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Bitcoin Price Analysis: BTC Plunges $300 in 2 Hours, Here’s Why

Bitcoin bears appear to have come out of hibernation today. According to the latest data from Glassnode, Bitcoin hourly addresses hit a 2-year high today and hourly active addresses set at a new yearly high. READ: 53% of Bitcoin Options Just Expired, Marking a Historic Milestone While these figures might sound promising, they have coincided Read more…

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Cryptocurrency News

Ethereum’s Vitalik Buterin challenges forecast saying the halving may boost Bitcoin’s price, joining stock-to-flow critics

If you were to ask a Bitcoin investor what makes the cryptocurrency valuable, they would likely say something about the cryptocurrency’s block reward “halvings.” Every four years, the number of BTC issued per block gets cut in half, resulting in an effective 50 percent reduction in the inflation rate of the cryptocurrency. The argument is Read more…

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Bitcoin Cryptocurrency News

Bitcoin Price Must Break This Level to Turn Bullish Again

After breaking above $9,000 and finding support, Bitcoin price is seeking direction again. But the leading asset must cross over the $9,500 resistance to initiate another bull rally, analysts state. Bitcoin Price Bounces Off $8,550, Faces Resistance Above $9,000 Bitcoin price managed to bounce off the recent lows in the $8,500 range. But standing above Read more…

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Bitcoin Cryptocurrency News

Can the Total Crypto Market Cap Hit $10 trillion by 2023?

Popular YouTube crypto analyst, Benjamin Cowen, has been considering the logarithmic regression band for the total cryptocurrency market cap in his latest video, and based on his analysis, thinks that the total digital asset market cap could hit $10 trillion during the next bull run. What’s A Logarithmic Regression Band? While it may sound like AI-generated Read more…

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Bitcoin Gains Since 2010: Ever Wonder How Rich You’d Be By Now?

Flash crashes aside, bitcoin is still up an impressive 34% YTD. Of course, that’s nothing when comparing it to BTC’s all-time ROI. If you’d bought one bitcoin in March 2010 when its pricing history began you’d have made gains of a staggering 320,000,000% today. Of course, there are very few people who had even heard Read more…

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Bitcoin Cryptocurrency News

Bitcoin More Likely to Hit $10K in 2020 than Dip to $5K

Bitcoin is still in a consolidating bull market, shows the 2020 prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Bitcoin Evaded the Worst Scenario of Fast Slide, So Far The behavior of BTC has been erratic in the last months of 2019, leading to even more erratic predictions for the next year. But Read more…

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Bitcoin Cryptocurrency News

Bitcoin Road to $100K: Peter Brandt Explains the When and How

Bitcoin is heading towards the $100,000 mark, according to veteran commodity trader Peter Brandt, who shared his analysis in a new video clip. However, there is a scenario in which the oldest cryptocurrency turns bearish in the near-term. Bitcoin is at Crossroad Area According to Brandt, Bitcoin is still moving within its historic bull trend, Read more…

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Bitcoin Cryptocurrency News

Bitcoin Price to Continue Upward Trajectory Over the Next 5 Years

Despite the recent price struggles for bitcoin, Spencer Bogart says the top-ranked crypto will continue to see an upward growth trajectory in the next five years. The Blockchain Capital partner also doesn’t see Chinese policies as having a significantly negative impact on BTC’s performance. Bitcoin Price Will Perform Better in the Next Five Years In Read more…