Tag Archives: Bitcoin (BTC) Price

Eleven years ago, in March 2010, a group of enthusiasts from the bitcointalk forum played what was touted as the first bitcoin forum online poker challenge event. The creator organized it using 1500 bitcoins as rewards, which were worth around $120 at the time. Fast-forward to March 2021, and that same amount costs more – significantly more – about $80,000,000.BTC Used In a Friendly Poker GameThe year is 2010, and bitcoin is still a baby with essentially nonexistent applications. This is far...

After several days of price slumps, bitcoin has bounced off and neared the $55,000 level. Despite this increase, though, its market dominance has suffered as most altcoins have added more value in a day. Ethereum has jumped to $1,700, BNB is above $250 again, and Cardano has increased to $1.20.BTC Recovers to $55KThe past several days didn’t go well for the primary cryptocurrency. Following a pro-BTC announcement from Elon Musk’s Tesla, the asset spiked to above $57,000. However, the...

It was a tough week in the cryptocurrency market as the majority of it is in the red. The big exception this week is THETA which skyrocketed and found a place in the top 10.BitcoinBitcoin is down by a total of 8% over the past week of trading as the cryptocurrency currently trades at $53,330. It attempted to break resistance at $60,000 last weekend but failed. As a result, it started to head lower on Sunday and went on to break beneath the March ascending trend line on Monday.After that,...

Institutions taking profits and rising interest rates have pushed bitcoin down in the past week, said the Director of Research at Forbes Crypto – Steven Ehrlich.Simultaneously, he outlined Ethereum’s growing adoption among institutions and the role it plays behind DeFi and NFT as the main reasons why ETH has outperformed BTC last year and continues to do so in 2021.Bitcoin’s Run Is in Exhaustion PhaseEver since October 2020, the primary cryptocurrency has been on a roll that saw its price...

Despite dumping by nearly $10,000 in a few days, bitcoin’s price has still increased by about 80% in the first quarter of the new year. This makes it the best-performing Q1 in eight years, and history shows that it could propel an even more impressive Q2.BTC’s Best Q1 in Eight YearsThe primary cryptocurrency entered the new year at around $29,000. It didn’t take long to reaffirm its bull run and overcome several round-numbered milestones such as $30,000, $40,000, $50,000, and just a few weeks...

Over 80% of participants in a recent poll answered that they believe bitcoin will be within a six-digit price territory by the end of the year. While only 16% said that BTC would be beneath $100,000, this only attests to the difference several months can make on the general sentiment in the crypto community.Bitcoin to Above $100K, the Majority PredictedThe popular crypto proponent going by the Twitter handle PlanB, also known in the community as the creator of the stock-to-flow model and its...

Bitcoin dropped by a sharp 10% over the past 24 hours as it headed towards $50K. The cryptocurrency has been falling throughout the entire week after slipping beneath an ascending trend line around the previous ATH from February at around $58,300, back on Monday.It initially found support at $54,000, but it was broken down yesterday, causing Bitcoin to fall further into the .618 Fib Retracement at $51,540. Today, the price decline continued as the 10% price fall caused BTC to record a current...

As bitcoin’s price added roughly $4,000 in a day, on-chain data shows that miners have enhanced their holding mentality and stopped disposing of their coins.At the same time, institutional investors continue accumulating large portions of BTC after another sizeable withdrawal from Coinbase worth over $800 billion.Miners HODLMiners, also known as the backbone of the Bitcoin network, receive coins as rewards for the work they put in to maintain BTC’s blockchain. Their behavior and approach...

Bitcoin dropped by a sharp 3% today as the cryptocurrency falls to the current $55,000 level. It attempted to break above $60,000 over the weekend but it failed to close a daily candle above $58,355. As a result, BTC slipped from $58,300 yesterday and fell beneath the March ascending trend line to reach as low as $53,700. It rebounded by the end of the day to close the candle at $54,000.Earlier today, Bitcoin spiked further lower to reach as low as $52,930. Luckily, it found solid short-term...

Despite reaching a new yearly-high recently, the Bitcoin velocity metric is still far from the previous bull runs. It means that investors are mainly regarding BTC as a store of value instead of a medium of exchange and hinted that the ongoing bullish cycle is far from its top.Store of Value Status Says BTC’s VelocityAccording to the analytics company CryptoQuant, Bitcoin’s velocity is a “measurement of the rate at which BTC is circulating in the economy.” In other words, it shows if the...