Author: Maria

The past week proved eventful for Bitcoin (BTC)  holders after a historic price gain above $100,000 was accompanied by a flash crash of almost 7% pushing the asset’s price as low as $92,000 on early Friday.  Fortunately, BTC has found some stability resulting in a gradual return into the $100,000 zone. Amidst this price recovery, some market indicators assure investors of Bitcoin’s robust bullish structure. Bitcoin Liquidations No Bearing On Long-Term Price But Consolidation Nears In a Quicktake post on CryptoQuant, an analyst with the username Percival shared certain market insights on Bitcoin’s future movement following the recent market loss. …

The past week has been an eventful seven-day span for the Bitcoin price action and the general cryptocurrency market. From the flagship cryptocurrency achieving a six-figure valuation to “flash crashing” to under $90,000, investors have gone through various emotions over the past week. Unsurprisingly, the Bitcoin “flash crash” has been a major source of commentary in the past day, with several pundits providing insights as to how this phenomenon might affect the Bitcoin trajectory. Below are some of the on-chain lessons learned from the sudden price plunge, according to CryptoQuant’s head of research. What Happened In The BTC Futures Market?…

Finally, Bitcoin has barreled past the $100,000 threshold, a level predicted by many crypto analysts in the last few months. A longtime inactive cryptocurrency exchange rode on the BTC price surge and transferred more than 24,000 coins to a new wallet. Bitcoin breaks past the $100k level. Source: Coingecko Bitcoin Reaches A Milestone Analysts said that after a long wait, Bitcoin got enough momentum to push its price beyond the $100,000 mark. This is the first time that the firstborn crypto was able to reach that level. At 3:08 a.m. today, Bitcoin recorded $104,000, a new all-time high for the…

A popular figure in the cryptocurrency world known as “Bitcoin Jesus” – who has been indicted for a multi-million-dollar tax evasion case – asked a federal court to drop the charges against him. Bitcoin influencer Roger Ver hit back at the Biden administration, accusing the Us government of unconstitutional use of excessive power to cripple the cryptocurrency industry. Seeking Case Dismissal Ver’s legal counsels recently sought the dismissal of all tax evasion cases against the Bitcoin influencer, citing that the US government has overstepped its actions which have gone beyond what is allowed in the constitution. In February, Bitcoin Jesus was…

The Bitcoin price has continued on its consolidation path below the $99,000 price level, but investors remained determined to break above six digits. An analysis on the TradingView platform relays this bullish sentiment, with crypto analyst Waslad advising investors to hold onto their BTC. BTC’s Bullish Setup Within A Broadening Wedge Pattern As the analyst pointed out, the Bitcoin price has been trading in a broadening wedge pattern since early November. This technical structure has been highlighted by a series of higher highs and higher lows. Waslad’s analysis focuses on the movement of the BTC price within this broadening wedge…

Bitcoin mining could be a win-win solution to countries like the United Kingdom that are having problems with their excess output from renewable energy. The executive of a US-based digital asset technology firm suggested that Bitcoin mining could be the best way to eliminate wastage and grid congestion on renewable energy. The Bitcoin Solution Marathon Digital CEO and Chairman Fred Thiel offered a solution to grid operators and renewable assets who find it difficult to address wastage and grid congestion. Thiel, a known crypto miner, suggested that Bitcoin mining could help them manage grid congestion due to excess energy. He…

An analyst broke down the strategy behind the aggressive Bitcoin acquisition being done by MicroStrategy which is gaining attention because of the rising price of the alpha crypto. Anthony Pompliano, Founder & CEO of Professional Capital Management, understood the mathematical reason behind the company’s investment move but also warned that any investment is exposed to potential risks. MicroStrategy’s Bitcoin Acquisition Pompliano said that MicroStrategy is making a bold move to buy more Bitcoin and build up its crypto reserve by using convertible debt to finance the cryptocurrency’s acquisition. The investment firm offers its shares at a higher price than the…

The call of the Bitcoin price reaching $100,000 cooled off this past week, especially after the premier cryptocurrency slipped beneath $93,000 during the last seven-day span. Fortunately, BTC has somewhat recovered from the slump, climbing as high as $98,500 on Friday, November 29. Following the recent Bitcoin price decline, investors have been left wondering if the market cycle top is close — or if there is still more room for growth. A prominent on-chain analytics firm has revealed that the crypto market is still in a bullish phase. Bitcoin Still In A Bull Market, But Blockchain Firm Sounds Warning In…

On-chain data shows the Ethereum Exchange Supply Ratio has continued to move flat around 2016 lows, a sign that may be bullish for ETH. Ethereum Exchange Supply Ratio Has Been At Lows Recently In a CryptoQuant Quicktake post, an analyst has talked about the recent trend in the Ethereum Exchange Supply Ratio. The “Exchange Supply Ratio” is an on-chain metric that keeps track of the ratio between ETH’s Exchange Reserve and its total supply in circulation. The “Exchange Reserve” here refers to a measure of the total amount of the cryptocurrency that’s currently sitting in the wallets connected to centralized…

Vancouver is the latest city to join the discussions on adding Bitcoin to the government’s financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th. The city’s proposal is titled ” Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city. ” It aims to integrate Bitcoin into the city’s financial system and make Vancouver a “Bitcoin-friendly city,” using Bitcoin as a hedge against inflation and promoting economic development. Vancouver Makes A Move Towards BTC Adoption…