Bitcoin has barely flinched in the face of the dollar’s best attempt at a rebound in over a year. The greenback is trying to stage a comeback against the top cryptocurrency, which has left the global reserve currency battered and beaten. Although Bitcoin has fended off the advance in USD, if history repeats and 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…
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…
Bitcoin is about to perform its most important feat yet: achieve a market cap of over $1 trillion. And it just got past the first major hurdle at $52,000. The $54,000 price level and above is the only remaining threshold in the way, and once past it, a flood of trillions in capital could follow…
Bitcoin price has broken $50,000 and is now well above the key phycological resistance level. At the halfway point to $100K per coin, there was bound to be some resistance, but already bulls have pushed the price per BTC to new record highs. At the current price per coin, the first ever cryptocurrency is less…
Bitcoin price is trading at nearly $50,000 per coin and on-chain activity is soaring. The recent bull trend and surging interest surrounding the cryptocurrency has allowed miners to surpass over $50 million in revenue in a single day generated. Here’s how rising Bitcoin prices combined with spiking transaction fees have made mining BTC a particularly…
Bitcoin price has been trending upward for months, but the general consensus amongst crypto investors is that the point of no return hasn’t been reached yet, so there’s still plenty of time to get into position for the next move up. Overly eager long traders, however, had their hearts broken when $1.9 billion in positions…
2020 was the year of the digital gold narrative amid a pandemic and unprecedented money printing. In 2021, only Bitcoin matters and comparing it to gold at this point is selling the coin short. Now is the age of cryptocurrency, and no comparison shows that better than the two charts you are about to see…
Bitcoin is trading only a couple thousand dollars below $50,000, but according to one crypto analyst, there’s over $1 billion in stablecoins waiting on the sidelines to push the leading cryptocurrency by market cap to a price of $100,000 per coin, within the next thirty to sixty days. Here’s why all this capital sitting on…
Bitcoin today blasted through local resistance and set an all-time high price record. The powerful move came after a short-lived drop downward yesterday, providing enough short-sellers to pose as fuel to push prices higher. What also contributed to the “rocket fuel” was a sudden increase of stablecoins, which whales are finally taking full advantage of…