving, which cut the block reward from 12.5 BTC to 6.25 BTC, the miner who extracted the cryptocurrency’s final block had a special message for all HODLers.F2pool, the miner responsible for the extraction of block 629,999, printed a New York Times headline into the
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Bitcoin (BTC) just broke past $9,000 at 3.30am UTC. The price recovery far outpaces the Dow Jones Industrial Average, or Dow, one of the mainstream market's key barometers. Since its bottom near $3,850 on March 13, Bitcoin has pumped more than 130% in price, according to TradingView.com chart data. At its
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In a recent discussion with Morgan Creek Digital Partner Anthony Pompliano, Social Capital CEO and former Facebook executive Chamath Palihapitiya asserted that the price of Bitcoin (BTC) will either reach “millions,” or go to “zero.”For Palihapitiya, the question of whether Bitcoin succeeds will be determined by whether the architects
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It goes without saying that Bitcoin’s price action over the past few weeks has shaken many digital asset investors in the industry. The crash from $10,000 to $8,400 liquidated dozens of millions worth of leveraged positions, forcing many on the sidelines, data from Skew.com shows.Unfortunately, the cryptocurrency is likely to retest $8,400 once
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As anyone who has read the Bitcoin History series (or lived through the period in question) will know, the Bitcointalk forum was
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The renowned Mike Novogratz, founder of digital assets merchant bank Galaxy Digital, has once again voiced his predictions on the price of Bitcoin (BTC) in light of the impending Bitcoin halving set for May 2020. According to Novogratz, the inceptive cryptocurrency will likely breach the $20,000 benchmark in 2020.The
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Bitcoin has long been disregarded as a speculative asset class that is doomed to fail by mainstream media outlets around the world.The apathy toward the world’s preeminent cryptocurrency has been embodied by countless articles that have either hailed the death of Bitcoin or predicted its impending demise.For the past
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Following Bitcoin’s (BTC) sudden jump earlier in the day, altcoin markets have also entered the green zone, with some of the major cryptocurrency markets registering solid growth.Cryptocurrency market daily overview. Source: Coin360Bitcoin had been hovering around $7,500 during the day until it suddenly surged over $500 in just five
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