Bitcoin On-Chain Indicators Suggest BTC Price Rally is not Over

Bitcoin On-Chain Indicators Suggest BTC Price Rally is not Over

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

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Bitcoin’s Price to Rally Like Tesla Shares, BTC Could Surge Beyond Past Fundamentals

Bitcoin’s Price to Rally Like Tesla Shares, BTC Could Surge Beyond Past Fundamentals

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

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PayPal’s Crypto Trading Services Officially Launch in the United States, Driving Bitcoin’s Price Past 16K

PayPal’s Crypto Trading Services Officially Launch in the United States, Driving Bitcoin’s Price Past 16K

PayPal’s crypto services are officially available for use. US PayPal users will now be available to buy, sell, and hold cryptocurrency assets securely through the payments network. The crypto services will be available in all states, except for Hawaii. The financial service provider will feature Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, which can all be stored on the application’s digital wallet. The addition of other cryptocurrencies is still to be announced. Due to high demand, PayPal has also decided to up its weekly cryptocurrency purchase limit to $20K, so that users can now trade up to that amount. The waitlist to leverage PayPal’s

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What Can You Buy With Bitcoin?

What Can You Buy With Bitcoin?

Bitcoin (BTC) has been on a price surge lately, surpassing the $16,000 resistance for the first time since 2017, but as the crypto’s value increases many are asking the question—what can you buy with Bitcoin? Since Laszlo Hanyecz, aka ‘Bitcoin Pizza Guy,’ traded his 10,000 BTC for two large Papa John’s Pizzas with eighteen-year-old Jeremy Sturdivant, aka jercos, on 22nd May 2010—’Buy with Bitcoin’ is now a slogan present in many large companies and outlets. Bitcoin is increasingly becoming part of daily life because people can use it to make purchases for goods or services across notable stores. The story of Laszlo

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What Is a Bitcoin ETF?

What Is a Bitcoin ETF?

Bitcoin Exchange Traded Fund (ETF) is a type of security that tracks the overall price of Bitcoin and enables investors to trade and purchase shares of it on traditional exchanges, circumventing crypto trading platforms. It combines the most popular digital asset in the crypto space – Bitcoin – and exchange traded funds. To understand Bitcoin ETFs properly, an investor needs to grasp the concept of an ETF. What is an ETF? An ETF is an exchange traded fund that regroups various securities belonging to the same sector. By holding an ETF, an investor will have access to a selection of

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‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Revolution in Central Bank Digital Currencies

‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Revolution in Central Bank Digital Currencies

Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin After years of publicly mocking and ridiculing bitcoin, Nouriel Roubini has admitted that bitcoin may be a partial store of value. Roubini teaches at New York University’s Stern School of Business and has his own economic consulting firm called Roubini Macro Associates. Famed for predicting the housing bubble crash of 2007-2008, his gloomy predictions

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Following One Decade Of Growth, DeFi Could Guide Bitcoin’s Next

Following One Decade Of Growth, DeFi Could Guide Bitcoin’s Next

Since 2009, Bitcoin has come a long way while proving its worth, improving its regulatory standing and raising interest globally through media and the internet. From having zero relative value to fiat as a currency in its early days to being valued at $19,783.06 in December 2017, bitcoin has shown immense power. Today, nearly everybody, whether or not they know about blockchain technology, has at least heard of Bitcoin.  Below is a timeline meant to express how far Bitcoin has come in such a relatively short amount of time, from inception as a revolutionary concept to an asset that is

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