Cryptocurrency Insight
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, could face a major security threat due to its unsustainable growth trajectory. According to according to a recent analysis by Justin Bons, founder of Cyber Capital, BTC must double in value every four years or sustain Read More
On a recent Twitter publish, Ben Lilly, an expert on the cryptocurrency industry, made a thought-provoking statement about the upcoming Bitcoin halving. He stated that while many people are only focused on Bitcoin and its past performance during the halving, there is an important parallel Read More
Bitcoin is often pitched as a possible contender to become the next global reserve currency. However, it faces many hurdles, none more significant than the current reigning king: the almighty United States dollar. The concept of a global reserve currency is essential for international trade, Read More
After regaining its bullish momentum, the market’s biggest cryptocurrency Bitcoin (BTC) briefly broke above its key resistance level of $28,700. However, the cryptocurrency pulled back and traded back within its range formed last week between $27,600 and $28,500. Despite this choppy price action, a recent Read More
Data from Glassnode shows that Bitcoin’s latest rejection around the $23,800 level coincided with the cost base of a certain group of whales. Whales purchased after December 2018 have a base cost of $23,800 According to Glassnode’s latest weekly report, all three pods of whales Read More