Category: btc price

No more ‘Bitcoin effect’? MicroStrategy stock falls by 50% in 17 days

March 5, 2021

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The excitement around Bitcoin has spilled over beyond spot price, data shows, with MSTR going from above $1,300 to $629 in just 17 days. 3738 Total views 16 Total shares The Bitcoin (BTC) price correction isn’t just hurting individual hodlers — the biggest players are suffering in more ways than one. Data from markets on […]

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Stocks slide as dollar hits 4-month highs: Why Bitcoin price is slumping below $50K

March 5, 2021

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The price of Bitcoin (BTC) is extending its slump below $49,000 on March 5 as the U.S. dollar index (DXY) reached the highest levels since November 2020.   DXY (blue) vs. BTC/USD (orange). Source: Tradingview Meanwhile, the prospect of rising rates and a potential stock market top is putting downward pressure on equities and Bitcoin, causing […]

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Bitcoin bull run is still in the early stages, key on-chain indicator shows

March 4, 2021

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The price of Bitcoin (BTC) saw a minor correction on the day as the global stock market pulled back.  The top cryptocurrency dropped by nearly 8% in the last 24 hours, retracing most of the gains it recorded during yesterday’s rally on March 3. Bitcoin bull run is still at an early to mid stage […]

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Netflix ‘might’ be next Fortune 100 firm to buy Bitcoin — Tim Draper

March 3, 2021

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The famous investor picks Netflix among major companies as the most likely to put Bitcoin on its balance sheet. 14924 Total views 142 Total shares Netflix may just be the next Fortune 100 company to buy Bitcoin (BTC) and Amazon will have to accept it, says billionaire Tim Draper. In an appearance on the Unstoppable […]

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En route to $200K? Bitcoin closed February 26% above Stock-to-Flow model price

March 2, 2021

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The price of Bitcoin (BTC) is outpacing the popular Stock-to-Flow (S2F) model, which predicts that the BTC price will eventually reach $200,000. The S2F model forecasts the long-term price trend of Bitcoin by taking two main factors into account, namely the amount of BTC in existence (the stock) against the amount of newly mined coins […]

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Bitcoin’s compound annual growth is ‘an unheard-of’ 200% CAGR

March 2, 2021

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Bitcoin (BTC) has delivered returns that are “unheard of” in history and ultimately leave Tesla stock in the dust.  That’s according to fresh data from on-chain monitoring resource CaseBitcoin, which this week delved into Bitcoin’s astonishing compound annual growth rate (CAGR). BTC hodling: 10 years, 5,200,000% returns A familiar phrase among crypto and traditional investors […]

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Bullish ‘Great Reset’ for BTC: 5 things to watch in Bitcoin this week

March 1, 2021

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Bitcoin (BTC) is looking stable at the start of a new week after recovering from a drop to $43,000 — what’s in store? After last week’s 20% drop from all-time highs, opinions are divided over what the future might look like for Bitcoin price action in the short term. Macro factors are encouraging, but naysayers […]

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3 reasons Bitcoin recovered by 8% overnight — Key levels to watch next

March 1, 2021

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The price of Bitcoin (BTC) recovered by more than 8% overnight on March 1 following a steep drop during the weekend. There are three reasons the price of Bitcoin recovered swiftly in the past 24 hours. They include the recovering global stock market, rising Coinbase premium, and a typical weekend reversal. BTC/USD 1-hour candle chart […]

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Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months

February 28, 2021

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The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview The BTC/USD pair briefly dipped below $44,000 on Bitstamp before paring some of the losses, bouncing back above $45,000 at the time of writing.  […]

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Is Bitcoin at risk of another drop below $40K in a historically corrective March?

February 27, 2021

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Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted. For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or “extreme […]

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