The CTO of Glassnode, Rafael Schultze-Kraft, has highlighted several Bitcoin (BTC) statistics, metrics, and recent developments that indicate an ongoing supply and liquidity crisis in the cryptocurrency. He pointed out that the well-known maximum supply of Bitcoin, which stands at 21 million, is smaller than popularly believed. He noted that about 3 million Bitcoins (16%of […]
While many financial assets have recorded in 2020 as a bad year, Bitcoin (BTC) has had a remarkable run and has grown by more than 220% on a year-to-date basis. Q4 2020 has turned out to be the most favorable for the benchmark cryptocurrency, as it has doubled its value since October and has recorded […]
Following a highly volatile week that ushered in a new era of the $20k level and a new all-time high around $24k, Bitcoin (BTC) fell into a slight consolation. However, the consolidation phase was rudely disrupted by a fresh leg up yesterday, which helped the cryptocurrency break the $24k barrier and record a new ATH […]
Since its creation, Bitcoin (BTC) has gotten compared to gold (XAU) because of some similarities, like limited supply. Although Bitcoin has struggled to live up to that comparison in the past, it has done tremendously well to bridge the gap as corporate investors adopt the benchmark cryptocurrency. Meanwhile, many institutions have gone as far as […]
Bitcoin (BTC) has continued to attract multiple investments from institutional investors over the past few months. The latest corporate investor to hop on the Bitcoin train is a Connecticut-based hedge fund that majors in volatile investments—One River Asset Management. The Chief Executive Officer of the firm, Eric Peters, announced that the company established a separate […]
2020 continues to bring more institutional investors for Bitcoin (BTC), as Ruffer joins the trend. Ruffer Multi-Strategies Fund, a UK-based investment company, has earmarked 2.5% of its portfolio for Bitcoin. The company controls about $620 million in assets under management, putting its BTC investment of about $15 million. The firm noted that the Bitcoin purchase […]
Bitcoin (BTC) and other altcoins have been trading on a mixed sentiment for a while now, as investors struggle to get any clarity on the crypto market’s next move amid the presence of intense volatility. Last week, Bitcoin plunged as low as $17,600 before finding some support, which sent it on a rebound. Last night, […]
2020 saw numerous prominent and institutional investors give recognition and take a huge stake in Bitcoin (BTC). Whether it as a result of the coronavirus-induced economic crisis, Bitcoin’s maturation, the recent BTC halving event, or something entirely different, the fact remains that Bitcoin has been further catapulted into the limelight this year. One of the […]
After only two days since its foray to the $17,500 area, Bitcoin (BTC) appears to have recovered fully after a dramatic spike to the $19k region over the weekend. Several other Altcoins joined in on the weekend rally, except for Ripple (XRP), which remains bearish following the Spark (FLR) airdrop snapshot. On Friday, the benchmark […]
