According to CryptoQuant, the number of Bitcoins (BTC) left on cryptocurrency exchanges has been depleting continuously for about a year. The on-chain analytics firm noted that BTC held in exchange wallets reached an all-time high around three million during the liquidity crisis in March 2020, which saw Bitcoin fall below $4,000. As the cryptocurrency began […]
Bitcoin (BTC) is set to close its first weekly candle for the new year on a very bullish note, as the benchmark cryptocurrency records a fresh all-time high on Friday. BTC hit the $42k price tag for the first time in history before retreating lower over the ensuing hours. This rally came about shortly after […]
Mike McGlone, the Senior Commodity strategist at Bloomberg, asserted that Bitcoin (BTC) is a better investment than gold in January 2021. McGlone is one of the few mainstream analysts who are believers in Bitcoin. The analyst was bullish on BTC even during its bear market in 2018. In November 2020, McGlone correctly predicted that BTC […]
Bitcoin (BTC) continues to create massive boosts for the entire cryptocurrency industry over the past few weeks and is showing no signs of a slowdown. At press time, the benchmark cryptocurrency is trading above the $35k level after a 7% rally earlier today. This is a massive rally considering that it’s a rebound from a […]
Strategists at one of America’s biggest banks, JPMorgan Chase & Co, are comparing Bitcoin (BTC) to the traditional store of value assets, like gold. The analysts, led by Nikolaos Panigirtzoglou, are asserting that the benchmark cryptocurrency—which is currently at $33k—could rise by about 4.4 times in the long-term to hold a price of $146,000. According […]
Bitcoin (BTC) traded haphazardly earlier today, after sharply dropping by $5,800 in just a few hours, after which it recovered modestly. The decline caused the cryptocurrency to fill the recent CME gap at $29,000. The Chicago Mercantile Exchange (CME) allows institutional investors to trade BTC on a more regulated platform. However, this platform is open […]
Bitcoin (BTC) has recorded yet another leg up, as the benchmark cryptocurrency records a fresh all-time high near $35k. Just a few weeks ago, this price range was deemed unattainable by many speculators. The cryptocurrency has recorded consecutive record highs over the past few days, with no sign of a slowdown. That said, here are […]
Bitcoin (BTC) has been on a roll for the past few days. Following a recent recovery from a drop to the $26k level, the benchmark cryptocurrency rebounded dramatically, snapping the $29k barrier and recording a new ATH around $29,300 some days ago. However, on the last day of 2020, bears gained control and forced BTC […]
CME’s Bitcoin (BTC) futures, Initiated in late 2017, helps institutional investors trade the benchmark cryptocurrency on a more regulated platform. However, this regulation comes with some time constraints, requiring that the platform be closed on weekends and during public holidays. However, Bitcoin is a free market asset that trades 24/7 and is operational even on […]
