Last week, the BTC Times reported that Bitcoin was strongly outperforming altcoins as it passed $12,000. On the day of our report, the leading cryptocurrency gained approximately 2% as the price of Ethereum fell by approximately 3%.
One theory of Bitcoin's strong performance versus altcoins is based
Bitcoin surged higher on Tuesday despite weakness in the S&P 500 and other global stock markets. The price of the leading cryptocurrency shot to $13,750, the highest Bitcoin has traded in over a year. Per the BTC Times data, Bitcoin is up 5% in the past 24
Underscoring Bitcoin's recent rally are strong on-chain trends, according to a number of analysts.
On-chain Bitcoin specialist Willy Woo noted that while BTC is still far from its $20,000 all-time high, his NVT Price metric recently set a new all-time high.
The NVT (Network Value to Transactions
Underscoring Bitcoin's recent rally are strong on-chain trends, according to a number of analysts.
On-chain Bitcoin specialist Willy Woo noted that while BTC is still far from its $20,000 all-time high, his NVT Price metric recently set a new all-time high.
The NVT (Network Value to Transactions
Last week, the BTC Times reported that Bitcoin was strongly outperforming altcoins as it passed $12,000. On the day of our report, the leading cryptocurrency gained approximately 2% as the price of Ethereum fell by approximately 3%.
One theory of Bitcoin's strong performance versus altcoins is based
Bitcoin surged higher on Tuesday despite weakness in the S&P 500 and other global stock markets. The price of the leading cryptocurrency shot to $13,750, the highest Bitcoin has traded in over a year. Per the BTC Times data, Bitcoin is up 5% in the past 24
One of the few macro investors to predict the 2008 Great Recession, Raoul Pal, thinks Bitcoin will act as a "life raft" amid these unprecedented geopolitical and macroeconomic times.
How Raoul Pal Found Bitcoin
The investor released a 35-minute video on Tuesday outlining why he thinks so. After
Bitcoin's surge past $13,000 has not gone unnoticed by the mainstream media. CNBC brought on Meltem Demirors, CSO of CoinShares, then billionaire Wall Street investor Paul Tudor Jones to talk about the cryptocurrency after the rally.
In Tudor Jones' interview on Thursday morning, the hedge fund
The Bitcoin Fund (TSX:QBTC.U), an exchange-traded fund (ETF) operated by Canadian digital asset manager 3iQ that trades on the Toronto Stock Exchange, has cracked the $100 million milestone.
The Bitcoin Fund currently has 7.51 million stocks outstanding, according to 3iQ. Following its 4.14% increase in the
Bitcoin has broken strongly higher over the past few days after consolidating in the low-$11,000s. The leading cryptocurrency currently trades above $12,000, which has been highlighted by analysts as an important level of technical resistance.
It isn't clear what exactly is driving Bitcoin higher in
Numerous exchange data points indicate that a prolonged Bitcoin uptrend is nearing. Chris Russi, CIO at Point-Slope Capital, shared three key metrics from CryptoQuant to show the overall optimism surrounding Bitcoin’s current price cycle.
Negative Netflows and Whale Ratios Suggest Dropping Selling Pressure
Throughout 2020, net outflows on cryptocurrency
