Tag Archives: Bitcoin Bull Run

Bitcoin plunged. It lost somewhere around $13k, or 25% in the past couple of days. It’s not alone. The entire crypto market is bleeding.Data from CoinMarketCap shows that the capitalization lost around $365 billion since Sunday. For reference, last year, on this date, the total market cap of all cryptocurrencies was $283 billion. There’s no sugarcoating it – the crash is substantial, and it might not be over yet.Cryptocurrency Market Cap. Source: CoinMarketCapBut what led to it? Well, there’s...

Popular on-chain analyst Willy Woo believes that bitcoin’s latest rally is here to stay as the asset will not drop beneath $20,000 again.At the same time, more data comparing BTC’s behavior in previous rallies concluded that retail investors have not arrived yet but the cryptocurrency may already be in a liquidity crisis.Bitcoin Won’t Go Down Below $20K?It’s safe to say that bitcoin has been on a roll since Q4 2020. The primary cryptocurrency dabbled with the $10,000 level in late September...

In yet another leg up, Bitcoin recorded a brand new all-time high just shy of $35,000. While this may have seemed surprising a few weeks back, at this point, most are somewhat used to it. The cryptocurrency is charting consecutive highs daily, and it shows no signs of slowing down.The spike may bring some 2017 flashbacks when Bitcoin was going up with no apparent limits, only to plummet nearly 70% the following year. And considering we’re already in a new year after a super bullish December...

Bitcoin’s eye-popping run beyond the psychological $20,000 level has turned profits for almost everyone who invested in the cryptocurrency to date. Also, BTC has appreciated by more than 500 percent this year since the March lows. It is currently among the top investable assets across all financial markets. But what exactly fuelled bitcoin’s rally past the 2017 top? What’s the force behind BTC’s parabolic spurt this year?Death Of The Dollar (Not Yet But The Writing’s On The Wall)The 1D YTD...

MicroStrategy is hodling A LOT of Bitcoin, and it’s coming for more. The corporation just revealed that it’s looking for financing to acquire an additional stash of Bitcoin.The company shared the information in an official announcement on its website on December 7, 2020. According to the Press Release, MicroStrategy would be contemplating a $400 million private offering in convertible senior notes, with the idea of increasing its Bitcoin reserves:MicroStrategy intends to invest the net...

What’s going on with Bitcoin? After triggering everyone’s bullish mood, Satoshi Nakamoto’s creation experienced one of the worst crashes of the year, as if some divine providence was telling traders to take it easy.Analyses are contradictory, but some experts claim that this contradiction happens because there is no real substance to study, and investing in crypto could be dangerously close to gambling territory.BTC Trader = LoserMark Mobius is one of the experts who support this thesis. The...

So you bought some Bitcoin this week? How about a big red candle to celebrate Thanksgiving?After showing the fastest growth of the year, Bitcoin finally corrected, losing over $1000 in about 3 hours.At 0:00 UTC, Bitcoin was trading at $18869 on Coinbase. The price represented a breath of fresh air for traders and Bitcoin enthusiasts who were expecting a new ATH but were surprised by a downward correction on the afternoon of November 25th.Bitcoin embarked on a sharp correction, losing around...

When Bill Harris, former CEO of PayPal, described Bitcoin as “the greatest scam in history” in an article for Vox, the last thing that would come to his mind was the role his company would play in the global adoption of this cryptocurrency.This was in 2018, just when Bitcoin was on a major bearish trend. The bubble —as Harris described it— exploded. But things changed, a new CEO replaced Harris and Bitcoin’s price slowly recovered. Well, slowly until PayPal jumped on the Bitcoin...

Bitcoin’s most significant green candle happened on December 7, 2017, when traders started the day at $14090 and pushed the token to $17390 in 24 hours. That would be the first time a bullish candle broke the $15900 line —an event that new investors are experiencing today. December 7 of 2017 can also be remembered as the perfect argument for those who claimed BTC was a bubble, as the token also registered a wick of $19697 that day, its most significant growth ever with a...

Galaxy Digital CEO Mike Novogratz believes that Bitcoin is in a bull market as the asset has crossed a milestone in its adoption cycle. The former hedge fund manager also noted that BTC will only benefit if the US Federal Reserve continues printing such excessive amounts of money. Novogratz: Bitcoin Is In a Bull Market Bitcoin has been on a roll lately and earlier today marked a fresh yearly high of nearly $15,000. Apart from breaking the 2020 record, this impressive price...