Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action

Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says. In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast. Next stop $85,000 for BTC/USD Despite BTC/USD being kept below $50,000 this week, on-chain metrics… Continue reading Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action

MicroStrategy Bought More BTC… Then the Price Fell.

Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap. MicroStrategy Just Keeps… Continue reading MicroStrategy Bought More BTC… Then the Price Fell.

Bitcoin Holds $900 Billion Market Cap Level

Bitcoin stayed above the market capitalization of $900 billion on Friday after the world’s largest digital asset held the price level of $48,000. BTC is up by nearly 4% in the last seven days, but its network activity jumped significantly during the mentioned period. Santiment, one of the leading on-chain analysis firms, recently highlighted a… Continue reading Bitcoin Holds $900 Billion Market Cap Level

Believe It Or Not, Bitcoin Maxis, Altcoin Season Might Not Have Yet Begun

Because Bitcoin is the first ever cryptocurrency, it often has a cult-like following of investors who won’t touch an altcoin no matter the potential ROI or promise behind the technology. But the recent alt season has investors in profit from the bull run converting BTC into other coins in search of better performance. After such… Continue reading Believe It Or Not, Bitcoin Maxis, Altcoin Season Might Not Have Yet Begun

There’s a Bitcoin boom among Baby Boomers, reports BTC Markets

Australian cryptocurrency exchange BTC Markets has observed a significant uptick in older clients using its platform over the past financial year. More older Australians are viewing crypto assets as viable investments, according to data provided by one of the country’s oldest and largest exchanges. In its annual “Investor Report,” BTC Markets, which started in 2013,… Continue reading There’s a Bitcoin boom among Baby Boomers, reports BTC Markets

Grayscale’s Cryptocurrency AUM Surpasses $43 Billion Level

Grayscale, the Stamford-based cryptocurrency asset management firm, recently released an update about the total value of its digital assets under management (AUM). The company saw a jump of approximately $1.5 billion in the overall value of its crypto AUM in the last 24 hours after Bitcoin and Ethereum saw strong bullish momentum. According to Grayscale,… Continue reading Grayscale’s Cryptocurrency AUM Surpasses $43 Billion Level

Bitcoin historical data reveals strategy to pick the right iPhone 13

Bitcoin (BTC) and Ether (ETH) historical data make selecting the right Apple iPhone 13 model quite easy for crypto enthusiasts. Apple unveiled four different smartphone models on Tuesday, the iPhone 13 and iPhone 13 mini, with a new camera layout, as well as the Super Retina XDR display-bearing iPhone 13 Pro and iPhone 13 Pro… Continue reading Bitcoin historical data reveals strategy to pick the right iPhone 13

Bitcoin and Ether Market Update September 16, 2021

Total crypto market cap added $149 billion to its value for the period since Monday and now stands at $2.18 trillion. The top ten coins are mostly in green for the last 24 hours Ethereum (ETH) and Cardano (ADA) leading the group with a 6.1 and 3.3 percent of increase respectively. At the time of… Continue reading Bitcoin and Ether Market Update September 16, 2021

Bitcoin has now been above $10K for a whole year

Bitcoin (BTC) has now traded above $10,000 for an entire year, as expectations demand $100,000 before the end of 2021. While hodlers impatiently wait for new all-time highs, BTC price action is celebrating the first of what is likely many anniversaries. BTC/USD: One year in five figures On Thursday, BTC/USD officially hit 365 days trading… Continue reading Bitcoin has now been above $10K for a whole year

Bitcoin Transaction Fees Hit One-Year Lows, How Does This Affect The Price?

Bitcoin transaction fees are usually an indication of how holders are moving their coins around. When the network gets congested due to a high number of transactions, the transaction fees go up, indicating a high volume of traffic on the network. Transaction traffic usually is high around bull markets when the price of the digital… Continue reading Bitcoin Transaction Fees Hit One-Year Lows, How Does This Affect The Price?

Bitcoin miner maker Canaan records highest quarterly profit since 2019 IPO

Despite the price decline for Bitcoin (BTC) in Q2 2021, mining hardware maker Canaan has recorded significant business gains during the period. According to Canaan’s unaudited Q2 financials published on Tuesday, the company recorded over $1 billion Chinese renminbi (about $167.5 million) in total net revenue for Q2. This figure marks the highest quarterly sales… Continue reading Bitcoin miner maker Canaan records highest quarterly profit since 2019 IPO

Bitcoin bull run expected as ‘exhausted’ bears sell at a loss

Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms. In a tweet on Tuesday, Philip Swift, an analyst at trading suite platform Decentrader, espied an ongoing bullish trend in spent output profit ratio (SOPR). Bitcoin bears run out of FUD SOPR, a classic metric for determining oversold… Continue reading Bitcoin bull run expected as ‘exhausted’ bears sell at a loss

MicroStrategy Deepens Its Crypto Bet With Another $240 Million Spent On Bitcoin

MicroStrategy has stuck to its bitcoin strategy through thick and thin. At this point, every dip seems to be a buying opportunity for the firm, which has completely thrown its weight behind bitcoin. Its CEO Michael Saylor is a maximalist that believes the future is bitcoin. MicroStrategy has been upping its bitcoin investment through the… Continue reading MicroStrategy Deepens Its Crypto Bet With Another $240 Million Spent On Bitcoin

