BTC Price

Despite the bear market, Michael Saylor still believes Bitcoin is virtually guaranteed to reach a one million dollar price tag. He thinks that Bitcoin has already “crossed the chasm” of answering the two most critical questions surrounding it, making its success inevitable. Bitcoin is Really Happening In an interview with CNBC’s Squawk Box on Tuesday, the MicroStrategy CEO was challenged on his bullish Bitcoin thesis. The interviewer posited that Bitcoin’s regulation and “maturity” could see significant “flush cash” and “leveraged…

With the war in Ukraine raging on, and Russia targeted by crippling sanctions, fear is taking hold of the markets, including crypto. Crypto investors are struggling to assess the effects of war in Ukraine on cryptocurrencies. One of the risks is a hit to Bitcoin's hash rate. The hash rate, a measure of the computing power involved in validation, is a key measure of network security. In Bitcoin's network, it depends on mining. Now, Russia, the third-largest Bitcoin miner faces…

If Bitcoin became as big as gold, it would be worth $150,000, JP Morgan suggests. But not before its volatility becomes equal to that of gold. Analysts at the investment bank JP Morgan upped their theoretical value of Bitcoin based on comparison with gold. Namely, if Bitcoin's market cap reached that of all privately-held investment gold, BTC would be at $151,000. The estimate is up from the last month's $146,000. However, with Bitcoin's volatility taken into account, the numbers look…

Crypto markets collapsed after a global sell-off in risk assets and as Russia's proposed a ban on all cryptos. Bitcoin fell 9% to $38,500, breaking key support at $40,000, as global markets saw a 1% decline. Other major cryptos fell as well. Ethereum dropped by almost 12% to $2,793. Binance's native coin BNB dropped 10%. Smart contract blockchain Cardano lost 13%, dropping to $1.19, while Solana dropped by 15%, to $117. Almost all the major cryptos were in the red,…

On-chain statistics represent a new methodology designed to gain more insight into the crypto market. However, as a new industry, the blockchain sector initially faced an apparent lack of data, with consequent difficulties in realising accurate analyses. Finally, we are entering a more mature market phase after several years. For example, one prominent crypto community member has recently pointed out that Bitcoin (BTC) prices appear to be pushed more and more by retail investors. This article will sum up the…

Bitcoin's excessive price volatility has elicited numerous discussions about whether the digital asset has intrinsic value. Since its launch in early 2010, Bitcoin has displayed a wild price ride. In April 2021, it hit an all-time high price of around $64 000. Furthermore, 2017 was a historic year in Bitcoin's price charts. Then, the coin started trading at $1,000 and ended at $19,783.06, representing a 1,824% increase in value.  Bitcoin has historically risen in value, with experts predicting that the…

Blake Masters, an American venture capitalist, and CEO at Thiel Capital, called upon the U.S. government to purchase Bitcoin. He noted they do so as a reverse strategic asset after China moved to ban it once more. Thirty-five years old Blake, who is also an author, is currently running for a U.S. Senate seat. He wants to represent the state of Arizona. Blake informed the public that his campaign now accepts donations in the most prominent cryptocurrency. He asked the community to D.M. him…

Bitcoin is trading in a short-term bearish zone after it tanked below $40K on Aug 3 as bulls failed to force a breakout above the $42K level. The coin hit highs of $42,435 on Aug 1 following three days of convincing attempted breakouts above that stubborn resistance, but upward momentum is now fading. BTCUSD has broken below $38.4K at press time after shedding 4% off its gains in the past 24 hours. After breaking below the $39,200 support levels in…

Bitcoin failed to gain momentum over the past 24 hours and dropped almost below $31K as the broader crypto market struggled to rebound. According to a tweet from respected trader Byzantine General, retail investors are cashing in on the decline by consistently short squeezing the flagship cryptocurrency. This trend might spark some panic selling in the market, pushing prices closer to the much-awaited bitcoin bottom. Responding to Byzantine general’s outlook on the bitcoin market, one Twitter user wrote: “Chances of…