With a market capitalization of $660 billion as of this writing, bitcoin is not only the first and oldest cryptocurrency, it’s the largest store of value – fully 53% of the total value of all cryptos tracked by CoinMarketCap. And bitcoin true believers are notorious for holding onto their BTC for the long term. In April the percentage of BTC that had not moved in 2 years hit an all-time high of 53%, and almost 29% of all bitcoin in circulation hadn’t moved in 5 years ($150 billion of market cap at the time). In fact, it’s a notable event when a very old BTC address sends funds for the…
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Weekly Bitcoin Review
After an exciting 2021, what will the new year bring for crypto?
2021 was undoubtedly a historic year for Bitcoin and cryptocurrency. Bitcoin hit a new all time high, saw adoption from nations and corporations alike, and gained attention from several nations across the globe. That isn’t to say there weren’t setbacks: Major crashes, millions of USD in longs liquidated. The world also saw increasing anti-crypto legislation and pushback from politicians in India, The United States, and China. Not the ending to the year that everyone was hoping for Bitcoin unfortunately did not live up to expectations this year. Many thought that 2021 would be the year it hit $100,000, and were disappointed to see it end the year around just a…
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Modern Consensus 100 Most Influential: Who got it right and who got it wrong
The good guesses, the triumphs, the screw-ups and the downright disasters of 2020
In an industry as young and volatile as crypto, and especially with all the money sloshing around in it, the triumphs and tragedies—or at least successes and screw-up—can be be enlightening and sometimes funny. It’s also a good preview to The Modern Consensus 100 Most Influential People in Crypto 2021, which went live today.
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Markets Report: Bitcoin stays skewed to upside, rejecting dip to reach $57K
A dip to $54,400 fizzles and buyer support returns BTC/USD to the crucial resistance zone below all-time highs
Bitcoin kept bulls guessing and bears firmly disappointed on March 12 as a retest of lower levels ended in a strong rebound. Data from price trackers including CoinMarketCap and Tradingview showed BTC/USD rejecting a move towards previous support at $52,000 which began overnight.
