Tag Archives: BTCGBP

The price of bitcoin went on another run in the past 24 hours and briefly exceeded $57,000 for the first time in five months. Most alternative coins seem left behind as BTC’s dominance continues to increase. Bitcoin Touched $57K It’s safe to say that BTC has returned to its bullish trajectory after it recovered from its sub-$41,000 dips two weeks ago. In the days that followed, the cryptocurrency added a significant chunk of value, broke above $50,000 for the first time in a...

If you didn’t like the way Nayib Bukele was implementing his Bitcoin policy in El Salvador, maybe his latest actions will change your mind, or at least make you admit he wants to be a bit cute. After experiencing his first days in the green, the president of El Salvador revealed he was going to use the proceeds of his country’s BTC investment to build a massive pet hospital. The self-described coolest dictator in the world shared the news on his Twitter account a few hours...

Bitcoin stands at $55,000 today, as of writing these lines. This means it’s about 90% up since the beginning of 2021. While that’s impressive on its own, what’s even more notable is BTC’s performance compared to other well-known investment tools such as some of the most popular stock market indexes, the world’s largest companies, and precious metals like gold and silver. BTC vs. all others – YTD 2021. Source: TradingViewS&P500 and Nasdaq Left Behind The primary...

This analysis takes a closer look at some of Bitcoin’s structural market metrics and compares the current cycle to that of 2017. The following is compiled by on-chain analyst CryptoVizArt for CryptoPotato. Bitcoin’s NVT NVT estimates the values of the network using its on-chain investor volume. As crypto analyst Willy Woo initially introduced this model, NVT Price is calculated by multiplying on-chain volume by the 2-year median value of NVT-Ratio (Market cap / Total on-chain...

The latest cryptocurrency adoption cases are coming from the fashion brand – PacSun, as well as the charity organization – Nicklaus Children’s Hospital Foundation. PacSun Also Caught The Crypto Wave One more firm that enabled digital asset settlements is PacSun. The major brand in the fashion and retail space added bitcoin and other cryptocurrencies using the leading blockchain payment provider – BitPay. Namely, those are Ethereum (ETH), Bitcoin Cash (BCH), Wrapped Bitcoin...

Ethereum co-founder Vitalik Buterin spoke out against President Nayib Bukele’s compulsory bitcoin usage for merchants and businesses, saying it was against cryptocurrency’s “ideals of freedom.” Buterin commented in response to a Reddit article titled “Unpopular opinion: El Salvador President Mr. Nayab (Nayib)  Bukele should not be praised by Crypto community.” The Ethereum co-founder did not fail to call out “Bitcoin Maximalists,” whom he believed praised the El Salvadoran...

Following yesterday’s price slide below $54,000, bitcoin has started increasing in value once more and has neared $56,000. Although some altcoins like XRP and DOT have charted notable gains in the past 24 hours, BTC’s dominance has also risen. Bitcoin Aims at $56K The primary cryptocurrency exploded above $50,000 on October 5th and hasn’t looked back since. Just the opposite, it has been mainly on the offensive, which resulted in tapping $56,000 a few days ago for the first...

El Salvador’s decision to officially make bitcoin a legal tender inside its borders has caused some controversy. While some locals expressed their dissatisfaction, many prominent names such as Michael Saylor praised the move as “extraordinary” and “world-shaking.” The world is yet to find out whether this would turn out to be the beginning of a successful monetary revolution or another attempt from a top political figure who aims to win power and support. In a recent blog...

BTC had an impressive run this week, managing to push above a key downtrend line and the September high at $52.9k. It managed to hit an intraweek high of $56.1k, digging deeper into the $55k to $58k zone of technical and on-chain resistance. The rally so far has shown profit-taking from much younger coins, while the older cohorts continue to steadily hold. Although many weak hands who bought BTC above $50k earlier this year panic sold during the May liquidation wipe out, we...

Over 20 Chinese digital asset-related businesses revealed they will halt their operations and withdraw from the local market as the country continues its hostile stance on anything crypto. The Effect of The Chinese Crypto Ban China’s negative stance on the cryptocurrency industry has been known for years, and the local authorities tend to remind investors about it frequently. At the end of September, the country’s central bank published a document indicating that trading and...