How the 2020 Bitcoin Bull Run is Different From 2017, High Confidence Seen in BTC at Current Price

How the 2020 Bitcoin Bull Run is Different From 2017, High Confidence Seen in BTC at Current Price

Bitcoin has recorded its all-time high price at over $24,000 recently and has been sustaining its price above $22,000 for nearly a week. Bitcoin is currently recovering, and has gained 4.4% in the past 24 hours. In the past week, Bitcoin is still up by over 20%, currently trading at $23,513 at the time of writing. The last time Bitcoin has seen such bullish momentum and rallies was in 2017, where it made its previous all-time high at just under $20,000. Bitcoin has seen much more institutional adoption since 2017, with MicroStrategy, Square, MassMutual, Ruffer Investments among others investing in Bitcoin. 

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Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price

Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price

Bitcoin has seen multiple incredible rallies this year, recording new all-time highs. Bitcoin’s price has reached its all-time high of over $24,100 earlier last week, and has since consolidated. Bitcoin’s price plunged over 4.4% in the past 24 hours, slumping to $22,802, however, it has stayed well above its strong support level of $20,000. Although Bitcoin’s price has retraced, MicroStrategy also recently announced that it has purchased more Bitcoin, this time—$650 million in BTC. MicroStrategy now owns more Bitcoin than the United States government, making it the fifth-largest holder of BTC. As MicroStrategy has hoarded more Bitcoin, the CTO of Glassnode, Rafael Schultze-Kraft noted

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Bitcoin Price at $30,000 Could Mean BTC is Rising too Far too Fast, says Tone Vays

Bitcoin Price at $30,000 Could Mean BTC is Rising too Far too Fast, says Tone Vays

Crypto Analyst and Bitcoin trader Tone Vays has warned that should the Bitcoin price hit $30,000 this week, the crypto will be in the “rising too far too fast zone” which has typically lead to drastic price plunges. Bitcoin surged above the $24,000 level and recorded a new all-time high over the weekend. Breaking past its resistance level at $24K, Bitcoin managed to reach over $24,200, but is not consolidating and trading slightly lower, at a BTC price of $23,839 at time of writing. Sharing a chart analysis presentation, Tone Vays tweeted: “I remain bullish going into Monday but if #Bitcoin is

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Bitcoin and Gold can Coexist, according to Goldman Sachs

Bitcoin and Gold can Coexist, according to Goldman Sachs

After reaching levels never seen before, Bitcoin (BTC) has become the talk of the town after breaching the $22,000 level as it is currently trading at the price of $23,165 at the time of writing, according to CoinMarketCap. Investment giant Goldman Sachs has delved into the issue of how Gold and Bitcoin can coexist together because the latter is continuing to cement its status as a safe-haven. Bitcoin steals the show as gold takes a beating The recent BTC’s bull run is continuing to woo institutional investors to join the Bitcoin bandwagon, and this has seen the price go through the roof. For

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Bitcoin Addresses with more than $1 Million Go Parabolic

Bitcoin Addresses with more than $1 Million Go Parabolic

As the year nears the end, Bitcoin (BTC) has given pundits, investors, and traders an early Christmas present by crossing the $22,000 mark for the first time in its history. This price rally has given the crypto space all the reason to smile about because it is hovering around $22,900 at the time of writing, according to CoinMarketCap. Glassnode has added a new wrinkle to this price surge by noting that BTC addresses holding more than $1 million increased by 150% to 66,540. The onchain data provider tweeted: “The number of Bitcoin addresses holding at least $1M USD has gone parabolic. It

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Bitcoin Price Sets New Record High in 2020, as 100% of BTC Wallets are in a State of Profit

Bitcoin Price Sets New Record High in 2020, as 100% of BTC Wallets are in a State of Profit

Bitcoin has just set a record high today, surging above the $20,000 resistance level and setting a high at above $20,600. The world’s largest cryptocurrency has been able to maintain its price above $20,000 for over an hour, at the time of writing. As Bitcoin has seen its price rally in the past hour, the amount of liquidations of short positions on Binance has reached $94,293,438, according to crypto analytics firm Glassnode. Bitcoin’s price has hinted at this new all-time high as Bitcoin’s hash rate has been showing strength just a few days ago.  Bitcoin’s realized cap also reached $150 million just a day ago,

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DeFi Tokens Surge as Bitcoin and Ethereum Hover Around Support Levels due to the Coinbase Effect

DeFi Tokens Surge as Bitcoin and Ethereum Hover Around Support Levels due to the Coinbase Effect

As Bitcoin is attempting to stay steadily above its support level, decentralized finance (DeFi) tokens have been surging. As the DeFi sector has been booming this year, cryptocurrency exchange Coinbase recently decided to list a few DeFi tokens on its exchange. These DeFi tokens include Filecoin (FIL), Wrapped Bitcoin (WBTC), UMA (UMA), Uniswap (UNI), Yearn.finance (YFI), Aave (AAVE), Bancor (BNT), and Synthetix Network (SNX). These tokens would be available for Coinbase Pro. Following Coinbase’s announcement, AAVE, BNT, and SNT tokens all surged, rallying from 10% to 24%. A common trend was seen when Coinbase lists new tokens, their prices usually jump in the

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What Pantera Capital CEO Thinks Will Be The Best Performing Cryptocurrency in the Next 12 Months

What Pantera Capital CEO Thinks Will Be The Best Performing Cryptocurrency in the Next 12 Months

Dan Morehead, the CEO of Pantera Capital digital asset investment firm, revealed to Bitcoin bull Raoul Pal what he thinks will be the best performing cryptocurrency in the next 12 months. What may come as a surprise to many is that it was not Bitcoin that he predicted to be the most successful digital asset in the next twelve-month period. Bitcoin’s bull run of 2020 praised The Pantera Capital CEO did however praise Bitcoin (BTC) and Ripple (XRP) for different achievements they checked off for the cryptocurrency industry. He praised Bitcoin’s rally this year and compared it to the 2017 bull

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Bitcoin Whales Return To Exchanges Stifling BTC Relief Price Rally Above $19,500

Bitcoin Whales Return To Exchanges Stifling BTC Relief Price Rally Above $19,500

The Bitcoin price surged out above $19,500 earlier today, recorded as high as $19,570 on major exchanges before a sharply dropping to $19,050 due to selling pressure from BTC whales. Bitcoin price peaked just under $19,600 before once again facing rejection at the level due to selling pressures from BTC whales who had returned to exchanges in force. Following Bitcoin’s recent surge to new all-time highs, the crypto became oversold and the BTC price plunged on Dec. 12 to $17,600, before quickly recovering above the $18,300 level. Bitcoin then found a relief rally and surged through a key resistance level at $18,800

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Bitcoin: Bull or Bear Market After Surging Above $19K? Here's What Analysts are Saying

Bitcoin: Bull or Bear Market After Surging Above $19K? Here’s What Analysts are Saying

After dropping below $17,700, Bitcoin’s price has swiftly rebounded to trade over $19,000 in the past few days. On Dec. 13, Bitcoin’s price rose above the $19,000 level, and is currently trading at $19,186. Bitcoin suffered a correction last week as the US dollar began to gain strength. As there were news of stricter cryptocurrency regulation to come out, many investors were afraid to cash in. However, since the news of MicroStrategy to purchase over $600 million worth of Bitcoin came out, Bitcoin’s price has been positively impacted. Nic Carter, the co-founder of CoinMetrics and founding at Castle Island Ventures

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