Summary: MicroStrategy CEO, Michael Saylor, has categorized Bitcoin as an asset and not a commodity He explains that commodities are abundant and should be traded Additionally, assets such as Bitcoin are scarce and should be owned...
In summary: Bitcoin is exhibiting a good level of bullishness above $11k However, Bitcoin’s correlation to stocks and gold could be a bad thing with the US elections two weeks away A drop in the stock...
Quick take: The amount of ETH and BTC locked in DeFi currently stands at $4.78 Billion This amount represents 43% of the total value locked in DeFi The number of ETH locked in DeFi has increased...
Quick take: Data from Glassnode shows that 10,000 Bitcoin (BTC) left OKEx 48 hours before withdrawals were suspended Approximately $2.3 Billion in Bitcoin is held in OKEx BTC wallets Whale Alert bot has flagged 5,000 BTC...
Quick take: OKEx has halted all crypto withdrawals One of the exchange’s private key holders is currently with authorities regarding an investigation Crypto outflows from OKEx are at zero The current incident is a reminder to...
Quick take: Timothy Peterson of Cane Island Alternative Advisors has given Bitcoin a 90% chance at staying above $11k Bitcoin’s lowest price forward is $11,004 using Metcalfe’s law Mr. Peterson has used Metcalfe’s law to correctly...
Summary: MicroStrategy CEO, Michael Saylor, has pointed out that Bitcoin is a worthwhile investment for anyone playing the long game He pointed out that any asset can work if your investment time horizon is one year...
Summary: Veteran Bitcoin analyst, Willy Woo, has stated that Square and MicroStrategy buying Bitcoin is a tip of the Iceberg He explains that the last 8 months has seen a reduction of 250,000 BTC from exchanges...
Quick take: Bloomberg has released October’s crypto outlook report The report predicts that Bitcoin is on track for $100,000 in 2025 Bitcoin will continue appreciating in value as a result of increased adoption, but at a...
Quick take: The number of Bitcoin addresses holding 0.1 BTC or more has hit a new all-time high of 3,148,331 Bitcoin’s hash-rate has also hit a new all-time high of 170EH/s Bitcoin has exceeded 72 days...
Quick take: Bitmex’s Arthur Hayes and Samuel Reed are stepping down from their roles as CEO and CTO respectively The move comes a week after the US CFTC and DoJ charged them with illegally operating a...
Quick take: Willy Woo has pointed out that Bitcoin’s fundamentals ‘are in moon mode’ On-chain data and metrics from infrastructure players hint that Bitcoin is on a path to a profitable Q4, 2020 Bitcoin’s bullishness will...