Bitcoin SV

Price analysis 1/1: BTC, ETH, XRP, LTC, DOT, BCH, ADA, BNB, LINK, BSV

Bitcoin (BTC) rallied from an intraday low at $17,573.29 on Dec. 11 to an intraday high at $29,310.19 on Dec. 31, a 66.78% rally in a short span. This shows strong demand from traders at every higher level. Institutional crypto investment giant Grayscale bought 72,950 Bitcoin in December, which was 159.49% more than the 28,112 …

Price analysis 1/1: BTC, ETH, XRP, LTC, DOT, BCH, ADA, BNB, LINK, BSV Read More »

Crypto Long & Short: Why Some Investors Get Bitcoin So Wrong, and What That Says About Its Strengths

It is frustrating. But at the same time, interesting. Over the past couple of weeks, I’ve heard two well-respected investment managers say that they don’t believe in bitcoin’s supply limit. If it’s easy to spin up another Bitcoin, they claim, then there is really no limit. Most of you reading this will be rolling your …

Crypto Long & Short: Why Some Investors Get Bitcoin So Wrong, and What That Says About Its Strengths Read More »

Price analysis 11/16: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

As Bitcoin (BTC) continues to rally to a new 2020 high above $16,700, traders are pondering whether this is the start of a new bull market.  Mike McGlone, a senior commodities strategist at Bloomberg Intelligence, believes that the main hurdle is at the all-time high near $20,000. Once that is crossed, Bitcoin could reach a …

Price analysis 11/16: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV Read More »

Price analysis 11/13: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

Data shows that Bitcoin’s (BTC) current rally is supported by greater participation from retail and institutional investors. The CME Bitcoin futures open interest has moved closer to the previous all-time high, a sign that institutional investors are becoming more interested in cryptocurrencies. Similarly, Bitcoin’s spot volume has hit a new 52-week high, according to data …

Price analysis 11/13: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV Read More »

Price analysis 11/4: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

Today Bitcoin (BTC) price briefly pushed through the $14,100 resistance to achieve a new 2020 high at $14,259 before pulling back to retest $14,100 as support.  Although this level represents a critical resistance, data suggests that Bitcoin whales are not closing their positions in a hurry as they expect the current rally to continue. This …

Price analysis 11/4: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV Read More »

Price analysis 10/26: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA

Morgan Creek Digital co-founder Anthony Pompliano highlighted data from Santiment, which showed that the 30-day rolling correlation between Bitcoin (BTC) and the S&P 500 is 0. Pomp stressed that the lack of correlation shows that Bitcoin is a store of value.  Along with that, Bitcoin has also outperformed most traditional asset classes such as gold, …

Price analysis 10/26: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA Read More »

Market Wrap: Bitcoin Falls to $12.7K as Global Equities Falter; Ethereum Fees Continue to Drop

Bitcoin’s price fell Monday on larger macroeconomic concerns while lower Ethereum fees benefit hardcore DeFi users. Bitcoin (BTC) trading around $13,011 as of 20:00 UTC (4 p.m. ET). Slipping 0.33% over the previous 24 hours. Bitcoin’s 24-hour range: $12,773-$13,250 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading …

Market Wrap: Bitcoin Falls to $12.7K as Global Equities Falter; Ethereum Fees Continue to Drop Read More »

Market Wrap: Bitcoin Bounces to $11.8K; Over 10K BTC Locked in Harvest Finance

Bitcoin traders hit the buy button Monday while a DeFi project gains $135 million in BTC locked since the start of September. Bitcoin (BTC) trading around $11,689 as of 20:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,409-$11,839 BTC above its 10-day and 50-day moving averages, a bullish …

Market Wrap: Bitcoin Bounces to $11.8K; Over 10K BTC Locked in Harvest Finance Read More »

Market Wrap: Bitcoin Has Light Response to OKEx While Ether Options Traders Make Beacon Bets

Bitcoin rebounded from an OKEx-related drop; ether options traders may be beacon chain bearish.  Bitcoin (BTC) trading around $11,327 as of 20:00 UTC (4 p.m. ET). Slipping 2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,199-$11,623 BTC below its 10-day moving average but above the 50-day, a sideways signal for market technicians. Bitcoin trading …

Market Wrap: Bitcoin Has Light Response to OKEx While Ether Options Traders Make Beacon Bets Read More »

Price analysis 10/16: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

Chicago Mercantile Exchange’s cash-settled Bitcoin (BTC) futures trading products “contribute more to price discovery than its related spot markets,” according to findings in a new report by investment firm Wilshire Phoenix. The increasing volumes of crypto derivative products highlight greater participation from institutional investors and this will likely be positive for the entire crypto space. …

Price analysis 10/16: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV Read More »