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Bitcoin options drove the price this week

Why did Bitcoin fell in value this week? This may well have been due to the expiry of bitcoin option contracts. According to data from ByBt, as much as 104,000 bitcoin option contracts expired, which together are worth more than USD 6 billion. With a bitcoin option contract you have the right, but not the […]

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Bitcoin Nears $ 56,000 As Tesla’s ‘Elon Candle’ Hits Days Before BTC Options Record Expiration

Elon Musk is «astutely aware» of the impact of option expiration, Zhu Su says, as Tesla begins an unlikely rally after a week of losses. Bitcoin (BTC) rallied above $ 56,000 on March 24 after a new «Elon candle» put a familiar spring in the wake of the bulls.. Decisive time at $ 58,000 Data […]

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Bitcoin adoption is happening!

It was a rough start of the week, as the price of bitcoin fell by more than 5,000 dollar (4,200 euro). But there’s good news too: it seems like bitcoin has found a bottom. That’s not the only good news though! More active bitcoin addresses than ever  According to blockchain analysis company Glassnode, there are […]

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These are the reasons why the price of Bitcoin dropped 5% after failing to break above the $ 60,000 level

BTC fell below $ 56,000 on Sunday as several bearish signals emerged. Bitcoin’s price fell below $ 56,000 on March 21 after being rejected multiple times at the $ 60,000 resistance level in the past four days. Despite being closer to cleanly surpassing that key technical level, Bitcoin has been showing weakness in the $ […]

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Would a US wealth tax push millionaires to adopt Bitcoin?

There are ways that a tax on the ultra-rich could push them towards cryptocurrencies, but hiding assets is not one of them. The imposition of a progressive tax on the ultra-rich has been a popular topic of conversation among many Democrats in the United States, but such a policy would have been unimaginable under a […]

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Bitcoin «Won’t Stop at $ 100,000» and Could Hit $ 288,000 in December, Says Creator of Stock-to-Flow Model

Bitcoin’s 2021 bull run has «at least a few months left,» PlanB says amid impatience as the BTC / USD pair hovers below recent highs. Bitcoin (BTC) has plenty of room to grow in its current bull run and will «not stop» at $ 100,000, according to analysts, including PlanB. In various social media posts […]

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What caused the Bitcoin dip?

Last weekend, we opened champagne bottles because of a new all-time high! Things are moving fast in the crypto market however, as bitcoin has made a significant correction. But why is bitcoin falling? Let’s take a closer look! Will India put a ban on bitcoin?  According to various media, bitcoin’s decline is easy to explain. […]

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Why is the price of Bitcoin rising?

A University of Texas professor and venture capitalist named Robert Metcalfe proposed years ago that a simple equation would be responsible for an explosive growth in the value of technology. Metcalfe’s Law, as it is known, states that the value of a network increases exponentially with an increase in the number of people who use […]

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Bitcoin hits $ 60,000 and sets a new all-time high

Bitcoin (BTC) broke the $ 60,000 barrier this Saturday, March 13, setting a new all-time high, three weeks after reaching its previous high of $ 58,300. The first of the cryptocurrencies reached the milestone, just one year after the so-called “Black Thursday”, the day it fell to USD 4,000, losing more than 40% of its […]

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Bitcoin bulls launch towards $ 60,000 following the breakout of a key resistance in the price of BTC

Bitcoin’s price points to a new all-time high as traders push BTC above $ 57,000 and institutions increase their exposure to cryptocurrencies. In the last hour, the price of Bitcoin (BTC) surged to $ 57,100, a level not seen since February 20 when the price of BTC reached a new all-time high of $ 58,352. […]

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