Tag Archives: Bitcoin

Still too early to know if Bitcoin will remain top dog, Wall Street vet says

Bitcoin has thus far remained the largest crypto asset in terms of market capitalization since its launch in 2009. Given the thousands of other cryptocurrencies that have come into existence over the years, could any of them ever become larger than Bitcoin (BTC) in terms of market cap? “We are in the top half of […]

Stablecoins Reserve Hits A New ATH, What Does It Mean For Bitcoin’s Price?

On-chain data shows stablecoins reserve has hit a new all-time-high (ATH), here’s what it could mean for Bitcoin’s price based on past patterns. Stablecoins All Exchanges Reserve Achieves New ATH As pointed out by a CryptoQuant post, the all exchanges stablecoins reserve has spiked up and reached a new ATH. Past pattern of the indicator […]

4 Reasons Why Bitcoin Is Bullish, What Might Bring New ATHs

Bitcoin has seen some downside action in the past 24 hours, as it was rejected north of $50,000. The first cryptocurrency by market cap trades at $49,207 with a 2.1% loss in the daily chart. BTC moving sideways after rejection at $50K in the daily chart. Source: BTCUSD Tradingview Investors and experts are keeping a […]

Riot Blockchain reports 1,540% increase in quarterly revenue from Bitcoin mining

Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021. In its Aug. 23 quarterly financial report, the U.S.-based firm reported $31.5 million in mining-related revenues for the three-month period — up roughly 1,540% from its Q2 2020 revenue of $1.9 million. The surging mining revenues drove a record quarterly net […]

This Bitcoin Metric Suggests Rally Past $50K Is Sustainable

Bitcoin broke the $50,000 mark for the first time this weekend. The first cryptocurrency by market cap saw a pullback and now trades at $49,554 with a 2.2% and 5.4% profit in the daily charts, respectively. BTC dropped in the daily chart. Source: BTCUSD Tradingview The general sentiment in the market has flipped bullish, but […]

Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin

Bitcoin is still headed for the moon even as the weekend goes on. The price of the asset has not seen much in the way of a downturn following its massive price increase from last month. Overall sentiments in the crypto market are still very positive, as evidenced in the Fear & Greed Index. The […]

Bitcoin gains strength as Friday’s $600M BTC options expiry approaches

In the past 7 days, Bitcoin (BTC) failed to break through the $48,000 resistance, but the price remained flat even as Minneapolis Federal Reserve chairman Neel Kashkari bashed the industry.  During an appearance at the Pacific NorthWest Economic Region annual summit on August 17, Kashkari said: “So far what I’ve seen is…95% fraud, hype, noise […]

New data suggests Bitcoin could see BTC price ‘double bubble’ top in 2021

Bitcoin (BTC) is facing a “double bubble” and will see two price tops this year, fresh data suggests. In a tweet on Aug. 18, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle. Bitcoin gears up for second peak Bitcoin has divided opinion […]

Survey Shows 3 in 4 Crypto Investors Turned a Profit Investing, Crypto Represents 12% of Millennial Portfolios – Bitcoin News

Digital currencies have seen significant gains in 2021 jumping 154% in value since January 1. On August 18, Cryptovantage published a study that shows 3 in 4 crypto investors said they had made money on their crypto holdings and cryptocurrencies represent 12% of the average millennial portfolio. 3 in 4 Digital Currency Investors Have Profited […]

Afghan Central Bank’s $10B Confiscated by US, Biden Halts USD Shipments to Afghanistan – Economics Bitcoin News

The war in Afghanistan has been an extremely long conflict since the United States invaded the country in 2001, in order to drive the Taliban from power. After a messy exit, the U.S. occupation in Afghanistan has been compared to mistakes made during the Vietnam War. Now that U.S. forces have left Kabul in great […]