Data shows Bitcoin has a pattern of sharply correcting after the open interest on BTC futures tops $1 billion.
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.
The market cap of USDT swelled by 1 billion over nine days.1159
Yusko claimed “Investors drive long term value, speculators drive current price.”3090
According to macro investor Raoul Pal, the latest Bitcoin rally is just the beginning of an institutional-investor-led bull market.4827
Whale clusters show that the key-short term support areas for Bitcoin are $16,694, $16,411 and $16,064.7142
Bitcoin’s recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days.7093
Do Bitcoin's market cycles depend on its structure as an asset, human psychology or both?6166
Bloomberg praises market depth and liquidity, agreeing that conditions are much better now than during Bitcoin’s 2017 bull run.23632
Governments are increasingly liquidating crypto assets seized in criminal investigations.4625
Bitcoin loses $17,000 as whales started to deposit BTC to exchanges once again.32042
Bitcoin could surge toward $100,000 next year following yesterday’s “healthy pullback,” with market psychology currently in the “belief” stage, says Stack Funds.34734
Canadian holding company dumped XMR and ETH to fund its acquisition.12626
Experts explain how to address common questions newcomers may have regarding bitcoin and the blockchain space.7960
Bitcoin price fell short of reaching $20,000, but record-high open interest on BTC futures shows pros are still bullish.37208
Bitcoin price cycles may not be as consistent as some believe, according to two industry CEOs.17978