Research from crypto-friendly venture capital firm Andreessen Horowitz found that the compound annual growth rate (CAGR) for Bitcoin’s price and social media activity regarding cryptocurrencies reached 200%.The company analyzed 10 years’ worth of data from various social media channels to determine whether or not this market has moved in cycles.The Crypto Market Actually Moves in …
The global events seen throughout 2020 have largely altered Bitcoin’s underlying market dynamic, causing the cryptocurrency to see a massive rise in institutional involvement.Many of these institutional investors have been moving to gain exposure to BTC via its CME futures, which has seen a massive rise in open interest throughout the past several days and…
The cryptocurrency market is like the Wild West, where anything goes and crime is everywhere if you aren’t careful. While Bitcoin got its start on the dark web, its use across the underbelly of the internet has only increased in 2020.Could the growth of Bitcoin revenue on the dark web be partly responsible for the…
Bitcoin has long been referred to as the digital counterpart to the scarce physical asset and precious metal, gold. But could altcoins be the digital silver to Bitcoin as digital gold?According to an incredibly bizarre correlation, altcoins are nearly perfectly tracking alongside silver, albeit across different timeframes. What exactly does this mean, and is this…
Popular crypto exchange Binance is planning to enter the Chinese market with the launch of its new China website. This comes after Binance was forced to leave China following strict regulations that shut down all domestic cryptocurrency exchanges in September 2017.Since then, mixed messages have been coming from Beijing. While financial institutions are not permitted…
Bitcoin risks a $2,000 price correction as bulls continuously fail to penetrate $10,000-levels.The downside sentiment takes cues from a popular technical indicator, dubbed as Triple Top.The reversal pattern shows that bitcoin is no longer rallying – and is struggling to find buyers near the $10K area.Almost all the leading Bitcoin technical indicators have flipped to…
There is a 57 percent chance of Bitcoin undergoing a bearish breakout, according to a standalone indicator.The warning pops at a time when the cryptocurrency is testing a 2.5-year-old trendline as its primary resistance.If valid, then the bitcoin price can fall towards $7,700.Bitcoin has confirmed the presence of a standalone technical indicator that could send…
The ever-controversial John McAfee is hitting the headlines once more, but this time he’s under the spotlight for crypto plagiarism.The team behind privacy coin PIVX alleged McAfee for copying a 2018 whitepaper. They further contend that McAfee’s Ghost coin has also appropriated numerous key features. This includes coins specs, feature sets, as well as protocols.As…
As bitcoin’s supply rate went down by half, its demand among retailers and fund managers have grown stronger.The demand-supply dynamics could send the bitcoin price above $10,000, according to Matt D’Souza, the chief executive of Blockware Solutions.More gains expected for the cryptocurrency amidst global “macro and discretionary/reckless spending” by central banks.More and more retail investors…
Bitcoin has seen a notable upswing overnight that has allowed the cryptocurrency to rally up towards its key resistance within the upper-$9,000 region. This upswing comes as its weekly close fast approaches.BTC is now attempting to pierce its weekly cloud resistance. Analysts are noting that it’s imperative for buyers to hold it above the cloud’s…