Data shows whales are not selling large amounts of Bitcoin at the current BTC price and institutions are accumulating BTC.
Bitcoin Price News
The price of Bitcoin (BTC) can refer to either the energy cost of maintaining and securing the Bitcoin network through mining or the market value of BTC at a particular moment or over the course of time. Most of the discourse tends to surround the latter.
Bitcoin is a radically market-driven asset that is not backed by any commodity or central authority. As such, Bitcoin price movements tend to be volatile. Bitcoin’s price today will be different from Bitcoin’s price tomorrow. Ultimately, the price of Bitcoin is the result of the combined activities of a global community of stakeholders including miners, traders and consumers.
There are various theories on how the market values (or ought to value) the price of BTC, from the supply-based pricing model, which necessitates increasing demand for value to increase, or the efficient-markets hypothesis (EMH), which asserts an ultraefficient, omnipotent marketplace that has already factored in the necessary information, to the stock-to-flow (STF) model, which measures an asset’s scarcity by tracking the ratio between current supply and annual production rate. This last model has attracted many in the BTC community for its thorough analysis and incredibly bullish sentiment.
Bitcoin price has remained above $10,000 for some time, but will the momentum tip back in the bulls favor for a retest of the key multi-year resistance at $12K?11842
Bitcoin price still faces resistance at $11K as traders turn their attention to DeFi-tokens like Uniswap (UNI).13911
Many artists work their entire lives and never see their work sold for this kind of price tag.5646
Bitcoin whale clusters at $9,800 have grown in size in the past few days, indicating some whales may be preparing to sell.11007
Lured by the sirens’ call, traders are wrapping their Bitcoin at record levels in order to yield farm and trade DeFi tokens.9921
Bitcoin price is gathering strength as its dominance rate bounced from recent lows, possibly bringing a close to the altcoin season.7189
3 key indicators signalled that Bitcoin’s rally to the $11K level was a dud.18012
Uniswap traders should proceed with caution as DeFi tokens such as CRV have been showing weakness since the SUSHI fiasco.9456
Social media sentiment for Bitcoin has slumped to a two-year low, yet technical indicators are still saying “buy.”15980
The price of Bitcoin surged past $11,000 for the first time in 13 days as traders discuss where BTC is headed next.12992
The price of Bitcoin surged past $11,000 but it might be too early to expect a significant rally to begin.10602
An almost clean bullish sweep for on-chain indicators suggests that now is an ideal entry point for buyers, says data analyst firm CryptoQuant.11258
Robert Kiyosaki calls the United States “bankrupt” as national debt bears $27 trillion, listing Bitcoin among the three “best” long-term investments.16758
CNBC Mad Money host Jim Cramer plans to invest 1% of his net worth in Bitcoin because “gold is dangerous.”14964