Category: Analysis

Wall Street fund manager that called for $400,000 Bitcoin tells followers to “take money off the table”

In 2018, the reoccurring “meme” in crypto space was that institutions were coming to accumulate Bitcoin, to save the then-volatile market and set it on a path of growth. In 2020, this meme became reality as prominent fund managers and corporations began to accumulate Bitcoin. It began with Paul Tudor Jones, a legendary macro hedge…

January 11, 2021
Breaking down the 20% Bitcoin market crash: over $2.8 billion liquidated

It’s been a bloody past day for the Bitcoin and broader crypto market. Early this weekend, the cryptocurrency market was gunning for new all-time highs: Ethereum had pushed to $1,350, altcoins were up by double digits, and Bitcoin was holding key supports in the $40,000-41,000 region. Now, Bitcoin trades for $30,600 and Ethereum trades for…

January 11, 2021
Why the Bitcoin price suddenly fell 5% in three hours—and where it goes next

The price of Bitcoin abruptly fell by over 5% in just three hours on January 10. Analysts generally attributed the volatility to an overheated derivatives market and the new upcoming weekly candle. Why some technical analysts expected this move Some traders and technical analysts anticipated Bitcoin to pullback, due to the range it has seen…

January 10, 2021
Parabolic Bitcoin market cap sees BTC briefly top Facebook valuation

A fantastic run of form from Bitcoin has resulted in a new all-time high market cap of over $760 billion. Gemini Exchange Co-founder Cameron Winklevoss pointed out that this now puts Bitcoin above Facebook in terms of valuation. #Bitcoin has surpassed Facebook $FB in market cap. Makes sense that a money network would be more…

January 10, 2021
Bitfinex whale “claims” $1.7 billion Ethereum long opened in March 2020

If you’ve been on Crypto Twitter any time over the past year, you’ve likely seen much discussion about Bitfinex’s Ethereum market. Bitfinex publishes a live feed of the number of longs there are open in its markets. Analysts had noted that there was a strong influx of Ethereum longs this past year. It reached a…

January 9, 2021
Bitcoin is now worth half of all silver in the world

With a market cap of almost $780 billion, Bitcoin is currently worth half of all the silver that has ever been mined. According to data from Infinite Market Cap, Bitcoin has also surpassed tech giants Facebook, Tencent, and Alibaba in terms of market cap, as well as Warren Buffett’s Berkshire Hathaway. Facebook, Tencent, Alibaba dethroned…

January 9, 2021
Macro investor says Ethereum price growth looks similar to Bitcoin’s in 2016-2017

Ethereum has undergone a remarkable rally over the past seven days. Per CryptoSlate market data, the cryptocurrency has gained 65 percent in the past seven days and over 100 percent in the past month. Chart of ETH’s price action over the past two weeks from TradingView.com The cryptocurrency’s price action has begun to outpace that…

January 9, 2021
If Bitcoin follows the path it set during the 2016 halving, it’ll reach $286,000 by October

Bitcoin has exploded over 100 percent higher over the past four weeks, moving from $20,000 to highs around $42,000. While the cryptocurrency is facing an ongoing retracement, analysts are confident that it is still on a path of growth on a macro scale. According to Ecoinometrics, a cryptocurrency data outlet, Bitcoin is likely to rally…

January 8, 2021
Billionaire investor Chamath maintains the view that Bitcoin price will pass $100,000

Bitcoin has undergone a remarkable rally over recent weeks. The cryptocurrency is up over 100 percent from where it was just a month ago, with BTC pushing past $40,000 on Thursday. Chart of BTC’s price action over the past two and a half weeks. Source: BTCUSD from TradingView.com Analysts are divided over what comes next…

January 8, 2021
Why Allianz chief economist says Bitcoin surging will fuel an “interesting conversation”

Mohamed A. El-Erian, the chief economist at Allianz, said the Bitcoin price surging to a new all-time high at $38,000 could fuel an “interesting conversation.” El-Erian’s comment comes after the U.S. Capitol in Washington, D.C. was stormed on January 7. 52 people were arrested and multiple fatalities were recorded, according to reports. Following the event,…

January 7, 2021