Bitcoin Tops $27K for First Time, Has Risen More Than $2K in a Little Over a Day
After hitting $25,000 on Dec. 25 and $26,000 on Dec. 26, quite naturally the price of bitcoin (BTC) soared past $27,000 early on Dec. 27 as the leading cryptocurrency’s recent meteoric rise continues.
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Historical data of the “coin days destroyed” indicator versus the Bitcoin price may suggest the metric can help predict tops. The Bitcoin Coin Days Destroyed (CDD) Indicator As explained by an analyst in a CryptoQuant post, the coin days destroyed metric might be a reliable indicator for BTC tops. A “coin day” is defined as […]
The leading cryptocurrency set another all-time high this month.
The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund was the best performing bitcoin product by market price over the last 30 days. Cryptocompare published its “Digital Asset Management Review” for the month of February on Friday. The report states that the total assets under management (AUM) across all exchange-traded products (ETPs) increased 50% to $43.9....
The leading cryptocurrency hit a new-all time high of $38,286.65, before settling down to $36,004.99, up 5.93% over the last 24 hours.
Bitcoin, although a powerful and disruptive financial technology, at its core, is mere mathematics. Its code is what keeps the network operating, its supply hard-capped at 21 million BTC, and much more. But could that computer code and supply mechanism also help provide clues to when the crypto market tops and bottoms? According to a […]