Auto Added by WPeMatico
The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the year’s end and by August 2021 prices could be $100,000 per bitcoin. The crypto asset bitcoin (BTC) is up over 24% over the […]
The post S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin investors are shrugging off the recent drop in value that saw a loss of over 10.9% on Sunday. A number of speculators believe the price is still very bullish but expect some more big dips along the way. Meanwhile, optimism has been cushioned as onchain statistics show that exchange withdrawals also surpassed deposits on […]
The post Bitcoin’s 10% Drop Shrugged Off – Traders Expect More Big Dips On the Way Up appeared first on Bitcoin News.
Powered by WPeMatico
Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s). The two […]
The post Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors appeared first on Bitcoin News.
Powered by WPeMatico
On Friday a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack that saw a great number of high profile accounts compromised. The hack also netted roughly $120,000 worth of bitcoins by leading unknowing individuals to doubler scams. The suspect Graham Clark has been charged with […]
The post Federal Agents Arrest Suspected 17-Year-Old Twitter Hack ‘Mastermind’ in Florida appeared first on Bitcoin News.
Powered by WPeMatico
During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold. Prior to Covid-19, central banks purchased […]
The post As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures appeared first on Bitcoin News.
Powered by WPeMatico
When it comes to Switzerland, first of all, people have associations with first-class chocolate, delicious cheese, the most precise watches, multi-purpose knives and, of course, a safe place to keep money. New Way of Holding Assets in Switzerland Since the dawn of time Switzerland has been a banking paradise attracting more and more people, who […]
The post Stablecoin Cold Storage Backed by Satoshis – Simba is a New Way of Holding Assets in Switzerland appeared first on Bitcoin News.
Powered by WPeMatico
Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded.” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775. “Too many people all of a sudden are involved in the […]
The post Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market appeared first on Bitcoin News.
Powered by WPeMatico
Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2.1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end of the year. Meanwhile, bank indexes show that financial institutions […]
The post Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low appeared first on Bitcoin News.
Powered by WPeMatico
The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.6 million BTC held on global trading platforms worldwide. Data from a number of sources show that the bitcoin (BTC) held on exchanges has […]
The post Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism appeared first on Bitcoin News.
Powered by WPeMatico
Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12. The research and analysis firm Glassnode revealed that when the price of bitcoin (BTC) is over the […]
The post 93% of Bitcoin’s Supply Profitable at $11K, ‘Realized Price’ Recovers from Black Thursday appeared first on Bitcoin News.
Powered by WPeMatico