Category: Bitcoin

A popular crypto analyst says Bitcoin and Ethereum can pull off massive rallies before the end of 2021 as traders underestimate the second leg of the bull market. Justin Bennett tells his 61,600 Twitter followers that he expects Bitcoin to launch a staggering rally, well above the six-figure level, should the leading cryptocurrency shatter its

Popular analyst Will Clemente says Bitcoin remains undervalued based on the strength of the leading cryptocurrency’s on-chain fundamentals. In his latest weekly overview, Clemente highlights two surging on-chain metrics, which he says are significantly outpacing the rise of BTC’s value.   “In blue, illiquid supply shock ratio, which compares the movement of coins from liquid

Ray Dalio, the founder of the biggest hedge fund in the world, says that if forced to choose between gold and Bitcoin, he wouldn’t be torn on the decision.   Speaking to CNBC, the former Bridgewater Associates chief says that if he had to pick only one, he would choose gold. “If you put a

Closely followed crypto trader Pentoshi says there will be no stopping Bitcoin after BTC breaks a certain price area. The pseudonymous trader tells his 212,000 followers that the $48,000 level is the last point before Bitcoin becomes unstoppable.   “Above $48,000, I think there’s nothing stopping this train. It’s the last level structurally that can

Bitcoin (BTC) proponents continue to poke fun at gold bugs as the precious metal’s 10-year returns flip negative. As of Tuesday, fresh data shows tha XAU/USD traded 3.7% lower than it did on the same day in 2011. Gold fails to impress — On any timeframe XAU/USD 1-month candle chart. Source: TradingView It’s been a

Institutions have not left the Bitcoin (BTC) market even in the face of a 50%-plus bearish correction earlier this year, shows data provided by Glassnode. The blockchain analytics platform reported on Monday that the dominance of Bitcoin transactions exceeding $1 million has surged twofold since September 2020 — from 30% to 70% of the total

Bitcoin (BTC) returned to $46,000 after a brief consolidation on Aug. 10 amid continued surprise at the strength of the BTC price comeback. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 3 days to Bitcoin golden cross Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering around the $46,000 mark Tuesday. The pair had spent the night

The new commissioner of Japan’s Financial Services Agency (FSA), Junichi Nakajima, believes the country needs to think carefully before making Bitcoin (BTC) and other cryptocurrencies more accessible to the general public. Nakajima believes crypto assets like Bitcoin have the potential to benefit the public as a quick and cheap way to transfer money, he said in

Institutional crypto products have seen their fifth consecutive week of outflows despite the bullish momentum in the markets.  In its August 9 Digital Asset Fund Flows Weekly report, institutional asset manager CoinShares estimated that outflows totaled $26 million for the week. However, the report notes that outflows have shrunk compared to during May and June,

Goldman Sachs-backed digital payment company Circle has officially disclosed plans to become a full-reserve national digital currency bank in the United States. Announcing the news on Monday, Circle co-founder and CEO Jeremy Allaire noted that Circle is willing to operate under the supervision and risk management requirements of the Federal Reserve, the U.S. Treasury, the