4 reasons why Bitcoin’s bull run is intact despite a surprise stop hunt
Technical factors suggest Bitcoin is still in a bull run even after a sharp sell-off from $18,476. After Bitcoin (BTC) price suddenly dropped from around $18,500 to $17,200, some traders began to question whether a local top had formed but there are multiple factors that suggest the bull run is still intact. Following the initial pullback, BTC continuously showed extreme volatility, demonstrating market uncertainty.The four factors that show Bitcoin’s momentum remains strong are whale inflows, a strong market response, resilience above each whale cluster, and high open interest.Whales are....
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Introducing the Great San Francisco Bitcoin Treasure Hunt. Decipher clues, explore the city, find Bitcoins – no this isn’t the next Nicolas Cage movie – a mystery donor by the name of @SFHiddenBitcoin took to twitter today and transformed San Francisco into a gigantic interactive Bitcoin scavenger hunt. The “wallets” look like black credit cards with shiny letters and a QR code, a bitcoin address, and the hunt’s twitter handle. Each wallet reportedly contains 0.0333 bitcoin, or about $20. Several “Wallets” and tantalizing clues have been posted on Twitter and all throughout the city with....
If Bitcoin seeing a minor correction or consolidation in the next few days could benefit select altcoins. The supply and demand equation determines the price of an asset. In the past few months, the uptick in institutional demand for Bitcoin (BTC) has resulted in a strong bull run. This uptrend may continue until demand exceeds supply.On-chain data shows two withdrawals of more than 12,000 Bitcoin each from Coinbase Pro this week, which is just short of the 28,000 Bitcoin mined in November. This suggests that demand from institutional investors remains intact even after Bitcoin’s recent....