Markets News
A massive 18.52 million BTC buy order on Bitfinex will save Bitcoin from dropping to $0, thanks to Alistair Milne.
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Bitcoin Price News
Bitcoin price establishing is an interesting phenomenon and widely differs from the way the price of ordinary money is set. First of all, despite popular belief, Bitcoin does have a cost price. It is set as a combination of expenses on electricity, transaction fees and the installation/purchase of software. However, the price of Bitcoin is not determined by its cost price and is mostly estimated by consumer demand. It causes huge fluctuations in the price of Bitcoin, as Bitcoin has no backing, and traders are largely dependent on the news of Bitcoin’s price, multiplying volatility of the asset. As Bitcoin’s market cap is nearly $159 billion, the price of Bitcoin became an important economical factor, gathering attention from financial institutions of various kinds and stimulated the research of behavioral factors that influence the price of Bitcoin and working on ways of predicting its changes.
- Analysis
Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin.
1763 - Markets News
Growing belief in Bitcoin following gold higher contrasts with chart analysis, which shows multiple weaknesses remain.
3496 - Markets News
Coinbase analyst Max Bronstein says “fireworks” in the global currency market might positively affect the value of Bitcoin.
19983 - Market Update
As Bitcoin price stalled at $9,300 again, altcoins capitalized on the sideways price action to rally to new multi-year highs.
11773 - Market Analysis
Traders are placing large bets on $50,000 Bitcoin options for June and December 2021, but what are the chances of BTC price reaching this level by then?
16210 - Analysis
Many are highly critical of the three highly popular models used widely by Bitcoin analysts — stock-to-flow, Hyperwaves, and Elliott Waves.
15529 - Markets News
Seven-day average hash rate passes 123.4 EH/s for the first time as network fundamentals defy bearish price action.
7742 - Price Analysis
Bitcoin and altcoins pushed higher today and many are showing signs of a possible trend reversal.
15934 - Markets News
10-day realized volatility hits its lowest since just before Bitcoin's price fell to $3,100 in late 2018, sparking fresh bearish fears.
8445 - Markets News
A turbulent mixture of macro, coupled with expectations of a big move in Bitcoin, could spell an interesting week for traders and holders alike.
10268 - Market Analysis
Bitcoin hangs near the chasm of the adoption curve, and its price looks similar to Apple’s stock in 2008 before it broke out with a 520% rally.
63745 - Opinion
A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC.
13244 - Market Analysis
The price of Bitcoin dropped below $9,000 for the second time in one week but the uptrend of BTC can be sustained despite a historically bearish Q3.
52639 - Market Analysis
Several signs are pointing to a new bear market for Bitcoin as mining chip manufacturers are feeling the pinch from the halving and the global economic downturn.
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