BTC Price

Bitcoin whales are betting $40K isn’t the top as data hints bull run is only beginning

Bitcoin (BTC) whales clearly expect massive price rises in future as the number of wallets containing over 1,000 BTC ($35 million) hits an all-time high. Data from on-chain analytics resource Glassnode confirms that as of Jan. 20, there were in excess of 2,400 large-balance wallets. Whale wallets hit record highs In 2021 alone, 164 new …

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Another $1 billion wipeout: Why is Bitcoin seeing extreme price moves?

Nearly $1 billion worth of Bitcoin (BTC) futures contracts were liquidated on Jan. 13, a day after the big shakeout. The continuous loop of liquidations is causing extreme volatility and large price swings in the cryptocurrency market. Total Bitcoin liquidations. Source: Bybt.com What are futures liquidations, and why are so many Bitcoin positions being liquidated? …

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Does a stronger dollar mean Bitcoin price is destined to lose $30K?

Bitcoin price has been accelerating massively in recent months, with Bitcoin (BTC) rallying from $10,000 to $41,500. This rally went vertical without any major corrections in between. However, every upward cycle has its standard 30% corrections, which can even be considered healthy for more upside. Bitcoin’s price started to fall south in the past days …

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Are Bitcoin miners bullish? BTC miners face biggest difficulty bump in 3 months

Bitcoin (BTC) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever.  “Hashrate is on a tear!” commented popular pseudonymous Bitcoin trader hodlonaut three days ago. …

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Bitcoin price quickly rebounds to reach $41,000 as market cap passes Tencent

Bitcoin (BTC) returned to $40,000 on Jan. 8 as another price consolidation period ended characteristically briefly. Cryptocurrency market overview. Source: Coin360 Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD quickly rise to recapture the psycholigically significant price level during trading on Friday. After a 9% fall following runs to all-time highs the day before, …

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Bitcoin NVT ratio suggests BTC may see another ‘explosive move’ as search interest spikes

Bitcoin (BTC) may have hit new all-time highs of $37,600, but one indicator suggests that yet another bull run is incoming. Released in the latest weekly report from Stack Funds, data from Bitcoin’s network value to transaction (NVT) ratio still remains firmly bullish. Report: NVT suggests Bitcoin “not overvalued” According to analysts at Stack, despite …

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Is Bitcoin’s vertical rally in danger? Why $30K isn’t the only level to watch

Bitcoin (BTC) had a tremendous 2020 as the BTC price rallied by 311% in 2020. In the shadows of Bitcoin, Ether (ETH) has also been seeing a fantastic year as Ether’s price rallied by an even bigger 475%.  While only five days into the new year, ETH is continuing this trend.  Bitcoin vs. Ether January …

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How massive Bitcoin buyer activity on Coinbase propelled BTC price past $32K

Coinbase has seen a large spike in buyer activity overnight as the price of Bitcoin (BTC) surpassed $32,500 on Jan. 2. Analysts say the trend was reminiscent of MicroStrategy’s Bitcoin accumulation, possibly fueled by institutional buy orders. As a result, BTC surpassed $31,000, reaching a new all-time high. BTC/USD daily candle chart (Coinbase). Source: Tradingview Coinbase …

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Bitcoin price hits $30,000 milestone for the first time ever

Bitcoin (BTC) hit a fresh psychological landmark on Jan. 2 as the new year kicked off to a flying start for hodlers. BTC/USD weekly candle chart (Coinbase). Source: Tradingview BTC price wastes no time in 2021 Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD clinch $30,000 during trading on Friday. After hitting new all-time …

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Bitcoin supply squeeze heats up as Grayscale buys nearly 3x the BTC mined in December

Institutional crypto investment giant Grayscale now has $20 billion under its control as its Bitcoin (BTC) buys outstrip production by almost three to one. As noted by data analysis resource Coin98 Analytics on Jan. 1, Grayscale bought almost three times more BTC than that which was added to the market in December 2020. It’s official: …

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