Category: Price Watch
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High-net-worth Bitcoin investors aren’t all bearish—potential reasons why
High-net-worth investors are not all that bearish on Bitcoin despite the recent drop. Since its yearly peak, BTC plummeted by nearly 17%, but major investors do not seem fazed. There are several potential reasons why whales and high-net-worth investors are not bearish in the medium term. First, before the drop happened, as CryptoSlate reported, the…
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Bitcoin derivatives market hasn’t been this wrecked since the March crash
On November 26, the Bitcoin futures market recorded nearly $800 million in long contract liquidations alone. It marked the worst day for the derivatives market since the March 12 crash. Almost 800 mil in long liquidations alone. The derivs market hasn’t gotten this rekt since the black swan in March.$BTC pic.twitter.com/omNoJUPXi3 — Byzantine General (@ByzGeneral)…
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This upcoming 45 billion token airdrop is one of the reasons why retail is pumping XRP
XRP has gone up over 60% in the past week, and over 100% compared to two months ago. But what’s driving up interest in the payments protocol? An upcoming airdrop seems to be the likely answer. Enter Flare Network and SPARK tokens Flare Network, a smart contract network, announced its airdrop to XRP holders earlier…
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Bitcoin has been massively outperforming gold in November—but why?
The price of Bitcoin has been hugely outperforming gold throughout November. While BTC is aiming for an all-time high as it hovers above $19,200, gold is declining. Since the November peak, the price of spot gold has declined by over 8%. In the same period, BTC has increased by more than 24%, demonstrating a parabolic…