Fragile Stock Market Could Push Bitcoin Price To $25,000: Max Keiser

What’s bad for the global stock market is good for bitcoin, believes veteran economic theorist Max Keiser. The founder of crypto-only venture capitalist firm Heisenberg Capital turned bearish on equity markets, fearing that they would collectively fall by 15,000 points. He further envisioned that a stock market crash might prompt investors to take their capital into perceived safe-haven assets. Excerpts: “Stock market showing signs of extreme fragility. An air-gap of 15,000 points sits beneath current prices. When the trap door opens, expect. Bitcoin at $25,000 and Gold at $3,000.” The comments…

Bitcoin Price Analysis: $10,000 Sees Bulls Accumulating

Since the recent drop from $11,000 t0 $9,800 as outlined in my previous analysis on BTC, price levels have created an asymmetrical triangle and will see a breakout next week. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the asymmetrical triangle highlighted after the breakdown from the rising wedge as mentioned in my previous analysis on Bitcoin. An attempted breakout to the upside took around 24 hours before writing this analysis but was quickly met with large selling pressure. Since then, a clear spike to…

This Bitcoin Market Has ‘Bull’ Written All Over It: Analyst

A major bitcoin technical indicator has turned bearish for the first time this year sending mixed messages to the markets. Some analysts maintain we are still in a bull market while others are predicting more pain before any gain. Bitcoin Weekly MACD Death Cross In the trading world, a MACD is not a popular form of fast food, but a technical indicator that measures moving average convergence/divergence. Following the past two months of range-bound trading, the two weekly indicators have crossed which indicates a bearish market. Popular chart analyst, Murad…

BitMEX Owns 0.15% Of Bitcoin Supply As Insurance Fund hits $324M

Cryptocurrency derivatives giant BitMEX now controls 0.15% of all the bitcoins in circulation, new data from the company reveals.  BitMEX Expands Fund By 50% Since January Compiled by industry media outlet The Block, a chart of BitMEX’s Insurance Fund shows its stock has reached 31,300 BTC as of August 25. That figure is the largest on record for the fund, which BitMEX uses to reimburse winning traders on behalf of those who do not have funds to cover losses. The Fund has become well known due to its rapid increase…

Bitcoin Realized Market Cap Hits Record $100 Billion Figure

All eyes returned to Bitcoin this week after yet another record saw the largest cryptocurrency achieve growth like never before in its history. Realized BTC Market Cap Finally Reaches 3 Figures Data from monitoring resource Coinmetrics.io showed that as of August 25, Bitcoin’s realized market cap had hit $100 billion.  The milestone for that particular metric is especially significant, as a three-figure implied cap has never previously appeared.  In recent weeks, the total circled $90 billion, before finally making its symbolic step over the weekend.  Realized market cap differs in…