Bitcoin News
By Sydney TheCMO
1 / 12
In the last few months, Bitcoin's performance demonstrated strong momentum that saw it reach a new high of $64,854.
2 / 12
Bitcoin's performance in the last 24-hours hit a high of $56,435 and a low of $54,370 indicating that its volatility is cooling down.
3 / 12
This week the price seems to have built up support at around $54,000, $54,755, and $55,000 with solid resistance around $57,000, $56,765, and $59,300, indicating that the…
4 / 12
Its current price performance also indicates that it is locked in a rising wedge shape. Its current performance is the main reason why traders and investors are looking for…
5 / 12
Mark Yusko makes a case for a $250k Bitcoin
6 / 12
Mark Yusko, the Chief Investment Officer and founder of Morgan Creek Capital Management recently stated in a CNBC interview that the idea that Bitcoin has already peaked is a…
7 / 12
Yusko also believes that multiple protocols will survive over the long term, such as Ethereum and Litecoin.
8 / 12
The Creek Capital founder believes that if the entire monetary value of gold is $4 trillion, Bitcoin will try to match it since it is equivalent to digital gold.
9 / 12
If Bitcoin will gain value, then why is it stuck at its current price range?
10 / 12
Many factors influence Bitcoin's performance at any given point. Market forces play a significant role. More selling pushes down the price, but more buying pushes up the price.
11 / 12
The Bitcoin value held by whale accounts is a good reason why the cryptocurrency does not just drop drastically.
12 / 12
The realization that Blockchain, Ethereum and other blockchain protocols are foundational structures for the future of value on the internet suddenly opens up more possibilities.
The Currency Analytics
Want the full story?