Tag Archives: BTCGBP

The prominent TV personality – Kevin O’Leary – believes non-fungible tokens could emerge as a “much bigger, more fluid market” than bitcoin. His prediction comes as a surprise since last summer, the Canadian businessman stated that nothing has the chance to replace the primary cryptocurrency. O’Leary’s Most Recent Forecast Kevin O’Leary, a.k.a Mr. Wonerful, is another prominent figure who has displayed mixed feelings towards the cryptocurrency industry over the years. His...

Bitcoin’s sideways action continues. Since 2022 began, the bitcoin price has been trading inside a tight range of roughly $2K. This is very untypical for Bitcoin and usually ends with a massive move in either direction. Option Market Analysis While the bitcoin market is showing weakness, the BTC options market has seen a sharp open interest decline after 2021‘s most significant options expiry. The historical volatility level of bitcoin dropped sharply and is currently at...

Antoni Trenchev – Co-Founder of the cryptocurrency lending platform Nexo – predicted that bitcoin will hit a price of $100K by mid-2022. In his view, the leading digital asset is an inflation hedge equal to gold. BTC Trading at $100K in a Few Months Despite increasing its USD value by over 60% in the last 12 months, bitcoin finished 2021 on a downtrend as many experts expected the asset to top the $100,000 milestone. In a recent interview for CNBC, Antoni Trenchev –...

The year started on a rather bland note, far below the bold predictions made by several notable Bitcoin proponents in terms of BTC’s price. While 2021 was quite impressive, the cryptocurrency market entered a familiar territory of extreme fear as it began the first week of 2022. In contrast, though, Bitcoin’s hash rate has registered a new all-time high, indicating that the network’s robustness has never been more secure. Bitcoin Hash Rate Taps a New Peak According to the...

Bitcoin is fluctuating sideways, and it has exhausted retail investors. Looking at the market’s low volume and volatility structure, an imminent significant move is expected in the coming days. In the past few days, both bears and bulls struggled to win the game. The price is currently on a critical level (orange box), and breaking above or below this box will determine the mid-term direction. In the case of being supported by the orange zone, reaching $75K is not so out of...

Following yesterday’s minor price slides, most of the cryptocurrency market is in the green today. This includes a slight increase from bitcoin to above $47,000 and more impressive gains from Polkadot and Avalanche. Bitcoin Stands Above $47K As 2021 was coming close to its end, bitcoin seemed stuck around $47,000, but a sudden price pump drove it to above $48,500, as CryptoPotato reported on December 31st. However, the landscape changed quite quickly in the following hours....

Nayib Bukele, who made history last year by becoming the first President to adopt bitcoin as legal tender, believes two more countries will follow this example in 2022. Additionally, he predicted a price tag of $100,000 for the primary cryptocurrency. It’s safe to say that El Salvador is the most open country in terms of BTC adoption as it voted for the asset to become legal tender in 2021. Following this historic move, the nation and its pro-bitcoin President have continued...

Options Market Analysis After bitcoin dipped to $42K on December 4th on Omicron fears, its price could not move higher than $52k over the last month. BTC is now trading at $47k. Short-dated ATM-implied volatility peaked at 94 and is currently sitting at 66. Source: Laevitas.chCalls for a $50K strike price have the highest open interest for 2,3 & January 7th expiries. Lots of calls were sold for these expiries over the last few days. It seems that low demand in the spot...

2021 was indeed an eventful year for the cryptocurrency industry. Many milestones were achieved within the last 12 months. We saw an influx of institutional investors adopting crypto assets, especially Bitcoin, as a hedge against inflation. Non-fungible tokens (NFTs) became a thing for celebrities and retail investors, with billions of dollars traded in exchange for different digital collectibles. While the landmark growth of the industry was championed by different players,...

Although bitcoin ended up with a more than 60% increase in 2021, there was a bit of a disappointment in the crypto space. This is because the asset failed to increase into a six-digit territory and actually fell by 30% in less than two months. The creator of the popular stock-to-flow model, though, initiated a poll, which shows that nearly 50% of the community expects BTC to head to and above $100,000 by the end of 2022. Above $100K in the Next 12 Months? Before exploring the...