Grayscale holds the key to Bitcoin hitting $40K, says JPMorgan
Grayscale Investments, the world’s largest digital-asset manager, could hold the key to Bitcoin’s (BTC) short-term price outlook, according to JPMorgan Chase.
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Bitcoin Price
Bitcoin thermocap metric shows BTC price is still in the ‘low end’ of bull cycle
Bitcoin (BTC) is still at the “low end” of a 2021 bubble, new data tracking miner and investor behavior suggests.
In the latest signal that BTC price action still has major growth potential, researcher Geert Jan Cap showed bullish signs coming from Bitcoin’s thermocap.
Bitcoin meets Biden: 5 things to watch for BTC price this week
Bitcoin (BTC) is back in familiar territory as the week begins after a weekend spent ranging in its new, albeit large, trading corridor above $30,000.
With the United States presidential inauguration just days away, Cointelegraph takes a look at what else may be able to shake up BTC price action.
Bitcoin Consolidates Above $35,000 Support – BeInCrypto
The Bitcoin (BTC) price dropped considerably during the week of Jan 11-18 and created a bearish candlestick in the process.
Nevertheless, Bitcoin is still trading above short/medium-term support, failing to confirm the bearish trend reversal.
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Bitcoin open interest hits $8.8B as 45% of BTC options expire in 2 weeks
Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion as (BTC) price rose to a new all-time high.
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Hedge fund predicts $115K Bitcoin price and the fall of ‘speculative’ altcoins
New data from Pantera Capital, an investment firm and hedge fund, suggests that Bitcoin’s (BTC) current price action is closely following the stock-to-follow model’s trajectory and the firm’s analysts believe BTC will reach $115,212 by Aug. 1.
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Former Ripple CTO may have lost much more than $220M in Bitcoin
David Schwartz, current chief technical officer at Ripple, is responding to reports his predecessor had lost access to hundreds of millions of dollars in Bitcoin.
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$500M in crypto futures liquidated as Bitcoin dips below $34K: What happens next?
Roughly $500 million worth of cryptocurrency futures positions were liquidated in the past 24 hours. The mass liquidation of positions happened before the price of Bitcoin (BTC) dipped below $34,000 on Jan. 17.
Bitcoin total liquidations. Source: Bybt.
Pantera Capital Compares Current Bitcoin Rally With 2017 – BeInCrypto
The Pantera Blockchain Letter for January 2021 also examines its bitcoin post-halving predictions, and Ethereum’s value.
In its latest newsletter, Pantera Capital patted itself on the back for closely predicting in April 2020 the bitcoin price in January 2021.
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Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum
Bitcoin’s parabolic increase well above its previous all-time-high has many experiencing déjà vu from 2017 and a number of analysts are concerned the market is overdue for a sizable correction.
On Jan.