Category: Bitcoin (BTC) Price

Bitcoin Price Could Retrace to $20K This Year: Bearish Prediction by Guggenheim CIO

Despite maintaining long-term bullish views on bitcoin, Guggenheim Partner’s Chief Investment Officer Scott Miner believes that the asset will not surpass its early 2021 top of $42,000 again. As such, he doubled-down on his short-term bearish perspective, saying that BTC could drop as low as $20,000. Is Bitcoin Heading For $20K? It’s safe to say […]

Continue Reading

Bitcoin Expecting Huge Move After Struggling At $34K While Altcoins Enjoy Decreasing BTC Dominance (Market Watch)

Bitcoin Expecting Huge Move After Struggling At $34K While Altcoins Enjoy Decreasing BTC Dominance (Market Watch)

Bitcoin’s negative spiral continued in the past 24 hours as the asset dipped beneath $33,500. Most altcoins have also lost some steam, and the cryptocurrency market cap struggles with maintaining above the coveted $1 trillion level. Bitcoin Dips To $33,500 Ever since bitcoin failed at breaching above $38,000 on Tuesday, the cryptocurrency has been gradually […]

Continue Reading

Report: Whales Depositing Bitcoin to Exchanges As BTC Price Tumbled $4000 In Hours

Report: Whales Depositing Bitcoin to Exchanges As BTC Price Tumbled $4000 In Hours

Although bitcoin has retraced following its all-time high of $42,000 earlier this year, CryptoQuant’s CEO predicted further bearish price developments for the asset. He based his short-term prediction on the growing number of BTC whales depositing on various cryptocurrency exchanges. Whales Prepare To Dump On Coinbase? Ever since BTC skyrocketed to its newest ATH of […]

Continue Reading

Bitcoin And Tesla Stock The Biggest Market Bubbles According to a Deutsche Bank Survey

A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles. Consequently, the participants, most of whom are professional investors, predicted subsequent corrections. Bitcoin Is The Biggest Market Bubble? The primary cryptocurrency has been on a tear […]

Continue Reading

Bitcoin Price Analysis: BTC Testing Crucial Support, is Dump to $30K Imminent?

Bitcoin Price Analysis: BTC Testing Crucial Support, is Dump to $30K Imminent?

Bitcoin saw a sharp 8% price plummet over the past 24 hours as it lost almost $4K from its value in just one day. As of writing these lines, Bitcoin found support around $34,000, which is also the lower boundary of the symmetrical triangle pattern we mentioned here yesterday. BTC has been trading within this […]

Continue Reading

Crypto Market Loses $50 Billion as Bitcoin Price Failed to Breach $38K (Market Watch)

Crypto Market Loses $50 Billion as Bitcoin Price Failed to Breach $38K (Market Watch)

Although bitcoin initially surged to $38,000, the asset has failed to sustain its movement and even dipped below $35,000. Most large-cap altcoins have also lost some traction after yesterday’s gains, but have continued to reduce BTC’s dominance – this time to below 65%. Bitcoin Stopped At $38K, Dips Beneath $35K As reported yesterday, the primary […]

Continue Reading

UK’s National Health Service to Monitor COVID-19 Vaccines with Hedera DLT

UK’s National Health Service is planning the implementation of an Internet of Things project to build and manage COVID-19 vaccine provisions. The solution will use a pubic distributed ledger network – Hedera Hashgraph. Monitoring COVID-19 Vaccines Supplies Using DLT According to an official announcement, the UK’s National Health Service (NHS) will aim to digitally monitor its […]

Continue Reading

Grayscale Now Owns More Than 3% of Total 21 Million Bitcoins That Will Ever Exist

The leading digital asset manager Grayscale continues to tighten its grip on the bitcoin supply. According to recent estimations, the company now owns over 3% of all the 21 million BTC that will ever exist. Grayscale’s BTC Domination Launched in 2013, Grayscale is the largest cryptocurrency asset manager with over $27 billion in assets under […]

Continue Reading

Market Watch: BTC Reclaims $37K As ETH Approaches All-Time High Levels at $1400

Market Watch: BTC Reclaims $37K As ETH Approaches All-Time High Levels at $1400

Bitcoin has continued to consolidate in the past 24 hours around the $37,000 price mark. In contrast, some alternative coins have charted serious gains, including ETH breaking above $1,350, and have reduced BTC’s dominance over the market to below 66%. ETH To A New 3-year Record, BCH Reclaims $500 While most alternative coins mimicked BTC’s […]

Continue Reading