Category: Analysis

Ex-Goldman Sachs executive with 98% of his net worth in crypto warns of strong Bitcoin correction

Raoul Pal, CEO of Real Vision, has become one of Bitcoin’s loudest supporters over recent months. After diving back down the crypto rabbit hole in 2018 after first finding Bitcoin in 2012 or 2013, Pal has advocated for cryptocurrencies through multiple outlets: through his Twitter account followed by over 200,000, in Bloomberg interviews, and through…

December 5, 2020
Ethereum options volume hits record high—but why is demand surging?

The volume of the Ethereum options market hit a record high as the demand for ETH increased in recent weeks. It follows the high-profile confirmation of Eth2 release, which was formalized after deposits to the Eth2 contract address reached its threshold. Analysts at Deribit, the largest cryptocurrency options market, said: “Our ETH Option Open Interest…

December 4, 2020
Analyst: Once $20k breaks, throw Bitcoin fundamentals and valuations out the window

Bitcoin has been flirting with $20,000 over the past few days. It has yet to test that level, though on multiple occasions has it approached the level of macro resistance. While it is actually a bit of a misnomer that the coin traded above $20,000 in 2017’s bull market, that level has become a key…

December 3, 2020
See what billionaires holding Bitcoin have to say about the world’s largest cryptocurrency

Bitcoin’s end of the year rally has brought in more people than ever into the space, and that includes some of the richest people in the world. We take a look at the billionaires who allocated a notable part of their portfolio to cryptocurrencies and what they have to say about their decision to diversify…

December 2, 2020
The YFI bull case: why some researchers are becoming more optimistic on Yearn.finance

In recent weeks, Yearn.finance, the decentralized finance (DeFi) giant valued at $854 million, made major acquisitions of other DeFi projects. The aggressive acquisitions and mergers have buoyed the overall market sentiment around YFI. The Great Unbundling $YFI ? How “The Great Unbundling” applies to YFI ? Why I’d rather own YFI vs its “acquired” tokens…

December 2, 2020
Why one analyst is concerned after Bitcoin tapped new all-time highs yesterday

Bitcoin tapped new all-time highs on top exchanges yesterday, reaching $19,950 in some markets. The CME’s Bitcoin futures market also saw a strong surge amid institutional buying activity. There has since been a $1,000 retracement to the high $18,000s. Some analysts are worried that this is the start of a wider correction. Chart of BTC’s…

December 1, 2020
What happens to Bitcoin after 9% plunge in 2 Hours? Analysts explain

The price of Bitcoin dropped 9% in 2 hours and then quickly recovered. Analysts remain divided on the direction of BTC in the near term. The drop occurred as top futures exchanges, like Binance Futures, saw large liquidations across the board. Generally, traders remain optimistic in the medium term, as Bitcoin surpassed its record high.…

December 1, 2020
Community reacts to new Bitcoin all-time high on top exchanges

There it is, a new Bitcoin all-time high. Well, kind of. On at least two top exchanges Bitstamp and Binance, the price of the leading cryptocurrency passed its 2017 highs, reaching the $19,800 region. BTC has yet to surpass the $20,000 price point that many affiliate with “all-time highs” for the coin. Still, everyone is…

November 30, 2020
The real roadblock Bitcoin faces is at $20k—and whales are awaiting

The real roadblock Bitcoin (BTC) faces is at $20,000, near its all-time high. Albeit its record high is different across major exchanges, it already hit its highest price on some exchanges. The weekly price chart of Bitcoin. Source: BTCUSD on TradingView But, whales have not been withdrawing BTC from exchanges at the same rate as…

November 30, 2020
Bitcoin returns to $18,000 as investors are mixed over what’s next for the bull run

Bitcoin is finally showing some strength after a brutal correction to $16,200 earlier this week. The leading cryptocurrency has bounced to $18,000 as of this article’s writing, around 11 percent above the local lows. Chart of BTC’s price action over the past two days. Source: BTCUSD from TradingView The coin is expected to see small…

November 29, 2020