The End Of Bitcoin’s Beginning
We are fast approaching sovereign state adoption as game theory plays out in front of bitcoiner’s eyes. This really feels like the “suddenly” part. A lot of work went into Bitcoin Beach over the last year to inspire El Salvador to make Bitcoin legal tender this week, but to the public this happened incredibly fast. The live announcement at Bitcoin 2021, the law being passed by a super-majority of the Legislative Assembly of El Salvador a few days later, and that same night the President was asked if El Salvador is considering mining on Twitter spaces. The next day he tweeted about a....
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Bitcoin’s recent 10% fall from its all-time high of $124,500 in early August has sparked speculation about whether this is just a healthy pullback or the beginning of a market top. Now, popular analytics firm Glassnode has released its latest report suggesting that we could actually be witnessing a ‘historically late phase’ of Bitcoin’s current […]
Bitcoin’s price has finally broken back above $11,000 after a prolonged period of consolidation around $10,700 This move marks an extension of the momentum that was incurred following news of Square’s plan to purchase $50 million worth of BTC. Analysts and investors took this news as a sign that companies are widely beginning to accumulate BTC to hold as a reserve asset As such, it renewed a bullish sentiment and, as can be seen today, […]
Bitcoin’s upwards momentum has stalled following the promising push higher seen yesterday This allowed the cryptocurrency’s price to surge up towards $10,800, which is where it met some serious resistance that slowed its uptrend Despite rejecting at this level, the subsequent downtrend has not been that intense, indicating that bulls may still have some underlying strength One analyst is noting that although BTC is beginning to look bearish, the fact that funding rates are still […]
Ethereum now accounts for 19.2% of the overall cryptocurrency market whereas Bitcoin dominance has fallen to 40.7%. The market capitalization of Ether (ETH) has increased at a much faster rate than Bitcoin’s (BTC) over the past year, highlighting the relative outperformance of ETH versus BTC over that period. In its latest Blockchain Letter, cryptocurrency investment manager Pantera Capital charted Ethereum’s growth trajectory. “The ratio of [E]thereum’s market cap to Bitcoin’s market cap has doubled in the last year,” the investment manager said, adding:“We think this is the beginning of....