Bitcoin whales have been shorting the market. On Nov 21, crypto analyst Willy Woo indicated that “old hands have been selling into this rally since the start of November.” Old hands selling is a bad sign that may mean that a price drop may be coming soon. Bitcoin whales stir movement on the market On Nov 22, Crypto Quant CEO Ki Young Ju indicated that “When whales are active (over 90%) on Coinbase, the $BTC price will likely be going sideways or bearish.” Typically, whales can acquire Bitcoin at a much lower price. They simply cash out to guarantee enough profit when the market becomes

One of the things that are frequently being heard is the question, “is it too late to buy Bitcoin”? This question normally takes different forms such as “I wish I got into Bitcoin sooner.”  Bitcoin’s price has exploded recently, hitting above $19,000, taking its market capitalization to an all-time high. While investors are wondering whether it is too late to jump on the Bitcoin bandwagon, Jim Cramer, TV personality on CNBC’s Mad Money and long-time investor has addressed these questions. In his Twitter post On Nov. 24, Cramer stated that he thinks that it is not too late to invest in Bitcoin. He

One of Australia’s largest investment management firms by assets under management has recently converted to Bitcoin. On behalf of Pendal Group, Head of Bond, Income, & Defensive Strategies Vimar Gor said that he saw great promise in Bitcoin bonds.  In an interview with Financial Review media outlet, he said that Bitcoin is becoming more mainstream while government bonds are a dying asset class. Gor announced that Pendal Group Limited, Australia’s leading investment management company, is taking a stake in Bitcoin through futures contracts. The investment firm is set to join long-established futures markets like CME Group Exchange and the Chicago Board

New data from ChartsBTC reveals that the Bitcoin (BTC) trend in 2020 is outperforming the post-halving bull run of 2016, which delivered the all-time high (ATH) price of $20,000 in December 2017. The on-chain analytics platform suggests that the post-halving trend of 2020 finds itself between those of 2012 and 2016, with the former being higher.  What is the correlation between a price rally and post-halving? The Bitcoin price is a stone’s throw away from the all-time high of $20,000 because it is currently trading at around $18,300 at press time. Bitcoin (BTC) has been on a price rally since it reached rock-bottom of around

Bitcoin (BTC) price has continued on its massive rally over the past few weeks, surpassing many resistance levels, and is currently trading at $18,545 at press time. The amount of Bitcoin whales, who have at least 10,000 BTC has increased to 114 as the cryptocurrency’s price rose above $18,000.  Bitcoin holders with over 1,000 have also hit an all-time high of 2,449. Bitcoin’s liquidity on exchanges has also been on a downward trajectory, with the year-to-date balance of exchanges down by 18 percent, according to crypto analytics firm Glassnode. Many altcoins have followed Bitcoin’s bullish footsteps, including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Cardano (ADA), and

Bitcoin’s price has more than doubled in value since its third halving in May. At the time of writing, Bitcoin has once again pushed past an $18K level on CoinMarketCap, trading at $18,089.77. Market experts have greeted Bitcoin’s bullish momentum with enthusiasm and have stipulated that this time around, Bitcoin’s increase in value will be sustainable, in comparison to its bull run to its all-time high in 2017. According to findings from blockchain analytics Chainalysis, Bitcoin’s price has increased by 110% since its third halving in May, where it was trading around the $8,500 level. There are a few indicators that may serve to explain

One of the wealthiest men in Mexico, Ricardo Salinas Pliego has just revealed that he had invested 10% of his liquid portfolio in Bitcoin (BTC). The Mexican billionaire believes that cash is “worth nothing,” as he posted a video showing banks throwing out paper money. He explained in his post that “paper money is worth nothing, and that “it is always good to diversify our investment portfolio.” In the video, Venezuelan bolivars have been thrown out, as the country has been infamous for its escalating inflation crisis.  Pliego also tweeted and recommended the book “The Bitcoin Pattern,” explaining that Bitcoin could project

Bitcoin has once again soared to new heights, rallying above $18K and hitting a high of $18,393.95 on CoinMarketCap at the time of writing. The mainstream cryptocurrency has seen exponential growth and has exceeded all expectations, as it is the first time since 2017 that it has surpassed the $18K mark. Since its inception in 2009, Bitcoin’s price has only reached above $18,000 on four days. Speaking about Bitcoin’s surge past a crucial benchmark, MicroStrategy’s CEO Michael Saylor said: “#Bitcoin is a monetary network that gets stronger as more individuals & corporations adopt it to protect their treasury reserve. The fire in cyberspace is

Bitcoin’s price has performed considerably well in 2020, especially in the second half of the year. Bitcoin (BTC) is trading around 15 percent below its all-time-high price in 2017. At press time, Bitcoin is trading up by 95 percent in the past year, and over 8 percent in the past week.  The boost to Bitcoin’s price could also be attributed largely due to the adoption of the cryptocurrency, as many large institutions decided to start investing in BTC. Bitcoin witnessed massive institutional adoption this year, with MicroStrategy leading the pack with an aggregated purchase of 38,250 Bitcoin.  PayPal also announced that it would

In the past few days, Bitcoin has been steadily trading above $16,000, and is currently trading at $16,215 at press time. Since Bitcoin’s price surpassed the $16,000 mark, the cryptocurrency has not been able to gain more bullish momentum as bulls and bears have balanced out.  Bulls and bears have not been able to control Bitcoin (BTC)’s price action in the near-term, and has not shown any clear signs of its upcoming trends. However, Bitcoin’s price action is crucial as many altcoins have rallied following Bitcoin’s price trends, as a result of the world’s largest cryptocurrency’s bullish momentum. A cryptocurrency