Bitcoin Price Surges Past $95,000 — Analyst Discusses The Real Drivers
The Bitcoin price has been in impressive form over the past few weeks, breaking above the psychological $90,000 level in the past week. The premier cryptocurrency seems to be approaching the weekend with the same — if not greater — momentum after crossing $95,000 on Friday, April 25th. Who Is Really Behind The BTC Rally? […]
Related News
An on-chain analyst has explained why the Bitcoin spot exchange-traded funds (ETFs), although important, may be something other than the drivers in the market. Bitcoin Spot ETFs Compared With Other Capital Flows On The Network In a new post on X, on-chain analyst Checkmate has discussed how the different capital flows in and out of Bitcoin stack up against each other. The first netflow of interest is naturally the total capital netflow itself. This netflow is calculated using the Realized Cap indicator. The Realized Cap is a capitalization model for BTC that calculates the asset’s....
As of right now, the Uber taxi service app does not have a feature that allows people to tip their drivers electronically. Uber drivers have been complaining about only being able to receive tips in cash for quite a while. In-car advertising company Vugo now meets their demand with a new feature, called “Tip your driver.” Uber is a taxi service app that connects drivers and passengers. The app uses a smartphone’s GPS functionality to find a driver that is nearby, even if the passenger does not know the address they are at. The service is very quick and hassle-free. Because of this, the....
Former Uber driver and Vugo cofounder James bellefeuille has launched a Vugo bitcoin tipping service for Uber drivers, to enable customers to tip the drivers using bitcoin, instead of cash. Uber, American international transportation Network Company currently valued at US$ 50 billion by the Wall Street Journal and many Venture Capital Firms worldwide, has always had unresolved issues with its drivers - tipping. The billion dollar network has never enabled its drivers to accept tips through its app, which became a significant disadvantage for its drivers. Especially now, that most of Uber's....
A crypto analyst has shared a new bold forecast for the Ethereum price, predicting that the number one altcoin is on the verge of an explosive rally to $17,000. The analyst has cited past trends to support his bullish projections, highlighting that Ethereum rallies significantly after a decline. Ethereum Price Forecast Targets $17,000 According to Kiu_Coin, the Ethereum season has just begun, opening up possibilities of price reversals and buying opportunities. Lately, the Ethereum price has been trading sideways, experiencing massive declines that the analyst has described as a “shake....
A new report by Bitstamp and Bytetree says bitcoin responds better to the rising money supply, rising real interest rates and a strong economy. This is in contrast to gold which appears to perform better when real interest rates are falling while inflation is rising. To support these findings, the report points to the collapse of the gold price in Q2 of 2013, after the US Federal Reserve signalled it would raise rates in the future. During that period bitcoin value surged. In fact, the report asserts “that 2013 was bitcoin’s best-ever year (5400%) and gold’s worst year....