Category: Bitcoin

Quantitative analyst PlanB says he believes that his end-of-year price forecast for Bitcoin will be realized. Speaking on the What Bitcoin Did podcast, PlanB says that he’s keeping faith in the stock-to-flow model he popularized in the cryptocurrency space. The stock-to-flow model, typically used in valuing traditional assets, aims to predict price by measuring existing

New filings with the United States Securities and Exchange Commission, or SEC, reveal that four wealth management companies have acquired shares of Grayscale’s Bitcoin Investment Trust, offering further evidence of institutional adoption of digital assets.  As first reported by MacroScope, a Twitter feed devoted to institutional trading and asset management, the firms disclosed their GBTC

As crypto adoption continues to sweep across the globe, major crypto exchange Binance is showcasing five standout countries that it says are leading the way. In a recent blog post, Binance covers the various catalysts driving crypto adoption and highlights five particular countries that are seeing accelerated growth based on data pulled from Statista’s global

Bitcoin (BTC) bounced at $46,000 support on Aug. 14 after an attempt to crack major resistance ended in rejection. BTC/USD 1-hour price chart (Bitstamp). Source: TradingView Bitcoin rejects at $48,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising to tackle a giant sell wall during Saturday, only to reverse downwards to Friday’s levels.

The year 2009 was marked by both the genesis of Bitcoin and the United States stock market starting an unprecedented bull market — one that’s continued almost uninterrupted since. However, murmurings of a crash are always present, and the noise has recently been getting louder.  Against the backdrop of COVID-19 refusing to go away, stocks

Crypto derivatives platform BitMEX is revealing its total Bitcoin (BTC) reserve balance and is suggesting that other exchanges go public with their reserves as well. In a new blog post, BitMEX says that it holds 110,090 Bitcoin, worth $5.23 billion at time of writing.   The firm also provided tools that anyone can use to

After months of unrelenting turbulence, the crypto industry has been on somewhat of a tear over the last couple of weeks, with the total market capitalization of the space recently topping the $2 trillion mark for the first time since May.  In fact, over the last 21 days alone, a whopping $700 billion entered the

Bitcoin (BTC) at $47,000 is turning heads but is in fact only the “worst-case scenario” for one of its most popular analysts. In a tweet on Aug. 13, PlanB, creator of the stock-to-flow family of Bitcoin price models, reiterated that $47,000 should be just the beginning for BTC/USD. Bitcoin price no longer in its “worst

Bitcoin’s (BTC) rapid recovery above $46,000 has renewed calls for a $100,000 BTC price by the end of 2021, while the effects of China’s crackdown on the mining industry are slowly beginning to fade as the Bitcoin network hash rate shows signs of recovery. Bitcoin mean hash rate vs. price. Source: Glassnode One of the

Legendary frontman of the band Kiss, Gene Simmons, is discussing his crypto journey and when he dove into the sector. In a new interview with CNBC, the rockstar says that he jumped into crypto at the beginning of the Covid-19 pandemic after having a conversation with noted Bitcoin bull and Gemini crypto exchange co-founder Tyler