Crypto Market Cap Stays above $2 Trillion

The total market capitalization of crypto assets jumped by more than $50 billion in the last 24 hours after Bitcoin (BTC) and Ethereum (ETH) saw strong gains yesterday. According to Coinmarketcap, the overall market cap of cryptocurrencies currently stands at around $2.08 trillion. Bitcoin, the world’s largest crypto asset, is currently trading near $46,000 with… Continue reading Crypto Market Cap Stays above $2 Trillion

Nigeria's CBDC 'a Safer Option' Than Privately Issued Cryptocurrencies: Central Bank Official – Emerging Markets Bitcoin News

As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.” Payment System Stability In addition, the CBN’s digital currency — also known as the e-naira —… Continue reading Nigeria's CBDC 'a Safer Option' Than Privately Issued Cryptocurrencies: Central Bank Official – Emerging Markets Bitcoin News

Bitcoin Set To Become Legal Tender In Ukraine — Crypto At The Top Of Its Financial Agenda

Key takeaways Ukraine is likely to become the next country to adopt Bitcoin as legal tender. Number of countries giving cryptocurrencies legal status is growing after El Salvador adopts Bitcoin. Bitcoin is becoming more of a global phenomenon as more countries are paying attention to adopting it as a currency standard. According to experts, Ukraine… Continue reading Bitcoin Set To Become Legal Tender In Ukraine — Crypto At The Top Of Its Financial Agenda

Bitcoin (BTC) Fails to Recover Above $45K While Several Altcoins Defy Market-wide Slump

The BTC price struggles to reclaim the $45K level after sliding from a local high above $46K over the weekend. Bulls are still struggling to recover from a recent flash crash that took the coin towards $42K on El Salvador’s “Bitcoin Day.” These Altcoins Moved against the Market Slide Data from crypto monitoring website Santiment… Continue reading Bitcoin (BTC) Fails to Recover Above $45K While Several Altcoins Defy Market-wide Slump

Bitcoin, Ether, Major Altcoins – Weekly Market Update September 13, 2021

ETH/USD The Ethereum Project token ETH managed to break out of the $3,300 – $3,000 range on August 31 and managed to grow by 21 percent for the period leading to Sunday, September 5. However, it went to face a solid resistance near the previous all-time high daily candle close at $3,920. Bulls were not… Continue reading Bitcoin, Ether, Major Altcoins – Weekly Market Update September 13, 2021

Ukraine Regulates BTC, Gives Crypto an Official Green Light

Ukraine is now the latest country in the world to legalize and regulate bitcoin and cryptocurrency. Up until this point, the world’s number one digital asset has existed in something of a gray space within the country’s borders, but now it looks like the nation is moving forward with BTC use, suggesting that the asset… Continue reading Ukraine Regulates BTC, Gives Crypto an Official Green Light

Trading Bitcoin Is Comparable To Trading Stamps. Collapse Looming, Says Sweden Central Bank Governor

Bitcoin, and cryptocurrencies in general, has been a controversial topic for a long time. There are many words for what cryptocurrencies pretend to be but are not: decentralized, safe, fair, valuable, stable, a currency, honest, a solution, the future. Much like many other central bankers, Sweden’s Central Bank governor is very skeptical about Bitcoin trading.… Continue reading Trading Bitcoin Is Comparable To Trading Stamps. Collapse Looming, Says Sweden Central Bank Governor

Trading Bitcoin Is Comparable To Trading Stamps. Collapse Looming, Says Sweden Central Bank Governor

Bitcoin, and cryptocurrencies in general, has been a controversial topic for a long time. There are many words for what cryptocurrencies pretend to be but are not: decentralized, safe, fair, valuable, stable, a currency, honest, a solution, the future. Much like many other central bankers, Sweden’s Central Bank governor is very skeptical about Bitcoin trading.… Continue reading Trading Bitcoin Is Comparable To Trading Stamps. Collapse Looming, Says Sweden Central Bank Governor

Robert Kiyosaki Is Building His BTC Portfolio as He Prepares for Possible Market Plunge

Robert Kiyosaki – the author of the bestselling book “Rich Dad, Poor Dad” – has said in a recent tweet that he is hoarding bitcoin, gold, and silver in anticipation of a major market crash that he predicts could come as early as the end of the year. Robert Kiyosaki On Why He’s Hoarding BTC… Continue reading Robert Kiyosaki Is Building His BTC Portfolio as He Prepares for Possible Market Plunge

Bitcoin price risks losing weekly uptrend as NFT launch sends Tezos (XTZ) to 3-month highs

Bitcoin (BTC) ranged below a critical weekly close target on Friday as analysis warned its multi-week uptrend was in danger. BTC price lags $1,500 below crucial level Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at around $46,000 Friday after rejecting near $47,450 the day before. That level marks the lower bound of… Continue reading Bitcoin price risks losing weekly uptrend as NFT launch sends Tezos (XTZ) to 3-month highs