Bitcoin (BTC) may be struggling to hit $10,000, but its progress is right on track, new stock-to-flow data confirms. Adding a new update to his model on July 1, stock-to-flow model creator PlanB showed that Bitcoin is behaving exactly as its bullish history demands. Bitcoin adds second “red dot” The BTC S2F Cross Asset Model, or S2FX, uses
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Bitcoin (BTC) and other cryptocurrencies have proved to be some of the most volatile assets over the years, keeping many veteran investors skeptical. Yet, believers who have been holding (“or hodling,” as the cryptocurrency community refers to it) the decentralized virtual currency since early or even mid-stages have seen handsome gains. Bitcoin’s Surge And Dip
For all of the grief Bitcoin gets, here’s something entertaining: Someone transferred bitcoins worth close to $1 billion USD on Tuesday morning, a move that was public for everyone to see while the identities of the sender and receiver remain unknown. Big money moves hiding in plain sight tend to be events of some interest among
Morgan Stanley MS, JPMorgan JPM, and Goldman Sachs GS all foresee the gold price rallying by 2021. According to a research paper from Bloomberg, the precious metal’s uptrend can fuel a Bitcoin upsurge. In a paper entitled “June 2020 Edition: Bloomberg Crypto Outlook,” researchers at Bloomberg said that the same forces supporting gold could positively affect Bitcoin. The research
Bitcoin has made its fair share of enemies since it was created a little over ten years ago. The bitcoin price, soaring to around $20,000 per bitcoin in late 2017, thrust cryptocurrencies into the global limelight, prompting governments to clamp down on their use and companies such as Facebook to create their own. Now, legendary investor Jim Rogers has warned bitcoin and similar “virtual
Yesterday, bitcoin price started a fresh decline below USD 9,550. BTC failed to stay above the USD 9,500 support and it declined more than 4%. It tested the USD 9,000 support and recently corrected above the USD 9,200 level. However, the previous support at USD 9,300 and USD 9,350 could prevent the current recovery wave.
Bitcoin (BTC) miners may have started selling coins once more as data shows two mining pools release over 7,000 BTC in a single day. The figures, from on-chain monitoring resource CryptoQuant, came hours before BTC/USD abruptly fell back to $9,500 on June 24. Poolin nears outflow all-time high The mining pools under the spotlight are HaoBTC and Poolin, with the
There are 21 million Bitcoin. That’s it. Once they’re all mined, which should occur in around 2140, no new Bitcoin will enter circulation. The Bitcoin blockchain was designed around the principle of controlled supply, which means only a fixed number of newly minted Bitcoin can be mined each year until a total of 21 million coins
Bitcoin and cryptocurrency investors, feeling bullish amid a broad post-coronavirus crash rally, are seeing massive gains from some smaller cryptocurrencies. The bitcoin price, under pressure since its latest attempt to breach the $10,000 per bitcoin level last week failed, is stuck on a downward trend—but other digital assets are soaring. Following its launch just this week, decentralized finance protocol Compound’s
In a terse exchange about imposing sanctions and tariffs with China, Trump reportedly told Mnuchin: “Don’t be a trade negotiator,” ordering him instead to: “Go after bitcoin [for fraud].” “If you don’t want me on trade, fine, your economic team will execute whatever you want,” Mnuchin retorted. The exchange comes from an excerpt from Bolton’s