It’s no news anymore that Bitcoin has surpassed it’s all-time high (ATH) on Wednesday, bringing its price to about $67,000 On Wednesday. But how high can the digital asset really climb? Quite a number of analysts have been predicting new highs for Bitcoin for a long time now, and surely their forecasts truly came to
Bitcoin (BTC) has successfully managed to break past its strong barrier of $50,000. As of press time, BTC is trading 2.45% up at $50,306 and a market cap of $945 billion. For now, it seems that Bitcoin bulls have been dominating the charts. Bloomberg’s senior commodity strategist Mike McGlone believes that Bitcoin will continue to
October 2020 has been an absolute action-packed month for Bitcoin investors. The rally continued ahead in the first week of November as the BTC price reached close to $16,000 levels hitting a new 2020 high. Citing recent data from JPMorgan, Grayscale managing director Michael Sonnenshein said that Bitcoin clearly overshadows the demand for Gold ETFs.
Over the last week, Bitcoin has been consolidating around $10,700 levels. Interestingly, the world’s largest cryptocurrency has been holding its position resiliently despite some negative news like BitMEX’s CFTC charges leading to an erosion of 32,000 BTC from the exchange. However, there’s been a spike in new participants coming to Bitcoin clearly indicated by a