Quick take: Willy Woo has forecasted that Bitcoin could hit $200k by the end of 2021 However, he views this as a conservative estimate and Bitcoin could very well reach $300k Mr. Woo also pointed out...
Quick take: The month of November saw 19.6 million active Bitcoin addresses This amount is Bitcoin’s third-highest in its history A higher number of active Bitcoin addresses was only witnessed in December 2017 and January 2018...
Quick take: Bloomberg’s Crypto Outlook report for December forecasts a $50k resistance level for Bitcoin in 2021 This will bring its market cap to $1 Trillion $10k will be Bitcoin’s support next year after serving as...
Quick take: Timothy Peterson has pointed out that Bitcoin’s price is ahead of its fundamentals by 6 – 9 months However, this is not a big concern as it sometimes happens with technology in the limelight...
Quick take: Crypto traders and investors have been expecting Bitcoin to dip to $16k or even $14k Bitcoin’s social volume continues to be high The Fear and Greed Index is at 95 for a second time...
Quick take: Willy Woo has forecasted that Bitcoin’s market cap hitting $1 Trillion will result in more capital moving from Gold to BTC His comments were in response to MicroStrategy raising $400M to buy more Bitcoin...
Quick take: Bitcoin has dropped hard from $19,300 levels to $17,800 High chances it is retail traders selling The Bitcoin being sold will most likely be scooped up by institutions MicroStrategy, Grayscale, Paypal, Square, are likely...
Quick take: Bitcoin is in bear territory as the Miners Position Index hints of selling by BTC miners The demand for Bitcoin will quickly absorb the continual selling at these levels Bitcoin could experience a resurgence...
Quick take: MassMutal Life Insurance recently purchases $100 million in Bitcoin Insurance companies are known to avoid unnecessary risks The 169-year-old insurance company buying Bitcoin is a sign that BTC is no longer a ‘risk-off’ asset...
In summary: Robert Kiyosaki has pointed out that buying Bitcoin below $20k might be a good idea Mr. Kiyosaki forecasts that Bitcoin will hit $50k soon He explains that institutional money is buying up the BTC...
Quick take: The number of non-zero addresses on both the Ethereum and Bitcoin network is continually increasing Both have hit an all-time high of 50.651M for ETH and 32.925M for Bitcoin Such activity on both networks...
Quick take: Grayscale has added to its bags Bitcoin worth $270 Million in the last 7 days Grayscale’s total assets under management have hit a total of $13 Billion Grayscale’s assets under management have increased by...