This American institutional fund just set a $535,000 price target for Bitcoin
The fund purchased $175 million worth of Bitcoin earlier this year and is on the “go loud, go long” bandwagon ever since.Enter institutional Bitcoin shillingSkyBridge Capital, a New York hedge fund founded in 2005, is a recent Bitcoin convert. The firm purchased over $175...
Bitcoin Blasts Past $34K for First Time, Less Than 24 Hours After Blowing Through $30K
Another day, another $1,000-plus increase in bitcoin’s price, bringing the leading cryptocurrency’s combined gains this new year to about $5,000.
The price of bitcoin surged past $34,000 for the first time ever early Sunday morning Eastern time, extending a record-setting holiday rally and adding an...
It’s Genesis Block Day. Do You Know Where Your Bitcoin Keys Are?
Today is Bitcoin Day, the anniversary of the Genesis Block that marked the beginning of the Bitcoin blockchain in 2009. This year, with the price of bitcoin shooting for the moon, Bitcoiners have more reason to celebrate – and more reason to assert their...
Crypto Long & Short: Looking Back on a Monumental Year
The first Crypto Long & Short of 2021 has a different format: Instead of the usual article, I’ve asked some leading industry analysts – from Kaiko, IntoTheBlock, skew.com and Arcane Crypto – to share their favorite charts with you. The depth and quality of...
Mike Novogratz thinks the Bitcoin price could correct after gaining 100% in weeks
Bitcoin has undergone an extremely strong rally over the past few weeks, shocking most investors.Even after this morning’s drop toward $30,000, BTC remains up by approximately 75 percent in the past 30 days and up by over 100 percent in the past six weeks.The...
Bitcoin Options on Deribit Now Go to $200K After Recent Surge
The folks at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally...
1 Bitcoin Equals 1 Tesla as BTC Price Breaks $34,000
On January 2, Bitcoin was trading at about $30,300. On Sunday morning, it surpassed $34,000 for the first time ever, which put the gain this year at almost $5,000. 2021 started with a strong rally for Bitcoin (BTC). It soared to $34,700 on Sunday and...
Bitcoin Tanks 15% a Day after Hitting All-Time High Above $34,000, Social Media Interest Surges
Bitcoin enters sharp correction after gaining more than 70% in a month’s time. The social media interest in Bitcoin has reached a new all-time high.Massive volatile and heavy selling sweeps Bitcoin (BTC) as the world’s largest cryptocurrency tanks 15% a day after hitting its...
Bitcoin Surpasses $34,000 After 16% Rebound in 24 Hours as BTC Turns 12
Bitcoin has surpassed $34,000, setting a new record high as FOMO from institutional investors at Coinbase propels the crypto.Bitcoin has surpassed $34,000 for the first time ever. The top cryptocurrency shot up by 14% in the past 24 hours, marking the Bitcoin Network’s 12...
On-chain analysts explain why Bitcoin suddenly dropped 16% in 6 hours
The price of Bitcoin declined by 16% in six hours after an explosive rally to above $34,000. The correction occurred as the derivatives market became extremely overheated.The Bitcoin futures market can become overcrowded if the market is dominated by either short-sellers or buyers. If...
