Billionaires buy Bitcoin November 18, 2020 We are seeing an almighty squeeze in the Bitcoin price. There is a tsunami of buying power up against reluctant sellers. These buyers are putting real money behind Bitcoin, not the old dribs and drabs normally seen from retail investors. The world’s billionaires are scrambling aboard and the numbers prove it. In 2017, there was [...]
Relentless November 18, 2020 Surging Higher Bitcoin continued its relentless surge higher and after breaching the $18,000 level, the upside temporarily stalled at $18,500, but the dip buying interest was so strong that the dip into the low $17,000 was brought-up without any hesitation. The path towards an all time high is very much in sight. Similarly, Ethereum also [...]
Trends in Ethereum DeFi in Q3 2020 November 18, 2020 Three trends defined Ethereum DeFi in Q3 2020: 1) The Rise of Automated Market Makers (AMMs) 2) Governance tokens and yield farming 3) Forks, derivatives, and network effects 4) and “weird DeFi.” The Rise of Automated Market Makers (AMMs) The trend: While stablecoins and lending platforms have long been the centers of activity in the [...]
Why the pandemic and the coming economic downturn will accelerate Bitcoin’s adoption November 18, 2020 In October this year, Mode floated on the London Stock Exchange’s Main Market. Two weeks later, we decided to allocate a portion of the money we raised to purchase Bitcoin as part of our treasury strategy. In doing so, we became the first plc in the UK to officially announce the diversification of our reserves [...]
Watch it grow November 17, 2020 Beating Congestion Bitcoin continued to edge higher, making steady progress through the congestion area between $16,100-17,150. The risk on sentiment shows no sign of abating and the trend higher is therefore expected to remain in place. With that in mind, the aggregate open interest (OI) rose yet again to a new record high and continuing [...]
Crypto AM shines its Spotlight on ByteTree Asset Management November 17, 2020 Bitcoin – acceptance and accessibility An asset still in its infancy Estimates vary, but it’s reckoned that there are about 60m Bitcoin wallets in existence. That seems like a lot until you consider there are around 3.5bn smartphone users on the planet. Assume that smartphone ownership is a pre-condition of digital currency ownership and you [...]
Bitcoin surpasses $16,000 as $30 million of BTC move after being dormant for a decade November 17, 2020 This week CryptoCompare data shows the price of Bitcoin (BTC) moved from around $15,800 to a $15,000 low. Bounce off on the support, the flagship cryptocurrency moved to a $16,300 high in the middle of the week. After a short correction, it moved back up, and is now trading close to the $16,300 mark again. [...]
Staying and Beyond November 16, 2020 Softer Touch Bitcoin traded a touch softer over the weekend but well within the recent highs and the price action early doors Monday pointed to another attempt to test higher levels. Similarly, Ethereum also dipped over the weekend just ahead of the key $500 mark, with the $477 zone showing some resistance. As noted recently, [...]
To the Moon November 13, 2020 Edging Higher The market continued to edge higher, with Bitcoin attempting to make its way through the congestion area between $16,000, $17,000- $17,150 zone based on 2017/18. Ultimately, the markets are looking to test all-time highs; so much so that resistance before that looks almost futile based on the current risk on sentiment. However, it [...]
Pushing the Heights November 12, 2020 Upward Trajectory The reports that the Ethereum blockchain network suffered issues Wednesday morning, with knock-on effects at related service providers, were timely brushed off by market participants and the bullish camp regained upside momentum yet again. Bitcoin made another push towards the $16000 level as the total aggregate open interest (OI) hit another record high. [...]