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Bitcoin (BTC) Ends Year 73% Up Despite Disappointing December

bitcoin on the earth

Positive sentiment dragged on throughout November following Bitcoin’s all-time high on the 9th, and continued into early December as enthusiasts clung tightly to the promise of $100k. Sadly, with Bitcoin losing $50k in early December and never fully recovering, that promise didn’t materialized. All the charts and analysis in the world couldn’t have predicted such an uncharacteristically weak close to…

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The Latest Hack on Indian PMs Twitter Reinforces Negative Crypto Image

bitcoin india flag concept

India is a country that has been battling with crypto regulations for several years now. Following the country’s demonetisation experiment in 2016, Indian residents turned to cryptocurrencies to avoid losing their savings. The tech-rich country has since dived head first into the world of blockchain and crypto, with several major digital currency exchanges popping up since 2017. In 2018, following…

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Plan B Notes Bitcoin (BTC) Floor Model Failure, Says Stock-to-Flow (S2F) Still on Track

A popular crypto analyst who goes by the Twitter handle Plan B (@100trillionUSD) has addressed the first failure of his controversial Stock-to-Flow (S2F) model. The model has so far performed with a high degree of accuracy, hitting every monthly target since its creation. However, ongoing negative price action throughout November has decimated Plan B’s $98k price prediction. Back in June,…

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Bitcoin (BTC) Hits New High as CPI Hits 31-Year High, Quashing Inflation Hedge Doubts

bitcoin rocket

The price of Bitcoin suddenly surged by over $2,000 earlier today, cracking a new all-time high (ATH) above $69,000. The event coincides with the US consumer price-index (CPI), which measures inflation, jumping to a 31-year-high – 0.3% higher than government estimates. With the pace of inflation over the past year now at 6.2% it’s way beyond the Federal Reserve’s 2%…

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Coinbase Is Now the Most Popular App in the US Following SHIB Listing

coinbase website on desktop and smartphone

Following last month’s listing of Shiba Inu (SHIB) on its platform, Coinbase has now overtaken TikTok to become the number 1 app on Apple’s AppStore. In essence, this makes buying cryptocurrency a more popular activity than using social media… or pretty much anything else in the world. How it started How it's going pic.twitter.com/7xCGmnHljI — Fred Ehrsam (@FEhrsam) October 28,…

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BITO: World’s First Ever Bitcoin ETF Goes Live on New York Stock Exchange (NYSE)

man in suit pointing at ETF writing

A Bitcoin exchange-traded fund (ETF) issued by ProShares has officially launched on the New York Stock Exchange. After nearly half a decade of failed attempts from a multitude of asset managers, the ProShares ETF was finally approved by the US Securities and Exchange Commission (SEC) last week. It will trade as PROSHARES BITCOIN STRATEGY ETF under the ticker BITO. “We…

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