Bitcoin price remained in a positive zone and it traded to a new all-time high above $58,000 against the US Dollar. BTC is now correcting gains, but it is likely to continue higher towards $60,000. Bitcoin extended its rise above $57,000 and it traded to a new all-time high at $58,350. The price is still…
According to Glassnode’s Bitcoin MVRV Z-Score indicator, Bitcoin is about to cross the red zone. The last time BTC saw this trend, it rallied two times more from its current price. What is the Bitcoin MVRV Z-Score and why is this important? The Bitcoin MVRV Z-Score indicator is typically used to measure whether an asset…
Bitcoin price gained bullish momentum above $50K and traded to a new all-time high at $57,500 against the US Dollar. BTC remains supported and it is likely eyeing a test of $60,000. Bitcoin climbed above the $50,000 resistance and traded to a new all-time high near USD 57,500. The price is trading nicely above the…
Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a well respected journalist, during a segment on CNBC it was said that gold would be trading at $3,000 an ounce if it wasn’t for Bitcoin. Here’s why that statement is probably true, and why the…
Bitcoin price started a downside correction from the $52,750 all-time high against the US Dollar. BTC is now approaching a couple of important supports near $50,500. Bitcoin topped near the $52,750 level and started a downside correction. The price is still well above $50,000 and the 100 hourly simple moving average. There is a major…
Bitcoin bulls are not running out of fuel. On Friday, traders once again raised their bids for the world’s leading cryptocurrency, sending its prices to another record peak after Grayscale Investments, a New York-based crypto investment vehicle, added 1,672 BTC to its already-ballooning bitcoin stockpile. The firm now holds 655.44 BTC, worth almost $33.5 billion.…
With the recent craze around Bitcoin, CNBC has been asking many of its guests to its television programs to talk about digital assets. Bill Gates, the founder of Microsoft and one of the most wealthy people on Earth, was no exception to this rule just recently. The billionaire technologist, who has now become a philanthropist,…
Bitcoin has seen strong gains over the past seven days. According to CoinGecko, the leading digital asset is up 16% in the past seven days, outperforming Ethereum and a number of other digital assets. Despite this strong rally in the price of the leading digital asset, analysts are expecting further gains in the weeks ahead.…
Bitcoin price extended its rally above the $51,000 level and it even broke $52,000 against the US Dollar. BTC traded to a new all-time high near $52,745 and it is consolidating gains. Bitcoin broke the $52,000 resistance and traded to a new all-time high near $52,745. The price is trading nicely near $52,000 and it…
Today, Barstool Sports founder turned outspoken pandemic day trader Dave Portnoy released a video on Twitter vowing he’d never buy Bitcoin again, despite the ongoing uptrend in the cryptocurrency. Is this bearish take simply a bad case of seller’s remorse, or does Portnoy have valid reasons to be this vehemently against Bitcoin? Barstool Sports’ Dave…