Category: Bitcoin (BTC)

Bitcoin upward pressure on the rise targets at $21,000 and $21,530

Bitcoin has sustained an uptrend after reclaiming the ground above $19,000. BTC/USD still eyes new yearly highs above $20,000 and to enter the price discovery mode. Bitcoin has continued to hold at the pivotal $19,400 level amid an upward push for gains beyond $20,000. The stability witnessed above $19,000 over the last 24 hours suggests […]

Continue Reading

Last Month Casascius Owners Redeemed the Highest Number of Physical Bitcoins in 3 Years

Last Month Casascius Owners Redeemed the Highest Number of Physical Bitcoins in 3 Years

On November 30, 2020, bitcoin crossed an all-time price high on a few global exchanges and between spot and derivatives markets there’s been a lot of action. One metric people didn’t notice was the fact that November 2020 saw the most number of redeemed Casascius physical bitcoins in three years. Approximately 92 coins were peeled […]

Continue Reading

Bitcoin in a precarious situation: To dive to $18,000 before the final approach to $20,000

Bitcoin is on the cusp of a breakdown to $18,000 before resuming the uptrend to $20,000. On-chain metrics reveal a single bump, slightly above $19,000 that must come down to pave the way for gains to higher levels. Bitcoin appears to have a clear path to the coveted $20,000. However, attempts to break out to […]

Continue Reading

Network Landmarks, Derivatives Records- 2020 Bitcoin Metrics See a Number of All-Time Highs

Network Landmarks, Derivatives Records- 2020 Bitcoin Metrics See a Number of All-Time Highs

While the price of bitcoin has spiked to levels not seen in three years a number of other factors show that the current run-up is similar to the 2017 bull run. Active bitcoin addresses have neared all-time record highs, while the network’s hashpower has remained high as well coasting along at 130 exahash. Moreover, bitcoin […]

Continue Reading

Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year

Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year

A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain sleuths believe the Chinese government may have […]

Continue Reading

Over 5,000 Bitcoin Worth $97 Million from the 2016 Bitfinex Hack Spring Into Action

Over 5,000 Bitcoin Worth $97 Million from the 2016 Bitfinex Hack Spring Into Action

As bitcoin surpassed its 2017 all-time high on Monday morning, a few hours later 5,045 BTC or $97 million worth of bitcoin from the 2016 Bitfinex hack was transferred. The hackers that stole the funds four years ago have moved the bitcoins numerous times this year. The hackers that stole 119,756 BTC from the cryptocurrency […]

Continue Reading

Bitcoin masterplan breakout eyes $22,500 as crypto bull market nears the ultimate flipping point

Bitcoin exchanged hands at its all-time high for the first since 2017’s bull market Bitcoin is banking on establishing higher support, preferably above $19,000 to help in the mission to $22,500. Bitcoin traded at its all-time for the first time since December 2017, although an untimely correction seems to be coming into play. The main […]

Continue Reading

Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017’s Bull Run

Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017’s Bull Run

Digital currency markets are on a tear this week, as a myriad of crypto assets have seen enormous gains during the last two days. Then finally, on November 30, 2020, the largest blockchain in terms of market cap, bitcoin (BTC) surpassed its 2017 all-time highs (ATH) after crossing the highly anticipated $19,860 zone on Monday […]

Continue Reading

Bitcoin prepares for the ultimate liftoff to $20,000 after rebounding from $16,200

Bitcoin is relentless with the fight for new all-time highs, especially now that bulls are in control. The immediate support at the 50 SMA is key to the uptrend, therefore, it must be guarded at all costs. Bitcoin bid farewell to the downtrend that came into the picture last week during the weekend. The flagship […]

Continue Reading

Market Update: Bull Trap Warnings After Bitcoin Shoots Above $18k Handle

Market Update: Bull Trap Warnings After Bitcoin Shoots Above $18k Handle

Digital asset markets have recaptured some of the losses taken three days ago, as a great majority of the crypto economy has started to rebound after the market rout. Bitcoin has climbed above the $18k handle once again and a myriad of crypto assets are up between 1-6% during the last 24 hours. After dropping […]

Continue Reading