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Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% — Fund Reaches an All-Time Low Against BTC […]Powered by WPeMatico
The price of bitcoin is down 16% over the last 30 days and since the crypto asset’s all-time high (ATH) on November 10, 2021, bitcoin has lost more than 38% since it surpassed $69K per unit that day. Meanwhile, crypto advocates are furiously debating whether this is a bitcoin bear market or if the bull […]Powered by WPeMatico
Leaning on others for financial advice is never a smart idea. This is especially true where the bitcoin price is concerned, as this market is far too unpredictable. Bob Loukas, a trader of bitcoin, gold, and stocks, has shared his 2020 outlook on Twitter. Bob Loukas is Bullish on Bitcoin It appears that this individual expects a bullish narrative for the world’s leading cryptocurrency. However, Bob Loukas also hints at how more accumulation will occur for some part of 2020. That is never a bad outlook, primarily because accumulation after an uptrend can lead to a continuation of the upward
The post Bob Loukas Expects a Bullish Year for Bitcoin and Precious Metals appeared first on The Merkle Hash.
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Bitcoin has jumped back to the $9,300 mark. The currency had recently been tested at $9,800, and was unable to surpass $10,000 mark over the weekend as so many analysts and users were hoping. It fell to $9,500 the following day, $9,300 after that, and ultimately settled at $9,100 during yesterday’s early morning hours. Overall, the total drop amounted to $700 over the course of three days. Now that the currency has moved up, many are wondering if the bulls have once again taken the reins and are pushing bitcoin back up the financial hill. One source verifies that thisPowered by WPeMatico