Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC

Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTCA number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well flow into precious metals and crypto-asset markets. Moreover, other investors have […]

The post Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC appeared first on Bitcoin News.

Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT

Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORTDuring the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the daily performance of Bitcoin on any given day. Bitcoin.com Exchanges Adds Amun’s BTCSHORT Inverse Token […]

The post Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT appeared first on Bitcoin News.

S2F Hopium: Report and Twitter Critics Find Flaws With Bitcoin’s Stock-to-Flow Ratio

S2F Hopium: Report and Twitter Critics Find Flaws With Bitcoin Stock-to-Flow RatioIn mid-April, news.Bitcoin.com researched the popular stock-to-flow (S2F), which shows the price of a single bitcoin reaching $55K and even six figures. At the time, analysts questioned measuring bitcoin’s price in this manner and more recently, a few others have been criticizing the method as well. Just recently, a research report written by the author […]

The post S2F Hopium: Report and Twitter Critics Find Flaws With Bitcoin’s Stock-to-Flow Ratio appeared first on Bitcoin News.

12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish

12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small FishAccording to recent data, crypto participants known as ‘bitcoin whales’ have been steadily accumulating bitcoins, and not selling since the ‘Black Thursday’ market carnage on March 12, 2020. Onchain data and blockchain analysis firms indicate that the number of bitcoin whales with 1,000 to 10,000 BTC or more on a single address has increased significantly. […]

The post 12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish appeared first on Bitcoin News.

Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps

Market Outlook: Bitcoin's Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures GapsDigital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively as many are starting to feel like the […]

The post Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps appeared first on Bitcoin News.

Market Update: Uncertainty Remains Thick as Bears Claw Bitcoin Price Below $6K

Market Update: Uncertainty Remains Thick as Bears Claw Bitcoin Price Below $6KBitcoin’s price has been dragging downward and on March 29, BTC’s fiat value slipped beneath the $6K zone. Most of the top ten cryptocurrencies are down between 5-8% in the last 24 hours. As the global economy falters and the halving approaches, people are uncertain about the future price of bitcoin as “safe-haven” theories have […]

The post Market Update: Uncertainty Remains Thick as Bears Claw Bitcoin Price Below $6K appeared first on Bitcoin News.

400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020

400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020San Francisco-based exchange Kraken conducted a poll that stems from the responses of 400 “VIP” cryptocurrency traders. Despite the current economic climate, surveyed participants indicate they still believe the cryptoconomy is in a “bull market.” Moreover, Kraken’s survey respondents think BTC prices will touch a new all-time high at $22,866 per coin. Also read: 2x […]

The post 400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020 appeared first on Bitcoin News.

Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom

Edward Snowden 'Felt Like Buying Bitcoin' While Traders Hunt for the Market BottomFollowing three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter of hours on March 12. Not only did ‘Black Thursday’ wreck traditional markets, but gold and bitcoin felt the brunt as well. Amidst the sell-off, the whistleblower Edward Snowden said that he “felt […]

The post Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom appeared first on Bitcoin News.

Bitcoin Gold Whale Allegedly Controls Half the BTG Supply

Study Claims BTG Whale Managed to Capture Close to Half the Bitcoin Gold SupplyAccording to a recent study, bitcoin gold (BTG) market prices are being manipulated by a single whale who holds a significant portion of the bitcoin gold in circulation. The Bitcoin Gold network was recently hit with a 51% attack that caused two blockchain reorganizations. The team of BTG developers introduced a new soft fork concept […]

The post Bitcoin Gold Whale Allegedly Controls Half the BTG Supply appeared first on Bitcoin News.